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2 <br />FINANCIAL IMPACT: The reduction in the County's tax base associated with approval of the <br />exemption applications will result in a reduction of 2007 taxes due to the County, municipalities, <br />and special districts in the amount of 6,769.27. For fiscal year 2007/2008, the total net <br />reduction in revenues is $17,282.49. <br />RECOMMENDATION: The Manager recommends that the above listed applications for <br />2007exemption be approved. <br />