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City's capital plan has the City in a good position to navigate the current situation. Staff is <br />proactively looking for additional methods to balance out the internal service funds. <br />Over the past several years, the Council's budget guidance has been to deliver a general fund <br />budget that keeps the tax rate steady. If the Council determines that there is a different objective, <br />staff will work to prepare a budget based on that directive. As part of the budget process, staff <br />will bring additional suggestions in order to make good effort to meet the guidance provided. <br />Included with this memo is a scenario for the property tax levy and rate. The numbers shown are <br />rough numbers and will be refined once each department submits their initial requests. The <br />increase to the General Fund levy is based upon 2026 general fund levy with the addition of <br />actual wage projections, 10% increase to health insurance premiums, an increase in insurance, <br />fleet service and IT service charges, inclusion of cost for the 2050 comprehensive plan and <br />remaining items with a 3% inflator per CPI-U. This scenario takes into account the levy levels <br />that staff had anticipated within the 2026 Capital Improvement Plan for the remaining levy <br />amounts. <br />Also included in this memo and distributed to each department is the budget timeline and process <br />chart. <br />3of7 5 <br />