08-25-14-WS - Laserfiche WebLink

Home Browse Search

Memo - City Council 2015 Proposed Preliminary Budget and Tax Levy 3 TAKING A LOOK AT ARDEN HILLS LEVY TAX RATE HISTORY The State of Minnesota has granted local municipalities the authority to levy taxes to fund operations and debt payments. tax levy goes for General Fund expenditures. For the City of Arden Hills, the property tax levy accounts for approximately 79% of the General however, due to the current economic environment $41,201 was used to balance the budget for 2010 and $20,000 was used in 2011, no reserves were used in 2012, $20,454 were used in 2013, and no reserves were used for 2014 property tax levies: і ĻğƩğǣ \[ĻǝǤ/ŷğƓŭĻğǣ wğƷĻ ЋЉЉЋυ ЋͲЋЉЊͲЉЉЋΏЋЎ͵ЉВЋі ЋЉЉЌυ ЋͲЋЏЎͲАЊЋЋ͵ВЍіЋЌ͵ВЌЉі ЋЉЉЍυ ЋͲЌЌЌͲЌЌАЋ͵ВБіЋЌ͵ЌЏАі ЋЉЉЎυ ЋͲЍЍЉͲЍЎЌЍ͵ЎВіЋЊ͵ЋВВі ЋЉЉЏυ ЋͲЎЌАͲЎЋЉЌ͵ВБіЋЉ͵ЊВЊі ЋЉЉАυ ЋͲЏББͲВЍЍЎ͵ВАіЋЉ͵ЋЉЏі ЋЉЉБυ ЋͲАВАͲЌЍБЍ͵ЉЌіЊВ͵ЎБЎі ЋЉЉВυ ЋͲВЍБͲЏЍЏЎ͵ЍЊіЋЉ͵ЎЋЉі ЋЉЊЉυ ЌͲЉЊЏͲЍЏЎЋ͵ЌЉіЋЋ͵ЏЍАі ЋЉЊЊυ ЌͲЉЍЉͲВЏЍЉ͵БЊіЋЍ͵ЊБЉі ЋЉЊЋυ ЌͲЉВЏͲВВЍЊ͵БЍіЋЎ͵ЎЍЍі ЋЉЊЌυ ЌͲЊВЊͲЋЌЉЌ͵ЉЍіЋА͵ВЌЊі ЋЉЊЍυ ЌͲЋЎАͲЍЎЏЋ͵ЉБіЋА͵ВЎЍі In 2009 the LJFD duty crew implementation began, while 2010 and 2011 saw the unallotment of the MVHC to cities. The City Council has been very conservative in budgeting and has reduced department budgets or used reserves to deal with the increased costs of our contracted services while still maintaining services the last few years. OPERATING BUDGET Salary and Benefits The 2015 preliminary budget is currently being prepared assuming a 2% wage adjustment for non-union staff and a 1.5% wage adjustment for union staff. In surveying surrounding communities most have included a 1.5% - 3.0% COLA increase in their preliminary estimates. The results from the City Council authorized market and pay equity study should be available before the Council approves the final budget. This assumption has a total effect on the General Fund of $21,167.