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Tax Levy Analysis ALL TAX RATE CALCULATIONS ARE ESTIMATES AND WON'T BE KNOWN UNTIL AFTER NOVEMBER 15, 2013 Tax Rate Tax Rate % 1. Maximum allowable levy per Dept of Revenue 15,549,369 $ 6.76 11.92% 2. 2013 Tax Levy 13,581,442 $ Increase required for 2014 debt service 602,434 Reduction of TID #3 Cost of recovery 226,530 2013 One-time Subdividers Fund & Debt Service Surplus 500,000 Required levy to maintain 2013 spending ability 14,910,406 $ 3. Required 2014 budget year tax rate to obtain above levy 6.48 $ Budget year 2013 tax rate 6.04 Tax rate increase compared to budget year 2013 0.44 $ Tax rate % increase compared to budget year 2014 7.28% 4. Operating decision items from commitments, Mill Rate $ Mill Rate % known events & policy changes Increase Increase Required new voting machiines 10,000 $ 0.004 $ 0.07% Election supplies due to more elections 33,300 0.014 0.24% Attorney fees 11,600 0.005 0.08% Contractual electrical inspections 9,627 0.004 0.07% Mileage for plumbing inspector 2,736 0.001 0.02% Police officer overtime 45,887 0.020 0.33% DaneCom related impact (equipment) 21,400 0.009 0.15% Annual fee for phone line connection to DaneCom system 4,000 0.002 0.03% Schedule software support for Police 4,500 0.002 0.03% 2013 decision to move sidewalk repair to operating from capital 150,000 0.065 1.08% Refuse collection for new locations/homes 39,513 0.017 0.28% Recycling collection for new locations/homes 24,864 0.011 0.18% Storm sewer & ditch repairs to operating from capital 35,000 0.015 0.25% Salt purchase commitment under DOT contract 14,509 0.006 0.10% Library digital subscription increase 7,500 0.003 0.05% LINKcat contractual increase 4,400 0.002 0.03% Anticipated increases in electricty for street lighting 7,000 0.003 0.05% Anticipated increases in electricty for traffic signals 1,000 0.000 0.01% Engineers continuing education requirements 1,184 0.001 0.01% Public Works fuel usage @ 2012 levels w/ anticipated 2014 prices 890 0.00039 0.01% Required bridge inspections 175 0.00008 0.00% City Hall gas & electricity usage @ 2014 prices 1,415 0.001 0.01% Madison Metro Transit to maintain existing service 67,243 0.029 0.48% Move invasive species control to operating from capital 60,000 0.026 0.43% 557,743 $ 0.242 $ 4.01% ---PAGE BREAK--- Tax Levy Analysis ALL TAX RATE CALCULATIONS ARE ESTIMATES AND WON'T BE KNOWN UNTIL AFTER NOVEMBER 15, 2013 Mill Rate $ Mill Rate % 5. Personnel Committee items approved for Finance Committee Consideration Increase Increase Priority #1 items Hire new patrol officer 78,100 $ 0.034 $ 0.56% Engineer Tech III pay parity 361 0.00016 0.00% Salary adjustment for the Program Coordinator position of 1,862 0.001 0.01% Adjust Rec Supervisor salary to match title change 10,000 0.004 0.07% 90,323 $ 0.039 $ 0.65% Priority #2 items .5 FTE Finance Secretary position 10,732 $ 0.005 $ 0.08% Adjust Information Technology Assistant Director salary 9,349 0.004 0.07% Hire new street crewman 65,000 0.028 0.47% 85,081 $ 0.037 $ 0.61% 6. 2% wage parity for other employees not included with police contract 102,323 $ 0.044 $ 0.74% Mill Rate % Mill Rate $ Increase 7 Required tax levy as shown in existing 2014 budget with all non-personnel decision items & 2% wage parity included 15,628,958 $ 6.79 $ 12.42% Eliminate something to get to maximum allowable levy (79,589) (0.03) -0.50% 15,549,369 $ 6.76 $ 11.92% 8. Other identified items that could reduce required tax levy Decision items not listed on Item #4 (255,200) $ (0.11) $ -1.82% Eliminate 2% wage parity as identified in #6 (102,323) (0.04) -0.66% Eliminate items identified in #4 (557,743) (0.24) -3.97% (915,266) $ (0.39) $ -6.46% 9. Required tax levy as shown in existing budget with all non-personnel decision items & 2% wage parity included 15,628,958 $ 6.79 $ 12.42% Impact of items identified in #8 (915,266) (0.40) -6.62% 14,713,692 $ 6.39 $ 5.79% 2015 IMPACT ITEMS - SUPER IMPORTANT 10. 2015 Estimated levy impact of wage increases Police union contractual increases increase in contract) 60,000 $ Parity for everyone else including pending EMS contract 190,000 250,000 $ 11. Allowable levy increases in 2015 will be impact of "Net New Construction" and unused levy capacity from 2014 worksheet, unless a referendum was passed to allow City to go over the limit. Any increases in debt service are added to increase the calculated levy limit. For budget year 2014, the "Net New Construction" amount was $225,000.