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Agenda - Council Work Session - 06/09/2020
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Agenda - Council Work Session - 06/09/2020
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3/17/2025 1:49:53 PM
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6/16/2020 12:09:57 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
06/09/2020
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Road Funding Options: Franchise Fee and/or Additional Property Tax Levy <br />Average Road Funding Required: <br />Franchise Fee Funded: <br />$ 1,943,758 (Reimburse Spec. Assess: $50,000 annual est) <br />100% Property Tax Funded: $ 1,893,758 <br />Total Total FF <br />Franchise Franchise Fees Additional & Additional Tax <br />Fee* Generated Tax Levy Tax Levy Rate <br />$5/per utility <br />$10/mo <br />$ 1,471,860 <br />$ 475,000 <br />$ 1,946,860 <br />41.364% <br />$6/per utility <br />$12/mo <br />$ 1,695,708 <br />$ 250,000 <br />$ 1,945,708 <br />40.525% <br />$7/per utility <br />$14/mo <br />$ 1,926,084 <br />$ <br />$ 1,926,084 <br />39.592% <br />100% Property <br />Tax <br />$ <br />$ 1,893,758 <br />$ 1,893,758 <br />45.757% <br />*Reflects Residential Rates. Commercial will be based on meter size <br />Tax Rate History: <br />2020 39.592% <br />2019 40.354% <br />2018 41.730% <br />2017 42.455% <br />2016 43.315% <br />Unknowns: <br />PW Campus Debt Levy <br />Capital Equipment Debt? <br />2021 Operating Budget <br />
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