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Summary Tax Levy Impacts by COA Comparison <br />COA Annual <br />Cost <br />($) <br />Levy <br />Increase <br />(%) <br />Tax Rate <br />Increase <br />(Percentage <br />Points) <br />Tax <br />Impact <br />on $250K <br />Home <br />Tax <br />Impact on <br />$546K <br />Home <br />(Median) <br />Tax <br />Impact <br />on $1M <br />Home <br />Tax <br />Impact <br />on $2M <br />Home <br />A. $981,272 20.56% 3.61 $84 $178 $406 $856 <br />B. $727,876 15.25% 2.67 $62 $132 $301 $635 <br />C. $1,307,976 27.41% 4.81 $112 $238 $541 $1141 <br />Note: all three COAs result in Orono still having the lowest tax rate in the area. <br />8.Recommendations. I recommend that Orono develop a method / policy for funding both road <br />reconstruction and maintenance in time to be included in the 2016 budget process. The method must <br />include a dependable source of resourcing in order to allow for predictability and advanced planning. <br />Request: <br />Discussion and direction on how to provide reliable funding for the City’s streets as part of the 2016 and <br />beyond budget processes. <br />6 Page 8 of 49