Laserfiche WebLink
5 -YEAR BUDGET ASSUMPTIONS (2015- 2019): <br />• 5 year assumptions from County Assessor /Conservative Valuations: <br />2015 - Approximately 16% overall <br />2016 - 6% for residential; 3% for commercial <br />2017 - 5% for residential; 4% for commercial <br />2018 - 5% for residential; 4% for commercial <br />2019 - 4% for residential; 4% for commercial <br />• New Growth Value from building: Two year lag ; Est. based on 2013 activity <br />• 2.0% COLA adjustments (Current contracts thru 2014). Will need to be <br />renegotiated for 2015 -2019. <br />• Health Insurance increases of : <br />2015: 5.25 % - Single, Employee + Child, Employee + Spouse; Family 2014 rates <br />2016: 5.00 % - Single, Employee + Child, Employee + Spouse; Family 2014 rates <br />2017: 5.00 % - Single, Employee + Child, Employee + Spouse; Family 2014 rates <br />2018: 5.00 % - Single, Employee + Child, Employee + Spouse; Family -3% <br />2019: 5.00 % - Single, Employee + Child, Employee + Spouse; Family <br />ADDRESS HEALTH INSURANCE ISSUES: <br />• Work with Unions — Cap Health Insurance. <br />• Affordable Care Act additional impact? <br />• Look at Cafeteria Plan <br />• 2015: Pera police increase to 16.2% from 15.3% <br />Pera General increases to 7.5% from 7.25% <br />■ Unknown if State will mandate increased rates past 2015 <br />• $500,000 for Road Recon 2015 -2019. Funding needed of approximately $2.2M <br />o Assumes Debt Issuance and Special Assessments will cover $1.7M <br />annually <br />• Issuance of Road Reconstruction bond 2015 -2018 <br />• Land Proceeds from COR area will pay 2019 <br />• Annual Debt Service Levy -l5 -year term <br />• Special Assessment per property <8,000 Property <br />