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Memo - City Council 2016 Proposed Budget and Tax Levy IV IV 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, no reserves were used for 2014, and $58,305 were used to balance the budget in 2015. The following table provides a historical view of the City’s property tax levies: % Year Tax Levy Change Tax Rate 2002 2,201,002$ -25.092% 2003 2,265,712$ 2.94%23.930% 2004 2,333,337$ 2.98%23.367% 2005 2,440,453$ 4.59%21.299% 2006 2,537,520$ 3.98%20.191% 2007 2,688,944$ 5.97%20.206% 2008 2,797,348$ 4.03%19.585% 2009 2,948,646$ 5.41%20.520% 2010 3,016,465$ 2.30%22.647% 2011 3,040,964$ 0.81%24.180% 2012 3,096,994$ 1.84%25.544% 2013 3,191,230$ 3.04%27.931% 2014 3,257,456$ 2.08%27.954% 2015 3,359,775$ 3.14%27.228% 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 2016 preliminary budget has been prepared assuming a 3% wage adjustment for all staff. Union negotiations will be held this fall as the current contract will end on December 31, 2015 – it is unknown what the results of those negotiations will be. Our health insurance increase will be 6.5% for 2016 and the dental insurance increase is 2.9%. This has a total General Fund increase of $56,614 when including the new salary scale implementation that will continue into 2016. Total overall effect on salaries and benefits is a $101,305 increase over the 2015 budget but this also includes the changes made with the implementation in 2015 of the new compensation plan.