Page 24 - Microsoft Word - FY 2021 tax info sheet
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Average Home Levy
$1,500
$1,410 $1,402 $1,421
$1,400 $1,362 $1,390 $1,374
$1,300
$1,200
$1,100
$1,000
2016‐17 2017‐18 2018‐19 2019‐20 2020‐21 2021‐22
Strategy 3.4: Protect Taxpayers’ Interests
City Council continues to recognize the need to be proactive when it comes to planning for repairs and
replacements of capital investments and critical equipment. Aimed at cash funding future projects rather
than issuing debt, in FY 2019‐20 the council approved a Fire/EMS replacement program that will set aside
money annually to pay for expected equipment replacements. The Fire/EMS replacement program is the
latest addition to the city’s replacement allocations, which include accounts for fire apparatus, vehicles,
heavy equipment, technology and city facilities. The FY 2021‐22 General Fund budget will continue these
annual transfers, ensuring that equipment will be promptly repaired or replaced when it has reached the
end of its useful life.
The FY 2021‐22 Adopted Budget also continues council’s commitment to cash funding capital projects
whenever possible. There are nearly $10.2 million in street improvements, $6.2 million in water system
improvements, $3.8 million in wastewater system improvements, $2 million in park improvements, and
$425,000 in drainage system improvements included in FY 2021‐22. The total capital project investment,
all of which will be cash funded, is approximately $22.6 million.
Looking ahead, the city’s Capital Improvements Plan forecasts $108.5 million in city capital expenditures
over the next five years and anticipates issuing $50.4 million in debt, or 46.4%. The proposed debt includes
the issuance of up to $25 million for street system improvements, $14.3 million for water system
improvements, and $11.1 million for wastewater system improvements.
Debt issuances on the horizon can be found in the city’s five‐year Capital Improvements Plan. Below is a
list of the projects related to the proposed debt issuances:
Old Town Keller East/Bates Street projects
Whitley Road Reconstruction project
2023 SWIFT project
Pump Station Rehabilitation
Johnson Road 12” Water Lines
22
