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Attachment 1
<br />Below is table showing the use of the tax levy by fund.
<br />Levy Summary by Fund
<br />FundDescriptionProperty Tax 2026Property Tax 2027Change $Change %
<br />100General 23,379,791.00 26,073,443.53 2,693,652.53 11.52%
<br />110Communications Fund351,880.00 358,521.05 6,641.051.89%
<br />200Parks & Recreation 1,847,581.00 2,186,122.92 338,541.9218.32%
<br />204Parks and Recreation Maintenance 1,827,710.00 1,892,721.50 65,011.50 3.56%
<br />400Vehicle and Equipment300,000.00 300,000.00 - 0.00%
<br />401Vehicle and Equipment455,000.00 455,000.00 - 0.00%
<br />402Vehicle and Equipment302,000.00 302,000.00 - 0.00%
<br />403Vehicle and Equipment100,000.00 100,000.00 - 0.00%
<br />404Vehicle and Equipment 20,000.00 20,000.00- 0.00%
<br />405Vehicle and Equipment 20,000.00 20,000.00- 0.00%
<br />409Vehicle and Equipment 40,000.00 40,000.00- 0.00%
<br />410Building Replacement651,000.00 651,000.00 - 0.00%
<br />411Park Improvement Program885,000.00 885,000.00 - 0.00%
<br />417Streetscape 60,000.00 60,000.00- 0.00%
<br />532Debt Service 1,442,595.00 1,443,803.00 1,208.000.08%
<br />534Debt Service780,885.00 771,120.00 (9,765.00) -1.25%
<br />535Debt Service320,473.00 318,780.00 (1,693.00) -0.53%
<br />725EDA264,826.00 372,003.95 107,177.9540.47%
<br />TOTAL 33,048,741.00 36,249,515.96 3,200,774.96 9.69%
<br />Final Thoughts on 2027 Budget and Levy
<br />While the initial estimate shows an increase of the tax levy by over $3.2 million, it should be
<br />remembered that this is the first analysis of the 2027 budget. Decisions made as part of 2026,
<br />specifically regarding the public safety positions, will require additional funding for future
<br />years, especially in 2027, 2028, and 2029.
<br />As we move forward in the 2027 budget process, more information will become available,
<br />which could increase or decrease the amount of levy needed for 2027. For instance, settled
<br />union contracts with the firefighters and police sergeants, commanders, and deputy chief and
<br />new programs, personnel, and services added to the 2027 budget will increase the amount of
<br />levy needed. Alternatively, identification of new revenue sources and consideration of cost
<br />shifts and reductions, including budget cuts, will decrease the amount of levy needed. That is
<br />all to say, the information contained in this memo should be considered as a starting point for
<br />2027 budget. The information should not limit our thinking of what needs to be part of the
<br />2027 budget, but we also need to be aware of and realistic of the financial constraints we are
<br />facing.
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