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2007 Approved Budget
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2007 Approved Budget
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6/19/2012 1:45:35 PM
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City of Roseville — 2007 Budget <br />Debt Service includes the principal and interest paid on bonds used to finance infrastructure and facility <br />improvement projects. Debt service costs are expected to decrease in 2007. However, the tax levy <br />dedicated to pay for debt service is expected to remain constant until 2011. This will be necessary to <br />pay off the internal loan that was used for early debt retirement in 2001. <br />TIF Pay -as- you -Go refers to tax increment paid to developers as specified in Tax Increment Financing <br />(TIF) agreements between the City and various developers. The increase in TIF pay -as- you -go will <br />result due to the added value created within existing TIF districts. <br />:. <br />
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