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<br />WORSE CASE SCENARIO - IMPACT OF 2009 STREET PROJECT
<br />CITY OF CENTERVlLLE
<br />ESTIMATE OF FUTURE TAX RATES
<br />Revenue
<br /> 2005 2006 2007 2008 2009 2010 2011 2012 2013
<br />Property Taxes $ 1.700.000 $ 1,809,431 $ 1,915,900 $ 1,965,600 S 2,144,125 $ 2,369,745 $ 2,516,003 $ 2,685,440 S 2,748,280
<br />Other Taxes & Assessments $ 1,000 S 69 $ 46,000 $ 50,000 51,500 53,045 54,636 56,275 57,964
<br />Licenses & Permits $ 210.850 $ 195.000 $ 160,000 $ 170,000 175,100 180,353 185,764 191,336 197,077
<br />Fines & Forfeits $ 22,000 S 30,000 $ 40,000 $ 35,000 36,050 37,132 38,245 39,393 40,575
<br />Intergovernmental Aid $ 116,333 $ 110,000 $ 117,000 $ 120,000 123,600 127,308 131,127 135,061 139,113
<br />Other $ 97.817 $ 56,000 $ 79,000 $ 81,000 83,430 85,933 88,511 91,166 93,901
<br />Heritage Special Assessments $ 76,000 $ 76,000 $ 76,000 $ 76,000 $ 76,000
<br />Backage Lot Sales S $ $ $ $
<br />CSAH 14 Special Assessments $ 23,000 $ 23,000 $ 23,000 $ 23,000
<br />2009 Street Assessments $ $ $
<br /> Total Revenue $ 2,148.000 $ 2,200,500 $ 2,357,900 $ 2,441,600 S 2,689,805 $ 2,952,516 $ 3,113,287 $ 3,297,672 $ 3,375,909
<br />Expenditures Option One Add Option Two
<br />General Government $ 490,633 $ 518,600 $ 581,000 $ 598,000 615,940 634,418 653,451 673,054 693,246
<br />Public Safety $ 901,684 $ 932,876 $ 1.016,000 $ 1,080,500 1,112.915 1,146,302 1,180,692 1,216,112 1,252,596
<br />Public Works $ 298,427 $ 297,000 $ 315,000 $ 321,000 330,630 340,549 350,765 361,288 372.127
<br />Culture & Recreation $ 72,086 $ 77,500 $ 85,500 S 88,000 90,640 93,359 96,160 99,045 102,016
<br />Economic Development $ 25,300 $ 26,500 $ 31,200 $ 26,500 27.295 28,114 28,957 29,826 30,721
<br />Capital Outlay $ 257,870 $ 167,124 $ 148,000 $ 123,000 126.690 130,491 134,405 138,438 142,591
<br />General Fund Debt Service $ 102,000 $ 180,900 $ 181,200 $ 204,600 $ 204,600 $ 204,600 $ 204,600 $ 204,600 $ 204,600
<br />2006A Backage Road Debt $ 181,095 $ 184.682 $ 184,256 $ 187,309 $ 190,013
<br />2007A CSAH 14 Debt (1.8M) $ 190,000 $ 190,000 $ 190,000 $ 190,000
<br />2009 Street Imp Debt (1.8M) $ 90,000 $ 90,000 $ 90,000
<br />2009 Street Imp Debt Add (104M) $ $ 108,000 $ 108,000
<br /> Total Expenditures $ 2,148,000 $ 2,200.500 $ 2.357,900 $ 2,441,600 $ 2,689,805 $ 2,952,516 $ 3,113,287 $ 3,297,672 $ 3,375.909
<br />TAX RATE CALCULATION
<br />Tax Capacity 3.008.706 3,358.063 3.822,290 4,022,706 4.143,387 4.267,689 4,395,719 4,527,591 4.663.419
<br />T1F Captured Value (29,942) (31,071)
<br />AW Contribution - Out (136,680) (149,004) (136,500) (198,646) (204,605) (210,744) (217,066) (223,578) (230.285)
<br />Certified Levy 1,700,000 1,809,431 1,915,900 1,985,600 2,144,125 2.369,745 2,516,003 2,685,440 2,748.280
<br />AW Contribution - In (198,190) (205,048) (230,000) (233,876) (240,892) (248.119) (255,563) (263,229) (271.126)
<br />Net Local Levy 1,501,810 1,604,383 1.685,900 1,751,724 1,903,233 2,121,626 2,260,440 2,422,210 2,477,153
<br />Local Tax Rate 52.8419% 50.4842% 45.7405% 45.8080% 48.3203% 52.2961% 54.0949% 56.2780% 55.8782%
<br />Note: Appreciation Rate 3%
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