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SUBJECT: PRELIMINARY ASSESSED VALUATION <br />DATE: SEPTEMBER 19, 2022 PAGE 2 OF 2 <br />The following chart summarizes the history and projections of the City's property tax <br />revenue and total mill levies. These amounts are included in the City Manager's <br />Recommended 2023-2024 Biennial Budget and the 2023-2028 Long -Term Financial Plan <br />that will be presented on September 20, 2022. <br />s,o00,000 <br />7,OOo,000 <br />6,004,000 <br />S,o00,000 <br />4,000,000 <br />3.044.00u <br />z000,000 <br />�000,000 <br />Property Tax Revenue (Excludes URD) <br />Reduction due to End <br />Increase Results from 17% Increase in of Library Debt Service <br />NetAssessed Valuation and Mil Levy Mil Levy Impact of <br />Increase from 6.710 to S.969 for Marshall Fire. <br />Recreation CenterRonds. Netof I <br />Reduction in RAR from 7.95% to 7.20N - <br />Increase Results from <br />17% Increase in Net <br />Assessed Valuation ; <br />200E 2009 2010 2011 2412 2013 2014 2015 2016 2017 2019 2019 2020 2021 2022 2023 2024 2025 M' <br />6-.IProp" Tax Revenue Mil Levy <br />CITY COUNCIL COMMUNICATION <br />E <br />