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As shown above, the tax levy is scheduled to increase by 3.6% in 2015. If we exclude the amount set
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<br />aside to eliminate the use of cash reserves, the increase would be 2.7%.
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<br />For a median-valued home that experiences an 11% valuation increase (citywide average), the tax
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<br />impact will be $6.54 per month, an increase of 10%. If we exclude the amount set aside to eliminate
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<br />the use of cash reserves, the impact would be $5.78 per month or 9%.
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<br />A Summary of the 2015 Tax Levy by Fund is presented below
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<br />2015 Tax Levy Summary
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<br />$ Increase% Increase
<br />Fund / Program20142015(Decrease)(Decrease)
<br />Operations
<br />General Fund Programs10,432,506$ 10,912,700$ 480,194$ 4.6%
<br />Parks & Recreation - Programs1,055,215 1,041,930 (13,285) -1.3%
<br />Parks & Recreation - Maintenance1,020,000 1,208,420 188,420 18.5%
<br />Pathways & Parking Lots Maintenance150,000 155,000 5,000 3.3%
<br />Boulevard Landscaping60,000 60,000 - 0.0%
<br /> 13,378,05012,717,721 660,329 5.2%
<br />Vehicles & Equipment Replacements
<br />General Vehicle Replacements725,000 665,000 (60,000) -8.3%
<br />General Equipment Replacements549,000 549,000 - 0.0%
<br />IT Equipment Replacement200,000 250,000 50,000 25.0%
<br /> 1,464,0001,474,000 (10,000) -0.7%
<br />Facility Improvements
<br />General Facility Replacement47,000 122,000 75,000 159.6%
<br /> 122,00047,000 75,000 159.6%
<br />General Infrastructure Improvements
<br />Park Improvement Program40,000 40,000 - 0.0%
<br />Pavement Management Program- 160,000 160,000 n/a
<br />Street Lighting Replacement25,000 15,000 (10,000) -40.0%
<br /> 215,00065,000 150,000 230.8%
<br />Debt Service
<br />Street Replacement310,000 150,000 (160,000) -51.6%
<br />City Hall, PW (Begin '04)825,000 765,000 (60,000) -7.3%
<br />Ice Arena ('09)355,000 355,000 - 0.0%
<br />Fire Station, Park Renewal I ('13)835,000 835,000 - 0.0%
<br />Park Renewal Phase II-A ('13)815,000 815,000 - 0.0%
<br />Park Renewal Phase II-B ('14)560,000 560,000 - n/a
<br /> 3,480,0003,700,000 (220,000) -5.9%
<br />Total Levy18,003,721$ 18,659,050$ 655,329$ 3.640%
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<br />2015 Preliminary Budget
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<br />The 2015 Budget as currently amended is $52,045,290. The Budget for the tax-supported programs is
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<br />$26,055,340, an increase of $1,332,055 or 5.4% including capital-related expenditures. If we exclude
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<br />capital items, the spending increase is only $608,485 or 2.5%.
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<br />Spending increases in the tax-supported programs is detailed below and in Attachment D.
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