2.1.
| CC Work Session |
| Meeting Date: | 08/27/2024 |
| Primary Strategic Plan Initiative: | {ud_pd2} |
Information
Title:
Continued Discussion on 2025 Budget
Purpose/Background:
Continuation of the discussion pertaining to the 2025 General Fund Budget and tax levies of General, EDA, Pavement Management and Debt.
Presented for the August 12, 2024, Budget Worksession:
The attached documents reflect a 9.8% levy increase. The reflective items that were reduced/pushed out to 2026 are also attached. Staff reviewed the requests in the first draft and have made adjustments to capital requests and personnel requests to reduce the total levy increase per council's direction. The adjustments do push out equipment replacements, but staff feels a one year delay will not jeopardize future equipment replacements. This version of the budget continues to focus on wage adjustments being implemented fully in 2025. All personnel wages have been updated using the average value of the full metro area (prior budget reflected just north metro), due to the request of all unions. Including the full metro for the wage adjustments merely reflects an estimated highest impact since negotiations are ongoing with the four union contracts. Non-union wages continue to be reviewed for accurate comparisons. Future budgets will reflect adjustments based on staff's continued work to provide comparable wages for comparable positions. One difficulty in wage comparisons is determining if positions within the City of Ramsey reflect position duties with other cities even though they may share the same or similar position title.
At the August 12 worksession, direction was given to bring back the 2025 budgeted amount of personnel costs applicable to department heads and also the Administrative Services Director. The amounts have been calculated for each department head/Admin Director showing what the impact is with a COLA increase only and with a COLA/Market Rate increase. A summary of each position will be presented at the August 27 worksession.
The tax impact on Ramsey residents and Commercial businesses using the draft proposed increase of 9.8% that was handed out at the Monday, August 12 worksession meeting is now attached.
The preliminary levy is proposed to be adopted on September 24, 2024.
Presented for the August 12, 2024, Budget Worksession:
The attached documents reflect a 9.8% levy increase. The reflective items that were reduced/pushed out to 2026 are also attached. Staff reviewed the requests in the first draft and have made adjustments to capital requests and personnel requests to reduce the total levy increase per council's direction. The adjustments do push out equipment replacements, but staff feels a one year delay will not jeopardize future equipment replacements. This version of the budget continues to focus on wage adjustments being implemented fully in 2025. All personnel wages have been updated using the average value of the full metro area (prior budget reflected just north metro), due to the request of all unions. Including the full metro for the wage adjustments merely reflects an estimated highest impact since negotiations are ongoing with the four union contracts. Non-union wages continue to be reviewed for accurate comparisons. Future budgets will reflect adjustments based on staff's continued work to provide comparable wages for comparable positions. One difficulty in wage comparisons is determining if positions within the City of Ramsey reflect position duties with other cities even though they may share the same or similar position title.
At the August 12 worksession, direction was given to bring back the 2025 budgeted amount of personnel costs applicable to department heads and also the Administrative Services Director. The amounts have been calculated for each department head/Admin Director showing what the impact is with a COLA increase only and with a COLA/Market Rate increase. A summary of each position will be presented at the August 27 worksession.
The tax impact on Ramsey residents and Commercial businesses using the draft proposed increase of 9.8% that was handed out at the Monday, August 12 worksession meeting is now attached.
The preliminary levy is proposed to be adopted on September 24, 2024.
Timeframe:
45 minutes
Funding Source:
Responsible Party(ies):
Finance Director and City Administrator
Outcome:
Continued discussion of the 2025 budget and levies.
Attachments
- Budget Reductions
- Est Tax Capacity 8-12-24
- 2025 Personnel Requests
- 2025 Capital Requests
- Residential tax impact
- Commercial tax impact
- 2025 Draft General Fund Budget
- 2025 Draft EDA Budget
Form Review
| Inbox | Reviewed By | Date |
|---|---|---|
| Brian Hagen | Brian Hagen | 08/22/2024 03:37 PM |
- Form Started By:
- Diana Lund
- Started On:
- 08/20/2024 08:29 AM
- Final Approval Date:
- 08/22/2024