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Option No. 1 - Increase Expenditures. 5% Property Tax Levy Increase <br /> Revenues - 7/18/94 $3,439,227 <br /> homestead credit change 27,061 <br /> LGA change 34,673 <br /> maintain 5% property tax (26,352) <br /> levy <br /> Revenues - 8/25/94 $3,474,609 <br /> Expenditures 7/18/94 $3,439,227 <br /> police dispatch contract (3,978) <br /> expenditure increase ? ? ? 39,360 <br /> Expenditures - 8/25/94 $3,474,609 <br /> Due to a decrease in the 1995 levy for the fire bonds, a 5% increase in the General Fund property tax <br /> levy results in an overall increase in the 1995 property tax levy of 4.3%. Owners of single family <br /> residential property would see their tax bills increase between 4.55% and 6.79%, depending upon the <br /> market value of their property. <br /> Another option would be reducing the property tax levy by $39,360. This option is listed below. <br /> Option No. 2 - Decrease Property Taxes <br /> Revenues - 7/18/94 $3,439,227 <br /> homestead credit change 27,061 <br /> LGA change 34,673 <br /> maintain 5% property tax levy (26,352) <br /> reduce property tax levy further (39,360) <br /> Revenues - 8/25/94 $3,435,249 <br /> Expenditures - 7/18/94 $3,439,227 <br /> police dispatch contract (3,978) <br /> Expenditures - 8/25/94 $3,435,249 <br />