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year to $5 million.In contrast, the tax levy needed to support day-to-day operations (after adjusting for <br />lost state-aid) has remained fairly flat since 2011. <br />Another comparison we can make is to compare changes in the tax levy overtime to a standard benchmark <br />–the local inflation rate as measured by the Consumer Price Index (CPI). The CPI represents the change <br />in prices over time for a typical household’s purchases such as housing, food, clothing, utilities, etc. A10- <br />year cumulative summary of the tax levy increases as compared to the localinflation rate is shown below. <br />2005 -2015Cumulative Increase <br />70.0% <br />60.0% <br />50.0% <br />40.0% <br />30.0% <br />20.0% <br />10.0% <br />0.0% <br />20052006200720082009201020112012201320142015 <br />% Change in Levy% Change in CPI <br />Over the past10years the increase in the tax levy has outpaced the inflation rate.Again this is largely the <br />result of added capital replacements associated with the construction of a new fire station and park renewal <br />program. It’s also the result of renewed investment in the City’s vehicle and equipmentreplacement <br />program. <br />Another benchmark that is oftentimes used is a comparison of local property taxes among comparable <br />cities. Although the comparison somewhat masks local needs and preferences, it nonetheless provides a <br />general picture of each City’s tax burden. <br />13 <br /> <br />