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City of Elk River Levied Preliminary Proposed
<br />Tax Levy Pay 2020 Pay 2021 Pay 2021
<br />General Fund $11,938,300 $12,522,100 $12,315,000
<br />Library 69,000 71,500 71,500
<br /> General Property Tax Levy 12,007,300 $12,593,600 12,386,500
<br />Special Levies:
<br /> 2010A GO Public Safety Building Bonds 619,920 618,870 618,870
<br /> 2012A GO Public Works Building Bonds - 200,000 200,000
<br /> Economic Development Tax Abatement 138,550 98,450 98,450
<br /> Government Building Reserve - - -
<br /> Lake Orono Dredging 100,000 - -
<br />Total Levy $12,865,770 $13,510,920 $13,303,820
<br />General Fund Change from Previous Year $750,900 $583,800 $376,700
<br />Percentage Change from Previous Year 6.7%4.9%3.2%
<br />Total Dollar Change from Previous Year $927,005 $645,150 $438,050
<br />% Change 7.8%5.0%3.4%
<br />NTC Value $27,823,086 $29,456,247 $29,456,247
<br />Tax Rate 46.241%45.868%45.165%
<br />% Increase in NTC 7.0%5.9%5.9%
<br />Levy Reduction
<br />Revenues:
<br /> Transfer - Multipurpose Facility $140,000
<br />Expenditures:
<br /> Personal Services -
<br /> IT - Phased retirement (38,400)
<br /> Various - new hire savings (22,200)
<br /> Supplies - computers (6,500)
<br />Total ($207,100)
<br />2021 PROPOSED TAX LEVY
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