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REVENUES <br />GENERALFUND <br />ACTIVITY DESCRIPTION: <br />To record and maintain all general operating revenues. These revenues will be used to finance the <br />general operating expenditures of the City. <br />GnAI S- <br />1. Maintain stable, constant revenue sources. <br />2. Maintain a low tax rate, by reviewing the costs of services provided and charge appropriately for <br />them. <br />BUDGET SUMMARY: <br />The property tax system is described in more detail beginning on page 58. The City's net taxable tax <br />capacity has increased to $1,809,157 for taxes payable in 2025. This is an increase of 2.7%. The <br />City's General Fund property tax levy for 2025 will be $611,710. Because of these two factors and the <br />$83,736 debt levy, the 2025 tax rate for the City will be 38.440% compared with 38.459% in 2024, <br />39.534% in 2023 and 38.199% in 2022 <br />All other 2025 City revenue sources were adjusted slightly or remained at the 2024 budget amounts <br />based on actual past or anticipate amounts in 2025. <br />REVENUE LEVELS: <br />2022 <br />2023 <br />2024 <br />2025 <br />ACTUAL <br />ACTUAL <br />ACTUAL <br />ESTIMATED <br />Tax Rate 38.199% <br />39.534% <br />38.459% <br />38.440% <br />Net Taxable Tax Capacity 1,426,695 <br />1,601,998 <br />1,761,615 <br />1,809,157 <br />11 <br />