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Budget Levy Memo - 12/1/2009 <br />Page 2 of 5 <br />--------------------------------------- - - - - -- <br />`-- • 10 -13 -09 Special Council Meeting: Budgets were once again reviewed by the <br />Council. The Council directed staff to try to cut another 5% to 6% from <br />department budgets. <br />OR <br />• 11 -3 -09 Council Meeting: Staff provided additional budget cuts which the Council <br />reviewed. Following this meeting, the Council made further cuts in an effort to <br />keep tax levy general fund expenditures even with 2009. This resulted in a Levy <br />of $1,446,000 ( -1.94% decrease from 2009). <br />----==------------ - - - - -- <br />The chart below shows how the proposed levy (Tax Generated column) affects <br />the City's tax rate for 2010. The City has two taxing districts. Even though the <br />proposed 2010 levy is less than the 2009 levy, both tax districts will see a tax <br />rate increase. ` <br />2010 PROPERTY TAX LEVY - $1,446,000 <br />2009 PROPERTY TAX LEVY - $1,474,000 <br />(for comparison purposes) <br />TAX DISTRICT <br />NET TAX <br />CAPACITY <br />TAX RATE <br />TAX <br />GENERATED <br />TAX RATE <br />TAX DISTRICT <br />NET TAX <br />TAX RATE <br />TAX <br />PERCENTAGE <br />32.507% <br />CAPACITY <br />Total <br />GENERATED <br />INCREASE FROM <br />1,474,000 <br />2009 <br />General <br />1,292,004 <br />67.345% <br />870,096 <br />2.331% <br />Rural Service <br />1,710,320 <br />33.672% <br />575,904 <br />1.165% <br />Total <br />3,002,324 <br />1,446,000 <br />2009 PROPERTY TAX LEVY - $1,474,000 <br />(for comparison purposes) <br />TAX DISTRICT <br />NET TAX <br />CAPACITY <br />TAX RATE <br />TAX <br />GENERATED <br />General <br />1,346,033 <br />65.014% <br />875,108 <br />Rural Service <br />1,842,352 <br />32.507% <br />598,892 <br />Total <br />3,188,385 <br />1,474,000 <br />GENERAL FUND BUDGET EXPENDITURES (Comparison to 2009) <br />• Council — Decrease of $60 <br />• Clerk — Decrease of $5,890 <br />