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3 <br /> • 10/01/98 <br /> PROPOSED <br /> CITY TAX RATE <br /> Actual Preliminary Increase <br /> 1998 1999 (Decrease) <br /> Total Levy $ 1,740,856 $ 1,853,353 $112,527 <br /> Fiscal Disparities Distribution ( 87,043) ( 93,295) $ 6,252 <br /> from Ramsey County. <br /> Fiscal Disparities Distribution (192,657) (206,491) $ 13,834 <br /> from Hennepin County. <br /> Local Levy $ 1,461,156 $ 1,553,567 $ 92,411 <br /> Divided by Total of Hennepin and $ 4,974,964 $ 4,821,673 * ($ 153,291) <br /> Ramsey County Total Local Tax Capacity <br /> Proposed Rate 29.372% 32.221% 2.849% <br /> * There have been Class Rate Changes for Commercial, Apartments and Residential <br /> Properties for collectible 1999 taxes which decreased the City's Total Tax Capacity <br /> by $153,291. <br /> **The estimated tax rate is based on current valuation estimates from Hennepin and <br /> Ramsey Counties. Any reduction in Valuations, Fiscal Disparities, or Class Rates, <br /> could change the City's total local levy or tax capacity which increases the total tax rate. <br />