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City of Elk River Levied Levied Levied Preliminary
<br />Tax Levy Pay 2017 Pay 2018 Pay 2019 Pay 2020
<br />General Fund 9,969,250$ 10,497,800$ $11,187,400 $12,605,900
<br />Library 53,650 54,000 66,000 69,000
<br /> General Property Tax Levy 10,022,900 10,551,800 11,253,400 12,674,900
<br />Special Levies:
<br /> 2010 GO CIP Bonds 368,030 369,500 470,130 619,920
<br /> Economic Development Tax Abatement 172,840 142,530 160,235 138,550
<br /> Government Building Reserve - - 55,000 21,685
<br /> Lake Orono Dredging - - - 100,000
<br />Total Levy 10,563,770$ 11,063,830$ 11,938,765 $13,555,055
<br />General Fund Change from Previous Year 372,400$ 528,550 689,600 $1,418,500
<br />Percentage Change from Previous Year 3.9%5.3%6.6%12.7%
<br />Total Dollar Change from Previous Year 392,037$ 500,060$ 874,935 $1,616,290
<br />% Change 3.9%4.7%7.9%13.5%
<br />Note: This will be adjusted as we go thru the budget process and do updates.
<br />NTC Value 22,868,723$ 24,046,382$ $26,006,616 $27,436,000 *County Estimate - May
<br />Tax Rate 46.193%46.010%45.907%49.406%
<br />% Increase in NTC 3.8%5.15%8.15%5.50%
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