My WebLink
|
Help
|
About
|
Sign Out
Home
2017_059_FC_Packet
Roseville
>
Commissions, Watershed District and HRA
>
Finance Commission
>
Packet
>
2017_059_FC_Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
7/14/2017 1:41:11 PM
Creation date
7/14/2017 1:40:07 PM
Metadata
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
52
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
Roseville Finance Commission <br />Agenda Item <br /> <br />Page 7 of 8 <br /> <br />2012-2016 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 2012, the property tax levy has risen from $17.3 million to $19.5 million, an increase of <br />approximately 3.2% per year. A significant portion of this increase was driven by greater investment in <br />city infrastructure including parks, facilities, streets, and technology. This is represented by the capital <br />and debt categories. The tax levy dedicated towards day-to-day operations (including personnel costs) <br />increased 2.5% 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 />$2.5 <br />$3.3 <br /> $- <br /> $5 <br /> $10 <br /> $15 <br /> $20 <br /> $25 <br />2013 2014 2015 2016 2017 <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
The URL can be used to link to this page
Your browser does not support the video tag.