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9-3-19
<br />2020 Preliminary* (Working Document) Budget/Levy
<br />7-9-19 & 8-12-19 Worksession numbers are amended as noted
<br />GENERAL FUND LEVY: $10,784,265 $10,813,003 $10,796,756 $9,972,432 (2018 adopted). Increase of
<br />$811,833 $840,571 $821,3'4 (increase 8.14% 3/4 )
<br />EDA LEVY: $101,413 -$101,663 (2019 adopted). Decrease of $250
<br />DEBT SERVICE LEVY: $1,746,887 $2,098,150 $1,757,241 (2019 adopted). Decrease of ($10,354)
<br />I crcas„ o f 834n 909 (decrease 0.6%) incrcasc 19.40%
<br />TOTAL LEVY: $12,632,565 $13,012,566 $12,996,319 - $11,831,336 (2019 adopted). Increase
<br />of $801,229 $1,181,230 $1,164,983 (increase 6.77% 9.98% 9.85%)
<br />TAXABLE VALUE: $26,906,121*** $26,977,042** $24,849,839 (2019)
<br />$2,127,203 (increase 8.27% 84694)
<br />**Estimate. TIF and Fiscal Disparities Distributions are not finalized and not available from County.
<br />*** County Provided TIF #'s & Fiscal Disparity numbers 8-13-19
<br />Increase of $2,056,282
<br />Estimated tax capacity rate of 39.900% 11.033% 110.982%** (40.354% in 2019)
<br />LEVY BREAKDOWN:
<br />-General Levy:
<br />General Fund: Levy Increase of $811,833 $810,571 $824,324
<br />A. Contributing Factors of Increase:
<br />1. Personnel — Wages & Benefits ($716,001 S675,728 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 S97,127 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
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