Question 2 - MILL LEVY ELECTION FIRST RESPONDERS

For the purpose of paying costs of additional City of Bozeman, Montana (the "City") first responders including additional personnel, and operation and maintenance costs of the City police and fire departments, to include related additional police department and fire department equipment, and related public safety costs and expenses, shall the City Commission be authorized to permanently levy up to 48 mills by fiscal year 2030, raising approximately $11,629,400.00 annually? The City would phase in the mill levy described above as follows: beginning in fiscal year 2026, the City would levy up to 9 mills, raising approximately $2,170,800.00 annually; then levy up to 20 mills in fiscal year 2027, raising approximately $4,759,300.00 annually; then levy up to 42 mills in fiscal year 2028, raising approximately $10,215,100.00 annually; then levy up to 45 mills in fiscal year 2029, raising approximately $10,974,400.00 annually; and then would levy permanently the 48 mills commencing in fiscal year 2030. If this mill levy proposition passes, when the full 48 mills are assessed in fiscal year 2030, the property taxes on a home with an assessed market value of $100,000.00 would increase by $64.80, of $300,000.00 would increase by $194.40, and of $600,000.00 would increase by $388.80. An increase in property taxes may lead to an increase in rental costs.