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36 <br />The 2015 overall levy is comprised as follows: <br />General Operating Levy <br />CIP Levy <br />Road Improvement Levy <br />Lease Revenue Bonds <br />HRA Levy <br />Tax Abatement <br />Amount <br />$3,321,210 <br />$ 50,000 <br />$1,791,725 <br />$ 382,872 <br />$ 132,782 <br />$ 153,148 <br />$5 ,831,737 <br />Increase/( Decrease} <br />$197,867 <br />$ 0 <br />$ 15,145 <br />$ 4,410 <br />($ 645) <br />$ 2,123 <br />$218,900-3.9% <br />Levy Relief was achieved by the use of $62,448 of additional Local Government Aid and debt <br />levy reduction as detailed below: <br />• Pre-levy relief increase 7.64% <br />• With debt reduction 5.01 % <br />• With additional LGA 3.90% <br />• Est. increase in City rate with TIF Decertification 0.42% <br />The proposed 2015 Capital Equipment Budget totals $386,743. The CIP Fund is supported by a <br />combination of Liquor Fund transfer (operating profits), Municipal State Aid -construction <br />(MSA), Utility Fund (operating profits) and Water filtration (interest earnings) transfers, the <br />trade/sale of existing equipment and CIP Levy . <br />The annual transfer of Liquor Operating Profits helps reduce taxes and provides funding for <br />capital equipment. In 2015, Liquor Operations will transfer $214,244 to the General Fund, <br />$108,200 to the Capital Equipment Fund and $73,000 to the Building Improvement Fund . <br />Without the benefit of Liquor profits an additional levy increase of 7.02 % would have been <br />required to continue current service levels and meet capital needs. <br />For 2015, the median taxable valuation in St. Anthony is $223,000. Based on the median <br />valuation of $223,000, the "City Portion" of property taxes totals $1,467.26. A breakdown of <br />the taxes is as follows: <br />1) General Fund Budget $ 855 .09 <br />2) Road Improvements $ 461 .3 0 <br />3) Public Facilities $ 98 .57 <br />4) Tax Abatement $ 39.43 <br />5) Capital Improvements $ 12.87 <br />Total $1,467.26