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Page 2 of 4 2013 Preliminary Tax Levy 21 The preliminary tax levy for 2013 is $17,319,826, an increase of $2,357,532 or 15.8%. Much of the 22 increase can be attributable to prior Council decisions or contractual obligations. The increase can be 23 categorized as follows: 24 Pre-existing Obligations 25 26 Description Amount Debt service on Park Renewal bonds $ 980,000 Debt service on Fire Station bonds 670,000 Police and Fire Dispatch 31,611 Fire Relief Pension Obligation 45,000 Total $ 1,726,611 27 Items included in the Original 2012/2013 Biennial Budget 28 29 Description Amount Employee 2% COLA 110,000 Employee Wage Step increases 105,000 Employee pension contributions 21,837 Healthcare Premium increases 55,000 Inflationary increases on supplies, maintenance, etc. 64,084 Total $ 355,921 30 CIP Subcommittee Recommended Items 31 32 Description Amount Equipment replacement 85,000 IT Equipment replacement 75,000 Street Light replacement 25,000 Total $ 185,000 33 New Considerations 34 35 Description Amount Human Resources Information System 40,000 Implement Compensation Study results 50,000 Total $ 90,000 36 Based on the preliminary tax levy, a median-value d home would pay $5.18 per month more in 2013 than 37 they did in 2012. Each of these cate gories was reviewed in greater detail in the form of decision packages 38 at the October 15, 2012 Council meeting. 39 40 For each $100,000 reduction in the tax levy increase, th ere will be a savings of $0.41 per month for a 41 median-valued home. 42 43 The Council has also adopted a preliminary HR A Levy of $698,471, an increase of $344,971. This is 44 expected to have an added impact of $1.28 per month for a median-valued home. 45 2013 Preliminary Budget 46