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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 />GOALS: <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 decreased to $1,426,695 for taxes payable in 2022. This is a decrease of 0.85%. The <br />City's General Fund property tax levy for 2022 will be $470,928, Because of these two factors and <br />the $87,282 debt levy, the 2022 tax rate for the City will be 38.199% compared with 36,190% in 2021 <br />and 41.227% in 2020. <br />All other 2022 City revenue sources were adjusted slightly or remained at the 2021 budget amounts <br />based on actual past or anticipate amounts in 2022. <br />REVENUE LEVELS: <br />Tax Rate <br />Net Taxable Tax Capacity <br />2019 <br />2020 <br />ACTUAL <br />ACTUAL <br />40.254% <br />41.227% <br />1,143,763 <br />1,255,541 <br />2021 <br />2022 <br />ACTUAL <br />ESTIMATED <br />36.190% <br />38.199% <br />1,438,923 <br />1,426,695 <br />11 <br />