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7/21/2020 <br />BUDGET HIGHLIGHTS/CHANGES <br />CITY OF GEM LAKE <br />PROPERTY TAX CHANGES <br />2019 2019 <br />2020 2020 <br />2021 <br />Preliminary Final <br />Preliminary Final <br />Preliminary Preliminary <br />Preliminary <br />Levy Levy <br />Levy Levy <br />Levy To Preliminary <br />To Final <br />GENRAL LEVY <br />395,988 395,988 <br />496,938 451,088 <br />453,675-8.706% <br />0.574% <br />DEBT LEVY: <br />GENERAL DEBT LEVY <br />0 0 <br />0 0 <br />0 <br />CAPITAL IMPROV. PLAN BONDS <br />77,989 77,989 <br />80,876 * 76,918 <br />80.876 <br />2016 IMPROVEMENT BONDS <br />0 0 <br />0 0 <br />0 <br />2018 IMPROVEMENT BONDS <br />612 612 <br />9,065 3.792 <br />7,940 <br />TOTAL DEBT LEVY <br />78,601 78,601 <br />89,941 80,710 <br />88,816 <br />TOTAL PROPERTY TAX LEVY <br />474,589 474,589 <br />586,879 531,798 <br />542,491-7.563% <br />2.011% <br />LESS: FISCAL DISPARITIES <br />10.944 14,179 <br />14,179' 14,179 <br />14.179 0.000% <br />0.000% <br />NET PROPERTY TAXES <br />463,645 460,410 <br />572,700 517,619 <br />528.312 <br />5 <br />