9/18/2023 - City Council - Work Session - Agendas
CITY OF SPRING PARK
WORK SESSION AGENDA
SEPTEMBER 18, 2023 – 5:30 PM
SPRING PARK CITY HALL
(Work Session discussion times are approximate)
1. 5:30: Long Range Plan (Abdo)
2. 6:00: 2024 Budget
3. 6:20 Miscellaneous
4. 6:30: Adjourn
City of Spring Park
4349 WARREN AVENUE, SPRING PARK, MINNESOTA 55384-9711 (952) 471-9051 FAX (952) 471-9160
WWW.CI.SPRING-PARK.MN.US
Staff Memo: General Fund: 2024 Preliminary Levy
To: Spring Park – Mayor and Council
From: Mike Anderson, City Administrator
Subject: 2024 Preliminary Levy Proposal
The purpose of this memorandum is to provide you with the calculations and background information regarding the
proposed 2024 preliminary levy in preparation for Truth in Taxation in December.
As of 9/18/23, we are currently looking at a 17.74% (or $244,237.00 dollars) increase over last year (final levy 2023
$1,377,435 – preliminary levy 2024 $1,621,762).
This is based on past Council discussions and projected increases for contracts, bond payments, and includes the capital
project beautifications for Warren Ave. and City Hall.
The proposed levy increase includes:
- Police Contract: $15,500, increase of 3%
- Public Works Contract: $6,000, increase of 3%
- Fire Services: $5,250, increase of 4%
- General Fund Bond Payment: increase of $68,000
- City Hall Beautification: $25,000
- Warren Ave. Mill & Overlay: $70,000
- COLA for Staff: $11,600 or 5%
Each 1% equals roughly $16,000. Staff would like to discuss the proposal with the Council to establish the Preliminary
percentage (%) increase for 2024. This will allow us to have the appropriate Resolution ready for final approval at the
December 5, 2023, Truth in Taxation meeting.