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SUBJECT: EXPLORATION OF POTENTIAL NEW REVENUE SOURCES - CAPITAL <br />DATE: MAY 15, 2025 <br />The City of Louisville falls approximately in the middle of benchmarked jurisdictions <br />PROPERTY TAXES / MILL LEVIES: <br />The City of Louisville levies the following mills. <br />• General Operating Mill 5.184 <br />• Recreation Center Debt Mills 1.375 <br />Total 6.559 <br />Table 2: City Mill Comparison Chart <br />City Mills - Benchmarks <br />25 23.5 <br />20 <br />17.274 <br />15.873 15.137 <br />15 13.627 <br />10 <br />5 <br />0 <br />13.42 13.382 <br />11.648 <br />6.559 <br />3.92 <br />Qc J`° <br />�O 0 •ckO`� 4O� <br />While the City is on the low end of the benchmarked mills it is important to consider that <br />certain Cities operate Fire Departments (Jamestown, Lafayette, Longmont and Boulder), <br />the City of Louisville does not provide Fire Services but is instead served by the Louisville <br />Fire Protection District, which levies a separate mill. Refer to Table 3 for a comparison of <br />City and Fire District Mills combined. <br />FINANCE COMMITTEE COMMUNICATION <br />1 0/1 07 <br />