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Increase of $40,000 <br />-Debt Levy: Levy Increase of $177,391 <br />A. Contributing Factors of Increase: <br />1. Fire Station #2 & 2015 Road Funding Debt <br />2. Debt Summary: <br />Fire Station #1 $ 147,420 Ends 2016 <br />2013 Capital Equipment Certificates $ 74,505 Ends 2023 <br />Municipal Center $ 1,072,013 Ends 2031 <br />2014 Capital Equipment Certificates $ 103,441 Ends 2024 <br />Garnet & Overlays Road Debt (2015 Debt <br />Issue) $ 40,606 Ends 2025 <br />Fire Station #2 (2015 Debt Issue) $ 109,213 Ends 2033 <br />Total Debt Levied $ 1,547,198 <br />IGENERAL FUND BUDGET: <br />Proposed Budget:. $10,999,109 ($10,423,759 in 2015) <br />Major Changes from 2015 Adopted Budget: <br />Revenue: <br />- Property tax: $8,543,940 ($7,926,570 in 2015) <br />- LGA: $111,305.($110,350 in 2015) <br />Increase of $575,350 <br />Increase of $617,370 <br />Increase of $955 <br />-Permit Revenue: $447,100 ($417,132) <br />Increase of $29,968 <br />- Charges for Services: $596,700 ($555,700 in 2015) <br />Increase of $41,000 <br />- Interest on Investments: $100,000 ($60,000 in 2015) <br />Based on 2014 rate of return <br />-Transfers In: $795,014 ($962,007 in 2015) <br />Decrease mostly attributed to capital equipment funding <br />Decrease of $166,993 <br />