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These iz�creased s�ei�d'zn� o�ligat'rons will require a correspandiz�g increase z�2 il�te pro�erty tax <br />le�ry and/ox a red�ctio�-z in o��1er budget �r•eas. Asswnin� this was aceorr�plisl�ed sol��y �hrp�gh a <br />levy increase, a typical siilgle-fa�r�.z�y �o�ne would pay an addrtiozla� $5.29 er �r�onth holdzng alI <br />atller facfors consta��t. �o�veve�', changes in t��e City's tax base are exp�cte�. to occuz• irz 2008 <br />tl�a�: wil� z�inimize Lhis zznpact signif�cantIy. <br />���gi�ae ��os��v���� �Q2S Vi�aoa� <br />Altk�ougl� the Co�neil has not yet �rzorz�ized wl�ich goals and st�'ategies to pu�su� for 2008, it is <br />reco�nended �hat we s�� aside funds for tllis purpase, �i is r�corz��ne��ded tl�at t��e City set aside <br />$240,Q�Q �o be allocated at a�t�re daie cnnsistent wi�h Coui�cil prior�iies, Thzs appxppxialio� <br />may include ��evv staf�'irzg �QSitions or recl.assificatzons. �eas' a typical szngle-faznzly hoz�e, tJ�is <br />tivou�d �raz�slate in.to arz additio�-�a1$Q.90 er mflnth. <br />�v�a�a�l �?ro�e�•�y T�x I�rz��e� <br />If tl�e �zty Ca�ncil adopted a�I af t�e praperty tax Ievies deseri�ed a�ove, the cztywide p�•operty <br />ia� levy wi11 i�acrease. as fol�aws: . <br />20D7 Prope�-ty `�ax L�vy � � 1,69G,3G0 <br />Pius add'l fox bu�dg�f policy cornpliance 250,0�0 <br />Plus add'1 fpr asset rep�aceznent 74,000 <br />i'i�s add'1 �or safety ai�d OSHA iiem.s 50,OOQ <br />�'Ius add'1 to preserve �rograz�s 1,265,Q00 <br />PI�s add'1 for Ia�agzz�� Roseville 2025 '�* 200,000 <br />TotaI $13,53 �,360 <br />* * whioh �nay iracludc adc3itianal staffuag <br />In this e�a�ple, the total prope7�:y tax levy ir�crease wnuld be � 1,8� S,OQQ oz� � 5.7°/a �ver 2007. <br />�'or a ty�ically valu�d home c�f �235,000, tlie im�aci wQ�lct b� $92 per year, c�r �7.67 pex zxaoz�t�, <br />hal�izag aIl other �'acto�s consta�t. However, as nofed above, shi�ts in the City's tax bu��den are <br />�:xpected to occux in 20Q8 th�� wi1l signi�'icar�tly xeduee this impact. �-1ssu�i�g �k�ese shafts oecu�•, <br />a��c� this saz�e l�orne ex�erienc�d a 5% increase in value, i�Ze i�pact �vouZd be $86 �er vear, or <br />9�7.17 �r n:aorztl�. <br />Fo�: ca���a�-zsoz� p�.u�ases, tlae �,�ollaw�zag ta�Ie outlines ih.� estiz�aated tax zmpacts bas�d oi1 <br />varyi��g ta� levy i�cxeases �or a typical vaiue home (assuzning z� increase in va�t�atiorz): <br />� '7a0,OQ0 <br />$25,DQ0 <br />.i�.lp�/oo <br />1��5�3�0� <br />�,170,0�4 <br />1,2$S,D00 <br />�,40(},000 <br />� t,835,000 <br />$ 27 <br />33 <br />39 <br />45 <br />S� <br />S7 <br />63 <br />$ 8& <br />$ 2.2I <br />-- 2. �2 <br />� ��� <br />3,75 <br />4.2G <br />4,7'1 <br />5.28 <br />$ 7.17 <br />� <br />