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Funding Sources Uses
Funding Sources Uses
Expenditures
IncreasedParkOperatingLevy
ParkCapital
StreetCapital
IncreasedStreetOperatingCosts
1
2017
3,000,000
8,000,000
21,200,000
800,000
StreetsandParksPlanExpendituresNewOperatingandCapital
33,000,000 33,538,000
34,087,900
34,649,972
35,224,495
35,971,755
39,126,747
39,958,863
FinancingCosts(PrincipalandInterest)
TotalAnnualExpenditures
1,550,000
33,000,000 35,088,000
3,210,000
37,297,900
5,030,000
39,679,972
7,080,000
42,304,495
9,200,000
45,171,755
17,670,000
56,796,747
19,700,000
59,658,863
SourcesofFunds
LevyOffsetsfrom2016Budget
ReducePensionLevyfrom2016
ReplaceParkBoardTreeLevy
NonPropertyTaxRevenues
Salestaxhigherthan2016Budget
Increaseinstormwaterfees
BondProceeds(issuedwith10yearterm)
Cash($31M)*
TotalannualnewpropertytaxesforParksandStreet
2017
2
2018
3,090,000
8,000,000
21,624,000
824,000
2018
3
2019
3,182,700
8,000,000
22,056,480
848,720
4
2020
3,278,181
8,000,000
22,497,610
874,182
5
2021
3,376,526
8,000,000
22,947,562
900,407
6
2022
3,477,822
8,160,000
23,406,513
927,419
7
2023
3,582,157
8,323,200
23,874,643
955,242
2019
2020
2021
2022
Totalannuallevyincrease
TotalProjectedLevyOverallBudget
2016
2024
9
2025
3,800,310
8,659,457
24,839,179
1,013,416
2025
10
2026
3,914,320
8,832,646
25,335,962
1,043,819
11
2027
4,031,749
9,009,299
25,842,682
1,075,133
2026
2027
5,000,000 5,000,000
4,000,000
3,000,000
2,000,000
1,800,000
1,800,000
1,800,000
1,000,000
1,500,000
13,200,000
9,000,000
3,300,000
1,020,100
1,530,150
15,500,000
7,500,000
7,747,650
1,030,301
1,545,452
17,500,000
6,500,000
10,104,220
1,040,604
1,560,906
18,100,000
19,602,985
1,051,010
1,576,515
18,300,000
22,444,229
1,061,520
1,592,280
18,200,000
25,431,442
1,082,857
1,624,285
17,700,000
31,695,221
1,093,685
1,640,528
17,300,000
34,962,534
1,104,622
1,656,933
16,800,000
38,297,308
56,796,747
59,658,863
1,010,000
1,515,000
14,200,000
8,000,000
5,363,000
TotalAnnualBudgetforParksandStreetPlan
33,000,000 35,088,000 37,297,900 39,679,972 42,304,495 45,171,755
*Cashsourcesinclude:$6Mfromconventioncenter,$1M$3Mfromintergovernmental,$8Mfromselfinsuranceand$13M$15frombonddebtservicereserve.
ImpactsonCityandParkBoardLevies
ProjectedannualincreaseinthebaseCityandPark
Boardcurrentservicelevel(CSL)propertytaxlevy
Projectedannualincreaseinpropertytaxlevy
attributabletoParkandStreetsPlan
2023
8
2024
3,689,622
8,489,664
24,352,136
983,899
2017
2018
2019
2020
2021**
2022
2023
1,072,135
1,608,203
18,000,000
28,514,982
2024
2025
2026
2027
11,175,009 11,944,887
11,916,930
10,878,241
12,022,152
12,442,928
14,278,546
14,778,295
3,300,000 2,063,000
2,384,650
2,356,570
9,498,766
2,841,244
3,267,313
3,334,774
14,475,009 14,007,887
14,301,580
13,234,811
21,520,918
15,284,172
17,545,859
18,113,069
340,359,476
353,594,287
375,115,205
390,399,376
457,199,528
475,312,597
ProjectedBaseCSLAnnualPlanPercentageLevyInc.
3.76%
3.87%
3.72%
3.27%
3.31%
3.32%
ProjectedParkOperatingIncrease(onetime)$3M
1.01%
RemainingParkandStreetsPlanPercentageLevyInc.
0.10%
0.66%
0.73%
0.69%
2.69%
0.76%
TotalCityandParkBoardLevy%increase
4.86%
4.53%
4.45%
3.96%
5.99%
4.07%
**Thelargerlevyincreasein2021ispredicatedonthedecertificationoftheConsolidatedTIFdistrictin2020whichwillincreasethetaxabletaxcapacityin2021.
3.30%
3.28%
3.26%
3.25%
3.23%
0.77%
4.06%
0.76%
4.04%
0.75%
4.02%
0.74%
3.99%
0.73%
3.96%
12
2028
4,152,702
9,189,485
26,359,535
1,107,387
19
2035
5,107,299
10,555,830
30,278,820
1,361,946
20
2036
5,260,518
10,766,947
30,884,397
1,402,805
47,303,896
48,314,667
16,400,000
63,703,896
14,330,000
62,644,667
2028
13
2029
4,277,283
9,373,275
26,886,726
1,140,609
2029
14
2030
4,405,601
9,560,741
27,424,461
1,174,827
2030
15
2031
4,537,769
9,751,955
27,972,950
1,210,072
2031
16
2032
4,673,902
9,946,994
28,532,409
1,246,374
2032
17
2033
4,814,119
10,145,934
29,103,057
1,283,765
2033
18
2034
4,958,543
10,348,853
29,685,118
1,322,278
2034
2035
2036
1,800,000
1,800,000
1,115,668
1,673,503
15,000,000
41,529,939
1,184,304
1,776,457
60,064,031
1,196,147
1,794,221
58,913,527
1,208,109
1,812,163
57,824,394
63,703,896
62,644,667
2028
1,126,825
1,690,238
13,000,000
44,840,830
2029
1,138,093
1,707,140
10,800,000
48,170,396
2030
1,149,474
1,724,211
8,200,000
51,589,061
2031
1,160,969
1,741,453
5,300,000
55,057,257
2032
1,172,579
1,758,868
2,000,000
58,555,429
2033
2034
2035
2036
19,460,192
20,141,299
(1,150,504) (1,089,133)
18,309,689
19,052,166
634,379,210
653,431,375
3.22%
3.21%
3.19%
3.18%
3.17%
3.16%
3.16%
3.16%
3.17%
0.68%
3.90%
0.67%
3.88%
0.65%
3.84%
0.64%
3.83%
0.63%
3.80%
0.61%
3.77%
0.25%
3.41%
0.19%
2.97%
0.17%
3.00%