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2020 PRELIMINARY TAX LEVY
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<br />8/19/20199/3/2019
<br />City of Elk RiverLeviedPreliminaryPreliminary
<br />Tax LevyPay 2019Pay 2020Pay 2020
<br />General Fund$11,187,400$12,178,300$12,160,300
<br />Library 66,00069,00069,000
<br /> General Property Tax Levy 11,253,400 12,247,30012,229,300
<br />Special Levies:
<br /> 2010 GO Public Safety Building Bonds 470,130619,920619,920
<br /> Economic Development Tax Abatement 160,235138,550138,550
<br /> Government Building Reserve 55,000 - -
<br /> Lake Orono Dredging -100,000100,000
<br />Total Levy$11,938,765$13,105,770$13,087,770
<br />General Fund Change from Previous Year$689,600$990,900$972,900
<br />Percentage Change from Previous Year6.6%8.9%8.7%
<br />Total Dollar Change from Previous Year$874,935$1,167,005$1,149,005
<br />% Change7.9%9.8%9.6%
<br />NTC Value$26,006,616$27,436,000$27,436,000 *County Estimate - May
<br />Tax Rate45.907%47.769%47.703%
<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 /> Workers' comp(24,500)
<br /> Elk RiverFest6,500
<br />Govt. Bldg. Reserve(21,685)
<br />Total Levy Reductions($449,285)(18,000)
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