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Roseville Finance Commission Agenda Item Page 3 of 3 As shown in the graph, the property tax levy is expected to rise from $13.5 million in 2011 to $23.9 million by 2020; an annual increase of 8.6%. These increases are largely driven by capital replacements triggered by the City’s natural development/redevelopment cycle. A significant portion of the City’s infrastructure (streets, park systems, facilities, etc.) were placed in service during the 1970’s and 80’s and has reached the end of its useful life. As a result, the City has moved into a more active asset reinvestment cycle and will likely remain there for the next decade. Impacts on Residents As presented earlier, the City has continued to experience steady and sometimes significant growth in many city functions. Although the City has been able to capitalize on non-local dollars to provide for some of this growth, the majority of it is funded locally. In broad numbers, 60% of the local burden is shared by residential properties and 40% is shared by non- residential. We can break this down further to demonstrate the impact on a typical single-family home. This is depicted in the graph below. As shown in the graph, the impact on a typical single-family home is projected to rise from $92 per month in 2011 to $156 per month in 2020; an annual increase of 7.5%. Again, most of these increases are being fueled by increased investment in capital replacements. Staff Recommendation Not applicable. Requested Commission Action For review purposes only. No formal Commission action is necessary. Prepared by: Chris Miller, Finance Director Attachments: A: Historical Budget & Tax Levy Information Package from May 10, 2016 B: 2011-2020 Governmental Fund Activity Detail C: 2011-2020 Enterprise Fund Activity Detail $- $50 $100 $150 $200 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 City of Roseville Monthly Impact on Homeowners Property Tax Water & Sewer Fees Item #6: Attachment B