POLICE City Services POLICE Review of Funding Options

POLICE City Services

POLICE Review of Funding Options Cell Phone Occupation Tax Increase from 3% to 6% – approximately $486, 000 Property Tax Increase Current Mill Levy -. 3241 $324 annual, $27 per month, on $100, 000 home. 01 mill levy generates approximately $250, 000 And would add an additional. 83 cents per month for owner of $100, 000 home or $10 per year. Allocate portion of Cash Reserves

POLICE BUDGET REQUEST Option #1 w/ Cell Phone Tax Police Budget Request POLICE 2013 2014 2015 2017 $760, 096 $1, 156, 186 $1, 162, 512 $1, 937, 480 $2, 185, 830 Valuation Growth-1. 5% $2, 517, 067 $2, 554, 823 $2, 593, 145 2013 -add. 011 Mill 2016 $276, 877 2014 -add. 0152 Mill $2, 632, 042 $2, 671, 523 $281, 031 $285, 246 $289, 525 $293, 868 $388, 333 $394, 158 $400, 070 $406, 071 $443, 428 $450, 079 $456, 830 $34, 217 $34, 730 2015 -add. 0171 Mill 2016 -add. 0013 Mill $486, 000 $488, 430 $490, 872 $493, 327 $495, 794 Total Mill Levy . 3351 . 3503 . 3674 . 3687 Revenue Needed Dollars Available. Debt Payments end in Prior Years $0 $0 $0 Cell Phone Growth-. 5% $270, 262 $498, 537 Wood Library & River Wood River $270, 433 $1, 062, 694

POLICE BUDGET REQUEST POLICE Impact to Taxpayer Option #1 2013 2014 2015 Proposed Mill Levy . 3351 . 3503 . 3674 . 3687 Proposed Mill Levy Yearly Increase % of Increase . 011 3. 4% . 0152 4. 5% . 0171 4. 9% . 0013. 35% -- w/ Cell Phone Tax Proposed Property Tax on a $100, 000 Home Current Property Tax on a $100, 000 Home Annual Increase to Home Owner % of Increase 2016 2017 $368. 7 0 $335. 10 $350. 30 $367. 40 $368. 70 $324. 10 $335. 10 $350. 30 $367. 40 $11. 00 $15. 20 $17. 10 $1. 30 -- 3. 4% 4. 5% 4. 9% . 35% --

POLICE BUDGET REQUEST Option #2 Only Property Tax Police Budget Request POLICE 2013 2014 2015 $760, 154 2014 -add. 0151 Mill $2, 632, 042 $2, 671, 523 $771, 557 $783, 130 $794, 877 $806, 800 $385, 778 $391, 565 $397, 438 $403, 400 $438, 242 $444, 815 $451, 487 $31, 585 $32, 058 2015 -add. 0169 Mill 2016 -add. 0012 Mill Total Revenue 2017 $760, 096 $1, 156, 186 $1, 612, 512 $1, 937, 480 $2, 185, 830 Valuation Growth-1. 5% $2, 517, 067 $2, 554, 823 $2, 593, 145 2013 -add. 0302 Mill 2016 $760, 154 $1, 157, 335 $1, 612, 937 Total Mill Levy . 3543 . 3694 . 3863 Revenue Needed Dollars Available. Debt Payments end in Prior Years $0 $0 $0 $1, 668, 715 $1, 693, 745. 3875 $268, 765 $492, 085 Wood Library & River Wood River $270, 433 $1, 062, 694

POLICE BUDGET REQUEST POLICE Option #2 Impact to Taxpayer 2013 2014 2015 Proposed Mill Levy . 3543 . 3694 . 3863 . 3875 Proposed Mill Levy Yearly Increase % of Increase . 0302 9. 3% . 0151 4. 3% . 0169 4. 6% . 0012. 31% Only Property Tax Proposed Property Tax on a $100, 000 Home Current Property Tax on a $100, 000 Home Annual Increase to Home Owner % of Increase 2016 2017. 3875 -- $38 $354. 30 $369. 40 $386. 30 $387. 50 $324. 10 $354. 30 $369. 40 $386. 30 $387. 50 $30. 20 9. 3% $15. 10 4. 3% $16. 90 4. 6% $1. 20. 31% ---

POLICE City Services