 TAX LEVY |
After arriving at an expenditure budget, the City estimates all revenue amounts available, such as state aids, charges for services, fines, permits, special assessments, interest and other income. Deducting this income from the total expenditures gives us the amount of tax levy to be collected from property owners in the City. The following is a schedule showing the breakdown of the 2008 final levy as compared to the final levy of 2007.
Levy Purpose |
2008 Net Levy |
2007 Net Levy |
Net Change |
| General Fund | $2,714,951 |
$2,486,493 |
$228,458 |
| Library Fund | 372,830 |
325,565 |
47,265 |
| Flood Control Fund | 6,000 |
6,000 |
0 |
| Parkland Fund | 78,500 |
78,500 |
0 |
| Contingency Fund | 35,000 |
25,000 |
10,000 |
| Port Authority Fund | 65,000 |
45,000 |
20,000 |
| Fireman's Relief Fund |
12,817 |
12,577 |
240 |
| Debt Service Funds | 1,318,471 |
1,239,615 |
78,856 |
| TOTAL | $4,603,569 |
$4,218,750 |
$384,819 |
