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2002 Approved Budget
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2002 Approved Budget
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6/19/2012 1:16:02 PM
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6/19/2012 1:10:56 PM
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Rate of Inflation \Tax Levy <br />rate of inflation. As the table below illustrates, 2002 places the levy nearly the same as the <br />cumulative Consumer Price Index (CPI). <br />Revenues <br />Changes in Revenues by Major Category <br />Category <br />2001 Approved <br />Budget <br />2002 <br />Recommended <br />Budget <br />Dollar Increase <br />(Decrease) <br />Property Taxes <br />$6 897 499 <br />$7 141 112 <br />$ 243 613 <br />HACA <br />1 781 772 <br />L781772 772 <br />0 <br />Intergovernmental <br />2 395 920 <br />1 454 282 <br />941 fi3 8 <br />Licenses and Permits <br />L579394 394 <br />1 693 900 <br />114 506 <br />Fines and Forfeits <br />180 000 <br />190 000 <br />10 000 <br />Charges for Services <br />10 791 987 <br />11 447 089 <br />655 102 <br />Special Assessments <br />900 000 <br />900 000 <br />0 <br />Tax Increments <br />8 000 000 <br />8 000 000 <br />0 <br />Interest <br />2 246 000 <br />303907 <br />793 667 <br />Use of (Add to) Fund <br />Balance <br />1,348,981 <br />704,756 <br />(644,225) <br />Miscellaneous <br />L577500 500 <br />1 736 896 <br />159 396 <br />Total <br />37.699.053 <br />S&089,474 <br />Revenue Comments <br />Changes in revenues for 2002; come primarily from major changes in the way property taxes are <br />now going to be assessed in Minnesota. Beginning in 2002, the State of Minnesota will be <br />taking over a significant portion of the funding for schools, K -12. This change will result in the <br />I -5 <br />
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