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Public Hearing

Public Hearing. 2012 City Budget. 2012 Budget Process. Annual Revenue Survey – February 22 F irst Budget Work Session – May 2 Second Budget Work Session – June 14 Third Budget Work Session – June 28 Fourth Budget Work Session – July 12. (Mill Levy Rate at 45.434).

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Public Hearing

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  1. Public Hearing 2012 City Budget

  2. 2012 Budget Process • Annual Revenue Survey – February 22 • First Budget Work Session – May 2 • Second Budget Work Session – June 14 • Third Budget Work Session – June 28 • Fourth Budget Work Session – July 12 (Mill Levy Rate at 45.434) • (Mill Levy Rate at 43.570) • (Mill Levy Rate at 43.735) • (Mill Levy Rate at 42.138) Note: From the first work session through the fourth work session, Management made budget cuts or deferrals totaling $3,424,844 and reducing property taxes by over $1.6 million. 2 2012 City Budget

  3. 2012 Budget Highlights • An increase of $635,784 in property taxes levied to support the 2012 City Budget or about a 3.5% increase over property taxes supporting the 2011 City Budget. (98%of this property tax increase is due to outside City services.) • The Municipal Band has been placed under the Parks & Recreation Department as a new line item. • The rental inspection revenues and expenditures have been deleted from the 2012 City Budget. • A modest Capital Improvement Program with an estimated budget of $5,187,069 in planned projects and $862,344 in equipment costs that are spread across a number of funds within the 2012 City Budget. 3 2012 City Budget

  4. Proposed 2012 City Budget 4 2012 City Budget

  5. 2012 Budget Snapshots (continued) 5 2012 City Budget

  6. 2012 Budget Snapshots 6 2012 City Budget

  7. 2012 Proposed Salary Adjustments 7 2012 City Budget

  8. 2012 Proposed Salary Adjustments Will average 2.0% or less Note: Merit increases are determined on employee anniversary dates and thus have a lower overall budget impact. Note: 32 union members (about half) will receive step raises in 2012 8 2012 City Budget

  9. Cost-of-Living Index 9 2012 City Budget

  10. CIP – Budget 10 2012 City Budget

  11. Property Tax Mill Levies In order to reduce the mill levy, the delinquency rate on special assessments was reduced from 5% to less than 2% Reserve Funds 11 2012 City Budget

  12. Homeowner Impact ($200,000 home) * Includes delinquency 12 2012 City Budget

  13. Utility Rate Increases 2012 City Budget

  14. Water Rate Comparisons Based on average residential use of 7 units (5,250 gal) 2012 City Budget

  15. Utility Rate Increases 2012 City Budget

  16. Waster Water Rate Comparisons 2012 City Budget

  17. Utility Rate Increases 2012 City Budget

  18. Storm Water Rate Comparisons 2012 City Budget

  19. Questions? 2012 City Budget Conduct a Public Hearing On August 16th First Reading of Salary Ordinance and Agreement with Local No. 2275 IAFF  Second Reading of 2012 Budget Ordinances

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