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8-12-19 <br />2020 Preliminary* (Working Document) Budget/Levy <br />7-9-19 Worksession numbers are amended as noted <br />GENERAL FUND LEVY: $10,813,003 $10,796,756 -$9,972,432 (2018 adopted). <br />$8-21-314 (increase 8.43% 8479/0 <br />EDA LEVY: $101,413 -$101,663 (2019 adopted). Decrease of $250 <br />DEBT SERVICE LEVY: $2,098,150-$1,757,241 (2019 adopted). Increase of $340,909 (increase 19.40%) <br />Increase of $840, 571 <br />TOTAL LEVY: $13,012,566 $12,996,319 $11,831,336 (2019 adopted). <br />$1,164,983 (increase 9.98% 9.85°4-) <br />Increase of $1,181,230 <br />TAXABLE VALUE: $26,977,042** - $24,849,839 (2019) Increase of $2,127,203 (increase 8.56%) <br />**Estimate. TIF and Fiscal Disparities Distributions are not finalized and not available from County. <br />Estimated tax capacity rate of 41.033% 10982%** (40.354% in 2019) <br />**Estimate. TIF and Fiscal Disparities Distributions are not finalized and not available from County <br />LEVY BREAKDOWN: <br />-General Levy: <br />General Fund: Levy Increase of $840,571 <br />A. Contributing Factors of Increase: <br />1. Personnel — Wages & Benefits ($716,001 $675,728 increase ): <br />2. Union Negotiated Contracts for COLA & Health Insurance = $490,107 of increase <br />a. 3.00% COLA January 1, 2020 <br />a. 4/1/18-4/1/19 CPI— 2.3% <br />b. 2018-2019 New Construction Growth: 2.39% <br />c. Leap Year — additional 8 hours for each full-time employee <br />d. $2/hr increase for interns/plow drivers; $1/hr seasonals <br />b. Health Insurance Rate Increase of 10.4% (Single) - 11.5% (Family) employer paid: <br />$125,924 $97,127 4 Employees who waived at original budget request changed status <br />c. NEW Personnel Requests & Reclassifications: $67,534 $ —net of phased <br />retirement <br />1. FT Planning Technician <br />2. PT (25 hr week) Police Records Tech <br />3. Reclass Admin Assistant to HR Generalist <br />4. Reclass Community Development Director to Deputy City Administrator <br />5. Reclass Engineering Tech III to Civil Engineer II <br />6. Reclass Fire Marshal to Assistant Fire Chief/Fire Marshal (added) <br />1 <br />