1. City Services

3. Review of Funding Options
Cell Phone Occupation Tax Increase
Increase from 3% to 6% – approximately $486,000
Property Tax Increase
Current Mill Levy
$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

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

5. 2013 2014 2015 2016 2017 Impact to Taxpayer w/ Cell Phone Tax
Police budget request
Impact to Taxpayer
Option #1
w/ Cell Phone Tax
2013
2014
2015
2016
2017
Proposed Mill Levy
.3351
.3503
.3674
.3687
Proposed Mill Levy Yearly Increase
.011
.0152
.0171
.0013 --
% of Increase
3.4%
4.5%
4.9%
.35%
Proposed Property Tax on a $100,000 Home
$335.10
$350.30
$367.40
$368.70
Current Property Tax on a $100,000 Home
$324.10
Annual Increase to Home Owner
$11.00
$15.20
$17.10
$1.30

6. Option #2 Only Property Tax
Police Budget Request
Option #2 Only Property Tax
2013
2014
2015
2016
2017
Police Budget Request
$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
$2,632,042
$2,671,523
2013-add Mill
$760,154
$771,557
$783,130
$794,877
$806,800
2014-add Mill
$385,778
$391,565
$397,438
$403,400
2015-add Mill
$438,242
$444,815
$451,487
2016-add Mill
$31,585
$32,058
Total Revenue
$1,157,335
$1,612,937
$1,668,715
$1,693,745
Total Mill Levy
.3543
.3694
.3863
.3875
Revenue Needed
$ 0
$268,765
$492,085
Dollars Available-Debt Payments end in Prior Years
Wood River $270,433
Library & Wood River
$1,062,694

7. 2013 2014 2015 2016 2017 Impact to Taxpayer Option #2
Police Budget Request
Impact to Taxpayer
Option #2
Only Property Tax
2013
2014
2015
2016
2017
Proposed Mill Levy
.3543
.3694
.3863
.3875
Proposed Mill Levy Yearly Increase
.0302
.0151
.0169
.0012 --
% of Increase
9.3%
4.3%
4.6%
.31%
Proposed Property Tax on a $100,000 Home
$354.30
$369.40
$386.30
$387.50
Current Property Tax on a $100,000 Home
$324.10
Annual Increase to Home Owner
$30.20
$15.10
$16.90
$1.20

9. City Services