As we are right now

When you review the document Operating Surplus/Deficit without Increased PD & Gate Taxes, you will see that:

• The Gate tax of $75/year has not changed since it was established in 2006.
• The Police tax of $80/year has not changed since it was established in 1996.
• Due to the insufficient funding of the police and gate tax, there is an operational deficit of $130, 911 in 2022. By 2041 this becomes $769710
• The Reserve Fund falls below its required balance in 2029
• In 2033 the Ending Fund Balance is $170,569 in the red, and the General Fund is insolvent.

Model 1 - The $100 Gate $180 Police tax model

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The model shown above indicates that with a modest increase to $100 per parcel for the Gate and $180 for the Police Department (77¢ per day), both become sustainable for 20 years, with some General Funds used to make up the difference between special tax revenues and operations expenses.

Model 2 - The $165 Gate and $300 Police tax model

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With a more significant increase, this model comes out to about $1.20 per day in increases. This model is similar to the one above in that it would not fully fund the departments but would be sustainable for 20 years. The difference is that this model would restore and strengthens the General Fund reserve.