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MAYOR AND CITY COUNCIL <br />PAGE TEN <br />MAY 31, 1990 <br />Note: No allowance made of household or <br />population growth. (.05% of the greater of <br />the two.) <br />Repeal of levy limits which was to have gone <br />into effect in 1992 has been rolled back by <br />the Legislature to 1993. <br />If the LGA cuts that were made in 1990 and <br />1991 do not result in the total saving goal <br />established by the Legislature, further cuts <br />in LGA are to be expected. <br />Changes to property tax rates were also <br />implemented in the 1990 Tax Bill and are as <br />shown below. <br />Homestead: <br />PAY 90 <br />First $68,000 1% <br />$68-$100,000 20. <br />Over $100,000 3% <br />Commercial/Industrial: <br />Pay 90 <br />First $100,000 3.3% <br />Over $100,000 5.06% <br />$68-$110,000 <br />Over $110,000 <br />Pav 91 <br />3.2% <br />4.95% <br />Should you have any questions regarding the above information <br />I will be happy to respond to them to the best of my ability <br />or obtain additional information for you. <br />cc: Department Heads <br />City Attornies Meyers and Barney <br />City Planner Hren <br />PAY 91 <br />1% <br />2% N <br />3% <br />