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<br />CITY OF ORONO
<br />TAX LEVIES
<br />ACTUAL 2003 vs PROPOSED 2004
<br />TAX LEVYCOl.I.F.CTIULE INCREASE PERCENT
<br />TAX LEVIES 2003 2004 (DECREASE)CHANGE
<br />General $2,509,684 (a)$2,509,684 (a)$0 0.00%
<br />Infrastructure (PIR)35,450 35,450 0 0.00%
<br />Park Land Acquisition and Development 5,000 5,000 0 0.00%
<br />Total Levy Subject to Levy Limit 2,550.134 2,550,134 0 0.00%
<br />Market Value Credit Lost To State of Minn.(54.410) (a)(54.410) (a)0 -0.00%
<br />2004 Add Back - 60% .)f MVCr & LG A Reductions -0- (a)38,216 (a)38,216 na
<br />Total Levy Limit, Net of Market Value Credit Loss 2,495,724 2,533,940 38,216 1.53%
<br />Special Levies:
<br />General Fund - PERA Rate Increases 4,980 (a)5,540 (a)560 11.24%
<br />General Fund - COPS Grant Decrease 14.786 (a)I4.7Q0 (a)4 0.03%
<br />General Fund - Capital Equipment Cert.75,000 (a)83,000 (a)8,000 10.67%
<br />Imp & Equip Outla> • Capital Equip Cert -0-125,000 125,000 na
<br />1992 Improvement Bond Debt Service 45,000 0 (45,000)-100.00%
<br />1997 Improvement Bond Debt Service 15,000 18,000 3,000 20.00%
<br />1999 Improvement Bond Debt Service 15,500 5,000 (10,500)-67.74%
<br />2000 Improvement Bond Debt Service -0--O-0 0.00%
<br />2003 Imp Refunding Bond Debt Service -0-35,000 35,000 na
<br />1998 HRA Refunding Bond Debt Service 250,000 250,000 0 0.00%
<br />Fire Facility and Equipment Bond Debt Service 128,000 73,250 (54,750)
<br />TOTAL SPECIAL LEVIES 548,266 609,580 61,314 II.18%
<br />TOTAL TAX LEVIES FOR ALL PURPOSES $3,043,990 $3,143,520 $99,530 3.27%
<br />NOTE! Levy limits were relnstitutcd by the 2001 Legislature.
<br />Total General Fund 2.550,040 tal 2,596,820 (a)46,780 1.83%
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