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General Property Tax Levy <br />Pros <br />Cons <br />• <br />Equitable - tied to value <br />• <br />Levy limits <br />• <br />Tax deductible <br />• <br />High impact to <br />commercial /industrial <br />• <br />Hold elected accountable <br />• <br />Property values fluctuate <br />• <br />More transparent <br />Solutions <br />■ Dedicate portion of General Fund by Charter <br />■ Increase levy to phase out franchise fees over time <br />