2013 Approved Budget - Laserfiche WebLink

Home

City of Roseville — 2013 Budget Tax Levy, Tax Capacity, and Tax Impact The tax levy for 2013 is $1 7,269,826; an increase of $2,307,532 or 15.4 %. The increase in property taxes is largely attributable to the higher debt service casts associated with the bonds used to finance the construction of a new fire station and a park renewal program. An increase was also necessary to strengthen the City's asset replacement funding mechanisms, and to offset inflationary impacts. With the proposed tax levy and estimated changes in the City's tax base, a median - valued hone of $188,000 would see an increase of $60 or 8.7% in them local property taxes. The following table summarizes the 2013 tax levy. Fund 7 Proms enend Fund Programs Parks & Recreation - Programs Parks & Recreation - Maintenance Pathways & Parking Lots Maintenance Boulevard Landscaping General Vehicle Replacements General Equipment Replacements IT Equipment Replacement General Facility Replacement Park Improvement Program Street Lighting Replacement Debt Service - Street Replacement Debt Service - City Hall, Public works Buiding Debt Service - Ice Arena Debt Service - Fire Station, Park Renewal I Debt Service - Park Renewal Phase 11 $ Increase % Increase 2012 2013 ecrease Decrease $ 9,857,199 $10,258,611 400,912 4.1% 1,0291175 1,0551215 261,040 2.5% 9741,420 1,020,000 452580 4.7% 15%000 1509000 - 0.0% 601,000 601000 - 0.0% 737X0 737,000 - 0.0% 4529000 537,000 855000 18.8% 50,000 1259000 755,000 150.0% 1223,000 122,000 - 0.0% 40;P000 4%000 - 0.0% - 25,000 259000 nla 3105,000 310,000 0.0% 8255000 825,000 0.0% 355,000 355,000 - 0.0% - 835VOOO 8359000 na - - - 815,000 815po n7a $14,9621294 $175,269,826 $2,307,532 15.4% The Citywide tax capacity represents the taxable property value within the City. It i