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City Council Regular Meeting Minutes September 8, 2015 Page 4 The 2016 Debt Related Levies are proposed to increase by a combined 1.87% increase over the 1 2015 combined levies. The $43,537 increase represents a 0.75% increase to the Overall Levy. A 2 debt levy reduction program (Peak to Plateau) began in 2014 to stabilize the annual increase in 3 levies created the annual street reconstruction plan. Without the use of resources committed to 4 this program the impact of 2015 street bonds issued along with existing debt service 5 requirements would have required a 5.05% increase in the Overall Levy. 6 7 The 2016 Capital funds Levies are proposed to increase by a combined $103,990. This increase 8 is part of the phase-in plan to recognize the liquor transfers are estimated to be $146,395 less 9 than 2015. The phase-in approach uses of one time fees and fund balance. The impact of the 10 Capital levies increase is eased by phase-in approach used within the General Fund Levy. 11 12 Staff will continue to seek Grants and Donations from Federal, State and private sources to help 13 offset the cost of operations and capital equipment. 14 15 The final presentation of the 2016 General Operating Budget and Property Tax Levy is 16 scheduled for the December 8th, 2015 Council Meeting. At the meeting, Staff will present a recap 17 of the 2016 General Operating Budget and the impact of the 2016 Property Tax Levy. 18 19 The General operating budget totals $6,939,342. Personnel costs are up 2.92% and are 73% of 20 General fund expenditures. Liquor operations transfers reduced by $146,395 and initiate a 21 building improvement levy of $73,000 in lieu of liquor transfer. Increase CIP levy by $30,990. 22 Increase in all levies totals $219,075 or 3.76%. 23 24 Since 1999 to date the City has received $19,405,122 in Grants and donations from local 25 businesses/residents. 26 27 Councilmember Stille asked if anything had changed since the last presentation on August 25, 28 2015 and Ms. Rueckert stated it has not changed. 29 30 Mayor Faust stated it is interesting where we put our money in and where we spend money it 31 comes down to infrastructure. Infrastructure includes roads, water, how we do things and it also 32 includes our people. He referred to a Star Tribune article about infrastructure and roads and 33 sewer and water and that sort of thing. They were having a call to arms and he kind of chuckled 34 at that. Mayor Faust noted St. Anthony has been doing this for 20+ years, heard the call a long 35 time ago, and invested in our community. He stated he thinks when the peak to plateau was done 36 and we were able to reduce that road levy impact, the City was able to keep this infrastructure 37 improvement going and this will pay off in the long run for current and future residents and it 38 will come to pass. 39 40 Mayor Faust closed the public hearing at 7:22 p.m. 41 42 Motion by Councilmember Stille, seconded by Councilmember Brever, to adopt Resolution 15-43 054 a resolution Setting the Proposed 2016 Tax Levy and General Operating Budget for the City 44 of St Anthony Village. 45 Motion carried unanimously. 46 6