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102 <br />103 <br />104 <br />105 <br />106 <br />107 <br />108 <br />109 <br />110 <br />111 <br />112 <br />113 <br />114 <br />115 <br />116 <br />117 <br />•:� Under the 2014 Recommended Budget, the monthly impact on amedian- valued home <br />will be $4.47 per month. Only $0.83 of this amount is for day -to -day operations. The <br />remaining is for debt service. <br />•'• In total, a median valued home will pay approximately $65 per month in property <br />taxes. This is comparable to what that same home will pay independently for gas, <br />electric, mobile phone, and internet connectivity. <br />•'• This 7 -year tax levy projection demonstrates that the City is nearing a period of <br />stability that will allow for inflationary -type increases moving forward in order to <br />maintain current service levels. However, if the Council establishes new programs or <br />initiatives, additional taxes will be likely. <br />118 <br />119 A Summary of the Tax Levy by Fund is presented below <br />120 <br />121 2014 Tax Levy Summary <br />Page 4 of 5 <br />$ Increase <br />% Increase <br />Fund / Program <br />2013 <br />2014 <br />Decrease <br />Decrease <br />Operations <br />General Fund Programs <br />$10,258,611 <br />$10,457,506 <br />$ 1981895 <br />1.9% <br />Parks & Recreation - Programs <br />11055,215 <br />110551215 <br />- <br />0.0% <br />Parks & Recreation - Maintenance <br />110201000 <br />110201000 <br />- <br />0.0% <br />Pathways & Parking Lots Maintenance <br />1501000 <br />1501000 <br />- <br />0.0% <br />Boulevard Landscaping <br />601000 <br />601000 <br />- <br />0.0% <br />1215431826 <br />1217421721 <br />1981895 <br />1.6% <br />Vehicles & Equipment Replacements <br />General Vehicle Replacements <br />7371000 <br />7251000 <br />(12,000) <br />-1.6% <br />General Equipment Replacements <br />5371000 <br />5491000 <br />121000 <br />2.2% <br />IT Equipment Replacement <br />1251000 <br />2001000 <br />751000 <br />60.0% <br />1139900 <br />114741000 <br />751000 <br />5.4% <br />Facility Improvements <br />General Facility Replacement <br />1221000 <br />471000 <br />(75,000) <br />-61.5% <br />1225000 <br />471000 <br />(75,000) <br />-61.5% <br />General Infrastructure Improvements <br />Park Improvement Program <br />401000 <br />401000 <br />- <br />0.0% <br />Street Lighting Replacement <br />251000 <br />251000 <br />- <br />0.0% <br />651000 <br />651000 <br />- <br />0.0% <br />Debt Service <br />Street Replacement <br />3101000 <br />3101000 <br />- <br />0.0% <br />City Hall, PW (Begin '04) <br />8251000 <br />8251000 <br />- <br />0.0% <br />Ice Arena ('09) <br />3555000 <br />3555000 <br />- <br />0.0% <br />Fire Station, Park Renewal I ('13) <br />8351000 <br />8351000 <br />- <br />0.0% <br />Park Renewal Phase II -A ('13) <br />8151000 <br />8151000 <br />- <br />0.0% <br />Park Renewal Phase II -B ('14) <br />- <br />5601000 <br />5601000 <br />n/a <br />31140,000 <br />317001000 <br />5601000 <br />17.8% <br />122 Total Levy <br />$17,269,826 <br />$18,028,721 <br />$ 758,895 <br />4.4% <br />Page 4 of 5 <br />