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<br /> <br />Revenues <br /> <br />TheCityisdependentontheresourcesthatgeneraterevenuetoprovideforthedifferent <br />servicesthatourresidentsreceive.Thisdependencyisthelimitingfactoronwhatservicecan <br />beprovided.Theseservicesrangefromthebasicservicesofpublicsafetyandroad <br />maintenancetoservicesenhancingthequalityoflifesuchasparksandcommunityevents.Our <br />resourcestogeneraterevenueareaffectedbyanumberoffactors,includingCity,Stateand <br />Federallaws,rates,demographics,andeconomicconditions.Thefollowingprovidesa <br />summaryofmajorrevenuesourcesandgeneraltrends: <br /> <br />PropertyTaxes <br />ThisrevenuesourceisprimarilyusedintheGeneralFundandissetataleveltoraiseadequate <br />revenuefortheoperatingbudgetwhencombinedwithotherexpectedrevenues.Thefinal <br />levelofexpectedrevenueshouldbesufficienttoconductCitybusinessinaccordancewith <br />CouncilpolicyanddirectivesandresultinaprojectedyearͲendfundbalancetocoverpossible <br />emergenciesandcontingencies. <br /> <br /> <br /> <br />Trends:PropertytaxlevieshavebeenincreasingduetocutsinStateAidthatbeganin2001. <br /> <br />SpecialAssessments <br />Aportionofthecostsforpublicimprovementsisrecoveredbyassessmentchargestothe <br />benefitingpropertyowners.Thesecollectionsareusedtopaybondprincipalandintereston <br />theoutstandingimprovementbondsortoreimbursetheCityifnobondswereissued.A <br />majorityofthespecialassessmentsareassociatedwithroadreconstructionprojectswithinthe <br />CapitalImprovementPlan,buttheyalsoincludechargesagainstpropertyforthecollectionof <br />delinquentutilitybillsormiscellaneouscharges. <br /> <br />$2.00 <br />$2.25 <br />$2.50 <br />$2.75 <br />$3.00 <br />$3.25 <br />$3.50 <br />$3.75 <br />$4.00 <br />$4.25 <br />$4.50 <br />$4.75 <br />2013 2014 2015 2016 2017 2018 2019 2020 2021 2022MillionsTaxLevies <br />7