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that bill passage we are required to discuss the estimated impacts of the exemption during our budget <br /> presentation on December 2. Also,the tax notices that will go out shortly must report our 2012 <br /> estimated savings had the law been in effect. The 2012 estimated savings would have been allocated as <br /> follows: $87,385 General Fund, $35,760 Enterprise Funds, and $68,796 Capital Project Funds for a total <br /> of$191,941. The Capital Project Funds includes our Equipment Replacement Fund and some public <br /> works expansion expenditures. <br /> The property tax levy is still proposed at $9,929,235, a decrease of 2.42 % from 2013. The proposed <br /> 2014 property tax levy remains lower than the amount levied in 2007. The proposed 2014 tax rate is <br /> expected to decrease from 50.37 to 48.85, or -3.1%. Below is a summary of proposed tax rates for <br /> Sherburne County. <br /> Proposed taxes payable 2014 tax rates (Sherburne County) <br /> Actual Proposed <br /> 2013 2014 %change <br /> Princeton 86.4 78.35 -9.3% <br /> Clear Lake 74.4 84.52 13.6% <br /> Big Lake 55.2 59.99 8.7% <br /> Sherburne County 54.4 55.40 1.8% <br /> Zimmerman 52.2 53.49 2.5% <br /> Elk River 50.4 48.85 -3.1% <br /> East St. Cloud 44.3 45.19 2.0% <br /> Becker 29.6 34.46 16.4% <br /> ISD 728 50.1 51.85 3.6% <br /> 2014 based on maximum levy <br /> Personnel Service <br /> Attached is the spreadsheet with the position requests that are included and excluded from the proposed <br /> 2014 budget. Cost of living adjustment is two percent, outside of union contracts and step increases. <br /> Other Budgets <br /> There are no significant changes to the other budgets from your previous review. They are summarized <br /> below: <br /> Special Revenue Funds: <br /> Library $ 98,650 <br /> Ice Arena $ 1,004,550 <br /> Pinewood $ 249,750 <br /> Landfill $ 121,350 <br /> Storm Sewer $ TBD <br /> Safety $ 33,100 <br /> N:\Public Bodies\Agenda Packets\11-18-2013\Final\Done\x9.3 sr budgetmemo.docx <br />