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2006_0911_Packet
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2006_0911_Packet
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To summarize, the recommended property tax levy increase is a grand total of 4.5%. This will <br />generate $501,945 in added funding. Based on my recommendations, this funding would be <br />allocated as follows: <br />Eliminate use of reserves �.c, install'permanent' funding) <br />Estimated 3.0% COLA for City Employees <br />Estimated healthcare increases for City Employees <br />Additional fuel and energy related expenses <br />Additional Set-Aside for Asset Replacement (Police, PW, PR) <br />Addition to Parlc Improvement Program (PIP) <br />Total <br />$ 128,000 <br />230,000 <br />10,000 <br />22,945 <br />86,000 <br />���� <br />$ 501,945 <br />Taxpayer Impact and Comparison to Peer Cities <br />For an average valued home in Roseville of $200,000, the 2007 Recommended Budget and Tax <br />Levy increase will result in an increase of approximately $58 per year or $4.83 per month. This <br />increase factors in the additional tax levy described above ,�rl assumes that the home <br />experiences a valuation increase of 15%. Some homes in Roseville will experience a lesser <br />increase, and therefore will see a smaller overall increase in their City taxes. <br />In total, for 2007, this same home will pay $522 per year in City property taxes, or $43.50 per <br />month. This monthly charge is comparable to what a typical homeowner pays independently for <br />gas, electric, telephone, cable �v, or broadband internet. <br />In comparing the tax burden in other cities in the metro area that have similar populations and <br />size and scope of City services, Roseville would still compare very favorably. Even with a$58 <br />increase, Roseville will remain the lo+��est taxed city in the Twin Cities Metro among the twelve <br />(12) cities that serve a population between 25,000 and 45,000. <br />If an expanded comparison were made to include all cities in the metro area that serve a <br />population in excess of 10,000, Roseville would ranlc ��.'� �o��cs� out of 56 cities. Over the last <br />10 years, Roseville's tax burden has remained approximately 30% ��€� than the average for this <br />peer group. <br />Alternative Budget Spending Plans <br />As noted above, the City Manager Recommended Budget calls for a levy increase of 4.5%. <br />Pages 1-4 of your Budget Boolc describe what a 4.5% levy increase will provide for — and what it <br />won't provide for. As is shown in the Budget Boolc, and as you've witnessed during previous <br />budget presentations, the City will have a number of unmet needs despite a 4.5% levy increase. <br />In short, the City's cost inputs are outpacing inflation, and they are expected to continue <br />outpacing inflation for the foreseeable future. This leaves us with very few options if we want to <br />maintain existing programs and expected service levels. Moving forward, we hope to find new <br />efficiencies in our service delivery process. And we may decide to place greater emphasis on a <br />ranlcing or prioritization process to help focus our resources on those programs that matter the <br />most. Finally, while it's lilcely the least attractive option to most, we can revisit whether the <br />existing tax burden to property owners is appropriate or not. <br />
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