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HR.A Le� Auth�r�r <br />. Special tax on al I taxable property <br />specificallyto fund housing programs <br />Levy amount outside general City levy <br />limits <br />Maximum levy authority - .0144 percent <br />of taxable market value <br />. �468,000 estimate in 2005 <br />IncreaseaverageRosevillehometax - <br />$27—all otherthings beingequal <br />•�•J4 � wM••r+�. a�w+�v <br />����� � � ��� <br />Other cities perspective: <br />Leverages other public/private funds <br />. Source of revenue dedicated to <br />housing; can issue revenue bonds <br />Considered favorable status by other <br />agencies— Federal, State, Regional <br />��� �ti��� <br />Hl�# ti�1�+� �� <br />HRA must pass resolution each <br />year regarding levy amount and <br />��� <br />Budget must be submitted to <br />Council as part of budget process <br />each year <br />Amount of levy is based upon the <br />budget each year <br />u �w wrF�rw►�,rrtra <br />��7$� �J i�0�$VI��@ <br />. Provide dedicated source of funding <br />for housing programs <br />$80,000 fund balance <br />. Newsourceslimited <br />Based on last 3 years spend $300,000 per <br />year <br />. Over90% of budgetis for programs <br />I f no levy— very limited housing program <br />n�:X iifi �or� :ai� a�rs <br />11 <br />