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EDA FUND: <br />Maximum Levy Per Statutes: $327,574 (.0001813 X $1,806,808,800 Assessors Market <br />Value-2013 Legislative Change) <br />Calculates into 2014 Levy Limits of $7,482,518 <br />Proposed Budget: $136,739 <br />Proposed Levy: $136,739 <br />Major Changes from 2013 Adopted Budget: <br />-Economic Development Manager funded 34% (20% in 2013) <br />HRA FUND: <br />Maximum Levy Per Statutes: $334,260 (.000185 X $1,806,808,800 Assessors Market <br />Value-2013 Legislative Change) <br />Does Not calculate into 2014 Levy Limits of $7,482,518 <br />Proposed Budget: $207,802 <br />Proposed Levy: $207,802 <br />Tax Effect on Home Valued at $200,000 — $25.39 <br />Major Changes from 2013 Adopted Budget: <br />- Economic Development Manager funded 46% (60% in 2013) <br />- Does not include funding for legal expenses in COR if issues arise <br />Prior to Preliminary Budget/Levy Adoption in September: <br />- Staff to determine budget cuts in the amount of $156,493 to reach levy limits <br />- Possible Use of Anoka County HRA funds to fund EDA/HRA budgets: Approximately <br />$220,000 available from annual county levy. <br />