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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 $1,255,541 for taxes payable in 2020. This is an increase of 9.77%. The <br />City's General Fund property tax levy for 2020 will be $451,088, Because of these two factors and <br />the $80,710 debt levy, the 2020 tax rate for the City will be 41.227°Io compared with 40.457% in .2019 <br />and 39.335% in 2018. <br />' All other. 2020 City revenue sources were adjusted slightly or remained at the 2019 budget amounis <br />based on actual past or anticipate amounts in 2019. <br />REVENUE LEVELS: <br />2017 <br />2018. <br />ACTUAL <br />ACTUAL <br />Tax Rate 40513% <br />39.335% <br />Net.Taxable Tax Capacity 1,0527436 <br />1„128;008: <br />2019 <br />2020 <br />ACTUAL <br />ESTIMATED <br />40,457% <br />41.2270/a <br />1,143,753 <br />1,255,541 <br />11 <br />