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5-YEAR BUDGET ASSUMPTIONS: <br />• TIF 4 comes back online in year 2015- Approximately $375,000 of tax capacity. <br />After 2014, $275,000 of Funding for Roads goes away <br />• 5 year assumptions from County Assessor/Conservative Valuations: <br />2014 flat <br />2015- 2-4% for residential flat for commercial <br />2016- 1-2% conservative won't go higher possible increase in interest rates <br />2017 1-2% conservative won't go higher possible increase in interest rates <br />2018 1-2% conservative won't go higher possible increase in interest rates <br />• New Growth Value from building: Two year lag ; Est. based on 2012 activity <br />• 2.5% COLA adjustments (Current contracts thru 2014). Will need to be <br />renegotiated for 2015-2018. <br />• Landfill Tipping Fee Fund: Funding Depleted in 2016- Salary of <br />City Planner/Environmental Coordinator will be General Funded <br />• Health Insurance increases of : <br />2014: 9.5% + 3.8% Health Care reform = 13.3% Use 6.5% for budget <br />2015: 10.5% +3.8% Health Care Reform = 14.3% Use 7% for budget <br />2016: 11.5% + 3.80% Health Care Reform = 15.3% Use 7.5% for budget <br />2017: 12.5% +3.8% Health Care Reform = 16.3% Use 8% for budget <br />2018: 13.5% + 3.8% Health Care Reform = 17.3% Use 8.5% for budget <br />ADDRESS OF HEALTH INSURANCE ISSUES: <br />o Work with Unions — Cap Health Insurance. <br />o Should a fixed 5% annual increase be used? <br />o Possibility of more waivers as limit has been lifted <br />• 2015: Pera police increase to 16.2% from 15.3% <br />o Unknown if State will mandate increased rates past 2015 <br />• $500,000 for Road Recon 2014-2018. Funding needed of approximately $2.2M <br />o Assumes Franchise Fee or other funding source will cover add'l expense <br />