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9/3/2019 11/4/2019
<br />City of Elk River Levied Preliminary Preliminary
<br />Tax Levy Pay 2019 Pay 2020 Pay 2020
<br />General Fund $11,187,400 $12,160,300 $11,938,300
<br />Library 66,000 69,000 69,000
<br /> General Property Tax Levy 11,253,400 12,229,300 12,007,300
<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 $13,087,770 $12,865,770
<br />General Fund Change from Previous Year $689,600 $972,900 $750,900
<br />Percentage Change from Previous Year 6.6%8.7%6.7%
<br />Total Dollar Change from Previous Year $874,935 $1,149,005 $927,005
<br />% Change 7.9%9.6%7.8%
<br />NTC Value $26,006,616 $27,917,994 $27,917,994
<br />Tax Rate 45.907%46.879%46.084%
<br />% Increase in NTC 8.2%7.3%7.3%
<br />Levy Reductions
<br />Revenues:
<br /> Police State Aid 25,000
<br /> Fire State Aid 10,000 Expenditure offset
<br /> State reimb - Pres. primary 21,000 Expenditure offset
<br /> Police services 5,000
<br /> Recreation fees 6,000
<br /> Transfer - Utilities 169,000
<br />Expenditures:
<br /> Personal Services -
<br /> Admin 8,600
<br /> Elections 21,000 Revenue offset
<br /> Fire (19,000)
<br /> Fire - State aid 10,000 Revenue offset
<br /> Fuel adjustment (11,000)
<br />Total Levy Reductions ($222,000)
<br />2020 PRELIMINARY TAX LEVY
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