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7/7/2021 <br />1 <br />2022 DEBT LEVY July 13, 2021 <br />DEBT LEVY <br />Background: <br />It’s common practice for local governments use tax exempt <br />bond financing to provide funds for major projects such as: <br />Street and Utility reconstruction –annually <br />Park Improvements, trails and sidewalks –as needed <br />Building improvements or replacement –as needed <br />Major equipment purchases –Fire Trucks –once a decade <br />23