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2022PROPOSEDTAXLEVY
<br />CityofElkRiverLeviedLeviedLeviedProposed
<br />TaxLevyPay2019Pay2020Pay2021Pay2022
<br />GeneralFund$11,187,400$11,938,300$12,315,000$13,109,300
<br />Library66,00069,00071,50075,950
<br />GeneralPropertyTaxLevy11,253,40012,007,300$12,386,50013,185,250
<br />SpecialLevies:
<br />2020B(2010A)GOCIPRefundingBonds470,130619,920618,870602,650
<br />EconomicDevelopmentTaxAbatement160,235138,55098,45097,800
<br />GovernmentBuildingReserve55,000
<br />LakeOronoDredging100,000
<br />TotalLevy$11,938,765$12,865,770$13,103,820$13,885,700
<br />GeneralFundChangefromPreviousYear$689,600$750,900$376,700$794,300
<br />PercentageChangefromPreviousYear6.6%6.7%3.2%6.4%
<br />TotalDollarChangefromPreviousYear$874,935$927,005$238,050$781,880
<br />%Change7.9%7.8%1.9%6.0%
<br />NTCValue$26,006,616$27,823,086$29,409,713$31,680,771
<br />TaxRate45.907%46.241%44.556%43.830%
<br />%IncreaseinNTC8.2%7.0%5.7%7.7%
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