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The total approved reductions to the 2004 Budget, is $283,380; of which $198,380 is in the tax.- supported funds. The Council must still decide on whether to appropriate any monies for the unfunded liability of the Fire Relief Pension. The requested amount from the Relief Association is $103,670. With the approved reductions listed above, the City will be relying on approximately $301,620 of reserves in the General Fund for 2004. Any additional appropriation for the Fire Relief ief Association or other programs will increase the use of reserves. The combined budget for the tax- supported funds is $14,099,590, a decrease of $90,590. 004 Proposed Tax Levy The proposed tax levy for 2004 is $9,760,674, an increase of $932,790 or 10.6 %. The increase is attributable to the voter - approved debt service costs and additional operating costs due to the expansion of City Fall and Public Works facilities. With the proposed tax levy and estimated increases in the City's tax base, an average- valued home of $175,000 would see an increase of 13 or 2.9% in their local property taxes (holding all other factors constant). This is substantially less than the 50 increase that was estimated when the voters approved the issuance of debt to finance the expansion of City Hall and Public works facilities. The following table summarizes the proposed 2004 tax levy.