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3)f FMP Draft Proposed Levies Tax Rates and Projections 9-7-2022DRAFT Proposed 2023 Budget 9/7/2022 Budget Proposed Projected Levy by Type 2022 2023 2024 2025 2026 2027 37 General Fund Operating Tax Levy 1,583,000 1,759,213 1,769,563 1,826,024 1,934,247 1,969,283 46 2013 Certificates 67,000 63,977 - 48 2017 Certificates 34,524 49 2018 GO Bonds 344,531 342,536 345,634 343,166 340,541 343,009 50 Local road improvement debt levy - 212,012 212,012 212,012 212,012 616,605 51 Capital improvement debt levy - - - - - - 52 Equipment replacement debt levy - - 98,474 98,474 196,947 279,419 53 Park Improvement 20,000 20,000 30,000 30,000 40,000 30,588 54 Equipment Replacement 87,800 80,000 64,000 145,000 100,000 22,153 55 Local Road Improvement 216,860 140,231 492,560 240,441 100,000 100,000 59 General Capital Improvement 217,336 457,166 373,385 457,789 493,936 122,714 60 EDA 8,000 9,200 8,000 8,000 8,000 8,000 61 Total Other Special Levies 996,051 1,325,122 1,624,065 1,534,882 1,491,436 1,522,486 62 Total Tax Levy 2,579,051 3,084,335 3,393,628 3,360,907 3,425,683 3,491,770 63 Increase/(Decrease) in Total Tax Levy 7.76% 19.59% 10.03% -0.96% 1.93% 1.93% 64 Less: Fiscal Disparities (210,933)123,297 (121,842) (121,842) (121,842) (121,842) 65 Net Levy to Taxpayers 2,368,118 3,207,632 3,271,786 3,239,065 3,303,841 3,369,928 67 Total Net Tax Capacity 7,903,617 10,365,452 10,572,761 10,467,033 10,676,374 10,889,901 68 Tax Rate on Tax Capacity 30.945% 30.945% 30.945% 30.945% 30.945% 30.945% 69 Tax Rate % Change 0.42228% 0.00% 0.00% 0.00% 0.00% 0.00% 70 Diff 0.130% 0.000% 0.000% 0.000% 0.000% 0.000% 71 Total Tax Base Increase 2% 31% 2% -1% 2% 2% CITY OF SCANDIA Financial Management Plan Draft Proposed 2023 Levies, Tax Rates and Projections DRAFT Proposed 2023 Budget 9/7/2022