Budget Process

Final 2021 Draft Budget

Overview

Council met on July 27, August 24 and September 8, 2020 to review and revise the proposed 2021 budget and levy. The agendas and video footage from each meeting discussion can be found below for your review:

On September 14, 2020, the City Council discussed the proposed general fund budget and tax levy:

During the September 14 meeting, the Council adopted three resolutions related to the 2021 budget

  1. Resolution adopting proposed 2021 General Fund Budget
  2. Resolution adopting proposed property tax levy for tax year 2021
  3. Resolution adopting proposed watershed management taxing district tax levy for tax year 2021

Council also set the time and place where the preliminary budget and levy will be discussed, and the final budget and levy determined for December 14, 2020 at 7 p.m. The public is encouraged to participate at this meeting. See details above.

The current proposed tax levy for 2021 is $26,435,652. This is a 6.6% increase (or $1,625,375) over 2020. Most of this increase can be attributed to ongoing wage and benefit obligations as well as a $500,000 increase to pavement management funding for 2021. 

However, market values and new construction growth in the community remain strong. Market values have increased 6.7% over 2020 values which means that the proposed increase provides just a small change to the City’s tax rate – a 0.11% increase.  

The proposed 2021 General Fund Budget was set at $25,500,700. This represents a decrease of $941,130 from the 2020 budget. Most departments reflect small operational increases for staffing costs or contract adjustments. 

However, it is important to note that Transfers Out was reduced significantly ($2,370,000 in 2020 to $655,000 in 2021). This was due to a shift in how the levy contribution for Pavement Management is recorded. Rather than recording Pavement Management as a transfer out, it will show up as its own operating levy within the budget documents. This should provide better transparency as to how property owners, through their property tax payments, support this program.

On October 5 and Nov. 2, the City Council had a discussion on Non-General Fund Budgets

On Dec. 7, the City Council had a final review of the proposed 2021 budget during their Work Session:

Preliminary 2021 Budget - additional details can be found here: