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are about 10 percent less as a percentage of our budget. In fiscal year 2000 reserves were 41.7 ' <br /> percent of the budget and in fiscal year 2005 they are 31.1 percent of the budget. <br /> We are proposing that we cap the rate at $1.27, the same rate as this year. This means <br /> that barring a property reassessment, taxpayers will not pay one cent more to the city next year <br /> than they did this year. The good thing about this plan is that if we leave the rate at $1.27 the <br /> following year we will be able to lower the property tax the year after, something I think that we <br /> all want to see. <br /> POTENTIAL OBJECTORS: Group known as Macon County Shared Vision <br /> STAFF REFERENCE: City Manager Steve Garman at 424-2801 or Ron Neufeld at <br /> 424-2702. <br /> �� <br />