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Tax Levy, Tax Capacity, and Tax Impact <br />The proposed tax levy for 2006 is $1 1,701,965, an increase of $1,064,000 or 10.0°/o. The <br />increase in property taxes will offset spending increases for inflation and healthcare, and help <br />fund new initiatives. <br />With the proposed tax levy and estimated increases in the City's tax base, an average-valued <br />home of $185,000 would see an increase of $34 or 7.6°/o in their local prope�-�y taxes (holding all <br />other factors constant). <br />The following table summarizes d�e 2006 proposed tax levy. <br />��_�� _ .i . ... . <br />� ��,�.'I'�� i�`��4'ti�'i:iil�l?li <br />f'EkF��•�+id I It=t I}yl �4'� <br />: Ey�il•� f I1:�CC�3'Clll vl_r� <br />Pathways Maintenance <br />Streetscape Improvement <br />General Vehicle Replacement <br />General Debt Service <br />Total <br />. r. '���� <br />�1�Jl�.l�111 � - <br />— --��,�;[dlJl� ; <br />1 �r7_t�UU. . <br />140,000 <br />25,000 <br />225,000 <br />1,625,000 <br />� •.i-' -- �� � <br />..al;���)Y <br />��r,1k��• <br />1 �i�.i�l�l� <br />142,000 <br />50,000 <br />225,000 <br />1,625,000 <br />�a I ? �; 7 -- — <br />—��;�{ '-- <br />2,000 <br />25,000 <br />� 10,63�,96s � � ll,�ol,96s � � 1,064,000 <br />�,,5 :i� <br />�.� <br />rl ?I "!i� <br />1.4 % <br />100.0 % <br />0.0 % <br />0.0 % <br />lo.o �i4 <br />Council Action Requested <br />Action �; �: Motion to approve or amend the Resolution to adopt the 2006 Proposed Tax Levy <br />Action #2: Motion to approve or ai-nei-�d the Resolution to adopt the 2006 Proposed Budget <br />Action #3: Motion to approve or amend the Resolution to adjust the 2006 Proposed Debt <br />Levy <br />