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2008 PROPOSED FINAL GENERAL FUND LEVY <br /> AND HRA LEVY FOR <br /> THE CITY OF PEQUOT LAKES <br /> The City's proposed general fund levy for 2008 is $1,458,000. This is an increase of <br /> $98,000 which equates to a 6.72% increase in the levy from 2007. This increase is <br /> based on the proposed general fund budget for 2008 of$1,767,840, which is an <br /> increase of 7.78% from the 2007 budget. <br /> The chart below shows the City's tax rate for 2008. The City has two taxing districts. <br /> Both districts will see a tax rate decrease. <br /> 2008 GENERAL FUND PROPERTY TAX LEVY - $1 ,458,000 <br /> TAX RATE <br /> TAX DISTRICT NET TAX TAX RATE TAX PERCENTAGE <br /> CAPACITY GENERATED DECREASE <br /> FROM 2007 <br /> General 1,349,684 66.748% 900,886 -5.893% <br /> Rural Service 1,669,306 33.374% 557,114 -2.946% <br /> Total 3,018,990 1,458,000 <br /> 2007 PROPERTY TAX LEVY - $1,360,000 <br /> (for comparison purposes) <br /> TAX RATE <br /> TAX DISTRICT NET TAX TAX RATE TAX PERCENTAGE <br /> CAPACITY GENERATED INCREASE/DECREASE <br /> FROM 2006 <br /> General 998,067 72.641% 725,002 -8.442% <br /> Rural Service 1,403,964 36.320% 509,924 -4.222% <br /> Annexation 171,954 72.737% 125,074 1.337% <br /> Total 2,573,985 1,360,000 <br /> 2008 HRA PROPERTY TAX LEVY - $31 ,000 <br /> YEAR LEVY AMOUNT <br /> 2006 $27,280 <br /> 2007 $29,800 <br /> 2008 $31,000 <br />