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Based on the Staff recommendations noted above, the overall increase in the tax levy is $60,000. <br />However, this will be offset by a commensurate levy reduction for the annual debt service <br />paymentson the City Hall/Public Works building bonds that were refinancedin 2013.As a <br />result, there will be no impact from thetax-levy funding increasesrecommended above. <br />Page 9of 9 <br />