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Long -Term Financial Plan — Sales Tax Revenue Assumptions <br />As previously stated, the projected decline in sales tax revenue for 2020 has been set at 13% below 2019. The <br />recovery projections show a return to 2019 revenue totals by approximately 2023. Annual growth after 2023 is <br />set at 3.5%. <br />25, 000, 000 <br />20,000,000 <br />15,000,000 <br />10,000,000 <br />5,000,000 <br />Sales Tax Revenue <br />Recreation CenterTax <br />(D.15%) Effective <br />Includes Significant One -Time <br />Audit Revenue (5%of Total) <br />Historic Preservat' Implementation of Consumer <br />Tax (0.125%) se Tax Effective 2011 <br />Effective 20D4 - ! <br />200E 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 <br />_.i Nominal/Current Dollars An nu al Percent of Change <br />Long -Term Financial Plan — Property Tax Revenue Assumptions <br />The City has received its final 2020 assessed valuation amounts from the Boulder County Assessor. The 2020 <br />assessed valuation determines the amount of property tax revenue that will be received in 2021. <br />The City of Louisville's total net assessed valuation increased from $674,831,240 in 2019 to $706,320,493 in <br />2020. Net assessed valuation refers to the gross assessed valuation less the Urban Revitalization District's <br />increment amount. This increase in the net assessed valuation calculates to a 4.7% increase in property tax <br />revenue for 2021 over 2020. <br />The City currently levies a total of 7.934 mils with two separate mil levies: <br />1. A 5.184 mil General Levy; and <br />2. A 2.750 mil Recreation Center Debt Service Levy. <br />This same 7.934 total mil levy is projected through 2026. <br />4 <br />