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Request for Action <br />To <br />Item Number <br />Mayor and City Council <br />9.4 <br />Agenda Section <br />Meeting Date <br />Prepared by <br />Work Session <br />July 18, 2022 <br />Lori Ziemer, Finance Director <br />Item Description <br />Reviewed by <br />2023 Budget Overview <br />Cal Portner, City Administrator <br />Reviewed by <br />Action Requested <br />Overview of 2023 budget. <br />Background/Discussion <br />Staff has developed their preliminary 2023 budgets and meetings with department directors and/or <br />division managers to review their requests were scheduled in June. All of this leads up to the Council <br />adopting a maximum tax levy prior to September 30 and the final budget being adopted in December. <br />Proposed Budget Schedule <br />■ July/August Budget Work Sessions — Council budget work session dates are as follows: <br />0 1" Budget Work Session — Monday, July 25 at 4:30 pm <br />0 21id Budget Work Session — Monday, August 8 at 4:30 pm <br />o Additional Work Session (if needed) — Monday, August 29 at 4:30 pm <br />■ September 19 Regular Meeting — Approve maximum tax levy. <br />■ October/November — Continue budget, Capital Improvement Plan and tax levy discussion. <br />■ December 5 Regular Meeting — Present and adopt final budget and tax levy. <br />The preliminary 2023 budget is developed based on the following initial estimates and may be adjusted as <br />we progress through the budget process: <br />■ Same level of services as the 2022 budget. <br />Wages and benefits: <br />o Captains union - new in 2022, 7.45% increase in 2023. <br />o Sergeants union - 2.5% general wage increase plus market adjustment. <br />o Patrol union - contract is up for renewal in 2023. <br />0 49ers union - percent provided to non -union employees or 2.75%, whichever is higher. <br />o Non -union employees - 3% increase. <br />o Insurance benefits - 5% increase. <br />o Workers' compensation — 10% average rate increase. As was the case last year, due to public <br />safety PTSD claims about a 30% rate increase is projected for police job classes. <br />Fuel — projecting $4.50/gallon for 2023, compared to $2.75/gallon used in the 2022 budget. The <br />state fuel contract will continue to be used. <br />The Elk River Vision <br />A welcoming community with revolutionary and spirited resourcefulness, exceptional,` 01 e <br />service, and community engagement that encourages and inspires pi ospei ly INAMIRE1 <br />