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CC WORKSESSION 03182008
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CC WORKSESSION 03182008
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7/2/2019 3:28:13 PM
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Reduction of road improvement levy <br />Based upon current fund balance, there is the <br />ability to reduce levy by up to $200,000 <br />annually <br />For every $100,000 you reduce the levy by, <br />there is a positive tax impact to a home owner <br />On $258,000 value home, impact is 22 <br />■ Option #1 — Keep levying full amount <br />Option #2 — Reduce by some amount but <br />keep levy majority for other projects <br />6$ 0,000 for capital projects, etc <br />[Capital Improvement Plan (CIP) <br />City needs to complete a more <br />comprehensive CIP for all City facilities <br />and parks <br />5 <br />
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