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Roseville Finance Commission <br />Agenda Item <br /> <br />Page 7 of 8 <br /> <br />2011-2015 Property Tax Levy Summary <br />As noted above, the property tax levy is the primary funding source for a number of key operating funds, <br />but it’s also a primary funding source for the City’s infrastructure replacement programs. <br />Understandably, it’s one of the most followed benchmarks of any municipality. <br /> <br />The following chart depicts the property tax levy amount over the past five years. <br /> <br /> <br />Since 2011, the property tax levy has risen from $14.7 million to $18.9 million, an increase of <br />approximately 6% per year. The majority of this increase was driven by greater investment in city <br />infrastructure including parks, facilities, streets, and technology. This is represented by the capital and <br />debt categories. The tax levy dedicated towards operations (including personnel costs) increased only <br />1.0% per year. <br /> <br />For added context, we can compare the levy increase over time to the local consumer price index (CPI). <br />This comparison is sometimes used to demonstrate the impact from higher taxes relative to other cost <br />increases that homeowners might face. This is depicted in the following chart <br /> <br />$2 <br />$3 <br />$2 <br /> $- <br /> $2 <br /> $4 <br /> $6 <br /> $8 <br /> $10 <br /> $12 <br /> $14 <br /> $16 <br /> $18 <br /> $20 <br />2011 2012 2013 2014 2015 2016 <br />Mi <br />l <br />l <br />i <br />o <br />n <br />s <br />Tax Levy by Type <br />2011-2016 <br />Operations Capital Debt State-Aid Loss <br />Item #6: Attachment A