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CC PACKET 08242010
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CC PACKET 08242010
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7/30/2015 10:25:51 AM
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4/30/2014 4:45:11 PM
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City Council
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City Code Chapter Amendment
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State Legislature <br />2008 Legislature Approved the <br />Implementation of Levy Limits. <br />Years 2009, 2010 & 2011. <br />General Fund Levy Limit is Set by <br />MN Department of Revenue: <br />* 2011 Levy Limit $3,054,117 <br />. Proposed 2011 Levy $2,945,511 <br />. Amount Under Levy Limit $ 108,606 <br />2011 Total Proposed Levy <br />* O% Increase in 2011 General Fund Levy. <br />**Total increase in all Levies — $125,491. <br />2010 <br />2011 <br />General Fund <br />$2,945,511 <br />$2,945,511* <br />Road Improvements <br />$1,246,414 <br />$1,299,683 <br />Lease Revenue Bonds <br />$ 403,263 <br />$ 406,676 <br />HRA Levy <br />$ 110,500 <br />$ 110,500 <br />Tax Abatement <br />$ 76,257 <br />$ 145,066 <br />PERA Levy <br />$ 7,500 <br />$ - 7,500 <br />Total Levy <br />$4,789,445 <br />$4,914,936** <br />* O% Increase in 2011 General Fund Levy. <br />**Total increase in all Levies — $125,491. <br />
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