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2025 2026 $ Change % Change
<br /> 2014A 183,304 183,829 525
<br />2016A 186,899 186,164 -735
<br />2017A 362,868 365,887 3,019
<br />2018 Certificate 128,258 125,139 -3,119
<br />2019A 294,618 290,418 -4,200
<br />2021A 1,022,885 1,019,630 -3,255
<br />2022A 279,523 279,510 -13
<br />2023A 353,288 354,075 788
<br />2024A 440,086 438,248 -1,838
<br />2025A 212,554 212,554
<br /> 3,251,727 3,455,453 203,726 6.97%
<br />Despite some decreases in existing debt payments, and the removal of the 2010A bond, the addition of the
<br />2025A bond and an increase in the 2017A bond will cause the overall increase in the debt service levy to
<br />be 6.97%.
<br />Utility Funds
<br />The first drafts of the Utility Fund Budgets are attached for review: water, sewer and stormwater. The
<br />Long-Term Financial Plan for Utilities was completed earlier this year. Utility Fund budgets use the
<br />assumptions within that study to project revenues for next year. The plan was to increase rates by 10%
<br />again for 2026 to move those funds toward financial sustainability. Utility Funds do not affect the Levy
<br />(property taxes).
<br />Tax Levy & Impact
<br />This section summarizes some of impacts to the levy and tax rate of the earlier discussions. Additional
<br />historical tables have been added to the Appendices for a more thorough history.
<br />The following table shows the proposed 2026 Levy and change from prior year.
<br /> 2025 2026 $ Change % Change
<br />General Fund Levy 5,588,958 6,700,000 1,111,042 19.88%
<br />Debt Service Levy 3,251,728 3,455,453 203,726 6.27%
<br />Capital Levies
<br />Infrastructure Reserve Levy (new)93,333 500,000 406,667
<br />City Center CIP Levy (new) 50,000 120,000 70,000
<br />Park CIP Levy (new) 100,000 100,000 -
<br />Ballpark Fund Levy 250,000 250,000
<br />Vehicle & Equipment Levy* 400,000 450,000 50,000
<br />Street Maintenance Levy* 600,000 630,000 30,000
<br />TOTAL LEVY $ 10,084,019 $ 12,205,453 $ 2,121,434 21.04%
<br />* Vehicle & Street Maint. Levies were formerly a Transfer in the General Fund Levy
<br />City Levies over time are shown in the following chart (2026 is proposed):
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