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7-14-20 <br />2021 Preliminary* (Working Document) Budget/Levy <br />GENERAL FUND LEVY: $11,343,212 -$10,670,932 (2020 adopted). Increase of $672,280 <br />(increase 6.30%) <br />EDA LEVY: $88,360 -$91,413 (2020 adopted). Decrease of $3,053 <br />DEBT SERVICE LEVY: $2,069,627-$1,746,887 (2020 adopted). Increase of $322,740 (increase 18.47%) <br />TOTAL LEVY: $13,501,199 - $12,509,232 (2020 adopted). <br />TAXABLE VALUE: $28,411,782** - $26,803,568 (2020) <br />Increase of $991,967 <br />Increase of $1,608,214 <br />(increase 7.92%) <br />(increase 6.00%) <br />**Estimate. TIF and Fiscal Disparities Distributions are not finalized and not available from County. <br />Estimated tax capacity rate of 40.392%** (39.592% in 2020) <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 $672,380 <br />A. Contributing Factors of Increase: <br />1. Personnel — Wages & Benefits ($533,778 increase): <br />• $298,781 Current Positions <br />• $234,997 New Position Requests <br />a. 2.75% COLA January 1, 2021 <br />b. Health Insurance Rate Increase of 5% <br />c. NEW Personnel Requests & Reclassifications: $234,997 <br />1. FT Police Records Technician: $64,400 <br />2. FT Patrol Officer: $86,485 (+ $9,000 uniform) <br />3. FT Parks Maintenance Worker (Start 3/1/21): $63,428 <br />4. PT Building Maintenance Worker (Start 10/1/21): $18,919 <br />5. Reclass Admin Assistant to Deputy City Clerk: $1,765 <br />2. 33 Body Cameras for Police Officers: $42,800) <br />3. Police Window Tint & Garage Floor Repair: $12,000 <br />4. Police Knox Boxes: $12,000 <br />5. LOGIS Systems: Software applications & Server Backup: $12,000 increase <br />1 <br />