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ecia ~i Heil eeti g Manay, August , 2007 Page 29 Discussion ensued related to projected increases on wages and health insurance; assumptions and impacts of levy percentage increases for an average homeowner; compression of tax rates and shifting tax bur- dens from residential back to commercial; and various perspectives of those impacts. ~'ublic ~omn~ent ~l Sands Mr. Sands sought clarification, and Mr. Miller responded, explaining differences in amounts in the staff memo, with those differences based on the 2007 levy and spending from tax supported programs, not in- clusive of other revenues beyond the levy. Councilmembers provided input to Finance Director Miller, seeking additional. information as follows: Councilmember Ihlan: What additional costs do we know we're going to have to cover in the 2008 budget (i.e., anticipated COLA; preliminary employee health care expenses; energy costs)? Councilmember Ihlan requested a spreadsheet outlining known increases in spending; new spending coming on board in 2008; and a baseline for maintaining current services to begin setting priorities. Councilmember Roe: Identification of the $1 million above and beyond projected revenues, on page 4 of the staff report, and how the community visioning process worked into that figure, along with a specific breakdown of where the numbers came from. Councilmember Roe: Priorities - 1 } In April of 2006, staff talked about asset replacement and where the City was deficient on funds. Councilmember Roe requested a 5-7-10 year ramp up to get the City back where they should be and yearly ramifications. 2) Councilmember Roe noted the current deficit in the Parks and Recreation Fund; and requested a similar 5-7-10 year ramp up and annual ramifications to get back in adherence with City Policy.