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]]� 1]" IIR ]]� ] ��? ]�l l�� L2:� li� 1?� I ��a L2? «� l�� .G �C� 13] I � �? � 5 I .��+ !35 ] a E� I�� I�� _1�.4 ] �[� I�I ] 4? l�a ]�� I�� 1 ��i ]�r l�� L�� � �i� l�l 1�� These increased spending obligations will require a corresponding increase in the property tax levy and/or a reduction in other budget areas. Assuming this was accomplished solely through a levy increase, a typical single-family home would pay an additional �5.29 ner month holding all other factors constant. However, changes in the City's tax base are expected to occur in 2008 that will minimize this impact significantly. Imagine Roseville 2025 Vision Although the Council has not yet prioritized which goals and strategies to pursue for 2008, it is recommended that we set aside �unds for this purpose. It is recommended that the City set aside $200,000 to be allocated at a future date consistent with Council priorities. This appropriation may include new staffing positions or reclassifications. For a typical single-family home, this would translate into an additional $0.90 �er month. Overall praperiy �Ta� Impact If the City Council adopted all of the property tax levies described above, the citywide property tax levy will increase as follows: 2007 Property Tax Levy $ 1�,59�i,360 Plus add'1 for budget policy compliance 250,000 Plus add'1 for asset replacement 70,000 Plus add'1 for safety and OSHA items 50,000 Plus add'1 to preserve programs 1,265,000 Plus add'1 for Imagine Roseville 2025 '�* 200;000 Total $13,531,360 ** which may include additional staffing In this example, the total property tax levy increase would be $1,835,000 or 15.7% over 2007. For a typically valued home of $235,000, the impact would be $92 per year, or $7.67 per month, holding all other factors constant. However, as noted above, shifts in the City's tax burden are expected to occur in 2008 that will significantly reduce this impact. Assuming these shifts occur, and this same home experienced a 5% increase in value, the im�act would be �86 t�er vear, or $7.17 per month. For comparison purposes, the following table outlines the estimated tax impacts based on varying tax levy increases for a typical value home (assuming no increase in valuation):