HomeMy WebLinkAboutCity Council Packet 09-05-2006 SpecialAgenda
City of Plymouth
Special City Council Meeting
Tuesday, September 5, 2006
7:30 p.m.
Public Safety Training Room
1. Call to Order
2. Discuss proposed 2007 budget and capital improvement
program
3. Adjourn
DATE: August 30, 2006
TO: Mayor and City Council
N
FROM: Laurie Ahrens, City Manager. and Jean McGann, Administrative Services Director
SUBJECT: Proposed Budget and Tax Levy
The third budget study session will be held on Tuesday, September. 5, at 7:30 p.m. in the Public Safety
Training Room. We have incorporated your direction provided at the previous study session to add the
Police Package Option 2 ($128,166), and to add Street Reconstruction Option 2 ($2,000,000 annual
levy, increase of $358,250) to the budget.
At the end of the last meeting, Eric suggested eliminating the two new seasonal park maintenance
workers ($30,000) in order to help fund the'police option. I recommend eliminating only one of those
positions. The budget includes a much-needed second garbage truck for the parks, and the intention. of
the budget proposal was that one of the new seasonal workers drive the truer. We have reviewed the
budget and recommend the following changes in order to fund one of the new police officers:
Delete 1 seasonal park maintenance worker $15,201
Change new police clerical from 40 to 30 hours $11,992
Reduce health insurance line item (related to recent
receipt of new rates for 2007) $35,140
Total $62,333
The amount of $62,333 is sufficient to fund one new police officer. The attached sheet incorporates all
of the changes noted above. With the above reductions, the police package Option 2 and Street
Reconstruction levy of $2,000,000 can be included in the proposed budget at an increased levy of less
than. 9%.
The total levy of 8.94% is distributed as follows:
Street Improvements 3.25%
Continued Service and Addition of 2 Police Officers 5.69%
Total Levy Increase 8..94%
Please give Jean or me a call if you would like additional data for Tuesday night. Thanks.
Property Tax. Inipact:s
The impact of the 2007 Recommended Budget to the residential homeowner with a property valuation
of $367,900 is estimated at $27.19 for the City of Plymouth's portion of the property tax. This is based
on the 2005 average home sale price and the proposed 8.94% property tax levy increase.
Estimated Tax Burden on Average Home
2006 Versus 2007
Average Home Sale Value
Tax Capacity at 1%
City Tax Rate
Gross Property Tax
Plus Market Value Levies
Open Space Bonds
Activity Center Bonds .
HRA Levy
Total Market Value Levies
Estimated
Estimated Increase
2006 2007 (Decrease)
356,200 $ 367,900
3,562 3,679
21.83% 22.03%
777.58 $ 810.48 $ 32.90
11.04 $ 9.93 $ 1.11)
19.23 16.92 2.31)
19.95 17.66 2.29)
50.22 44.52 $ 5.71)
Total Estimated Property Tax Levy $ 827.81 $ 855.00 S 27.19
2006 AND 2007 TAX LEVIES
RECOMMENDED OPTION
2006 2006 2007 2007 %
TAX LEVY TAX RATE TAX LEVY TAX RATE Increase
GENERAL PURPOSE LEVIES
General Fund 18,211,578 18.73% 19,914,955 18.86% 9.35%
Market Value Cr. Aid -State Aid Cut 634,691 0.65% 560,000 0.53% 11.77%
Street Reconstruction 1,500,000 1.54% 2,000,000 1.89% 33.33%
Mill & Overlay 47,000 0.05% 47,000 0.04% 0.00%
Recreation Fund 623,569 0.64% 638,735 0.60% 2.43%
Capital Improvement Fund 327,818 0.34% 337,653 0.32% 3.00%
Total General Purpose 21,344,656 21.96% 23,498,343 22.25% 10.09%
SPECIAL LEVIES
Activity Center Bonds 428,866 0.54% 432,226 0.46% 0.78%
2003 Open Space Refunding 251,835 0.31% 252,123 0.27% 0.11%
2003 Street Reconstruction Bonds 178,553 0.18% 180,968 0.17% 1.35%
2004 Street Reconstruction Bonds 419,036 0.43% 423,270 0.40% 1.01%
2004 Public Safety Bonds 601,342 0.62% 598,087 0.57% 0.54%
HRA 540,297 0.56% 503,617 0.48% 6.79%
Total Special Levies 2,419,929 2.64% 2,390,291 2.35% 1.22%
TOTAL ALL LEVIES 23,764,585 24.60% 25,888,633 24.60% 8.94%
LESS:
Fiscal Disparities -City 1;285,562) 1.32% 1.,403,003) 1.33% 9.14%
Fiscal Disparities -HRA 37,847) 0.04% 33,205) 0.03% 12.27%
22,441,176 23.24% 24,452,425 23.24% 8.96%
NET TAX CAPACITY VALUE 97,207,146 105,597,787 8.63%
TAXABLE MARKET VALUE 8,634,475,000 9,363,318,000 8.44%
REFERENDUM MARKET VALUE 8,596,367,500 9,358,310,000 8.86%
2006 AND 2007 TAX LEVIES
OPTION 1 - $2,5000,000 for Street Reconstruction
2006 2006 2007 2007 %
TAX LEVY TAX RATE TAX LEVY TAX RATE Increase
GENERAL PURPOSE LEVIES
General Fund 18,211,578 18.73% 19,914,955 18.86% 9.35%
Market Value Cr. Aid -State Aid Cut 634,691 0.65% 560,000 0.53% 11.77%
Street Reconstruction 1,500,000 1.54% 2,500,000 2.37% 66.67%
Mill & Overlay 47,000 0.05% 47,000 0.04% 0.00%
Recreation Fund 623,569 0.64% 638,735 0.60% 2.43%
Capital Improvement Fund 327,818 0.34% 337,653 0.32% 3.00%
Total General Purpose 21,344,656 21.96% 23,998,343 22.73% 12.43%
SPECIAL LEVIES
Activity Center Bonds 428,866 0.54% 432,226 0.46% 0.78%
2003 Open Space Refunding 251,835 0.31% 252,123 0.27% 0.11%
2003 Street Reconstruction Bonds 178,553 0.18% 180,968 0.17% 1.35%
2004 Street Reconstruction Bonds 419,036 0.43% 423,270 0.40% 1.01%
2004 Public Safety Bonds 601,342 0.62% 598,087 0.57% 0.54%
HRA 540,297 0.56% 503,617 0.48% 6.79%
Total Special Levies 2,419,929 2.64% 2,390,291 2.35% 1.22%
TOTAL ALL LEVIES 23,764,585 24.60% 26,388,633 25.07% 11.04%
LESS:
Fiscal Disparities -City 1.,285,562) 1.32% 1,403,003) 1.33% 9.14%
Fiscal Disparities -HRA 37,847) 0.04% 33,205) 0.03% 12.27%
22,441,176 23.24% 24,952,425 23.71% 11.19%
NET TAX CAPACITY VALUE 97,207,146 105,597,787 8.63%
TAXABLE MARKET VALUE 8,634,475,000 9,363,318,000 8.44%
REFERENDUM MARKET VALUE 8,596,367,500 9,358,310,000 8.86%
2006 AND 2007 TAX LEVIES
OPTION 2 - $3,0000,000 for Street Reconstruction
TOTAL ALL LEVIES
LESS:
Fiscal Disparities -City
Fiscal Disparities -HRA
NET TAX CAPACITY VALUE
23,764,585
1,285,562)
37,847)
22,441,176
97,207,146
TAXABLE MARKET VALUE $8,634,475,000
REFERENDUM MARKET VALUE $8,596,367,500
24.60%
2006 2006 2007 2007
1.33%
TAX LEVY TAX RATE TAX LEVY TAX RATE Increase
GENERAL PURPOSE LEVIES
25,452,425 24.19% 13.42%
General Fund 18,211,578 18.73% 19,914,955 18.86% 9.35%
Market Value Cr. Aid -State Aid Cut 634,691 0.65% 560,000 0.53% 11.77%
Street Reconstruction 1,500,000 1.54% 3,000,000 2.84% 100.00%
Mill & Overlay 47,000 0.05% 47,000 0.04% 0.00%
Recreation Fund 623,569 0.64% 638,735 0.60% 2.43%
Capital Improvement Fund 327,818 0.34% 337,653 0.32% 3.00%
Total General Purpose 21,344,656 21.96% 24,498,343 23.20% 14.78%
SPECIAL LEVIES
Activity Center Bonds 428,866 0.54% 432,226 0.46% 0.78%
2003 Open Space Refunding 251,835 0.31% 252,123 0.27% 0.11%
2003 Street Reconstruction Bonds 178,553 0.18% 180,968 0.17% 1.35%
2004 Street Reconstruction Bonds 419,036 0.43% 423,270 0.40% 1.01%
2004 Public Safety Bonds 601,342 0.62% 598,087 0.57% 0.54%
HRA 540,297 0.56% 503,617 0.48% 6.79%
Total Special Levies 2,419,929 2.64% 2,390,291 2.35% 1.22%
TOTAL ALL LEVIES
LESS:
Fiscal Disparities -City
Fiscal Disparities -HRA
NET TAX CAPACITY VALUE
23,764,585
1,285,562)
37,847)
22,441,176
97,207,146
TAXABLE MARKET VALUE $8,634,475,000
REFERENDUM MARKET VALUE $8,596,367,500
24.60% 26,888,633 25.55% 13.15%
1.32% 1,403,003) 1.33% 9.14%
0.04% 33,205) 0.03% 12.27%
23.24% 25,452,425 24.19% 13.42%
105,597,787 8.63%
9,363,318,000 8.44%
9,358,310,000 8.86%