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<br />9/17/2018
<br />City of Elk River Levied Maximum Final Optional
<br />Tax Levy Pay 2018 Pay 2019 Pay 2018 Final Pay 2018
<br />General Fund $10,497,800 $11,242,400 $11,187,400 $11,187,400
<br />Library 54,000 66,000 66,000 66,000
<br /> General Property Tax Levy 10,551,800 11,308,400 11,253,400 11,253,400
<br />Special Levies:
<br /> 2010 GO CIP Bonds 369,500 470,130 470,130 470,130
<br /> Economic Development Tax Abatement 142,530 160,235 160,235 160,235
<br /> Government Building Reserve 55,000
<br />Total Levy $11,063,830 $11,938,765 $11,883,765 $11,938,765
<br />General Fund Change from Previous Year 744,600 689,600 689,600
<br />Percentage Change from Previous Year 7.1%6.6%6.6%
<br />Total Dollar Change from Previous Year 874,935 819,935 874,935
<br />% Change 7.9%7.4%7.9%
<br />Note: This will be adjusted as we go thru the budget process and do updates.
<br />NTC Value $24,046,382 $26,257,399 $26,257,399 $26,257,399
<br />Tax Rate 46.01 45.467 45.259 45.467
<br />Adjustments:
<br />Health insurance - various depts.101-XXXX-4108 (17,000)
<br />Fire - WC insurance 101-2320-4109 (5,000)
<br />IT - equip. repair/maint.101-1350-4404 (7,000)
<br />Engineering - sr. project engineer position 101-3300-41XX (10,000)
<br />Streets - office asst./maintenance positions 101-3120-41XX (16,000)
<br />Expenditure Reductions (55,000)
<br />11/5/2018
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