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Finance Commission Minutes <br />July 12, 2016 – Draft Minutes <br />Page 5 of 7 <br /> <br />Chair Schroeder stated Finance Director Miller had prepared 2017 property tax levy scenarios 180 <br />and impacts for the Commission to review and discuss and this should be included in the 181 <br />discussions of the CIP and potential levy increase recommendations. 182 <br /> 183 <br />Finance Director Miller stated the property tax levy represents preliminary discussions the City 184 <br />has had regarding the budget and tax levy projections. He stated these figures do include the 185 <br />projected staff COLA and the additional $160,000 tax levy the Commission had recommended 186 <br />for the CIP. Based on these projections a typical single-family home would experience a 187 <br />combined property tax and utility Fee impact of $80 per year or $6.69 per month. This 188 <br />represents a 5.3% increase over the current year. 189 <br /> 190 <br />Chair Schroeder stated the Commission could look at an overall strategy and what would be a 191 <br />reasonable amount overall. 192 <br /> 193 <br />Finance Director Miller stated various tax levy scenarios and associated impacts are included 194 <br />with the Commissions material for review. 195 <br /> 196 <br />Chair Schroeder stated based on the resident survey the top concerns for the community were 197 <br />high crime and high taxes. 44% of the respondents felt their property taxes were high or 198 <br />extremely high compared to other communities. The survey also reflects the residents desire to 199 <br />invest in infrastructure and make this a priority for spending. 200 <br /> 201 <br />Commissioner Zeller stated the City does need to look at the Golf Course and the best feedback 202 <br />that they could get would be through a referendum and the Commission could recommend this 203 <br />be done before the city moves forward with a new club house. He would not like to recommend 204 <br />a $1 million tax levy increase for something the community does not support. 205 <br /> 206 <br />Finance Director Miller stated the last referendum the City did was in 2002 when City Hall and 207 <br />the Public Works building were remodeled. The City use to have a policy that stated if there was 208 <br />a $3 million or more expenditure proposed it would go to a referendum but the policy is no 209 <br />longer in effect. 210 <br /> 211 <br />Chair Schroeder suggested the Commission put on a future agenda discussion on a policy on 212 <br />when to use referendums for the City Council to review. She suggested Commissioners review 213 <br />the proposed scenarios for the CIP and bring their recommendations to the August 10 214 <br />Commission meeting. She stated there are 4 funding recommendations identified by staff for the 215 <br />CIP and she asked that the Commission review these options for discussion at the August 216 <br />meeting. 217 <br /> 218 <br />Finance Director Miller stated there was surplus money available from a TIF District that would 219 <br />be going away. Staff has had discussions on where they would recommend these funds be used 220 <br />and funding recommendation 2 would be to dedicate $500,000 of these funds towards General 221 <br />Facilities Replacements. 222 <br /> 223 <br /> 224 <br />Item #3: Attachment A