6. 2018 Final Levy Impact SpreadsheetCITY OF CHANHASSEN
2018 Budget
2017 2018 Dollar Percent
OPERATIONAL & CAPITAL LEVY Levy Levy Change Change
General Fund $8,468,631 $8,704,333
Capital Replacement Fund (for equipment)800,000 800,000
Revolving Imp Street Reconstruction 384,838 384,838
Pavement Mgmt Fund (Sealcoating)93,000 93,000
Total Operational & Capital Levy 9,746,469 9,982,171 235,702 2.42%
DEBT LEVY
Public Works Facility 596,700 470,400
Library Referendum 451,952 461,297
Total Debt Levy 1,048,652 931,697 (116,955) -11.15%
TOTAL TAX LEVY $10,795,121 $10,913,868 $118,747 1.10%
Scenario #1 Scenario #2 Scenario #3
Levy Levy Levy
Taxes applied to:General Fund $8,734,333 $8,704,333 $8,654,333
Capital Replacement 800,000 800,000 800,000
Pavement Mgmt 93,000 93,000 93,000
Revolving Imp St Recon 384,838 384,838 384,838
Total Levy subject to levy limits $10,012,171 $9,982,171 $9,932,171
Library Referendum $461,297 $461,297 $461,297
Public Works Building 470,400 470,400 470,400
Total $10,943,868 $10,913,868 $10,863,868
Tax Generation Capacity (Not actual levy, Used only for estimating the impact on the average home)
Prior Year $10,795,121 $10,795,121 $10,795,121
New Construction (1.10%)$118,747 $118,747 $118,747
Total Capacity $10,913,868 $10,913,868 $10,913,868
Percent Change (To avg home city prop tax) after New Growth 0.27%0.00%-0.46%
Assumes the average home in Chanhassen of $340,000 and approx 4.20% valuation increase
Staff recommendation for final Levy
TAX LEVY