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Summary: <br />Total Expenditures for all Funds. <br />$71 1, 177. <br />. Increase of 11,09% <br />▪ Total General Fund $481,470, <br />Increase ❑f 10.48% <br />▪ Total Property Tax Levy of $443,289. <br />. Decrease of 1.328% <br />Tax Capacity of $1,335.,033. <br />• Increase of 6.512% <br />2009 Tax Rate of 35.5788% <br />• Decrease of 7.8161% from 2008 <br />??7777?7?????777777?? <br />Questions? <br />??????7??7??? <br />Action Requested: <br />Adopt A Resolution Adopting the Final <br />General Fund Budget and Final Amount to <br />be Raised by Property Taxation for the <br />Year 2009: <br />NOW, THEREFORE BE IT RESOLVED, that the City <br />Councilpf the .City of Gem Lake does formally adopt. <br />the:2009 Final Genera! Fund Budget of$481,470.and <br />the Final Property 'Tax: Levy of $443 289. which <br />includes a General Tax Levy of $420,089 and a Debt <br />Levy of$2.3,900 for 2009 ... <br />58 <br />