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Property Tax Levy Options and Discussion Potential Levy Scenarios for 2013 Estimated Impact on Tax Rate & Homeowner Bills Additional Funds to the Change Levy Tax Rate City 2012 - $14,717,438 36.655 2013 0 $14,717,438 39.988 0 1% 2% $15,011,787 40.895 $294,349 3% $15,158,961 41.348 $441,523 4% 5% $15,453,310 42.255 $735,872 6% 7% $15,747,659 43.162 $1,030,221 8% $15,894,833 43.616 $1,177,395 Maintained at 2012 Level & Maintained at 2012 Level + Increased Fire Levy WHAT IF TAX COMPARISON PAY 2012 vs Pay 2013 - Shakopee City FISCAL YEAR 2012 MARKET VALUE TAX 41,988,858 TAX CAPACITY $ 14,717,438 FINAL CERTIFIED LEVY $ 3,347,179,800 Taxable Market Value (155,002) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,482,752,100 Referendum Market Value (6,431,112) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 120,000 CERTIFIED LEVY 35,402,744 NET TAX CAPACITY Tax Rate 36.655% 0.00345% Tax Rate Maintained at 2012 Level FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 14,717,438 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 120,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 39.988% 0.00373% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc/Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $722.26 $ 928.38 $ 206.12 28.8% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 904.96 $ 182.70 25.6% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 858.12 $ 135.86 19.0% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 811.29 $ 89.02 12.5% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 787.87 $ 65.60 9.2% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 764.45 $ 42.18 5.9% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 717.61 $ (4.66) -0.7% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 670.77 $ (51.50) -7.2% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 647.35 $ (74.92) -10.5% 11,260 100% Maintained at 2012 Level + Increased Fire Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 14,717,438 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 150,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 39.988% 0.00466% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $714.92 $ 930.67 $ 215.75 30.2% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 907.20 $ 184.93 25.9% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 860.26 $ 138.00 19.3% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 813.32 $ 91.06 12.7% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 789.85 $ 67.59 9.5% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 766.38 $ 44.12 6.2% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 719.45 $ (2.82) -0.4% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 672.51 $ (49.76) -7.0% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 649.04 _ $ (73.23) -10.2% 11,260 100% 2013 City Tax Impact with increases - updated 8 -23 8/23/2012 Shak - current 2:13 PM 2% Increase Over 2012 Levy & 2% Increase Over 2012 Levy + Increased Fire Levy WHAT IF TAX COMPARISON PAY 2012 vs Pay 2013 - Shakopee City FISCAL YEAR 2012 MARKET VALUE TAX 41,988,858 TAX CAPACITY $ 14,717,438 FINAL CERTIFIED LEVY $ 3,347,179,800 Taxable Market Value (155,002) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,482,752,100 Referendum Market Value (6,431,112) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 120,000 CERTIFIED LEVY 35,402,744 NET TAX CAPACITY Tax Rate 36.655% 0.00345% Tax Rate 2% Increase Over 2012 Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,011,787 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $13,271,340 TAX LEVY OR SPREAD LEVY $ 120,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 40.895% 0.00373% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $722.26 $ 949.23 $ 226.97 31.7% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 925.29 $ 203.02 28.4% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 877.39 $ 155.13 21.7% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 829.50 $ 107.24 15.0% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 805.56 $ 83.29 11.7% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 781.61 $ 59.35 8.3% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 733.72 $ 11.45 1.6% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 685.83 $ (36.44) -5.1% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 661.88 $ (60.39) -8.4% 11,260 100% 2% Increase Over 2012 Levy + Increased Fire Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,011,787 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $13,271,340 TAX LEVY OR SPREAD LEVY $ 150,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 40.895% 0.00466% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $714.92 $ 951.52 $ 236.60 33.1% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 927.52 $ 205.26 28.7% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 879.53 $ 157.27 22.0% +0.01- 5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 831.54 $ 109.28 15.3% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 807.54 $ 85.28 11.9% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 783.55 $ 61.28 8.6% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 735.56 $ 13.29 1.9% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 687.56 $ (34.70) -4.9% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 _ $ 663.57 $ (58.70) -8.2% 11,260 100% 2013 City Tax Impact with increases - updated 8 -23 8/23/2012 Shak + 2% 2:13 PM 3% Increase Over 2012 Levy & 3% Increase Over 2012 Levy + Increased Fire Levy WHAT IF TAX COMPARISON PAY 2012 vs Pay 2013 - Shakopee City FISCAL YEAR 2012 MARKET VALUE TAX 41,988,858 TAX CAPACITY $ 14,717,438 FINAL CERTIFIED LEVY $ 3,347,179,800 Taxable Market Value (155,002) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,482,752,100 Referendum Market Value (6,431,112) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 120,000 CERTIFIED LEVY 35,402,744 NET TAX CAPACITY Tax Rate 36.655% 0.00345% Tax Rate 3% Increase Over 2012 Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,158,961 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $13,418,514 TAX LEVY OR SPREAD LEVY $ 120,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 41.348% 0.00373% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $722.26 $ 959.66 $ 237.39 33.2% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 935.45 $ 213.18 29.8% +5.01- 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 887.03 $ 164.77 23.0% +0.01 - 5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 838.61 $ 116.35 16.3% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 814.40 $ 92.14 12.9% - 0.01 - 5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 790.19 $ 67.93 9.5% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 741.77 $ 19.51 2.7% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 693.35 $ (28.91) -4.0% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 669.14 $ (53.12) -7.4% 11,260 100% 3% Increase Over 2012 Levy + Increased Fire Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,158,961 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $13,418,514 TAX LEVY OR SPREAD LEVY $ 150,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 41.348% 0.00466% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc/Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $714.92 $ 961.94 $ 247.02 34.6% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 937.68 $ 215.42 30.1% +5.01- 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 889.17 $ 166.90 23.3% +0.01 - 5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 840.65 $ 118.38 16.6% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 816.39 $ 94.12 13.2% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 792.13 $ 69.87 9.8% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 - 8.93% $722.26 $ 743.61 $ 21.35 3.0% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 695.09 $ (27.17) -3.8% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 670.83 $ (51.43) -7.2% 11,260 100% 2013 City Tax Impact with increases - updated 8 -23 8/23/2012 Shak + 3% 2:13 PM 5% Increase Over 2012 Levy & 5% Increase Over 2012 Levy + Increased Fire Levy WHAT IF TAX COMPARISON PAY 2012 vs Pay 2013 - Shakopee City FISCAL YEAR 2012 MARKET VALUE TAX 41,988,858 TAX CAPACITY $ 14,717,438 FINAL CERTIFIED LEVY $ 3,347,179,800 Taxable Market Value (155,002) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,482,752,100 Referendum Market Value (6,431,112) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 120,000 CERTIFIED LEVY 35,402,744 NET TAX CAPACITY Tax Rate 36.655% 0.00345% Tax Rate 5% Increase Over 2012 Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,453,310 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $13,712,863 TAX LEVY OR SPREAD LEVY $ 120,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 42.255% 0.00373% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc/Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% 0% $ 195,039 $ 229,881 17.86% $722.26 $ 980.51 $ 258.24 36.1% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 955.77 $ 233.51 32.7% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 906.30 $ 184.04 25.7% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 856.83 $ 134.56 18.8% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 832.09 $ 109.83 15.4% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 807.36 $ 85.09 11.9% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 757.88 $ 35.62 5.0% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 708.41 $ (13.85) -1.9% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 683.67 $ (38.59) -5.4% 11,260 100% 5% Increase Over 2012 Levy + Increased Fire Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,453,310 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $13,712,863 TAX LEVY OR SPREAD LEVY $ 150,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 42.255% 0.00466% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $714.92 $ 982.79 $ 267.87 37.5% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 958.01 $ 235.74 33.0% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 908.44 $ 186.17 26.0% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 858.86 $ 136.60 19.1% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 834.08 $ 111.81 15.6% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 809.29 $ 87.03 12.2% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 759.72 $ 37.46 5.2% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 710.15 $ (12.11) -1.7% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 _ $ 685.36 $ (36.90) -5.2% 11,260 100% 2013 City Tax Impact with increases - updated 8 -23 8/23/2012 Shan + 5% 2:13 PM 7% Increase Over 2012 Levy & 7% Increase Over 2012 Levy + Increased Fire Levy WHAT IF TAX COMPARISON PAY 2012 vs Pay 2013 - Shakopee City FISCAL YEAR 2012 MARKET VALUE TAX 41,988,858 TAX CAPACITY $ 14,717,438 FINAL CERTIFIED LEVY $ 3,347,179,800 Taxable Market Value (155,002) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,482,752,100 Referendum Market Value (6,431,112) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 120,000 CERTIFIED LEVY 35,402,744 NET TAX CAPACITY Tax Rate 36.655% 0.00345% Tax Rate 7% Increase Over 2012 Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,747,659 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $14,007,212 TAX LEVY OR SPREAD LEVY $ 120,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 43.162% 0.00373% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $722.26 $1,001.36 $ 279.10 39.0% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 976.10 $ 253.83 35.5% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 925.57 $ 203.31 28.4% +0.01 - 5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 875.04 $ 152.78 21.4% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 849.78 $ 127.52 17.8% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 824.52 $ 102.25 14.3% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 773.99 $ 51.73 7.2% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 723.47 $ 1.20 0.2% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 698.20 _ $ (24.06) -3.4% 11,260 100% 7% Increase Over 2012 Levy + Increased Fire Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,747,659 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $14,007,212 TAX LEVY OR SPREAD LEVY $ 150,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 43.162% 0.00466% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 °A) Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $714.92 $1,003.65 $ 288.72 40.4% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 978.33 $ 256.07 35.8% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 927.71 $ 205.44 28.7% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 877.08 $ 154.82 21.7% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 851.77 $ 129.51 18.1% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 826.46 $ 104.19 14.6% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 775.83 $ 53.57 7.5% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 725.21 $ 2.94 0.4% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 _ $ 699.89 $ (22.37) -3.1% 11,260 100% 2013 City Tax Impact with increases - updated 8 -23 8/23/2012 Shak + 7% 2:13 PM 8% Increase Over 2012 Levy & 8% Increase Over 2012 Levy + Increased Fire Levy WHAT IF TAX COMPARISON PAY 2012 vs Pay 2013 - Shakopee City FISCAL YEAR 2012 MARKET VALUE TAX 41,988,858 TAX CAPACITY $ 14,717,438 FINAL CERTIFIED LEVY $ 3,347,179,800 Taxable Market Value (155,002) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,482,752,100 Referendum Market Value (6,431,112) FISCAL DISPARITY ( -) $12,976,991 TAX LEVY OR SPREAD LEVY $ 120,000 CERTIFIED LEVY 35,402,744 NET TAX CAPACITY Tax Rate 36.655% 0.00345% Tax Rate 8% Increase Over 2012 Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,894,833 PROPOSED LEVY $ 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) $ 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $14,154,386 TAX LEVY OR SPREAD LEVY $ 120,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 43.616% 0.00373% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc /Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $722.26 $1,011.78 $ 289.52 40.5% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 986.26 $ 263.99 36.9% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 935.21 $ 212.94 29.8% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 884.15 $ 161.89 22.6% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 858.63 $ 136.36 19.1% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 -2.98% $722.26 $ 833.10 $ 110.84 15.5% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 -8.93% $722.26 $ 782.05 $ 59.78 8.4% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 731.00 $ 8.73 1.2% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 _ $ 705.47 $ (16.80) -2.3% 11,260 100% 8% Increase Over 2012 Levy + Increased Fire Levy FISCAL YEAR 2013 MARKET VALUE TAX 39,136,997 Gross Tax Capacity $ 15,894,833 PROPOSED LEVY S 3,070,137,200 Taxable Market Value (147,942) TIF ( -) $ (1,740,447) FISCAL DISPARITY ( -) S 3,216,600,900 Referendum Market Value (6,536,579) FISCAL DISPARITY ( -) $14,154,386 TAX LEVY OR SPREAD LEVY $ 150,000 PROPOSED LEVY 32,452,476 NET TAX CAPACITY Tax Rate 43.616% 0.00466% Tax Rate % EMV Value # of % Taxable Taxable Taxable % Net Net Net Net Range affected of Market Value Market Value Change Payable Payable Change Difference Inc/Dec Properties Total 2012 2013 12 vs 13 2012 2013 12 vs 13 % Change Shakopee +15.01 +% - 0% $ 195,039 $ 229,881 17.86% $714.92 $1,014.07 $ 299.15 41.8% +10.01 - 15.00% 3 0% $ 195,039 $ 224,074 14.89% $722.26 $ 988.49 $ 266.23 37.2% +5.01 - 10.00% 20 0% $ 195,039 $ 212,460 8.93% $722.26 $ 937.34 $ 215.08 30.1% +0.01 -5.00% 112 1% $ 195,039 $ 200,846 2.98% $722.26 $ 886.19 $ 163.93 22.9% No Change 149 1% $ 195,039 $ 195,039 0.00% $722.26 $ 860.61 $ 138.35 19.4% - 0.01 -5.00% 782 7% $ 195,039 $ 189,232 - 2.98% $722.26 $ 835.04 $ 112.77 15.8% -5.01 - 10.00% 3,154 28% $ 195,039 $ 177,618 - 8.93% $722.26 $ 783.89 $ 61.62 8.6% -10.00 - 15.00% 3,038 27% $ 195,039 $ 166,004 - 14.89% $722.26 $ 732.73 $ 10.47 1.5% -15.01% + 4,002 36% $ 195,039 $ 160,197 - 17.86% $722.26 $ 707.16 $ (15.11) -2.1% 11,260 100% 2013 City Tax Impact with increases - updated 8 -23 8/23/2012 Shak + 8% 2:13 PM Increased Possible Sources of Increased Revenue Income Notes/Impacts: 1. Increase charges for FueUCar/Truck Wash @ PW Bldg to cover costs $10,500 Charges would be born by SPUC, County, & School District 2. Increase rates for Com Cntr memberships, facility rentals,registrations, etc. $20,000 Assumes 2%added to current annual revenue of$1 million 3. Initiate Fee Study in 2013 to ensure cost coverage of pernuts/inspections/etc. TBD fees . $30,500 PossibZ�xpenditu�e Reductions: Savin�s Notes/Impacts• Personnel Based: 1. Change from Employee Custodian to contracted services for cleaning buildings $20,000 Requires lay-off of one remaining FT custodian 2. Automate or reassign front desk procedures at City Hall $49,000 Recpetionists laid-off,phones automated, other duties reassigned to existing staff. 5. Employes pay HSA and FSA fees $7,000 Fees of$60 to $117 per year would be shifted to employees. May have to negotiate. Impacts 100+employees. Eliminate City Funds for Community Events 6. Derby Days ` $1,700 OT wages in PW Dept. that are not reimbursed 7. Board& Commission Picnic $1,500 Eliminate Printing/Publication Costs: � , 8. Eliminate City job postings in local newspapers-rely on internet postings $4,000 currently paid for w/Dept. salary savings from open positions g Place Parks&Rec Brochure online instead ofprinting $33,500 Current cost is approx. $13,500 per year, Dept.requesting add'1 $20,000 for'13 11. Place Hometown Messenger online instead of pri.nting. $23,000 12. Eliminate the newspaper subscriptions for City buildings. Go on-line instead. $800 Elimination/Reduction of Recreation Services: 13. Close Teen Center $56,000 Not recommended by PRAB, eliminates PT jobs 14. Close outdoor ice rinks $10,000 The City has 5 outdoor rinks, 2 of which were just recently built. 15. Eliminate Public Access Channel $5,000 Technology Reductions: 15. Reduce cell phone provision to cover only bare minimum costs. $7,500 Reduces ability to contact employees in the field or outside of reg. work hrs. 16. Reduce use of credit cards and elimuiate fees for credit cazds $15,800 This will result in reduction of on-line registration, or require additional fees General Reductions: 17. Promotional Products-Police and Fire to hand out to schools.... $6,000 Stickers &trinkets handed out by police& fire during school presentations, National Night Out, etc. 18. Reduce or eliminate mowing of Upper Valley Drainageway $0 Cost of work($1,311 annually) currently charged to Storm Drainage Fund. Not a . savings to General Fund. Impacts hydrological flow. 19. Eliminate departmental dues to professional organizations $12,000 This would likely make training more expensive as we would pay non-member rates, eliminate a source for job advertising, and reduce access to list-serves and information sharing that a11ow us not to "reinvent the wheel" 20. Discontinue membership in MLC,Metro Cities and/or Suburban Rate $22,000 " Authority ° $274,800