Loading...
9/3/2024 Minutes Special Meeting CITY OF GRAND ISLAND, NEBRASKA MINUTES OF CITY COUNCIL SPECIAL MEETING September 3, 2024 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 3, 2024. Notice of the meeting was given in The Grand Island Independent on August 28, 2024. Mayor Roger G. Steele called the meeting to order at 6:00 p.m. The following City Councilmembers were present: Maggie Mendoza, Bethany Guzinski, Chuck Haase, Jack Sheard, Mike Paulick, Michelle Fitzke, Mark Stelk, Mitchell Nickerson, Doug Lanfear and Jason Conley. The following City Officials were present: City Administrator Laura McAloon, City Clerk Jill Granere, City Attorney Kari Fisk, Assistant City Administrator/CFO Patrick Brown, Finance Director Matthew Gleason and Public Works Director Keith Kurz. The PLEDGE OF ALLEGIANCE was said. PUBLIC HEARINGS: Public Hearing on FY 2024-2025 Annual Single City Budget and the Annual Appropriations Bill. Assistant City Administrator/CFO Patrick Brown reported that the following was a comparison of the fiscal year 2025 proposed budget to the FY2024 adopted budget: • The FY2025 actual/estimated disbursements and transfers is 14.3% or $40,302,220 higher than the FY2024 adopted budget. The difference is mainly due to delayed capital purchases from FY2024 (supply chain issues), Good Life District disbursements, and a Grants placeholder(in order to have appropriation authority). • All Funds Revenue projections for FY2025 increased 8.1% or $21,323,369 over FY2024 budget. • 2024 Valuations for the City of Grand Island increased over the 2023 valuation by $204,407,043 or 5.6%. If the City applies the FY2023-2024 mill levy of 0.2756 to the new valuation of$4,676,342,592, the City's Property Tax revenue would be $12,889,471, a tax increase of$681,931 over the prior year. The City and Community Redevelopment Authority tax ask for FY2025 is $13,006,530. • The City is requesting the same property tax ask that was in FY2023-2024. Property Tax Ask of $12,207,540 to the new valuation decreases the mill levy to 0.261049. CRA property tax ask is $798,990 which is a tax increase of $23,271. The CRA mill levy would decrease from 0.017515 to 0.017086. • Total Sales Tax revenue is forecasted at $29,137,545 for FY2025. It is a 1.5% or $430,604 increase over FY2024 budget. The increase is line with the recent trend in sales tax for Grand Island but slightly lower than forecasted inflationary data. • All other revenue sources in the General Fund account for $35,395,265. An increase over FY2024 budget of$692,260 or 2.0%. The increase is line with the recent trend for Grand Island but slightly lower than forecasted inflationary data. • An increase in Transfers FY2025 by $9,481,705 over FY2024 due to moving General Fund reserves to Capital Page 2,City Council Special Meeting,September 12,2023 Projects (Fire Station #3 $5,373,721, Fire Ladder Truck $2.34M and $1.9m for Police Vehicle Storage & Training Facility). Reviewed were the additional FTE's and reclassifications along with Capital Improvement Projects. Reviewed were the Capital Improvement Projects and Equipment Purchases for FY2025: • Building: $42,500.00 • Community Development: $350,000.00 • Electric Utility: $21,126,802.00 • Emergency Management: $3,151,000.00 • Fire: $9,507,400.00 • Food& Beverage Occupation Tax: $1,825,000.00 • Heartland Public Shooting Park: $345,983.55 • Jackrabbit Run Golf Course: $394,555.00 • KENO: $795,000.00 • Library: $140,000.00 • Parks & Recreation: $1,150,000.00 • Parks Capital Equipment: $555,992.68 • Police: $3,035,978.84 • Public Works: $21,128,958.00 • Recreation: $900,000.00 • Solid Waste: $9,085,000.00 • Streets: $1,062,401.00 • Wastewater: $5,892,157.00 • Water Park: $2,000,000.00 • Water Utility: $2,125,000.00 Total: $84,613,728.17 Public Hearing on FY 2024-2025 General Property and Community Redevelopment Authority (CRA) Tax Request. Assistant City Administrator/CFO Patrick Brown reported that the 2024 Valuations for the City of Grand Island increased over the 2023 valuation by $247,407,043 or 5.6%. If the City applied the FY2023-2024 mill levy of 0.275631 to the new valuation of $4,676,342,592, the City's Property Tax revenue would be $12,889,471, a tax increase of $681,931 over the prior year. The City and Community Redevelopment Authority tax ask for FY2025 was $13,006,530. If the City applied the FY2023-2024 Property Tax Ask of$12,207,540 to the new valuation there would be no tax increase and the mill levy would decrease to 0.261049. The CRA property tax ask was $798,990 which is a tax increase of$23,271. The CRA mill levy would decrease from 0.017515 to 0.017086. Staff recommended approval. Public Hearing on FY 2024-2025 Annual Budget for Parking District #2 (Ramp) Tax Request. Assistant City Administrator/CFO Patrick Brown reported that the 2024 Valuations for the Downtown Improvement District #2 (Ramp) increased over the 2023 valuation by $11,544,771 Page 3,City Council Special Meeting,September 12,2023 or 15.3%. The Downtown Improvement District #2 (Ramp) was not requesting an increase in Property Tax thereby decreasing the mill levy from 0.012076 to 0.010470. The Downtown Improvement District#2 (Ramp) Property Tax revenue request was $9,090. No public testimony was heard. ADJOURNMENT: The meeting was adjourned at 6:12 p.m. Jil Granere City Clerk