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7.1. SR 12-01-2014
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7.1. SR 12-01-2014
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12/2/2014 3:09:24 PM
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WN mostoci <br />NW <br />Enterprise Funds <br />• Liquor <br />■ Budgeted to transfer out $656,000 <br />■ Sanitary Sewer <br />• Proposed rate increase of 3% <br />• $18M. sewer plant expansion. project <br />■ Garbage <br />■ Proposedno rate change <br />■ Storm Water <br />■ First year of fund <br />Budget Summary <br />Enterprise R Capital Total Exp. & <br />Funds Revenues Expenditures Outlay Ca ital Outla <br />Liquor Fund 6,592,550 6,577,500 0 6,577,500 <br />Sewer Fund 6,292,200 2,573,510 10,575,100 13,445,910 <br />Garbage Fund 1,335,350 1,391,750 0 1,391,750 <br />Storm Water 465,900 615,500 360,000 975,500 <br />State Tax Relief Programs <br />• Homestead Credit Refund — when property taxes exceed <br />a certain percentage of the household's income. <br />• Targeting Property Tax Refund — when ahome has <br />increased by more than 12% over the previous year's tax and if the <br />increase is v er $100. The max refund is $1,000. (no income <br />component) <br />• Senior Citizen Property Tax Deferral Program — <br />qualifying homeowners over age 65 to defer a portion of their <br />property taxes into the future <br />More information at www.revenue.state.mn.us <br />(search: property tax refuna) or (651) 296 -3781 <br />12/02/2014 <br />13 <br />
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