costs was funded by partner cost share funds, grants and bonds. The major, non-tax levy funding included state funding of a TBI repair project in 2012/2013, Clean Water Fund grants for the Green Line, Upper Villa and Allianz Field projects, and bonds in 2013 for capital projects and in 2018 for the new office. During the next 10 years, the District anticipates that it will need to increase its annual levy. The current tax levy is $8.3M in 2020 and the average levy over the next decade is $10.5M. The increase in the District’s tax levy is the direct result of the District’s expanded role in watershed management, specifically facility management and capital improvement projects, and will support the implementation of the activities included in this Plan. The District conducts sound and prudent fiscal management during its annual budgeting and working planning (see Section 3.6), which is based on the District's needs, priorities, and external economic factors. The District evaluates its annual tax levy and property tax impacts as a measure of fiscal responsibility. The District will continue to be sensitive to the economic climate of its partners, businesses, and residents as it sets the annual tax levy. The District will continue to fund nearly all of its administration work, programs, and non-capital projects through its annual tax levy; some additional funding will be raised through permit fees, interest income, and local cost-share funding. Based on estimates of future revenue, capital improvement projects will be funded with approximately 90% annual levy funding and 10% through other revenue including grants, loans, partnership cost-share, and bond proceeds. Small capital improvement projects (less than $250,000) will be financed through the annual levy. If other revenue is less than 10% for capital projects, the District will reduce project expenditures and/or increase the annual tax levy. If other revenue is greater than 10%, the District will consider increasing its fund balance for future projects and/or reducing its levy. The projected average annual capital tax levy is $4.2M, which is 90% of the projected average annual capital expenditure of $4.5M.
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