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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 $1,884,274 for taxes payable in 2026. This is an increase of 4.2%. The <br />City's General Fund property tax levy for 2026 will be $611,435. Because of these two factors and the <br />$85,778 debt levy, the 2026 tax rate for the City will be 36.874% compared with 38.440% in 2025, <br />38.248% in 2024 and 39.534% in 2023. <br />All other 2026 City revenue sources were adjusted slightly or remained at the 2025 budget amounts <br />based on actual past or anticipate amounts in 2026. <br />REVENUE LEVELS <br />2023 <br />2024 <br />ACTUAL <br />ACTUAL <br />Tax Rate 39.534% <br />38.248% <br />Net Taxable Tax Capacity 1,601,998 <br />1,761,615 <br />2025 <br />2026 <br />ACTUAL <br />ESTIMATED <br />38.440% <br />36.874% <br />1,809,157 <br />1,884,274 <br />11 <br />