Loading...
09/12/2023 Minutes SpecialCITY OF GRAND ISLAND, NEBRASKA MINUTES OF CITY COUNCIL SPECIAL MEETING September 12, 2023 Pursuant to due call and notice thereof, a Special Meeting of the City Council of the City of Grand Island, Nebraska was conducted in the Council Chambers of City Hall, 100 East First Street, on September 12, 2023. Notice of the meeting was given in The Grand Island Independent on September 6, 2023. Mayor Roger G. Steele called the meeting to order at 6:00 p.m. The following City Council rnembers were present: Mike Paulick, Jack Sheard, Michelle Fitzke, Mark Stelk, Jason Conley, Doug Lanfear, Bethany Guzinski, Mitch Nickerson, and Chuck Haase. Councilmember Maggie Mendoza was absent. The following City Officials were present: City Administrator Laura McAloon, Deputy City Clerk Jill Granere, Assistant City Attorney Stacy Nonhof, Assistant City Administrator Patrick Brown, and Interim Public Works Director Keith Kurz. The PLEDGE OF ALLEGIANCE was said. PUBLIC HEARINGS: Public Hearing on FY 2023-2024 Annual Sin le City Budget and the Annual Appro�riations Bill. Assistant City Administrator Patrick Brown reported that the following was a comparison of the fiscal year 2024 proposed budget to the FY2023 adopted budget: The FY2023 budget appropriation is 17.3% or $45,508,299 higher than the FY2023 adopted budget. The difference is mainly due to increase costs from inflation, delayed capital purchases from FY2023 (supply chain issues), Electric Solar Project and a Grants placeholder (in order to have appropriation authority). All Funds Revenue projections for FY2024 increased 12.2% or $28,070,875 over FY2023 budget. Overall the City's property tax valuation increased 15.9% or $607,553,916. If the City applied FY2022-2023 mill ley of 0.3394 to the new valuation of $4,428,935,549, the City's Property Tax revenue would be $15,031,807, a tax increase of $2,063,128 over the prior year. The City and Community Redevelopment Authority is requesting tax ask for FY2024 of $12,983,258. The City is requesting the same property tax ask that was in FY2022-2023. Property Tax ask of $12,207,540 to the new valuation decreases the mill levy to 0.275631. CRA property tax ask is $775,718 which is a tax increase of $22,659. CRA mill levy would decrease from 0.019706 to 0.017515. Total Sales Tax revenue is forecasted at $28,706,941 for FY2024. It is a 19.2% or $4,521,902 increase over FY2023 budget. The increase was due to rebalancing of revenues and costs between funds, increase rate of return on investments, and casino tax revenues. • An increase in Transfers FY2024 by $2,436,607 over FY2023 due to Sales Tax revenue distribution to capital projects. Page 2, City Council Special Meeting, September 12, 2023 �i , �� Reviewed were the additional FTE's and reclassifications along with Capital Improvement Projects. Staff recommended approval Public Hearin� on FY 2023-2024 General Property and Community Redevelopment Authoritx (CRA) Tax Request. Assistant City Administrator Patrick Brown reported that the 2023 Valuations for the City of Grand Island increased over the 2022 valuation by $607,553,916 or 15.9%. If the City applied the FY2022-2023 mill levy of p.3394 to the new valuation of $4,428,935,549, the City's Property Tax revenue would be $15,031,807, a tax increase of $2,063,128 over the prior year. The City and Community Redevelopment Authority tax ask for FY2024 was $12,983,258. If the City applied the FY2022-2023 Property Tax Ask to the new valuation there would be no tax increase and the mill levy would decrease to 0.275631. The CRA property tax ask was $775,718 which is a tax increase of $22,659. The CRA mill levy would decrease from 0.019706 to 0.017515. Staff recommended approval. Public Hearin� on FY 2023-2024 Annual Budget for Parking District #2 (Ramp) Tax Request Assistant City Administrator Patrick Brown reported that the 2023 Valuations for the Downtown Improvement District #2 (Ramp) increased over the 2022 valuation by $8,155,286 or 12.2%. The Downtown Improvement District #2 (Ramp) was requesting an increase in Property Tax of $1,010, increasing the mill levy from 0.012039 to 0.012076. The Downtown Improvement District #2 (Ramp) Property Tax revenue request was $9,090. Staff recommended approval. No public testimony was heard. ADJOURNMENT: The meeting was adjourned at 6:13 p.m. �,w G Jill Granere Deputy City Clerk