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<br />
<br />8/19/2019 9/3/2019
<br />City of Elk River Levied Preliminary Preliminary
<br />Tax Levy Pay 2019 Pay 2020 Pay 2020
<br />General Fund $11,187,400 $12,178,300 $12,160,300
<br />Library 66,000 69,000 69,000
<br /> General Property Tax Levy 11,253,400 12,247,300 12,229,300
<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 - -
<br /> Lake Orono Dredging - 100,000 100,000
<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 Year 6.6%8.9%8.7%
<br />Total Dollar Change from Previous Year $874,935 $1,167,005 $1,149,005
<br />% Change 7.9%9.8%9.6%
<br />NTC Value $26,006,616 $27,917,994 $27,917,994
<br />Tax Rate 45.907%46.944%46.879%
<br />% Increase in NTC 8.2%7.3%7.3%
<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 RiverFest 6,500
<br />Govt. Bldg. Reserve (21,685)
<br />Total Levy Reductions ($449,285)(18,000)
<br />2020 PRELIMINARY TAX LEVY
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