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5-YEAR BUDGET ASSUMPTIONS (2017-2021): <br /> • 5 year assumptions from County Assessor/Conservative Valuations: <br /> 2017 - Approximately 6.26% overall <br /> 2018 - 5% for residential; 4% for commercial <br /> 2019 - 4% for residential; 4% for commercial <br /> 2020 - 4% for residential; 4% for commercial <br /> 2021 - 4% for residential; 4% for commercial <br /> • New Growth Value from building: Two year lag ; Est. based on 2015 activity <br /> • 2.0% COLA adjustments (Current contracts thru 2016). In process of being <br /> renegotiated for year beginning 2017. <br /> • Health Insurance: <br /> 2017: All single/family plans show decrease due to new carrier and new contract <br /> For term years 2017-2021. Waiver held constant with 2016 rates <br /> 2018: 4.00%- All plans <br /> 2019: 5.00%- All plans <br /> 2020: 5.00%- All plans <br /> 2021: 5.00%- All plans <br /> • PERA: <br /> o 2017-2021 Current PERA rates: Police: 16.2% & General: 7.5% <br /> ■ Unknown if State will mandate increased rates past 2017 <br /> • Road Funding: <br /> o $500,000 General Funded for Sealcoats 2017-2021. <br /> o Funding of Road Reconstruction & Overlays based on 2017-2021 City <br /> CIP requests (bonding CIP is for years 2015-2019 so need new 5-year <br /> CIP bonding document for years 2020-20204. <br /> ■ Issuance of Road Reconstruction bond 2017-2021 <br /> • Assessment of Road Assessment Policy to determine <br /> continuation of issuance of debt/assessments after year 2019 <br /> when current bonding CIP ends. <br /> • $450,000 of annual MSA funded Debt is complete after Year 2022 <br /> will the MSA fund be utilized to help fund future road reconstruction <br /> of other new road needs? <br /> ■ Expectation that land Proceeds from COR area will be available in the <br /> future, but unable to place date on at this time. <br />