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3 <br />10/07/97 <br />PROPOSED <br />CITY TAX RATE <br />Actual Preliminary Increase <br />1997 1998 (Decrease) <br />Total Levy $ 1,664,011 $ 1,740,856 $ 76,845 <br />Fiscal Disparities Distribution ( 85,362) ( 87,043) $ 1,681 <br />from Ramsey County. <br />Fiscal Disparities Distribution (187,176) (192,657) $ 5,481 <br />from Hennepin County. <br />Local Levy $ 1,391,473 $ 1,461,156 $ 69,683 <br />Divided by Total of Hennepin and $ 5,269,806 $ 4,998,698 * ($271,108) <br />Ramsey County Total Local Tax Capacity <br />Proposed Rate 26.406% 29.232% 2.826% <br />* There have been Class Rate Changes for Commercial, Apartments and Residential <br />Properties for collectible 1998 taxes which decreased the City's Total Tax Capacity <br />by $271,108. <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 />