LEVY TO INCREASE BY 11.3%
EXPENDITURES BY 6.37%

According to Victoria Finance Direc-tor Jylan Johnson, the city portion of the property tax will only increase for 2008 if the property valuation as determined by the Carver County Assessor increases.
Victoria City Councilmembers adopt-ed the following tax levy. 

LEVY PROPOSED FOR 2008
General Fund Levy                        $3,175,284
Field House Levy            $509,553
Diethelm Park Land Lease                $90,000
G.O. Equipt Cert. of '04             $65,048
G.O. Imp. Bonds of '02                $8,501
G.O. Imp. Bonds of '04           $110,044
G.O. Imp. Bonds of '06           $180,269
TOTAL CERTIFIED LEVY        $4,138,699

The total levy is a 11.3% increase over the levy for pay 2007.  It requires an additional $422,000 in tax dollars.  Coun-cilmembers adopted the following 2008 General Fund Operating Budget.

BUDGET PROPOSED FOR 2008
General Fund Operating Revenues
General Fund Property Tax          $3,160,366
Licenses and Permits                      $274,798
Inter-Governmental Revenue         $107,986
Charges for Services                       $276,654
Fines               $13,900
Miscellaneous Revenue             $20,000
TOTAL REVENUES              $3,853,704

General Fund Operating Expenditures
General Government
Mayor/Council                             $16,467
Administration                           $487,787
Finance                             $186,783
Elections                                             $12,712
Professional Services           $277,189
Planning and Zoning           $194,163
Government Building             $29,490
TOTAL General Gov't        $1,204,591

Public Safety
Police/Sheriff                                   $289,678
Fire Protection                                 $274,411
Bldg Inspection Dept.           $246,367
Civil Defense                                      $40,600
Animal Control                                         $700
TOTAL Public Safety             $851,756

Public Works
General Maintenance/Streets        $826,717
Snow Removal                                   $19,000
Street Lighting                                    $57,500
Signal Lights                                         $2,800
Composting                                           $3,738
TOTAL Public Works             $909,755

Parks and Recreation
Recreation activities                          $47,906
Appropriation to Field House            $15,875
Park and Recreation                        $245,570
TOTAL Parks & Rec            $309,351

Miscellaneous                       $485,249
TOTAL EXPENDITURES          $3,760,704

Increase to Gen. Fund Reserve        $93,000
TOTAL BUDGET                     $3,853,704

According to the Finance Director , the city anticipates revenue in 2008 from 35 new single family home permits next year plus 40 new townhome permits in addition to roughly 2,100 existing prope-rty tax statements, and other sources of revenue.  Overall expenditures are pro-posed to increase by $230,520 or 6.37%.

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