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96 <br />97 <br />98 <br />99 <br />II 4' 3 <br />104 <br />Property Tax Levy <br />The 2012 -2013 Recommended Property Tax levy along with a comparison to 2011 is as follows. <br />2012 -2013 Property Tax Levy <br />Fund <br />Division <br />General Fund <br />0 <br />I .1120 <br />I .1180.1776 <br />% Incr. <br />D• <br />0 <br />10.14,8 ,40 <br />% <br />D• <br />Replace Lust M HC <br />47 .100 0 <br />47 .100 0 <br />47 .100 0 <br />New Capital Replacements <br />- <br />878.1635 <br />878.1635 <br />Park Programs <br />964.1319 <br />903.1429 <br />925.1000 <br />Park Maintenance <br />4, 0 <br />1.1007 .1204 <br />I ,030,000 <br />Park Improvements <br />185.1000 <br />40.1000 <br />40.1000 <br />Pathway Maintenance <br />150,000 <br />93,000 <br />93,000 <br />Boulevard Landscaping <br />60,000 <br />60,000 <br />60,000 <br />Building Replacement <br />25.1000 <br />25.1000 <br />25.1000 <br />IT Fund — Computers <br />50,000 <br />50,000 <br />50,000 <br />Debt Service — Streets <br />310.1000 <br />310.1000 <br />310.1000 <br />Debt Service — City Hill, PW <br />82 .100 0 <br />82 .100 0 <br />82 .100 0 <br />Debt Service — Ice Arena <br />355,000 <br />355,000 <br />355,000 <br />Total <br />14 .1703.1044 <br />I .1203.1044 <br />3.4 % <br />1.15 .1044 <br />2. % <br />The Recommended Budget calls for a tax levy increase of 500,000 or 3.4% in 2012, followed by a <br />350,000 or 2.3% increase in 2013. The 2012 levy increase is earmarked for additional capital <br />replacements while the 2013 increase is tentatively set aside for inflationary -type increases in the operating <br />budget. <br />The recommended tax levy increase will result in an impact on a median - valued boon of 2 per month in <br />2012, followed by an additional I per month in 2013. <br />Financial impacts on water and sewer and other cc- paying customers will be presented at a subsequent <br />Council meeting. Staff will be available at the Council meeting to address any questions or concerns. <br />POLICY OBJECTIVE <br />Not applicable. <br />FINANCIAL IMPACTS <br />Not applicable. <br />STAFF RECOMMENDATION <br />Not applicable. <br />REQUESTED COUNCIL ACTION <br />For information purposes only. No Council action is requested. <br />Prepared by: Chris ill r., Finance Director <br />Attachments: : Summary Financing Schedule for the Capital Improvement Program. <br />Page 4 of 4 <br />