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The following represents a review of the 2006 Levy /Compared to the 2005 Levy: <br />General Fund Levy (Operations) <br />Road Improvement Levy <br />Public Facilities (P/W — Fire Station) <br />HRA (Administration Levy) <br />Certificate of Indebtedness - Fire Truck <br />Tax Abatement Levy — Central Park <br />PERA Levy — State Increase for PERA rates <br />2005 <br />2006 <br />Increase <br />$2,488,357 <br />$2,488,357 <br />$ - 0- <br />$ 627,312 <br />$ <br />751,492 <br />$ 124,180 <br />$ 391,477 <br />$ <br />392,737 <br />$ 1,260 <br />$ 55,500 <br />$ <br />55,500 <br />$ - 0 - <br />$ 89,600 <br />$ <br />88,100 <br />($ 1,500) <br />$ 30,013 <br />$ <br />29,271 <br />($ 742) <br />$ 7,500 <br />$ <br />7,500 <br />$ - 0 - <br />$3,689,759 <br />$3,812,957 <br />$ 123,198 <br />Also, discussed at the March 140' work session were additional alternatives to offsetting <br />the levy. After reviewing the alternatives, Council approved the recommendation to <br />decertify the Hellickson TIF District. The goal in this process was to add additional tax <br />capacity and offset the impact of the road improvement levy. <br />With the addition of the TIF tax capacity and other increases to our tax base, the City <br />should be very close to achieving its goal of keeping the increase in "2006 Property <br />Taxes" to a minimum while maintaining the current service levels. <br />Final analysis will be presented to the City Council when the City is provided with our <br />proposed tax rate and tax capacity numbers from Hennepin and Ramsey Counties. This <br />information is available the later part of October. <br />