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-Debt Levy: Levy Increase of $239,929 <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) $ 103,144 Ends 2025 <br />Fire Station #2 (2015 Debt Issue) $ 109,213 Ends 2033 <br />Total Debt Levied $ 1,609,736 <br />GENERAL FUND BUDGET: <br />Proposed Budget: $11,197,615 ($10,423,759 in 2015) <br />Major Chances from 2015 Adopted Budtet: <br />Revenue: <br />- Property tax: $8,557,204 ($7,926,570 in 2015) <br />Increase of $773,856 or 7.42% <br />Increase of $630,634 <br />- LGA: $111,305 ($110,350 in 2015) Increase of $955 <br />- Permit Revenue: $447,100 ($417,132) Increase of $29,968 <br />- Charges for Services: $596,700 ($555,700 in 2015) <br />Increase of $41,000 <br />- Interest on Investments: $160,000 ($60,000 in 2015) <br />Based on 2014 rate of return <br />- Transfers In: $892,256 ($962,007 in 2015) <br />A. Decrease mostly attributed to capital equipment funding <br />B.. HRA remaining fund balance in the amount of $230,000 held here <br />Increase of $100,000 <br />Decrease of $69,751 <br />