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Propertv Taxes The amount of property taxes is directly dependent on the property tax levy set by the Council each year. Contrary to what is oftentimes reported, the construction of new housing or commercial buildings does not result in additional property taxes. The City gets what it levies for and nothing more. The presence of the new development simply means there are more properties available to shoulder the overall property tax burden. For 2011 the City will remain under state mandated level limits which will somewhat inhibit our ability to raise property taxes. The City has approximately $500,000 in available levy capacity (citywide) excluding any special levies that are exempt from levy limits. For 2011, the City will have an expiring debt levy in the amount of $490,000 that was earmarked for a street improvement project. This will somewhat alleviate property tax increases for other purposes. Licenses & Permits Licenses & permits include the following: ❖ General business licenses ❖ Alcohol & tobacco licenses •'• Pet licenses ❖ Fire inspection fees •'• Pawn shop transaction fees For 2011, it is pro�ected that licenses and permits revenue will be $269,000; a slight increase of $2,000 from 2010. It is conceivable that license and permit fees could be increased but it would have to be commensurate with the increase in associated regulatory costs. This estimate is based on prior year revenues, and assumes that all existing establishments will seek renewal of their licenses where applicable. Court Fines Court fines include fines paid for traffic violations and criminal offenses occurring within the City limits. Fine revenues can fluctuate from year to year depending on the amount of crimes and the level of enforcement efforts. For 2011, it is projected that Court fine revenue will be $215,000; a decrease of $48,000 from 2010. Court fines have declined each year since 2006. Intergovernmental Revenue Intergovernmental revenues include street maintenance aid, police and fire aid, PERA aid, School Liaison monies, and federal and state grants. For 2011, it is projected that intergovernmental revenue will be $834,000; a decrease of $50,000 from 2010, largely due to a decline in fire state aid as compared to the current budgeted amount. Charges for Services Charges for services revenues include administrative charges between funds, false alarm fees, fire surcharge fees, and recreation program fees. Page 2 of 4