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40 <br /> City Levy <br /> General Fund Budget $2,199,967* (Levy Limit) <br /> Road Improvements $ 3429757 <br /> Tax Abatement/Central Park $ 29,642 <br /> PERA Rate Increase Levy S 70-500 <br /> Total Levy $29579,866 <br /> City Tax Rate <br /> 2001 2002 <br /> Total Levy $290359664 $2,5799967 <br /> Less: <br /> Fiscal Disparities 3230172 $ 340,x, ` <br /> Local Levy $197129492 $2,239,663 <br /> Divided by: <br /> Tax Capacity $596479190 $495609054 ($190879136)** <br /> Tax Rate 30.325% 49.117% 18.792%*** <br /> *Levy Unit includes HACA recovery of$349,289/State shifted to <br /> fund education. <br /> **State Legislature Changed Class Rates = (23.84% decrease). <br /> ***As part of tax reform, the State acknowledged that one of the <br /> realities of the restructuring was that all Cities would experience an <br /> increase in their tax rates. <br />