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Summary: <br />Total Expenditures for all Funds <br />$918,488 <br />. Increase of 19.251,o <br />Total General Fund $523,278 <br />. Increase of 6.270,„ <br />Total Property Tax Levy of $558,210 <br />. Increase of 4.25% <br />Tax Capacity of $1,426,695 <br />. Decrease of 0.850 , <br />Action Requested. <br />Adopt Resolution 2021-15 Adopting the <br />Final General Fund Budget and Final <br />Amount to be Raised by Property Taxation <br />for the Year 2022: <br />NOW, THEREFORE BE IT RESOLVED, that the City <br />Council of the City of Gem Lake does formally adopt <br />the 2022 Final General Fund Budget of S523,278.00 <br />and the Final Property Tax Levy of 5558,210.00 which <br />includes a General Tax Levy of $470, 928.00 and a <br />Debt Levy of $87,282.00 for 2022 .... <br />