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REVENUES <br />GENERAL FUND <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. costsof services provided and chargeappropriately for <br />them. <br />BUDGET SUMMARY: <br />The property tax system is desciibed in more detail beginning on page 58, The City's net taxable tax <br />capacity has increased to $1,051,625 for taxes payable in 2017. This is an increase of 7.56%fl. The <br />City's property tax levy for2017 will be $363,294. As a result.of these two factors and the $75,987 <br />debt levy, the 2017 tax rate for the City will be 41.143% compared with .29.524% in 2016. <br />All other City revenue sources were adjusted. slightly or remained at the 2016 budget amounts for <br />2017. <br />REVENUE LEVELS: <br />2014 <br />.2015 <br />2016 <br />2017 <br />ACTUAL <br />ACTUAL.. <br />ACTUAL <br />ESTI.MATED <br />Tax Rate 26.5500% <br />28.306%. <br />29.5249l0 <br />41,1430l0 <br />Net Taxable Tax: Capacity 846,800 <br />878,661 <br />977,703 <br />1,051,625 <br />11 <br />