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• Add the General Fund savings of$9,580 to the <br /> Highway 371 Fund for future maintenance and <br /> improvements. <br /> With the above changes, the City's preliminary general <br /> revenue tax levy will remain at $1,581,823 which equates <br /> to a 3% increase. This will decrease the City's tax rate <br /> from 57.118% to 56.473% which is a 0.645% decrease. <br /> Also, the City's taxable tax capacity increased by $108,824 <br /> for payable 2017. <br /> Council Action Requested: Council motion accepting the <br /> proposed changes to the 2017 Preliminary Budget and <br /> directs Staff to present this updated information at the <br /> December 6th Truth in Taxation Council Meeting. <br />