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5-YEAR BUDGET ASSUMPTIONS (2019-2023): <br />• 5 year assumptions from County Assessor/Conservative Valuations: <br />2019 - Approximately 8.43% overall <br />2020 — 5.5% (4-7%) for residential; 2% (1-3%)for commercial <br />2021 - 3% for residential; 1.5% for commercial <br />2022 - 3% for residential; 1.5% for commercial <br />2023 - 3% for residential; 1.5% for commercial <br />• Fiscal Disparities budgeted very conservatively <br />• New Growth Value from building: Two year lag ; Est. based on 2017 activity <br />• 2.75%-COLA adjustments; 3% COLA Adjustments for years 2020-2023 (Union Contracts <br />Currently under Negotiation for year 2019). <br />• Possibility of Several Retirements over next five years, but can't dictate whom at this time, thus <br />several positions are budgeted at step 6 (highest level). <br />• Health Insurance: <br />2019: Single Dental for all FT employees: 12.7% Increase all health plans. <br />2020: 5.00%- All health plans. Single Dental <br />2021: 5.00%- All health plans. Single Dental <br />2022: 5.00%- All health plans. Single Dental <br />2023: 5.00%- All health plans. Single Dental <br />For term years 2019-2023. Waiver held constant with 2018 rates <br />• PERA: <br />o 2019-2023 Pera Rates held Constant for General Plan: 7.5% <br />o 2019 Police Pera Increases from 16.2% to 16.95% <br />o 2020 Police Pera Increases from 16.95% to 17.7% <br />o 2021-2023 Police Pera held constant at 17.7% <br />■ Unknown if State will mandate increased rates past 2019 for General Plan or past <br />2020 for Police Pera <br />• Road Funding: <br />o $500,000 General Funded for Sealcoats 2019-2023. <br />o Funding of Road Reconstruction & Overlays based on 2018-2027 City CIP <br />requests (bonding CIP is for years 2015-2019 so need new 5-year CIP bonding <br />document for years 2020-2024. <br />• Issuance of Road Reconstruction bond 2019-2023 <br />o Assessment of Road Assessment Policy to determine continuation of issuance of <br />debt/assessments after year 2019 when current bonding CIP ends. <br />o Look at other Funding means: Franchise Fee? <br />• $450,000 of annual MSA funded Debt is complete after Year 2022 will the MSA <br />fund be utilized to help fund future road reconstruction of other new road needs? <br />o Expectation that land Proceeds from COR area will be available in the future, but <br />unable to place date on at this time. <br />1 <br />