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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 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 $1,166,544 for taxes payable in 2019. This is an increase of 3.42%. The <br />City's General. Fund property tax levy for 2019 will be $395,988. Because of these two factors and <br />the $78,601 debt levy, the 2019 tax rate for the City will be 39.667%. compared with 39.335% in 2018 <br />and 40.794% in 2017.. <br />All other 2019 City revenue .sources were adjusted. slightly or. remained at the 2018 budget amounts <br />based on. actual past or anticipate amounts in .2018. <br />REVENUE LEVELS: <br />Tax Rate <br />Net Taxable Tax Capacity <br />2016. <br />2017. <br />ACTUAL. <br />ACTUAL <br />29.524% <br />40.794% <br />977,703 <br />1,051,625 <br />2018 <br />2019 <br />ACTUAL <br />ESTIMATED <br />39.335% <br />39.667% <br />1,128,008 <br />1,166,544 <br />11 <br />