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<br />7/29/2019 8/19/2019
<br />City of Elk River Levied Preliminary Preliminary
<br />Tax Levy Pay 2019 Pay 2020 Pay 2020
<br />General Fund $11,187,400 $12,605,900 $12,178,300
<br />Library 66,000 69,000 69,000
<br /> General Property Tax Levy 11,253,400 12,674,900 12,247,300
<br />Special Levies:
<br /> 2010 GO Public Safety Building Bonds 470,130 619,920 619,920
<br /> Economic Development Tax Abatement 160,235 138,550 138,550
<br /> Government Building Reserve 55,000 21,685 -
<br /> Lake Orono Dredging - 100,000 100,000
<br />Total Levy $11,938,765 $13,555,055 $13,105,770
<br />General Fund Change from Previous Year $689,600 $1,418,500 $990,900
<br />Percentage Change from Previous Year 6.6%12.7%8.9%
<br />Total Dollar Change from Previous Year $874,935 $1,616,290 $1,167,005
<br />% Change 7.9%13.5%9.8%
<br />NTC Value $26,006,616 $27,436,000 $27,436,000 *County Estimate - May
<br />Tax Rate 45.907%49.406%47.769%
<br />Levy Reductions
<br />General Fund:
<br /> Capital outlay (260,500)
<br /> Personal Services -
<br /> Recreation (65,500)
<br /> Sr. Citizen Programs (41,000)
<br /> Code Enforcement (25,000)
<br /> Planning (17,500)
<br /> Police (18,100)
<br />Govt. Bldg. Reserve (21,685)
<br /> Total Levy Reductions ($449,285)
<br />PRELIMINARY TAX LEVY
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