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J���;ir�i:7t�i:� -��,��r���t;:l: <br />�� +'�� �� <br />REQUEST FOR COUNCIL ACTION <br />��',:�7�.�t�, :IG�Fa=1�tit�J: <br />-� <br />�`� �� � r�` '� ����� <br />Item Description: Adopt the 2006 Preliminary Tax Levy and Budget <br />Date: 911212005 <br />Ite��� No: 9, <br />��'_k'n ti�tl �l ti L]t.}11. <br />�;:.rr l�ti�;;���ti <br />Introduction <br />State Statute requires all cities in excess of 2,500 in population, to adopt a preliminary tax levy <br />and budget by September 15r�' for the upcoini��g fiscal year. The preliminary levy is certified to <br />the County, wh�n� in turn uses the information to prepare truth-in-taxation notices which are <br />mailed to individual property owners. The Final 2006 levy and budget are scheduled to be <br />adopted in December. Once the preliminary levy is adopted it can be lowered, but not increased. <br />In July of this year, Staff submitted a proposed budget for Council review, along with a separate <br />i�e��zo fi-onl the City Manager which outlined the proposed budget. An initial presentation on the <br />proposed budget was made on July 11, 2005, followed by four budget worlesessions in July and <br />A�tg�ist. <br />2006 Budget Highlights <br />Preparing the 2006 Budget remained challenging on i�tal�y fronts. Despite budgetary cuts in <br />sortle programs in 2003-2005; the City has new expenditures that are coining on-line in 2006 that <br />are placing added strain on available funding sources. <br />The following table identifies all pre-existing obligations that will come on line in 2006. T[:��.�� <br />itams are the result of Council-a�roved decisions made in prior years, andlor reflect the <br />resources necessary to i��ai��tain current service levels. They include: <br />Pre-existing Spending Obligations <br />3 % COLA for 2006 <br />1% COLA for n�id-}�ear'OS adjustment <br />Wage step inereases for union &�io��-saIari�d staff <br />10% inerease in healthcare premiums <br />Add'1 elections costs ('06 is a general election) <br />Add'1 audit services contract <br />Add'1 Legal representation costs <br />Wellness program <br />_�a� I' y'Ftl� Li15 �IInJIk t' �1`4']ll l, i]]7� <br />- 9}�lic� 9��1� <br />212,000 <br />35,000 <br />117,000 <br />50,000 <br />25,000 <br />6,000 <br />7,700 <br />8,200 <br />1��'_��'GU <br />_'�,t�[�i� ! <br />� �I �I � i�F�r, F��3ac� �i�a����a�c�c. � ��ic��� �F�r: � ] � . Gl�l� ! <br />. __, <br />:�c]�J i [iu i i�] ['ta I i�t [ };�-���icEs ��k��i� � �� 4[}�� . <br />�.� r��' H �� I I. I'�� , E� ti r� ���t�i I r; i:��rrcE-�tcxErttf - 3�.aH_H� <br />