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<br />2014 Recommended Tax Levy (excluding debt service)
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<br />Program Description Amount
<br />s
<br />t
<br />Compensation Study – 2.6% Adjustment to be implemented January 1 $ 104,565
<br />s
<br />t
<br />Compensation Study – 2.0% Adjustment to be implemented July 1 40,215
<br />Park Maintenance Full-time Park Maintenance Operator position 60,000
<br />Police Patrol Additional overtime 10,000
<br />Police Community Services New American outreach materials 1,000
<br />N/A Unallocated 3,115
<br />Wellness Program Budget Reduction (20,000)
<br />Total $ 198,895
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<br />Tax Levy and Impact on Homeowners
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<br />A summary of the tax levy impact on homeowners based on the Recommended Budget is presented
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<br />below. In an effort to provide added insight not only on the 2014 Budget but also future budgets, a 7-
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<br />year projection of the tax levy is shown below. The 7-year period coincides with the same period
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<br />referenced in the recommendations set for the by the City Council and CIP/Budget Committee.
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<br />Proposed Tax Levy & Estimated Impact
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<br />Levy Purpose20132014201520162017201820192020
<br />Operations (a)12,543,826$ 12,742,721$ 13,540,003$ 13,946,203$ 14,364,589$ 14,795,526$ 15,239,392$ 15,696,574$
<br />Capital (b)1,586,000 1,586,000 1,796,000 2,106,000 2,266,000 2,761,000 2,961,000 3,611,000
<br />Debt (c)3,140,000 3,700,000 3,480,000 3,330,000 3,330,000 3,055,000 2,995,000 2,230,000
<br />Total17,269,826$ 18,028,721$ 18,816,003$ 19,382,203$ 19,960,589$ 20,611,526$ 21,195,392$ 21,537,574$
<br />$ Levy Increase- 758,895$ 787,282$ 566,200$ 578,386$ 650,938$ 583,866$ 342,182$
<br />% Levy Increase- 4.4%4.4%3.0%3.0%3.3%2.8%1.6%
<br /> -
<br />% Increase7.3%5.0%3.4%3.4%3.7%3.2%1.8%
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<br />2014 Property Tax Impact
<br />:
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<br />Under the 2014 Recommended Budget, the monthly impact on a median-valued home
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<br />will be $4.47 per month. Only $0.83 of this amount is for day-to-day operations. The
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<br />remaining is for debt service.
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<br />In total, a median valued home will pay approximately $65 per month in property
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<br />taxes. This is comparable to what that same home will pay independently for gas,
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<br />electric, mobile phone, and internet connectivity.
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<br />This 7-year tax levy projection demonstrates that the City is nearing a period of
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<br />stability that will allow for inflationary-type increases moving forward in order to
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<br />maintain current service levels. However, if the Council establishes new programs or
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<br />initiatives, additional taxes will be likely.
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