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. � �/ <br /> i MEMORANDUM <br /> To: Mayor and City Council <br /> From: Ron Olson, Finance Director <br /> Date: April 13, 2010 <br /> Subject: Decreasing Values and the Tax Rate <br /> Decreasing property values do not impact the City's ability to set the tax levy at a level needed <br /> to fund operations. The decreased values will impact the City's tax rate. Staff has prepared the <br /> following information in order to demonstrate the impact of the decreasing property values on <br /> the tax rate. <br />