2013_0718_packet - Laserfiche WebLink

Home

Recommendations How Much More Do We Need? 2014 to 2020 In total, the City’s asset replacements needs over These increases total $955.000 in additional levy increases and $1,295,000.00 in repurposed bonds. The the next 20 years is $203 million. In contrast, total increase is $2,250,000.00 by 2020. the City expects to collect only $134 million over YearAmount Fund / Division Description 2014$ 75,000 Information SystemsAdd additional tax levy that same time period based on current funding 2014200,000 General FacilitiesAdd additional tax levy for skating center 2015160,000 Pavement Management ProgramRepurpose levy from Street Bond issue #25 levels. This leaves a funding gap of $69 million 2016160,000 Park Improvement ProgramAdd additional tax levy or approximately $3 million per year. 2016150,000 Pavement Management ProgramRepurpose levy from Street Bond issue #23 2017160,000 Pavement Management ProgramAdd additional tax levy 2018335,000 General FacilitiesRepurpose levy from Arena Bond issue #28 2018160,000 Pavement Management ProgramAdd additional tax levy 2019200,000 Pavement Management ProgramAdd additional tax levy 2020650,000 Park Improvement ProgramRepurpose levy (partial) from Bond issue #27 Where Does That Money Go? Exactly How Much Is That For Me? 2014 to 2020 Over the past two years, resident taxes and fees have increased by approximately 32%. Previous 2012 Recommendations: Facilities, Oval: $200,000.00 This has added the necessary $3 million per year required Information Technology: $ 80,000.00 for the debt service on the bonds for the New Fire Facilities, general: $335,000.00 Station and the Parks Renewal Program, funds for Parks (PIP) $810,000.00 vehicles and equipment replacement, street lighting, Pavement (PMP $830,000.00 and some facility funding as well as funding to bring water and sewer utilities to a sustainable level. Additional Funding Needs for Sustainability: Pathways: $180,000.00 We need that amount one more time. Parks (PIP) $250,000.00