Agenda - Council - 09/22/2015 - Laserfiche WebLink

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Our Mistionc To work together to reipoiibly grew our comma nityr, and to provide quality, cert-oliBcdwe, and efficient government services. CC Regular Session 7. 1. Meeting Date: 09/22/2015 By: Diana Lund, Finance Information Title: Adopt Resolution #15-09-218 Adopting Proposed 2016 Payable Tax Levies (General, EDA & Debt Service) and Schedule Public Meeting for Dec 8, 2015 Purpose/Background: Purpose/Background: Purpose: Each taxing authority must certify its proposed preliminary property tax levies for payable 2016 to the County Auditor by September 30, 2015. Background: The levy as presented reflects the recommendation of the majority of the City Council at the final preliminary budget/levy work session on September 8, 2015. Proposed 2016 Payable Tax Levy: Proposed Tax Levies: General Fund Levy: $ 8,491,463 EDA Levy (Included in General Levy) 75,618 (EDA presented 8-13-15) Debt Service Levy — CIP Bond -(Fire Station #1) (Being Requested) 147,420 Debt Service Levy — CIP Bond(Municipal Center) (Being Requested) 1,072,013 Debt Service Levy - 2013 Equipment Certificate 74,505 Debt Service Levy - 2014 Equipment Certificates 103,441 Debt Service Levy -CIP Bond -(Fire Station #2) (Being Requested) 109,213 Reconstruction Debt - Garnet Street & Overlays (Being Requested) 103,144 TOTAL PROPOSED LEVY — 2016 $10,176,817 The attached resolution, as it is presented, reflects a levy of $10,176,817. The proposed levy for 2016 reflects a $768,996 (8.17% increase) over the adopted levy in 2015 of $9,407,821. The levy increase of $768,996 is mostly attributed to two areas: 1. Personnel Funding - $552,323 increase over 2015 adopted budget. The increase is attributed to a cost of living (COLA) adjustment for approximately 75 employees; step increases; market rate adjustments (per union contracts); 2%-9.99% health insurance increases (based on plan), Election Judges (election year); Leap year (Full-time employees paid at 2088 hours instead of 2080); Police Holiday buy back option (per Union contract); increase in hours for two positions and three new positions: Full-time Code Enforcement/License Coordinator, Full-time Drug Task Force Officer, and a Full-time Public Works Maintenance Worker.(begin April 1, 2016).