Laserfiche WebLink
3 For comparison purposes, the following table depicts the current 2011 Property Tax Levy Summary.- <br />34 <br />Program / Function <br />Public Safety,, Streets,, Admin,, Legal,, & Finance <br />Levy Amount <br />M <br />Parks & Recreation <br />2, 213,924 <br />Pathway and Boulevard Maintenance <br />2 1 OPOOO <br />Building Maintenance & Information Systems <br />75 ,POOO <br />Debt Service <br />1,4 0 PO O <br />@ $,600000 <br />2.4O <br />Total <br />14,703PO44] <br />It should be noted that the City has already made significant on-going budget reductions over the past <br />several years. Since 2004, the City eliminated or held vacant 10 employee positions in the core service <br />areas of public safety, public works, parks & recreation, finance, and administration. This represents a <br />staffing reduction of 10% in programs that residents have historically rated as a high priority, and resulted <br />in budget savings of $,605,000 annually. <br />During this same timeframe, the City also reduced supplies and materials, and monies set aside for vehicle <br />and infrastructure replacements. <br />1-+ <br />Properly Tax Impact, <br />As noted above,, the combined total of the decision packages is $,643,000. The following chart depicts the <br />monthly property tax impact on a median valued home in Roseville based on varying tax levy increases. <br />Monthly Property Tax Increase <br />For a Median Valued Home <br />Current Amount $, 51.78 <br />Additional Levy.- <br />@ $,250,000 <br />1.00 <br />@ $3 fl <br />1.20 <br />@ $,400000 <br />1.60 <br />@ $5 fl <br />2.0O <br />@ $,600000 <br />2.4O <br />@ $700flOO <br />2.80 <br />@ $,800000 <br />3.20 <br />As the table indicates a levy increase of $,250,000 will result in a monthly impact of $,I- a $,500,000 <br />�p I <br />increase will result in an impact of $,2 per month, and so on. Under all of these property tax increase <br />scenarios,, the City's local tax rate would remain 25% - 26% below the average for peer communities in the <br />metro area. <br />These increases are necessary to fulfill the capital infrastructure goals and objectives identified in the <br />Imagine Roseville 2025 process and 20-Year Capital Investment Plan (CIP), as well as maintain the highly- <br />rated services identified in the 2011 Citizen Survey. <br />Page 2 of 3 <br />