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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 increased to $1,601,998 for taxes payable in 2023. This is an increase of 12.287%. The <br />City's General Fund property tax levy for 2023 will be $584,697. Because of these two factors and <br />the $84,418 debt levy, the 2023 tax rate for the City will be 40.651 % compared with 38.199% in 2022, <br />36.190% in 2021 and 41.227% in 2020. <br />All other 2023 City revenue sources were adjusted slightly or remained at the 2022 budget amounts <br />based on actual past or anticipate amounts in 2023. <br />REVENUE LEVELS: <br />Tax Rate <br />Net Taxable Tax Capacity <br />2020 <br />2021 <br />ACTUAL <br />ACTUAL <br />41.227% <br />36.190% <br />1,255,541 <br />1,438,923 <br />2022 <br />2023 <br />ACTUAL <br />ESTIMATED <br />38.199% <br />40.651% <br />1,426,695 <br />1,601,998 <br />11 <br />