Laserfiche WebLink
2005 <br />The 2005 tax levy increased by $877,291 or 9.0% over the previous year. The increase <br />was attributed to the following: <br />$700,000 to replace the elimination of Local Government Aid (LGA). <br />$252,291 for citywide inflationary impacts including personnel costs (net of the <br />elimination of employee positions). Employee COLA was 2.5%. <br />$125,000 for increased investment in vehicle and equipment replacements. <br />Some of these impacts were reduced by the elimination of employee positions. <br />2006 <br />The 2006 tax levy increased by $531,900 or 5.0% over the previous year. The increase <br />was attributed to the following: <br />$125,000 for additional police dispatch and records management software. <br />$69,000 for an additional police officer position. <br />$100,000 for recreational facility improvements at the Skating Center and Nature <br />Center, and for the City’s share of community gymnasiumoperating costs. <br />$25,000 for added s maintenance costs related to County Road C streetscape <br />improvements. <br />$340,900 for citywide inflationary impacts including personnel costs. Employee <br />COLA was 3.0%. <br />The costs noted above total $659,900. However, the City relied on the use of cash <br />reserves to fund $128,000 of these additional costs. <br />2007 <br />The 2007 tax levy increased by $526,495 or 4.7% over the previous year. The increase <br />was attributed to the following: <br />$128,000 to eliminate the City’s reliance on cash reserves for the General Fund <br />$111,000 for added vehicle replacements and Park Improvement Program. <br />$287,495 for citywide inflationary impacts including personnel costs. Employee <br />COLA was 3.0%. <br />2008 <br />The 2008 tax levy increased by $1,200,000, or 10.3% over the previous year. The <br />increase was attributed to the following: <br />$200,000 for added vehicle and equipment replacements. <br />$80,000 to establish funding for IR2025 initiatives. <br />$25,000 to establish a levy for facility repairs and replacements. <br />$50,000 to establish a levy for information technology equipment. <br />$40,000 for added property/liability insurance <br />$150,000 for citywide inflationary impacts. <br />3 <br /> <br />