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Nature Center utilities and custodial 2,000 Street lighting 3,000 Additional Gymnasium costs 26,000 Slcating Center ca ital im rovements 43,500 Co Road C Streetsca es 25,000 Total new obli ations $ 711,400 It should be noted that much of the City's non-tax revenues that are used to supplement lax- supported pragi°ams and services are expected to remain stagnant or decline frona 2005. Examples of these non-tax revenues include; interest earnings, business licenses, as well as policelfirelstreet maintenance state-aid monies. Current projections suggest that for these ��on- tax revenue sources, the City will realize $22,000 less than what is expected to be received in 2005. Pre-�xisti��g spending obligations combined with less non-tax revenues, translates into a required property tax levy increase of $733,400 ($711,400 in new spending obligations, and $22,000 in dccl��lin� non-tax revenues). This represents a 6.9% increas� from 2005. Oti�er inflationary impacts such as higlzer motor ��te� and other supplies are offset by reductions in o��e-tiit�ie purchases and other budgetary itez�x� that drop off in '06. As is probably evident, a 6.9% increase in fiEtndi��g obligations translates into a 6.9% increase in tl�e property tax levy. However, this would leave tlxe City with no funding for any initiatives t��at the Council has expressed interest in providing for, nor does it address some long-term impacts that are crucial in sustaining the City's valued programs and services. Therefore, the City Manager's Recommended Budget also includes additional funding in the amount of $330,400 for the following areas: City Manager Recommended Budget Additions Market-based wage adjustments Add 1 traffic officer Add a Police Captain position Add back 2 CSO positioi�s (total of 4) Add e�nployee share of l��althcare increases Add pedestz'ia�i safety itnproven�el�ts Add a contribution for an economic develop Add a contribution for a citvwide traffic ana strate; model Total $ 50,000 � 50,000 103,000 25_��iii �i�_�1�'i�� 1�_L?OD 1 12,400 25,000 $330,400 With these budget additions, along with the new spending obligations identified above, the amount needed fi-o�n the property tax levy would be $11,701,765, an increase of $1,063,800 or 10% from the previous year. 2006 Budget Summary The 2006 Budget is $33,559,185, an increase of $874,755 or 2.7%. The combined budget for �he tax-su�orted funds is $� 5,306,170, an increase of $1,084,9�5 or 7.6%.