Issue 7 is a Four Mil Operating Levy for the City of Eastlake, Ohio. This presentation describes the reasons Eastlake is asking for this levy to pass.

1. CITY OF EASTLAKEISSUE 74 MILL LEVY PRESENTATION

2. The following slide shows the expected decreases in reimbursements from State of Ohio. Note the City expected to receive $2,359,373 at the beginning of this year and this amount will decrease to $910,490 starting in 2013. A decrease of over $1.4 million dollars.

4. In addition to the decrease in State reimbursements, the following slide shows the continuing decline in property values which results in a decline in tax revenues available to the City.

6. The following slide shows how the City’s General Fund Revenues have declined from 2006 to the current year, over $1.9 million dollars.

8. The following slide show the General Fund Expenses. Note, from 2009, expenses have have been cut over $1 million dollars.

10. The following slide shows that since the year 2000, the City has eliminated 42 of the 157 jobs that existed in January 2000. If the levy is not passed, the number of employees are expected to decrease to under 100.

12. The following slide shows that currently, the residents of Eastlake pay the least amount of Real Estate Taxes than any of the surrounding communities. If the levy is passed, only the residents of the City of Willoughby will pay less than Eastlake residents.

14. The following slides shows that while a home owner of a $100,000 home pays almost $1,800 in Real Estate Taxes, only 9.5% or $170 actually goes to the City. The fact remains that the City has not increased the millage on your Real Estate Taxes since 1982.

16. The following slide shows how much the levy will actually cost. Note, use the bottom table if you qualify for the homestead deduction. The homestead deduction is available to all residents 65 year and older. If you qualify, but do not receive this deduction, call the Lake County Auditor’s Office at 350-2500.

18. The following slide shows that for only $10 a month (on a $100,000 home), the City will be able to maintain the services listed.

20. If you have any questions on the Levy, please call any of the following individuals: Mayor Ted Andrzejewski 951-1416 ext 102 Finance Director Michael Slocum 951-1416 ext 127 Council President Dennis Morley 951-3934 Council Vice President Joe D’Ambrosio 946-4861 Councilwoman Laura DePledge 946-6466 Councilman Ken Hoefle 946-8417 Councilman David Knuchel 946-0698 Councilwoman Donna Vaughn 942-0679