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2023 ESTIMATED Budget Impact on Median-Valued Home (monthly) <br />20222023$ Chg.% Chg. <br />Property Tax Levy: City$ 91.90$ 100.90$ 9.009.8% <br />Property Tax Levy: EDA 1.79 1.71 (0.09)-5.1% <br />Utility Rates 59.10 63.64 4.547.7% <br />Combined Total$ 152.79$ 166.25$ 13.458.8% <br />48 <br />49 <br />50 As shown in the table, a median-valued home that has average household water usage will see an increase <br />51 of $13.45 per month in 2023 for both property taxes and utility costs. This represents 8.8% increase. <br />52 <br />53 A PowerPoint presentation outlining the 2023 Proposed Budget, Tax Levy, and Utility Rateswill be <br />54 presented at the Council meeting and is included as Attachment A. Comments received from the public <br />55 regarding the 2023 City Manager Budget are included as Attachment C. <br />56 P OLICY O BJECTIVE <br />57 The public hearing provides an opportunity for Roseville taxpayers to directly comment on priorities and <br />58 costs contained in the proposed 2023 City Budget. <br />59 F INANCIAL I MPACTS <br />60 See information above and attached information. <br />61 S TAFF R ECOMMENDATION <br />62 No action needed at this time. Final consideration of the City and EDA budget and levy and 2023 <br />63 Utility Rates will be at the December 5 City Council meeting. <br />64 R EQUESTED C OUNCIL A CTION <br />65 For information purposes only. <br />66 <br />Prepared by: Michelle Pietrick, Finance Director <br />Attachments: A: 2023 Budget & Tax Levy PowerPoint Presentation <br /> B: Projected 2022 year end fund balances <br /> C: Public Comments received regarding 2023 City Manager Budget <br /> <br />Page 3 of 3 <br /> <br />