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Revenues <br />Changes in Revenues by Major Category <br />Special Assessments <br />900,000 <br />Tax Increments <br />Interest(199,000) <br />323,117 <br />Use of (Add to) Fund 1 <br />Balance <br />Miscellaneous1577,500(81,950) <br />Total <br />Revenue Comments <br />Major changes in revenues for 2001; come primarily from the increase in the tax levy, MSA <br />Funds special assessments and interest income. <br />The tax levy increase for 2001 of $496,916 is recommended (an increase in levy of 7.76%). The <br />City also anticipates a substantial increase in state MSA funds to the City in the amount of <br />$689,489. <br />Because many of the Special Assessments have been paid in advance, a lower collection rate of <br />outstanding assessments is expected. <br />Interest rates have been quite variable, which affects the carrying value of the City’s investments. <br />Those losses and gains, along with the interest earned, are expected to continue at a lower level, <br />in light of the U.S. Treasury’s expected debt retirement program. <br />I-5 <br /> <br />