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Summary of Changes Impacting the Tax Levy �� s� <br />At the December 9, 2002 Council Meeting an inquiry was made as to the factors that are putting <br />added pressure on the tax levy. Staff presented a number of items that have an impact beginning <br />in 2003. These items result from previous and/or on-going commitments made by the City, <br />accompanied by changing resources available to fund these programs. These factors are <br />summarized below. Some of these impacts are offset by other factors which are also identified <br />below. <br />The following changes in programs or services place increased pressures on the 2003 tax levy: <br />(b) Offset by additional $171,800 in revenues from Comm. Development Fund, which results in a General Fund <br />Budget Increase. <br />The following changes in programs or services provide relief to the 2003 tax levy. <br />As is evident above, there are varying impacts on the tax levy due to changes in programs or <br />services. As part of their normal duties, City Staff make efforts to forecast these types of <br />impacts in advance. This helps ensure that the change in taxpayer impact is minimized from <br />year to year. <br />