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Using all 2013 Budget reductions 3-20-12
<br />Includes: Muni Center Debt Refinancing; TIF 10 decertifies, $528,231 in Misc Reductions, $446,275 in Staff Reductions
<br />+ could add back $145,000 from total budget reductions present($8,413,798-$1,408,796=$7,005,002 Proposal $7,150,000-$7,005,002=$144,998)
<br />Refinancing Debt with $457,479 in savings for 2013 & $492,953 for 2012
<br />(Based off of 2012 Adopted Levy & TAXable value decreased by 5% + TIF 10 Decertified)
<br />2013 PROPOSED LEVY Estimated 2013
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General 5,773,522 1,035,106 4,738,416 15,305,835 30.958%
<br />EDA* 169,853 52,522 117,331 15,305,835 0.767%
<br />Bonds 1,206,625 140,403 1,066,222 15,305,835 6.966%
<br />7,150,000 1,228,031 5,921,969 38.691%
<br />2012 ADOPTED LEVY
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General 6,997,150 1,254,486 5,742,664 15,766,875 36.422%
<br />EDA 169,853 52,522 117,331 15,766,875 0.744%
<br />Bonds 1,246, 795 145,077 1,101,718 15,766, 875 6.988%
<br />8,413,798 1,452,085 6,961,713 44.154%
<br />* EDA Proposed Levy Reduction is reflected Under General
<br />Councilmember Elvig's Proposal To bring levy to $7,150,000 12.4% Reduction
<br />2012 County Valuation $ 15,766,875
<br />5% reduction for 2013 $ 14,978,531
<br />TIF 10 Decertifying EST $ 327,304
<br />2013 Valuation $ 15,305,835
<br />!Using all 2013 Budget reductions 3-20-12 & to GET TO A 40% Tax Rate
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