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Table 3 - 1988 Levy at overall levy limit, compared to the <br />1987 actual levy. <br />This should be the minimum levy the City should consider for the <br />1988 budget. Any levy less than this amount is at the discretion <br />of the City Council. <br />1988 $1 ,124,131 <br />1987 $1 ,049,669 <br />$ 74,462 <br />This is a 7.1% increase. <br />Table 4 - 1988 Levy at overall levy limit plus 1988 special _ <br />levies, compared to the 1987 actual levy._ <br />This is the maximum levy that the City can levy for budget year <br />1988. It is not possible for the City to levy for additional <br />funds over and above this amount except for issuing additional <br />general obligation debt service that would be supported by taxes <br />in 1988. <br />1988 $1,179,415 <br />1987 $1 ,049,669 <br />$ 129,746 <br />This is a 12.4% increase. <br />Table 5 - Projected mill rate, at the minimum levy. <br />This mill rate projection is based on estimated assessed value <br />figures received from the County and projected by the City for <br />fiscal disparities distribution and captured tax increment. <br />1988 18.586 <br />1987 17.772 <br />0.814 <br />The difference is 4.62 increase. <br />Table 6 - Projected Mill Rate, Maximum Levy. <br />Again, this is based on the same assumption as used in Table 5. <br />1988 Estimated 19.703 <br />1987 17.772 <br />1.931 <br />This is a 10.9% increase. <br />Currently the overall <br />revenue expenditure budgets <br />for <br />the <br />City <br />are being reviewed <br />by Staff and Commissions <br />and <br />the^ <br />