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5% General Fund Levy Increase (CM Heineman's Proposal) With $1.9M Road levy (Average needed) I
<br />Use for Preliminary
<br />Levy 9-28-21- OPTION 1 County #'s &TIF 8 add back ($350,000) = 9.6% in
<br />County #'s Estimated
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General 11,712,590 * 1,747,636 9,964,954
<br />30,936,731 32.211%
<br />30,936,731 6.142%
<br />30,936,731 0.207%
<br />30,936,731 5.116%
<br />Road Levy 1,900,000 ** 1,900,000
<br />EDA 75,360 *** 11,236 64,124
<br />Bonds 1,860,101 **** 277,341 1,582,760
<br />Total Levy 15,548,051 ***** 2,036,213 13,511,838
<br />43.676%
<br />approx .85% to tax cap rate)
<br />* Levy increase of 5.00% over 2021 adopted - $557,742 increase
<br />***** Total Levy increase of 19.51% over 2021 adopted -$2,538,243 increase
<br />** Road Levy = 17.03% over 2021 General Fund levy of $11,154,848
<br />**EDA Levy constant with 2021 adopted
<br />***Muni Debt reduced by $300,000 to debt service fund balance - 2022 Only (would add
<br />5% General Fund Levy Increase (CM Heineman's Proposal) With 15% road levy (CM Heinemans Proposal)
<br />Use for Preliminary
<br />Levy 9-28-21- OPTION 2 County #'s &TIF 8 add back ($350,000) = 9.6% in
<br />County #'s Estimated
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General 11,712,590 * 1,747,636 9,964,954
<br />30,936,731 32.211%
<br />30,936,731 5.409%
<br />30,936,731 0.207%
<br />30,936,731 5.116%
<br />Road Levy 1,673,227 ** 1,673,227
<br />EDA 75,360 *** 11,236 64,124
<br />Bonds 1,860,101 **** 277,341 1,582,760
<br />Total Levy 15,321,279 ***** 2,036,213 13,285,065
<br />42.943%
<br />* Levy increase of 5.00% over 2021 adopted - $557,742 increase
<br />***** Total Levy increase of 17.77% over 2021 adopted -$2,311,471 increase
<br />** Road Levy = 15% over 2021 General Fund levy of $11,154,848
<br />**EDA Levy constant with 2021 adopted
<br />***Muni Debt reduced by $300,000 to debt service fund balance - 2022 Only (would add approx .85% to tax cap rate)
<br />5% General Fund Levy Increase Only
<br />County #'s &TIF 8 add back ($350,000) = 9.6% in
<br />County #'s Estimated
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General 11,712,590 * 1,747,636 9,964,954
<br />30,936,731 32.211%
<br />30, 936, 731 0.000%
<br />30,936,731 0.207%
<br />30,936,731 5.116%
<br />Road Levy ** -
<br />EDA 75,360 *** 11,236 64,124
<br />Bonds 1,860,101 **** 277,341 1,582,760
<br />Total Levy 13,648,051 ***** 2,036,213 11,611,838
<br />37.534%
<br />approx .85% to tax cap rate)
<br />* Levy increase of 5.00% over 2021 adopted - $557,742 increase
<br />***** Total Levy increase of 17.77% over 2021 adopted -$2,311,471 increase
<br />**EDA Levy constant with 2021 adopted
<br />***Muni Debt reduced by $300,000 to debt service fund balance - 2022 Only (would add
<br />2021 Adopted
<br />5.31%
<br />County #'s Estimated
<br />Certified Fiscal Disp Local Levy Taxable Value Tax Capacity
<br />General 11,154,848 * 1,655,238 9,499,610 28,227,332 33.654%
<br />EDA 75,360 ** 11,182 64,178 28,227,332 0.228%
<br />Bonds 1,779,600 *** 264,070 1,515,530 28,227,332 5.369%
<br />Total Levy 13,009,808 1,930,490 11,079,318
<br />39.251%
<br />PW Campus, & Fund Balance from CARES Fund Bak
<br />I
<br />* Levy increase of 4.53% over 2020 adopted
<br />**EDA Levy reduced by $13,000 per EDA 8/13/20
<br />***Muni Debt reduced by $362,300 to debt service fund balance, $2Minternal loan for
<br />***Fire Station Debt Reduced by $93,000 from closed debt service fund in 2019
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