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A more detailed presentation concerning property tax levy strategies will be discussed at the <br /> Monday council meeting; and final decisions can be postponed until the City Council acts on the <br /> final levy ordinance in December; however, at some point the governing body will need to 1) <br /> select the property tax levy option strategy they are most comfortable with, and 2) determine <br /> whether they want to temporarily decrease pension payments for the coming year to avoid <br /> shorting the General Fund in the 2021 budget. <br /> The option analysis attached assumes that the city's aggregate EAV will increase by just one <br /> percent (1%);that annexations made in 2020 will add$2,660,000 to the total EAV; and that <br /> taxable new construction will add $5,214,750 to the total EAV.These are not significant <br /> additions to an estimated citywide EAV of$832,843,703. But a conservative approach to this <br /> estimating and projection process is appropriate in the current economic circumstances. <br />