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HOW DO WE GET WHAT WE WANT? <br />Vision: <br /> <br />Strategy - Address the property tax levy limitation in the City Charter, educate residents on Inflow & Infiltration, & keep the same level of <br />service while monitoring expenses. <br />Beginning Value Current Value Target/End Value <br />$6.5 mill $5.29 mill $ Decertify TIF 2033 Make last as long as possible <br />Goals (3-5 goals) per vision in table format. Every goal should be SMART. Specific, Measurable, Achievable, Relevant, & Time bound. <br />Goals Start Value Current Value Target Value <br />Modify Charter Cap: Change the 2% plus Inflation or 5% <br />whichever is less and increase to 8% <br />2% plus inflation or <br />5% whichever is less <br />2% plus inflation or <br />5% whichever is less <br />8% or inflation whichever is <br />greater <br />Enhance Revenue Sources: Without relying on property <br />taxes <br />Franchise fee $295,000 Other <br />fees & charges $635,000 <br />Franchise fee $295,000 Other <br />fees & charges $635,000 Franchise fee $320,000 Other <br />fees & charges $675,000 <br />Prioritize Services: and eliminate low priority services ID by department ID by department ID by department <br />Increase EDA Levy: Spur Redevelopment to increase tax <br />valuation, add jobs & housing diversity <br />$100,000 $100,000 EDA Max levy $213,000 <br />HRA Max levy $218,000 <br />Operate under balanced budget that meets the needs and <br />goals of the community. Reduce reliance upon the levy <br />reduction fund and any LGA funds by 3-5%. <br />Budget 90% of LGA <br />Draw down levy <br />reduction by $250,000 <br />Budget 90% of LGA <br />Draw down levy <br />reduction by $250,000 <br />Reduce by 3-5% ($2,500-$4,162) <br />per/year over 3 years, will take <br />20 years to get to $0 <br />Develop Marketing Plan/Business Case to be used as <br />education tool to residents & Charter Commission to <br />address the seriousness of the Charter levy limitation then <br />present at joint meeting <br />$0 $0 $10,000 plus staff time with <br />minimal supplies <br />Develop education PR & Implementation Plan that <br />addresses the consequences of inflow & infiltration & <br />ways to help reduce and/or eliminate the extra water <br />capacity with a goal of reducing the costs that Met-Council <br />invoices the City by at least 2-3% annually <br />$972,249 <br />Slip lining $175,000 <br />$972,249 <br />Slip lining $175,000, <br />City is about 80% lined <br />$937,348 by 2021, assumes 3.5% <br />cost increase for MCES charges <br />and 10% reduction in volume. <br />100% lined by 2022