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<br />Summary of 2015 Budget
<br />• General operating budget totals $6,705,729
<br />• Salaries, health insurance, and other operating
<br />cost increases mitigated by 2015 increase in LGA
<br />• Liquor operations transfers totals $395,444
<br />L $214,244 provides funding of general fund
<br />0 $181,200 provides funding of capital funds
<br />• Increase in all levies totals $218,900 or 3.9%
<br />• Estimated increase in City tax rate with TIF
<br />Decertification .42%
<br />0 Assuming no change in property values
<br />Homestead Credit Refund
<br />• Letter sent by the
<br />Minnesota Department of
<br />Revenue
<br />• www.revenue.state.mn.us
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<br />9/3/2014
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