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-Debt Levy: Levy Increase of $1,455,247 <br />A. Contributing Factors of Increase: <br />• *Municipal Center Debt at full levy was reduced by $300,000 in 2022 from debt service <br />funds available (2022 was last year of available debt service funds to offset debt. <br />• **Proposed New Debt for Pavement Management - $1,145,607 Est annual levy for 15 years <br />• Debt Summary: <br />2020 Public Works Campus (2041 last year) <br />2021 Road Improvement Debt (2037 last year) <br />2013 Capital Equipment Certificates (2023 last year) <br />2014 Capital Equipment Certificates (2024 last year) <br />2015 Road Improvement Debt (2025 last year) <br />Muni Center (2031 last year) <br />Fire Station #2 (2033 last year) <br />2016 Road Improvement Debt (2026 last year) <br />2017 Road Improvement Debt (2027 last year) <br />2018 Road Improvement Debt (2028 last year) <br />Total Bonded Debt Levied <br />127,276 <br />1,145,607** <br />75,705 <br />104,438 <br />114,668 <br />1,103,900* <br />281,623 <br />151,108 <br />94,558 <br />108,043 <br />3,306,926 <br />Proposed Budget: $17,027,353 ($14,492,640 2022 final) <br />Major Changes from 2022 Adopted Budget: <br />Revenue: <br />- Property tax: $13,274,709 ($11,655,590 in 2022) <br />- LGA: $0 <br />- Permit Revenue: Increase of $10,500 (electrical inspections) <br />Intergovernmental Revenue: Increase of $202,000 Fire state aid offset by fire payroll expense. <br />- Charges for Services: Increase of $33,000 Engineering billable time. <br />Increase of $2,534,713 <br />Increase of $1,433,230 <br />(increase 17.49%) <br />- Investment Earnings: Decrease of $25,000. Reduced funds to invest. <br />- Transfers In: $1,829,383 ($973,800 in 2022) Increase of $855,583 <br />-Increase in Capital Equipment Requests Non Property Tax Levies: $437,583 <br />pg. 4 <br />