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7 <br /> SEPTEMBER 2, 1992 <br /> PAGE THREE OF THREE <br /> It has been estimated that, if approved, franchise fees would generate approximately $280,000 <br /> in revenues in 1993. Alternative F shows the effect on property tax bills of using the property <br /> tax levy to raise an amount equal to estimated revenues from franchise fees. If the property <br /> tax levy was increased so that it would generate the same amount of revenue as could be <br /> collected from franchise fees the result would be a 22.09% increase in property tax bills. <br /> Several alternatives for the 1993 proposed property tax levy have been resented. Pursuant to <br /> p <br /> Truth In Taxation laws the City must certify a proposed 1993 property tax levy to Ramsey <br /> County on September 14, 1992 which may not subsequently be increased. Staff awaits <br /> Council's direction on this matter. <br /> Attachment <br />