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08-19-24-SWS
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08-19-24-SWS
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8/20/2024 11:21:09 AM
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Page 2 of 4 <br /> <br />balance the budget in 2025. The table below shows the amount the General Fund Budget is <br />underfunded at different tax levy increase amounts. <br /> <br />Tax Levy Increase Underfunded Amount <br />5% $656,872 <br />10% $391,324 <br />13.9% $182,070 <br />17.4% $0 <br /> <br />The preliminary 2025 property value data has not yet been provided by Ramsey County so no <br />projections can be made on our local tax rate at this time. <br /> <br />Wages and Benefits <br />The 2025 preliminary budget is currently being prepared which assumes a 3.0% wage adjustment <br />for all staff and a 4% market adjustment (for non-union employees) in anticipation of the <br />compensation study that will be completed yet this year. Below is a table showing the recent history <br />of approved COLA’s. <br /> <br />Year Non Union IUOE Union <br />2024 <br />2023 <br />3.00% <br />3.00% <br />3.00% <br />3.00% <br />2022 3.00% 3.00% + addition of Fleet Lead <br />2021 2.00% 3.00% <br />2020 3.00% Market adjustment; minimum increase was 5.80% <br />2019 2.50% 2.50% <br />2018 2.10% 2.25% <br /> <br />There is a 10.0% increase assumed for health, a 4.0% increase for dental, and a 0.0% increase for <br />life insurance premiums. The number of positions included in the budget remains unchanged from <br />2024. <br /> <br />Public Safety <br />2025 budget information was received from Ramsey County and the Lake Johanna Fire Department <br />for public safety. <br /> <br />POLICE <br />The police contract is expected to increase by 8.8% or $140,058 for 2025. Information provided <br />by Ramsey County on this increase is as follows: <br /> <br />The major cost drivers include: <br />• Labor contracts and increased costs related to employee health insurance. <br />• Increased costs related to county fees for insurance and administrative overhead/indirect <br />costs. <br /> <br />DISPATCH <br />Dispatch costs will be increasing by 4.5% or $3,180 for 2025. <br /> <br /> <br /> <br />
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