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*Calculation (2004 Levy Limit) — Current Legislation <br /> allows Cities to levy back 60% of LGA & Market Value <br /> Credit Losses. <br /> Levy Limit is set by taking the 2003 General Fund Levy and adding <br /> 60% of the loss in LGA and Market Value Credit set levy Limits: <br /> 2003 General Fund Levy $21168,627 <br /> Add: 60% - 2003 LGA & MVC Loss $ 160,409** <br /> 2004 Levy Limit $293299036 <br /> **$267,348 X .60% = $160,409 <br />