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5 -YEAR BUDGET ASSUMPTIONS (2016-2020): <br />• 5 year assumptions from County Assessor/Conservative Valuations: <br />2016 - Approximately 5.2% overall <br />2017 — 4% for residential; 4% for commercial <br />2018 - 4% for residential; 4% for commercial <br />2019 - 4% for residential; 4% for commercial <br />2020 - 4% for residential; 4% for commercial <br />• New Growth Value from building: Two year lag ; Est. based on 2014 activity <br />• 2.0% COLA adjustments (Current contracts thru 2016). Will need to be <br />renegotiated for 2017-2020. <br />• Health Insurance increases of : <br />2016: 9.9% -Single, 2% -Employee + 2.2% Child, Employee + Spouse; Family <br />2014 rates & Waiver -7.25% <br />2017: 5.00%- All plans except family — hold constant 2014 rates <br />2018: 5.00%- All plans except family — hold constant 2014 rates <br />2019: 4.00%- All plans except family — hold constant 2014 rates <br />2020: 4.00%- All plans except family — Family — 2% <br />ADDRESS HEALTH INSURANCE ISSUES: <br />o Work with Unions — Cap Health Insurance. <br />o Look at Cafeteria Plan <br />• PERA: <br />o 2016-2020 Current PERA rates: Police: 16.2% & General: 7.5% <br />• Unknown if State will mandate increased rates past 2016 <br />• Road Funding: <br />o $500,000 General Funded for Sealcoats 2016-2020. <br />o Funding of Road Reconstruction & Overlays based on 2015-2019 CIP <br />• Issuance of Road Reconstruction bond 2016-2019 <br />• Expected that land Proceeds from COR area will pay after 2019 so no <br />new debt issued <br />• Annual Debt Service Levy -10 -year term except Andrie will be 15 - <br />Year term due to size of project <br />• Special Assessment per property <8,000 Property <br />