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BUDGET HIGHLIGHTS/CHANGES
<br />CITY OF GEM LAKE
<br />PROPERTY TAX CHANGES 2023 2023 2024 2024 2025 2025 2026 2026
<br />Preliminary Final Preliminary Final Preliminary Final Preliminary Proposed Preliminary Proposed
<br />Levy Levy Levy Levy Levy Levy Levy Levy To Preliminary To Final
<br />GENRAL LEVY 584,697 568,897 636,188 615,527 650,021 635,000 682,227 0 4.955% 7.437%
<br />DEBT LEVY:
<br /> GENERAL DEBT LEVY 00000000
<br />CAPITAL IMPROV. PLAN BONDS 77,873 75,940 76,269 76,269 79,711 79,711 77,763 0 -2.444% -2.444%
<br />2015 IMPROVEMENT BONDS 00000000
<br />2018 IMPROVEMENT BONDS 6,545 6,384 5,285 5,285 4,025 4,025 8,015 0 99.130% 99.130%
<br />TOTAL DEBT LEVY 84,418 82,324 81,554 81,554 83,736 83,736 85,778 0
<br />TOTAL PROPERTY TAX LEVY 669,115 651,221 717,742 697,081 733,757 718,736 768,005 0 4.667% 6.855%
<br />LESS: FISCAL DISPARITIES 17,894 17,894 19,581 23,290 23,290 23,290 21,025 0 -9.725% -9.725%
<br />NET PROPERTY TAXES 651,221 633,327 698,161 673,791 710,467 695,446 746,980 0 5.139% 7.410%
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