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17 2023 Preliminary Tax Levy & Budget <br />18 The 2023 Preliminary Budget & Tax Levy approved September 26, 2022 called for a city tax levy of <br />19 $26,515,884, an increase of $1,650,340 or 6.64% over last year. <br />20 <br />21 Since September 26, the City Manager has made revisions to decrease the tax levy for the final adoption <br />22 on December 5, 2022. These revisions have included the following: <br />23 Removed $30,000 for Recreation Assessment (will be deferred until 2024) <br />24 Increased State Aid Intergovernmental Revenues by $20,000 <br />25 Removed $10,000 increase in Finance Equipment Fund <br />26 Reduced $4,000 in Fire Department (Telephone and Emergency Management Training) <br />27 Reduced $5,000 in Administration Miscellaneous expenses <br />28 Reduced $10,000 in Attorney professional services costs <br />29 Reduced $25,500 in Public Works Administration (reduced intern and adjusted for new PW <br />30 Director) <br />31 <br />32 The city tax levy is now at $26,411,384, an increase of $1,545,840 or 6.22% over last year. <br />33 <br />34 A median-valued single-family home of $335,400 will pay approximately $1,211 annuallyin property <br />35 taxesor $100.90 per month. This is an increase of $108 annually ($9.00 per month). In exchange, <br />36 residents receive; 24 x 7 x 365 police and fire protection, well-maintained streets and parks, street lighting, <br />37 and other services. <br />38 <br />39 The following table describes the different factors resulting in the increase in the 2023 city tax levy: <br />40 <br />41 <br />Investment to Maintain City Programs and Workforce <br />New Tax Levy Support <br />Personnel Cost Impacts on Tax Levy <br />7 positions reclassified based on job duties$ 116,622 <br />New Police & Fire Department Cadet positions$ 66,660 <br />New Sustainability Specialist $ 33,443 <br />Employee Steps & COLA compensation adjustments$ 846,679 <br />Park and Rec Seasonal Pay & Police Intern adjustments$ 161,472 <br />FD Advanced Life Support adjustments$ 70,141 <br /> Tax levy impact from personnel adjustments$ 1,295,017 <br />Inflationary Costs for Supplies, Operations, <br />and Contracts $ 250,823 <br />Total New City Tax Levy Support$ 1,545,840 <br />42 <br />43 <br />44 Property owners of a median-valued home willsee a decrease inproperty taxes through the EDA levy. <br />45 There will also be increases in utility fees to cover increased costs. The combined impact on a median- <br />46 valued single family home is depicted in the table below. <br />47 <br />Page 2 of 3 <br /> <br />