Impact Summary – 2020 Recommended Operating Budget

(Property Tax Levy Supported Operating Budget)

	$ Impact	Municipal Property Tax Levy	Cumulative % Property Tax Levy Impact	Cumulative $ Impact on A $163,000 Home
2019 Total Property Tax Levy (Including Education Levy) Approved by Council		$415,445,013
Section A: Recommended Preapprovals & Pressures with Little or Not Council Discretion	$6,981,905	$422,426,918	1.7%	$49
Section B: Highest Priority Budget Increases Recommended by Administration	$4,747,776	$427,174,694	2.8%	$82
Section C: Priority Budget Increases Recommended by Administration to Maintain or Improve Service Levels	$2,675,461	$429,850,155	3.5%	$101
Section D: Reductions Recommended by Administration	($9,517,777)	$420,332,378	1.2%	$34
Removal of C (Not Recommended): Priority Budget Increases Recommended by Administration to Maintain or Improved Service Levels	($2,675,461)	$417,656,917	0.5%	$16
Section E: Additional Reduction Options Required to Achieve 0% Tax Levy Increase for City Departments	($2,211,974)	$415,444,943	0.0%	$0
Section F: Other Reduction Options Identified That Could by Used to Achieve 0% Overall Tax Levy Increase	($14,386,380)
Section G: Worthwhile Enhancements Brought Forward by Departments – Not Recommended by Administration Due to Council’s Directives Relative to Fiscal Restraint	$704,262
Asset Management Plan (AMP)	$4,800,000	$420,245,013	1.2%	$34
Agencies, Boards & Committees (ABC’s)	$5,102,349	$420,547,362	1.2%	$34

As noted in the highlighted cells of the above chart, the 2020 Operating Budget being recommended to City Council reflects a net municipal property tax levy requirement of $420,332,378 including the estimated status quo education amount. This represents a $4,887,365 or 1.2% increase to the levy requirement related to City departments only. Also included in the chart is an increase of $4,800,000 or 1.2% increase related to the Asset