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51 <br />Total Levy: <br />The 2009 levies are as follows: <br />Truth -in -Taxation: <br />This year, St. Anthony must hold a Truth -in -Taxation hearing. The maximum <br />inflationary levy allowed by the State for St. Anthony equals $4,454,413. The City's <br />total proposed levy applicable to the inflationary increase is $37,024 over the threshold <br />(Proposed levy of $4,601,937 less the $110,500 HRA Levy = $4,491,437). <br />Summary: <br />The information necessary to compile a reasonable proposed 2009 Operating Budget and <br />Property Tax Levy is a representation of financial management planning established at <br />City Council work sessions held on April 29th, July 29fl' and September 3`d. <br />Levy <br />Increasel(Decreasel <br />General Fund Levy <br />$2,945,511 <br />$148,611 <br />Road Improvement Levy <br />$1,059,596 <br />$ 91,565 <br />Lease Revenue Bonds <br />$ 399,536 <br />$ 5,119 <br />HRA Levy <br />$ 110,500 <br />$ - 0 - <br />Tax Abatement — Central Park <br />$ 79,294 <br />$ 51,554 <br />PIRA Levy <br />$ 7,500 <br />$ - 0 - <br />$4,601,937 <br />$296,849 <br />Truth -in -Taxation: <br />This year, St. Anthony must hold a Truth -in -Taxation hearing. The maximum <br />inflationary levy allowed by the State for St. Anthony equals $4,454,413. The City's <br />total proposed levy applicable to the inflationary increase is $37,024 over the threshold <br />(Proposed levy of $4,601,937 less the $110,500 HRA Levy = $4,491,437). <br />Summary: <br />The information necessary to compile a reasonable proposed 2009 Operating Budget and <br />Property Tax Levy is a representation of financial management planning established at <br />City Council work sessions held on April 29th, July 29fl' and September 3`d. <br />