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h <br />City of Orono <br />Tax Levy Limit Calculation <br />For 2000 <br />Tax Levies 1999 2000 <br />Adjusted Levy Limit Base for Payable 2000 <br />> Implicit Price DeOator [Mar.99/Mar.98] <br />+ Household Growth Index [I998/I997J <br />+ Adj for Pay 1999 M.V. of new C/I constr <br />Adjusted Levy Limit Base for Payable 2000 <br />(I.0I5) <br />(1.006) <br />(1.0) <br />$2,215,959 <br />33,239 <br />13,495 <br />0 <br />2,262,694 <br />• 2000HACA <br />• 2000 Local Performance Aid (LPA) <br />Payable 2000 Overall Levy Limitation <br />+ Tax Levy for Bonded Debt for Budgeted Year <br />Total Tax Levy Limit for Budget Year 2000 <br />(309,551) <br />(9,277) <br />1,943,866 <br />419,700 <br />$2,363,566 <br />Total Levy (under) Levy Limit for 2000 <br />Comments. <br />Increase <br />(Decrease) <br />$$ Increase <br />$147,607 <br />* Based on National Estimates, as provided by MN Department of Revenue-Aud’tor and Treasury Services (Rich Gardner 296-3155). <br />** based on (Unadjusted Tax Levy Base * Implicit Price Deflator) * Household Growth Index. <br />A-3 <br />Percent <br />Change <br />General $1,771,430 $1,858,410 $86,980 4.91% <br />PIR Infrastructure-Storm Sewer 45,000 45,000 0 0.00% <br />PIR Infrastructure-Roads 35,450 35,450 0 0.00% <br />Parks - Land Acquisition and Development 5,000 5,000 0 ~ <br />Sewer & Water Bonds • <br />1995 (1989) Water Refunding Bonds 100,000 75,000 (25,000)-25.00% <br />1992 G.O. Bonds 45,000 45,000 0 0.00% <br />1995 (1985) Refunding Bonds 30,000 15,000 (15,000)-50.00% <br />1997 G.O. Bonds 10,000 15,000 5,000 50.00% <br />1991 Public Facilities Bonds 250,000 250,000 0 0.00% <br />1999 Improvement Bonds 0 19,700 19,700 N/A <br />Total $2,291,880_$2,363^560 $71,680 3.13% <br />% Increase <br />6.66%