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2018 Preliminary* (Working Document) Budget/Levy <br />GENERAL FUND LEVY: $9,593,463 -$8,670,635 (2017). <br />Increase of $922,828 <br />EDA LEVY: $104,616 -$103,981 (2017). Increase of $635 (increase 0.61%) <br />(increase 10.64%) <br />DEBT SERVICE LEVY: $1,879,093-$1,704,442 (2017). Increase of $174,651 (increase 10.25%) <br />TOTAL LEVY: $11,577,172 - $10,479,058 (2017). <br />Increase of $1,098,114 <br />TAXABLE VALUE: $23,035,320 - $20,779,674 (2017) <br />(increase 10.48%) <br />Increase of $2,255,646 <br />Estimated tax capacity rate of 42.989% (42.455% in 2017) <br />(increase 10.86%) <br />(Fiscal Disparity numbers are not currently available from County so tax rate is an <br />estimate based on prior year fiscal disparity levels) <br />LEVY BREAKDOWN: <br />-General Levy: <br />General Fund: Levy Increase of $922,828 <br />A. Contributing Factors of Increase: <br />1. Personnel — Wages & Benefits ($687,125 increase): <br />a. 2-1/2% COLA January 1, 2018, 1/z% July 1, 2018, Steps <br />b. Single Dental for all full-time employees <br />c. Health Insurance Rate Increase of 7.38% employer paid <br />d. NEW Personnel Requests: $399,288 (See Personnel Spreadsheet) <br />This includes new positions, additional hours and position reclasses <br />e. Election Year: $41,736 increase <br />2. Other Services & Charges ($71,399 Increase) <br />a. Bi-Annual Survey <br />b. Contracted Professional Services: Building, Engineering <br />c. Additional $1M of Liability Insurance (3M coverage)-$22,588 <br />1 <br />