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Fund/Need 2022
<br />2023
<br />2024
<br />Totals by
<br />Funding Type
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />Total
<br />Need
<br />$1,947,029.00 $1,996,029.00 $1,987,029.00 $1,795,129.00 $2,109,869.00 $1,942,464.00 $2,279,533.00 $1,981,813.00 $1,773,400.00 $17,812,295.00
<br />FF
<br />Tax Levy
<br />$1,900,000.00
<br />$1,900,000.00
<br />$1,900,000.00
<br />$1,900,000.00
<br />$1,900,000.00
<br />$1,900,000.00
<br />$1,900,000.00
<br />$1,900,000.00
<br />$1,900,000.00
<br />$17,100,000.00
<br />$1,749,801.00
<br />$1,837,291.05
<br />$1,929,155.55
<br />$2,025,613.20
<br />$2,126,893.80
<br />$2,233,238.40
<br />$2,344,900.20
<br />$2,462,144.25
<br />$2,585,251.35
<br />$19,294,288.80
<br />Above
<br />The City of Ramsey Pavement Management Fund-9435 outlines the future
<br />project cost for the Pavement Management Improvements plus rebates.
<br />These projects are listed from 2021-2030. Outlined above are the listed total
<br />of those projects and rebates for the years 2022-2030.
<br />You will also see listed the total revenues gained via the Franchise Fee and
<br />the Tax Levy which will be illustrated below.
<br />Year
<br />Tax Capacity
<br />If 15% increase
<br />Total
<br />Generated
<br />Below
<br />The City of Ramsey has on average increase the General Tax Levy by 7.5%
<br />from 2014 to 2021. If the city sticks to a 5% average increase from
<br />2022-2030 we will still generate enough excess revenue with the addition of
<br />the 15% increase to pay for the CIP projects with a surplus.
<br />In addition, although 2022 and 2023 will run short of the $1.9 Million the
<br />difference will be covered by the fund balance resulting in a stronger 2030
<br />fund balance total than the Franchise Fee.
<br />7.5% Average Increase
<br />5% Average Increase
<br />2014
<br />2015
<br />2016
<br />20171
<br />2018
<br />2019
<br />2020
<br />2021
<br />$7,272,007.00 $7,961,871.00 $8,261,529.00 $8,685,635.00 $9,361,993.00 $9,902,044.00 $10,625,932.00 $11,109,848.00
<br />15%
<br />$1,090,801.05
<br />15%
<br />$1,194,280.65
<br />15%
<br />$1,239,229.35
<br />15%
<br />$1,302,845.25
<br />15%
<br />$1,404,298.95
<br />15%
<br />$1,485,306.60
<br />15%
<br />$1 593 889.80
<br />15%
<br />$1 666 477.20
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />$11,665,340.00 $12,248,607.00 $12,861,037.00 $13,504,088.00 $14,179,292.00 $14,888,256.00 $15,632,668.00 $16,414,295.00 $17,235,009.00
<br />15% 15%
<br />1749801
<br />1837291.05
<br />15% 15%
<br />1929155.55
<br />2025613.2
<br />15% 15%
<br />2126893.8
<br />2233238.4
<br />15% 15%
<br />15 °A°
<br />2344900.2 2462144.25 2585251.35
<br />2022
<br />2023
<br />2024
<br />2025
<br />2026
<br />2027
<br />2028
<br />2029
<br />2030
<br />$1,947,029.00 $1,996,029.00 $1,987,029.00 $1,795,129.00 $2,109,869.00 $1,942,464.00 $2,279,533.00 $1,981,813.00 $1,773,400.00
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