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Fiscal Year 2025 Budget Adoption_Hearing Copyrighted April 15, 2024 City of Dubuque Public Hearings # 04. City Council Meeting ITEM TITLE: Fiscal Year2025 BudgetAdoption SUMMARY: Proof of publication on notice of public hearing to consider Mayor and City Council approval of the amended Fiscal Year 2025 budget recommendation with a property tax rate of $9.92638, a 0.25% increase from Fiscal Year 2024, and City Manager recommending approval. RESOLUTION Adoption of Budget and Certification of City Taxes RESOLUTION Adopting the City of Dubuque Fiscal Year 2025 Annual Budget RESOLUTION Adopting the City of Dubuque Five Year Capital Improvement Program SUGGESTED Suggested Disposition: Receive and File;Adopt Resolution(s) DISPOSITION: ATTACHMENTS: Description Type MVM Memo_Updated 4.15.24 Supporting Documentation MVM Memo City Manager Memo FY25 Revised Budget Recommendation_Staff Staff Memo Memo Updated 4.15.24 FY25 Revised Budget Recommendation_Staff Memo Staff Memo FY25 State Budget Forms Supporting Documentation Resolution Resolutions FY25 Operating Budget Resolution Resolutions FY25 Capital Budget Resolution Resolutions Public Input on FY2025 Budget Supporting Documentation Dubuque THE CITY QF � All-Meriea Ciry DLT B E ; . � . � �� MaSt� Z�C� aYd t�Q Mt55ZSSZ Z zoa�•zoiz•�ai3 YP pp za��*zai� TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Amended Fiscal Year 2025 Budget Recommendation DATE: April 11, 2024 Chief Financial Officer Jennifer Larson is recommending adoption of the Fiscal Year 2025 City budget. The Fiscal Year 2025 Budget Recommendation was presented to City Council on March 25, 2024. There have been changes that have resulted in an Amended Fiscal Year 2025 Budget Recommendation. Fiscal Year 2025 Proposed Property Tax Levy The City Council approved a maximum property tax levy in FY25 of $9.92637 and maximum property tax dollars of$27,530,253 on March 25, 2024. The maximum levy that can be adopted by City Council is $9.92637. The Fiscal Year 2025 Budget Recommendation and the Amended Fiscal Year 2025 Budget Recommendation proposes the recommended property tax rate of$9.92637 or $27,530,253 in total property tax dollars. This is the same as the original recommendation. Fiscal Year 2025 Amended Budqet Recommendation The following changes occurred after the Fiscal Year 2025 Budget Recommendation was presented to the Mayor and City Council on March 25, 2024. Road Use Tax Fund Public Works Department During goal setting sessions in August 2023, City Council identified street maintenance and rehabilitation programming as a top priority for the 2023-2025 policy agenda. With the conclusion of winter operations, a re-evaluation was conducted to maximize the outcomes of this top-priority. Public Works evaluated current and historical salt inventory, impact to salt partners, creatively adjusting summer project staffing, and reviewing nonannual revenues. I am now recommending that the Public Works Asphalt Overlay Program for calendar year 2024 be increased from the originally recommended 5 miles to a total of 8 miles. There is no impact on the property tax rate. Police Department During the Fiscal Year 2025 budget process, an improvement package to conduct a building and space study was requested for a non-recurring cost of$50,000. This improvement package was not recommended as it was not available in the budget at that time. With the numerous vacancies in the Police Department a source of funds has been identified for this one-time expense. There is no impact on the property tax rate. Enterprise Funds Solid Waste Collection The Fiscal Year 2025 Budget Recommendation includes an 8.97% increase in the refuse fee. This is the same as the original recommendation. Solid Waste Collection Rate Comparison for Eight Largest lowa Cities (With Weekly Collection of Refuse, Recycling, and Yard Waste Included in Monthly Fee) $30.00 �29.83 $25.00 $21.00 $21.50 $21.89 $22.64 $22.64 $20.00 $19.00 $16.64 �17.25 $15.00 $10.00 $5.00 $- Sioux Dubuque Waterloo Council lowa City Avg. w/o Ankeny Cedar Ames City Bluffs Dubuque Rapids The highest rate (Ames) is 73% higher than Dubuque's rate, and the average is 27% higher than Dubuque. 2 Water The Fiscal Year 2025 Budget Recommendation includes a 12.00% increase in the water user fee. This is the same as the original recommendation. Water Rate Comparison Seven Largest lowa Cities With Water Softening $50 $45 $44.21 $41.91 $41.92 $40 $37.48 �39.06 $39.07 $36.49 $35 $32.40 $30 $25 $20 $15 $10 $5 $0 Council Ames lowa City Dubuque Average Cedar Des West Des Bluffs w/o Rapids Moines Moines Dubuque Dubuque's water is some of the best in the world! The highest rate (West Des Moines) is 13% higher than Dubuque's rate, and the average is 0.02% higher than Dubuque. Sanitary Sewer The Fiscal Year 2025 Budget Recommendation includes a 9.00% increase in the sanitary sewer user fee. This is the same as the original recommendation. 3 Sanitary Sewer Rate Comparison Eleven Largest Cities in lowa $70 �60 $53.29 $54.82 $58.83 $60.08 $50 $45.84 �50.30 $40 $36.26 $36.66 $38.72 $39.70 $41.78 $42.77 �20 � � � $10 $0 �oo \�� G�� 5 .a5 ��5 Q�� G�� Q�� o�� 5 5�� G�Q� o�a P� `�a�` �o� �•�� o�,+ P�•� �� Q �o� .� a �`' o °�• p �� ' Go� \ G�� ,�O �\ O �� a�� P� The highest rate (Des Moines) is 7% higher than Dubuque's rate, and the average is 16% lower than Dubuque. Stormwater The Fiscal Year 2025 Budget Recommendation included a 15% increase in the stormwater user fee from $10.00 to $11.50. This revised budget recommendation reduces the increase in the stormwater user fee to a 5°/a increase, from $10.00 to $10.50. An additional $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant has been received for the Bee Branch Gate & Pump Replacement project, increasing the grant total to $28.2 million for the project. In addition, in Fiscal Year 2025, Dubuque Racing Association Distribution funds are being redirected from the Bee Branch Gate & Pump Replacement project to pay debt service of existing stormwater general obligation bonds in the amount of$385,747. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. 4 Stormwater Rate Comparison Ten Largest Cities in lowa �20 ��$ $17.60 $16 �$14 ��2 $10.50 $10 $9.40 $8.08 �g $6.50 $��04 $6 $5.00 $5.20 $5.50 $4 $2.80 $3.24 � � $2 $0 G``� ��°�'` ��°o .��5 G``� �� o.�e �.�� o�� d.�"� o�� \o�+ �� ' P o�� P� ��° .�� ` ��° �` 5 Q � � �� G��.� �� Q� 5 �ta� S� P� The highest rate (Des Moines) is 67% higher than Dubuque's rate, and the average is 33% lower than Dubuque. The amended Fiscal Year 2025 budget recommendation includes a reduction of the recommended stormwater user fee from $11.50 to $10.50, which is a 5% ($0.50) increase from FY2024, the current fiscal year. Recommendation If this amended Fiscal Year 2025 budget recommendation is approved with a property tax rate of $9.92637, we will have met the Fiscal Year 2025 budget guidelines adopted by the City Council at the March 25, 2024, City Council meeting. The City Council adopted a guideline of a property tax increase for the average residential property owner of 5.00%. The recommended property tax increase for the average residential property owner is 5.00%. 5 Property Tax Rate Comparison Eleven Largest lowa Cities $25 $22.42 $20 $17.56 $�7•85 $18.16 $15.63 $15.70 �16.47 $16.61 $15 $11.72 $9.93 $10.09 $10.53 $10 � � $5 � $0 ��e P�eS P��e�.� �O\,�e5 �aG��.� ��.e ��d5 ,e�Qo��' �o�.�.e� . ��.�5 �G��.� �e��oo O ��Oe� \o �\OO Geaa.� O� Oe� Go�� c�\°� �a� �e e��e P� Dubuque has the LOWEST property tax rate as compared to the eleven largest cities in the state. The highest rate (Waterloo) is 126% higher than Dubuque's rate, and the average is 58% higher than Dubuque's rate. Dubuque's recommended FY 2025 property tax is $9.9264 (increase of +0.25 from FY 2024). Comparison for Eleven Largest lowa Cities Taxable Value Per Capita $1,400 $1,330.76 $1,200 $1,000 $863.16 $877.04 $887.65 $892.37 $931.87 $943.56 $972.39 $978.03$1,029.89 $800 $600 $543.88 $579.01 $400 $200 � $0 P�eS ��.e �G��.� o\,�e5 ��e�.� e�,�o� ��e �G��.� a,��d5 �.e�� . Q�� o`�e� O�' g�� e5�` P ��J O�' �o� �.�� a �� e5� O �e�� Gea Go`� �ey,�0 �e�a P Dubuque is the SECOND LOWEST taxes per capita as compared to the eleven largest cities in the state. The highest (West Des Moines) is 130% higher than Dubuque's taxes per capita, and the average is 71% higher than Dubuque. 6 The Fiscal Year 2025 Amended Budget Recommendation as compared to the adopted Fiscal Year 2024 Budget is as follows: Adopted Amended $ % FY24 FY25 Difference Difference Property Tax Rate $9.90135 $9.92638 +$0.02503 +0.25% Propert Tax Askin $26,623,300 $28,223,481 +$1,600,181 +6.01% Taxable Valuation in Millions $2,684,507 $2,837,887 +153,380 +5.71% Avera e Residential Pa ment $815.07 $885.82 +$40.75 +5.00% Average Commercial Payment $3,328.86 $4,179.49 +$850.63 +25.55% Average Industrial Property $4,817.26 $5,004.59 +$187.33 +3.89% The Fiscal Year 2025 Amended Budget Recommendation has not changed the property tax impact from when first presented to City Council on March 25, 2024. Debt The five-year debt schedule has changed from what was originally submitted to City Council because of the stormwater debt reduction with the City receiving an $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. In August 2015, the Mayor and City Council adopted a debt reduction strategy which targeted retiring more debt each year than was issued by the City. The recommended FY 2025 budget will achieve that target in FY 2027, FY 2028, and FY 2029. However, Fiscal Year 2025 and Fiscal Year 2026 will exceed the target due to issuing necessary debt for Five Flags, Water Lead Lines, PFAS, Chaplain Schmitt Island lowa Amphitheater and other important projects leveraging grants and forgivable State Revolving Fund loans. You can see that the Mayor and City Council have significantly impacted the City's use of the statutory debt limit established by the State of lowa. In Fiscal Year 2015, the City of Dubuque used 90% of the statutory debt limit. In this budget recommendation, the Mayor and City Council are currently reviewing for Fiscal Year 2025, the use of the statutory debt limit would be 34.85%, and by the end of the recommended 5-Year Capital Improvement Program (CIP) budget in Fiscal Year 2029, the City of Dubuque would be at 35.65% of the statutory debt limit. The 5-Year CIP includes $3.285 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit. This is an improvement on the debt reduction plan adopted in August 2015, that first began implementation in Fiscal Year 2016. 7 Statutory Debt Limit Used {as of June 30th} 10�%90°/a o 87/o 0 °79% 79% o $7° 72% ' .':,74%70% 75/0 6% 0 66%66%G2% �I II II I 60/o 53% 5U% 47"%44%43% 4d% o 36% 35%37/0 35%34%36% o � 32/o 0 2 %26%23%20% 25/o _o,o ��nn�nn��n� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � j � y � j N N N N N N N N N N W W W W W V1 O? �1 QO � O s N W � CT� Q1 �I Oo CP O j N W A �FY16 Adopted � FY25 Recommended By the end of the Recommended 5- Year Capital Improvement Program (CIP) budget, the total amount of debt for the City of Dubuque would be $281.17 million (35.65% of the statutory debt limit), which includes $285,000 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit, and the projection is to be at $173.45 million (20.47% of statutory debt limit) within 10 years. Total Debt (In Millions) $324 $302.3 II II II �� II II II I �� $297 S2sa� �� g2as.s � $295.5 $282.0 $279.9 $284.2 $280.2 $281.2 $274. $285.5 $265.6 $267.4 $270 $274.6 $255.9 $2��• 55.5 � � $264.4 $250.6 C � ° $243 � $252.1 $252.1 235. � � �� $ .3 $241.4 $231. $216 S22sz $213. � $189 ��II $193. $162 $�73.5 FY16 FY17 FY18 FY19 FY20 FY29 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY16 Adopted �FY25 Recommended $ Retired Debt Versus New Debt The total City indebtedness as of June 30, 2024, is projected to be $254,734,006 (40.67% of statutory debt limit). The total City indebtedness as of June 30, 2015, was $295,561,181 (69.45°/o of statutory debt limit). The City is projected to have $2,805,882 more in debt as of June 30, 2024. This amount includes $3 million issued for the Chaplain Schmitt Island - lowa Amphitheater project which will be paid by the DRA. The following chart shows the amount of retired debt as compared to new debt. The new debt includes new debt issuances as well as draw downs on existing state revolving fund loans: Retired Debt Versus New Debt (In Millions) $45 $40 J�� $sa.os �� $36.82 $36.05 �� $30 J❑❑❑❑❑❑� $27.92 $28.19 ��❑ �� $25. $26.35 $2T.78 6.44 $25.27 � $25 $23.29 $23. O - $20• 0.56 $20.33 $20.27 $20.64 � $20 $17.89 $77.06 $18.05 $17.72 $18.81 9.11 $16.21 $15 $�a.3o $18.49 7 14.92 $10 � � $10.48 $5 .00 .00 .00 .00 .00 $0 cp � m rn o c� m v �n co � ao rn o N m � (V N N N N N N N N N M M M M M } } } } } } } } } } } } } } } } } } } lL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL � Retired Debt � New Debt *In Fiscal Year 2020,the City had$5,908,200 forgiven of the Bee Branch Upper Bee Branch Loan on June 30, 2020 which increased principal payments reflected. �*In Fiscal Year 2026, it is projected$2,494,896 of SRF debt will be forgiven as part of the Private Lead Service Line Replacement project General Fund Reserves The City maintains a general fund reserve, or working balance, to allow for unforeseen expenses that may occur. Moody's Investor Service recommends a 30% General Fund Operating Reserve for "AA" rated cities. In July 2023, Moody's Investor Service upgraded the City's outstanding general obligation bonds from Aa3 to Aa2, as well as the outstanding Sales Tax Increment Revenue bonds from A2 to A1. Notable credit factors include strong financial operations and ample revenue-raising flexibility, which has resulted in steadily improved available fund balance and cash. The City serves as a regional 9 economic center and its regional economic growth rate has outpaced the nation over the past five years. In May 2021, Moody's Investor Service upgraded the City's Water Enterprise's outstanding revenue bonds from A1 to A2 and affirmed the Aa3 credit rating on general obligation bonds. Notable credit factors include a sizable tax base, a wealth and income profile that is slightly below similarly rated peers, and increased financial position that will decline in fiscal years 2021 and 2022 and somewhat elevated debt and pension liabilities. These credit ratings are affirmation of the sound fiscal management of the mayor and city council, put Dubuque in a strong position to capitalize on favorable financial markets, borrow at low interest rate when necessary, and make critical investments in the community. Fund Reserve as a Percent of General Fund and Enterprise Fund Re�enue New Maody's Methodology 55 45 ��C o 45A9%45.25% � �� 40 1� 40.72/0 4021% 0 35.17% � 35 0 31.24% 30.14%30_14%30.14%30.14% U 3� 29.06/o a 25 23.81% 20 � 15 10 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 FY28 FY29 Fiscal Year The City of Dubuque has historically adopted a general fund reserve policy as part of the Fiscal and Budget Policy Guidelines which is adopted each year as part of the budget process. During Fiscal Year 2013, the City adopted a formal Fund Reserve Policy which states the City may continue to add to the General Fund minimum balance of 10% when additional funds are available until 20% of Net General Fund Operating Cost is reached. During Fiscal Year 2024, the General Fund minimum balance was increased to 25%. After all planned expenditures in FY 2024, the City of Dubuque will have a general fund reserve of 41.97% of general fund revenues as a percent of general fund revenues computed by the accrual basis or 40.21% of general fund, debt service, and enterprise fund revenues as computed by the accrual basis methodology now used by Moody's 10 Investors Service. The general fund reserve cash balance is projected to be $46,304,790 on June 30, 2024, as compared to the general fund reserve balance on an accrual basis of $29,659,518. The general fund reserve balance on an accrual basis exceeds 27% in FY 2024, which is the margin of error used to ensure the City always has a general fund reserve of at least 25% as computed by Moody's Investors Service. In Fiscal Year 2017, the City had projected reaching this consistent and sustainable 20% reserve level in Fiscal Year 2022. In fact, the City met the 20% reserve requirement in FY 2017, five years ahead of schedule and has sustained a greater than 20% reserve. i i i - i i . i i : � � Contribution $— $— $— $— $— $— $— $— City's Spendable General Fund $41,259,518 $35,459,518 $29,659,518 $23,859,518 $18,059,518 $18,059,518 $18,059,518 $18,059,518 Cash Reserve Fund Balance % of Projected 49.16% 50.18% 41.97% 33.76% 25.56% 25.56% 25.56% 25.56% Revenue Recommendation This recommendation would have the following impact on the different classes of property: • • . • • • . • . '�� • • • ! � • • " ' . . . � � _ � FY24 FY25 Rroperty Tax Property Tax Difference Number of • ` • Payment Payment Properties . - . - � : � i � . � � i � � i i � i � . i � � � � i i i : � . i � � � 1 1 � � � ' � ' � � � 11 � • � • � ' • . � ' � . � + . 11 There were seven City Council special meetings held prior to the adoption of the FY 2025 budget before the state-mandated deadline of April 15, 2024. I want to thank Chief Financial Officer Jennifer Larson, Assistant City Manager Cori Burbach, Public Information Officer Randy Gehl, Budget Manager Laura Bendorf, Budget/Financial Analyst Nathan Kelleher, Budget/Financial Analyst Robyn Hosch, Budget/Financial Analyst Joe Link, and Executive Assistant Stephanie Valentine for all their hard work and dedication in preparation of this budget recommendation. I respectfully recommend Mayor and City Council approval of the amended Fiscal Year 2025 budget recommendation with a property tax rate of $9.92638, a 0.25% increase from Fiscal Year 2024. v Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jennifer Larson, Chief Financial Officer 12 Dubuque THE CITY QF � All-Meriea Ciry DLT B E ; . � . � �� MaSt� Z�C� aYd t�Q Mt55ZSSZ Z zoa�•zoiz•�ai3 YP pp za��*zai� TO: The Honorable Mayor and City Council Members FROM: Michael C. Van Milligen, City Manager SUBJECT: Amended Fiscal Year 2025 Budget Recommendation DATE: April 11, 2024 Chief Financial Officer Jennifer Larson is recommending adoption of the Fiscal Year 2025 City budget. The Fiscal Year 2025 Budget Recommendation was presented to City Council on March 25, 2024. There have been changes that have resulted in an Amended Fiscal Year 2025 Budget Recommendation. Fiscal Year 2025 Proposed Property Tax Levy The City Council approved a maximum property tax levy in FY25 of $9.92637 and maximum property tax dollars of$27,530,253 on March 25, 2024. The maximum levy that can be adopted by City Council is $9.92637. The Fiscal Year 2025 Budget Recommendation and the Amended Fiscal Year 2025 Budget Recommendation proposes the recommended property tax rate of$9.92637 or $27,530,253 in total property tax dollars. This is the same as the original recommendation. Fiscal Year 2025 Amended Budqet Recommendation The following changes occurred after the Fiscal Year 2025 Budget Recommendation was presented to the Mayor and City Council on March 25, 2024. Road Use Tax Fund Public Works Department During goal setting sessions in August 2023, City Council identified street maintenance and rehabilitation programming as a top priority for the 2023-2025 policy agenda. With the conclusion of winter operations, a re-evaluation was conducted to maximize the outcomes of this top-priority. Public Works evaluated current and historical salt inventory, impact to salt partners, creatively adjusting summer project staffing, and reviewing nonannual revenues. I am now recommending that the Public Works Asphalt Overlay Program for calendar year 2024 be increased from the originally recommended 5 miles to a total of 8 miles. There is no impact on the property tax rate. Police Department During the Fiscal Year 2025 budget process, an improvement package to conduct a building and space study was requested for a non-recurring cost of$50,000. This improvement package was not recommended as it was not available in the budget at that time. With the numerous vacancies in the Police Department a source of funds has been identified for this one-time expense. There is no impact on the property tax rate. Enterprise Funds Solid Waste Collection The Fiscal Year 2025 Budget Recommendation includes an 8.97% increase in the refuse fee. This is the same as the original recommendation. Solid Waste Collection Rate Comparison for Eight Largest lowa Cities (With Weekly Collection of Refuse, Recycling, and Yard Waste Included in Monthly Fee) $30.00 �29.83 $25.00 $21.00 $21.50 $21.89 $22.64 $22.64 $20.00 $19.00 $16.64 �17.25 $15.00 $10.00 $5.00 $- Sioux Dubuque Waterloo Council lowa City Avg. w/o Ankeny Cedar Ames City Bluffs Dubuque Rapids The highest rate (Ames) is 73% higher than Dubuque's rate, and the average is 27% higher than Dubuque. 2 Water The Fiscal Year 2025 Budget Recommendation includes a 12.00% increase in the water user fee. This is the same as the original recommendation. Water Rate Comparison Seven Largest lowa Cities With Water Softening $50 $45 $41.91 $41.92 $44.21 $40 $37.48 $39.06 $39.07 $36.49 $35 $32.40 $30 $25 $20 $15 $10 $5 $0 Council Ames lowa City Uubuque Average Cedar Ues West Des Bluffs w/o Rapids Moines Moines Dubuque Dubuque's water is some of the best in the world! The highest rate (West Des Moines) is 13% higher than Dubuque's rate, and the average is 0.02% higher than Dubuque. Sanitary Sewer The Fiscal Year 2025 Budget Recommendation includes a 9.00% increase in the sanitary sewer user fee. This is the same as the original recommendation. 3 Sanitary Sewer Rate Comparison Eleven Largest Cities in lowa $70 �60 $53.29 $54.82 $58.83 $60.08 $50 $45.84 �50.30 $40 $36.26 $36.66 $38.72 $39.70 $41.78 $42.77 �20 � � � $10 $0 �oo \�� G�� 5 .a5 ��5 Q�� G�� Q�� o�� 5 5�� G�Q� o�a P� `�a�` �o� �•�� o�,+ P�•� �� Q �o� .� a �`' o °�• p �� ' Go� \ G�� ,�O �\ O �� a�� P� The highest rate (Des Moines) is 7% higher than Dubuque's rate, and the average is 16% lower than Dubuque. Stormwater The Fiscal Year 2025 Budget Recommendation included a 15% increase in the stormwater user fee from $10.00 to $11.50. This revised budget recommendation reduces the increase in the stormwater user fee to a 5°/a increase, from $10.00 to $10.50. An additional $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant has been received for the Bee Branch Gate & Pump Replacement project, increasing the grant total to $28.2 million for the project. In addition, in Fiscal Year 2025, Dubuque Racing Association Distribution funds are being redirected from the Bee Branch Gate & Pump Replacement project to pay debt service of existing stormwater general obligation bonds in the amount of$385,747. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. 4 Stormwater Rate Comparison Ten Largest Cities in lowa �20 ��$ $17.60 $16 �$14 ��2 $10.50 $10 $9.40 $8.08 �g $6.50 $��04 $6 $5.00 $5.20 $5.50 $4 $2.80 $3.24 � � $2 $0 G``� ��°�'` ��°o .��5 G``� �� o.�e �.�� o�� d.�"� o�� \o�+ �� ' P o�� P� ��° .�� ` ��° �` 5 Q � � �� G��.� �� Q� 5 �ta� S� P� The highest rate (Des Moines) is 67% higher than Dubuque's rate, and the average is 33% lower than Dubuque. The amended Fiscal Year 2025 budget recommendation includes a reduction of the recommended stormwater user fee from $11.50 to $10.50, which is a 5% ($0.50) increase from FY2024, the current fiscal year. Recommendation If this amended Fiscal Year 2025 budget recommendation is approved with a property tax rate of $9.92637, we will have met the Fiscal Year 2025 budget guidelines adopted by the City Council at the March 25, 2024, City Council meeting. The City Council adopted a guideline of a property tax increase for the average residential property owner of 5.00%. The recommended property tax increase for the average residential property owner is 5.00%. 5 Property Tax Rate Comparison Eleven Largest lowa Cities $25 $22.42 $20 $17.56 $�7•85 $18.16 $15.63 $15.70 �16.47 $16.61 $15 $11.72 $9.93 $10.09 $10.53 $10 � � $5 � $0 ��e P�eS P��e�.� �O\,�e5 �aG��.� ��.e ��d5 ,e�Qo��' �o�.�.e� . ��.�5 �G��.� �e��oo O ��Oe� \o �\OO Geaa.� O� Oe� Go�� c�\°� �a� �e e��e P� Dubuque has the LOWEST property tax rate as compared to the eleven largest cities in the state. The highest rate (Waterloo) is 126% higher than Dubuque's rate, and the average is 58% higher than Dubuque's rate. Dubuque's recommended FY 2025 property tax is $9.9264 (increase of +0.25 from FY 2024). Comparison for Eleven Largest lowa Cities Taxable Value Per Capita $1,400 $1,330.76 $1,200 $1,000 $863.16 $877.04 $887.65 $892.37 $931.87 $943.56 $972.39 $978.03$1,029.89 $800 $600 $543.88 $579.01 $400 $200 � $0 P�eS ��.e �G��.� o\,�e5 ��e�.� e�,�o� ��e �G��.� a,��d5 �.e�� . Q�� o`�e� O�' g�� e5�` P ��J O�' �o� �.�� a �� e5� O �e�� Gea Go`� �ey,�0 �e�a P Dubuque is the SECOND LOWEST taxes per capita as compared to the eleven largest cities in the state. The highest (West Des Moines) is 130% higher than Dubuque's taxes per capita, and the average is 71% higher than Dubuque. 6 The Fiscal Year 2025 Amended Budget Recommendation as compared to the adopted Fiscal Year 2024 Budget is as follows: Adopted Amended $ % FY24 FY25 Difference Difference Property Tax Rate $9.90135 $9.92638 +$0.02503 +0.25% Propert Tax Askin $26,623,300 $28,223,481 +$1,600,181 +6.01% Taxable Valuation in Millions $2,684,507 $2,837,887 +153,380 +5.71% Avera e Residential Pa ment $815.07 $885.82 +$40.75 +5.00% Average Commercial Payment $3,328.86 $4,179.49 +$850.63 +25.55% Average Industrial Property $4,817.26 $5,004.59 +$187.33 +3.89% The Fiscal Year 2025 Amended Budget Recommendation has not changed the property tax impact from when first presented to City Council on March 25, 2024. Debt The five-year debt schedule has changed from what was originally submitted to City Council because of the stormwater debt reduction with the City receiving an $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. In August 2015, the Mayor and City Council adopted a debt reduction strategy which targeted retiring more debt each year than was issued by the City. The recommended FY 2025 budget will achieve that target in FY 2027, FY 2028, and FY 2029. However, Fiscal Year 2025 and Fiscal Year 2026 will exceed the target due to issuing necessary debt for Five Flags, Water Lead Lines, PFAS, Chaplain Schmitt Island lowa Amphitheater and other important projects leveraging grants and forgivable State Revolving Fund loans. You can see that the Mayor and City Council have significantly impacted the City's use of the statutory debt limit established by the State of lowa. In Fiscal Year 2015, the City of Dubuque used 90% of the statutory debt limit. In this budget recommendation, the Mayor and City Council are currently reviewing for Fiscal Year 2025, the use of the statutory debt limit would be 34.85%, and by the end of the recommended 5-Year Capital Improvement Program (CIP) budget in Fiscal Year 2029, the City of Dubuque would be at 35.65% of the statutory debt limit. The 5-Year CIP includes $3.285 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit. This is an improvement on the debt reduction plan adopted in August 2015, that first began implementation in Fiscal Year 2016. 7 Statutory Debt Limit Used {as of June 30th} 10�%90°/a o 87/o 0 °79% 79% o $7° 72% ' .':,74%70% 75/0 6% 0 66%66%G2% �I II II I 60/o 53% 5U% 47"%44%43% 4d% o 36% 35%37/0 35%34%36% o � 32/o 0 2 %26%23%20% 25/o _o,o ��nn�nn��n� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � j � y � j N N N N N N N N N N W W W W W V1 O? �1 QO � O s N W � CT� Q1 �I Oo CP O j N W A �FY16 Adopted � FY25 Recommended By the end of the Recommended 5- Year Capital Improvement Program (CIP) budget, the total amount of debt for the City of Dubuque would be $281.17 million (35.65% of the statutory debt limit), which includes $285,000 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit, and the projection is to be at $173.45 million (20.47% of statutory debt limit) within 10 years. Total Debt (In Millions) $324 $302.3 II II II �� II II II I �� $297 S2sa� �� g2as.s � $295.5 $282.0 $279.9 $284.2 $280.2 $281.2 $274. $285.5 $265.6 $267.4 $270 $274.6 $255.9 $2��• 55.5 � � $264.4 $250.6 C � ° $243 � $252.1 $252.1 235. � � �� $ .3 $241.4 $231. $216 S22sz $213. � $189 ��II $193. $162 $�73.5 FY16 FY17 FY18 FY19 FY20 FY29 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY16 Adopted �FY25 Recommended $ Retired Debt Versus New Debt The total City indebtedness as of June 30, 2024, is projected to be $254,734,006 (40.67% of statutory debt limit). The total City indebtedness as of June 30, 2015, was $295,561,181 (69.45°/o of statutory debt limit). The City is projected to have $2,805,882 more in debt as of June 30, 2024. This amount includes $3 million issued for the Chaplain Schmitt Island - lowa Amphitheater project which will be paid by the DRA. The following chart shows the amount of retired debt as compared to new debt. The new debt includes new debt issuances as well as draw downs on existing state revolving fund loans: Retired Debt Versus New Debt (In Millions) $45 $40 J�� $sa.os �� $36.82 $36.05 �� $30 J❑❑❑❑❑❑� $27.92 $28.19 ��❑ �� $25. $26.35 $2T.78 6.44 $25.27 � $25 $23.29 $23. O - $20• 0.56 $20.33 $20.27 $20.64 � $20 $17.89 $77.06 $18.05 $17.72 $18.81 9.11 $16.21 $15 $�a.3o $18.49 7 14.92 $10 � � $10.48 $5 .00 .00 .00 .00 .00 $0 cp � m rn o c� m v �n co � ao rn o N m � (V N N N N N N N N N M M M M M } } } } } } } } } } } } } } } } } } } lL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL LL � Retired Debt � New Debt *In Fiscal Year 2020, the City had $5,908,200 forgiven of the Bee Branch Upper Bee Branch Loan on June 30, 2020 which increased principal payments reflected. �*In Fiscal Year 2026, it is projected$2,494,896 of SRF debt will be forgiven as part of the Private Lead Service Line Replacement project General Fund Reserves The City maintains a general fund reserve, or working balance, to allow for unforeseen expenses that may occur. Moody's Investor Service recommends a 30% General Fund Operating Reserve for "AA" rated cities. In July 2023, Moody's Investor Service upgraded the City's outstanding general obligation bonds from Aa3 to Aa2, as well as the outstanding Sales Tax Increment Revenue bonds from A2 to A1. Notable credit factors include strong financial operations and ample revenue-raising flexibility, which has resulted in steadily improved available fund balance and cash. The City serves as a regional 9 economic center and its regional economic growth rate has outpaced the nation over the past five years. In May 2021, Moody's Investor Service upgraded the City's Water Enterprise's outstanding revenue bonds from A1 to A2 and affirmed the Aa3 credit rating on general obligation bonds. Notable credit factors include a sizable tax base, a wealth and income profile that is slightly below similarly rated peers, and increased financial position that will decline in fiscal years 2021 and 2022 and somewhat elevated debt and pension liabilities. These credit ratings are affirmation of the sound fiscal management of the mayor and city council, put Dubuque in a strong position to capitalize on favorable financial markets, borrow at low interest rate when necessary, and make critical investments in the community. Fund Reserve as a Percent of General Fund and Enterprise Fund Re�enue New Maody's Methodology 55 45 ��C o 45A9%45.25% � �� 40 1� 40.72/0 4021% 0 35.17% � 35 0 31.24% 30.14%30_14%30.14%30.14% U 3� 29.06/o a 25 23.81% 20 � 15 10 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 FY28 FY29 Fiscal Year The City of Dubuque has historically adopted a general fund reserve policy as part of the Fiscal and Budget Policy Guidelines which is adopted each year as part of the budget process. During Fiscal Year 2013, the City adopted a formal Fund Reserve Policy which states the City may continue to add to the General Fund minimum balance of 10% when additional funds are available until 20% of Net General Fund Operating Cost is reached. During Fiscal Year 2024, the General Fund minimum balance was increased to 25%. After all planned expenditures in FY 2024, the City of Dubuque will have a general fund reserve of 41.97% of general fund revenues as a percent of general fund revenues computed by the accrual basis or 40.21% of general fund, debt service, and enterprise fund revenues as computed by the accrual basis methodology now used by Moody's 10 Investors Service. The general fund reserve cash balance is projected to be $46,304,790 on June 30, 2024, as compared to the general fund reserve balance on an accrual basis of $29,659,518. The general fund reserve balance on an accrual basis exceeds 27% in FY 2024, which is the margin of error used to ensure the City always has a general fund reserve of at least 25% as computed by Moody's Investors Service. In Fiscal Year 2017, the City had projected reaching this consistent and sustainable 20% reserve level in Fiscal Year 2022. In fact, the City met the 20% reserve requirement in FY 2017, five years ahead of schedule and has sustained a greater than 20% reserve. i i i - i i . i i : � � Contribution $— $— $— $— $— $— $— $— City's Spendable General Fund $41,259,518 $35,459,518 $29,659,518 $23,859,518 $18,059,518 $18,059,518 $18,059,518 $18,059,518 Cash Reserve Fund Balance % of Projected 49.16% 50.18% 41.97% 33.76% 25.56% 25.56% 25.56% 25.56% Revenue Recommendation This recommendation would have the following impact on the different classes of property: • • . • • • . • . '�� • • • ! � • • " ' . . . � � _ � FY24 FY25 Rroperty Tax Property Tax Difference Number of • ` • Payment Payment Properties . - . - � : � i � . � � i � � i i � i � . i � � � � i i i : � . i � � � 1 1 � � � ' � ' � � � 11 � • � • � ' • . � ' � . � + . 11 There were seven City Council special meetings held prior to the adoption of the FY 2025 budget before the state-mandated deadline of April 15, 2024. I want to thank Chief Financial Officer Jennifer Larson, Assistant City Manager Cori Burbach, Public Information Officer Randy Gehl, Budget Manager Laura Bendorf, Budget/Financial Analyst Nathan Kelleher, Budget/Financial Analyst Robyn Hosch, Budget/Financial Analyst Joe Link, and Executive Assistant Stephanie Valentine for all their hard work and dedication in preparation of this budget recommendation. I respectfully recommend Mayor and City Council approval of the amended Fiscal Year 2025 budget recommendation with a property tax rate of $9.92638, a 0.25% increase from Fiscal Year 2024. v Mic ael C. Van Milligen MCVM:sv Attachment cc: Crenna Brumwell, City Attorney Cori Burbach, Assistant City Manager Jennifer Larson, Chief Financial Officer 12 Dubuque THE CTTY OF � D AA-America Ciiy U S E w,��a��,,v:. � � � � �� Maste iece on the Mississi i Z°°'�z°lZ`z°13 � pp zoi�*zo�9 TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Chief Financial Officer SUBJECT: Amended Fiscal Year 2025 Budget Recommendation DATE: April 11, 2024 The Fiscal Year 2025 Budget Recommendation was presented to City Council on March 25, 2024. There have been changes that have resulted in an Amended Fiscal Year 2025 Budget Recommendation. Fiscal Year 2025 Proposed Property Tax Levy The City Council approved a maximum property tax levy in FY25 of $9.92637 and maximum property tax dollars of$27,530,253 on March 25, 2024. The maximum levy that can be adopted by City Council is $9.92637. The Fiscal Year 2025 Budget Recommendation and the Amended Fiscal Year 2025 Budget Recommendation proposes the recommended property tax rate of$9.92637 or $27,530,253 in total property tax dollars. Fiscal Year 2025 Amended Budqet Recommendation The following changes occurred after the Fiscal Year 2025 Budget Recommendation was presented to the Mayor and City Council on March 25, 2024. Road Use Tax Fund Public Works Department During goal setting sessions in August 2023, City Council identified street maintenance and rehabilitation programming as a top priority for the 2023-2025 policy agenda. With the conclusion of winter operations, a re-evaluation was conducted to maximize the outcomes of this top-priority. Public Works evaluated current and historical salt inventory, impact to salt partners, creatively adjusting summer project staffing, and reviewing nonannual revenues (Attachment I). The following adjustments are recommended: 1. Decrease FY 2025 road deicer salt budget from 5,000 tons to 1,500 tons. a. 2023-2024 winter operations utilized less salt this year than the past. There are currently 8,334 tons at the Purina Drive Fabric Salt Depot. b. Reduction in FY25 Road Use Tax expense of$273,874. 2. Increase in Fiscal Year 2024 revenues related to two Federal Emergency Management Agency (FEMA) events totaling $119,549. a. FY24 Reimbursement for COVID-19 event revenue increase $18,000. b. FY24 Reimbursement for 2023 Flood event revenue Increase $101,637. 3. Increase the Fiscal Year 2025 five-mile Asphalt Overlay Program to an eight-mile Asphalt Overlay Program. FY25 Operating Budget increase of $396,783. a. FY25 Tac oil expense increased $6,300. b. FY25 Hot mix asphalt (HMA) expense increased $345,870. c. FY25 Outsourced expense increased $17,313. d. FY25 Manhole ring & lid components expense increased $27,300. 4. Increase the Fiscal Year 2025 five-mile Asphalt Overlay Program related ADA curb ramp replacement from five-mile Asphalt Overlay Program to eight-mile Asphalt Overlay Program. No FY25 Capital Improvement Budget impact. a. No impact to FY2025 expenses due to reallocation of staffing to complete the additional mileage internally. b. Concrete for this project will come from non-street related concrete projects staff will be reallocated from this summer. 5. Recommending approval of improvement package five to purchase street assessment software, $17,000 non-recurring and $3,500 recurring funded by Road Use Tax Funds. a. This will allow a comprehensive analysis of the type of pavement as well as pavement condition index (PCI). Historically staff have completed subjective PCIs and formulated the Asphalt Overlay Program from that listing. This software identifies defect types and street types which would determine streets for the Asphalt Overlay Program. 6. Decrease Fiscal Year 2025 Concrete Section Repair Capital Improvement Project. a. FY25 Concrete Section Repair expense decreased $10,000. b. The concrete section repair capital budget does not impact internal work completed by Public Works employees. The amended Fiscal Year 2025 budget recommendation includes an increase of $116,049 in non-recurring Road Use Tax Expense and $3,500 in recurring Road Use Tax Expense. Unbudgeted Fiscal Year 2024 Federal Emergency Management Agency revenue totaling $119,637 is recommended to fund the amended Fiscal Year 2025 Road Use Tax non-recurring and recurring expense of$119,549. The recurring expense of $3,500 will need to be budgeted in future years. Police Department During the Fiscal Year 2025 budget process, an improvement package to conduct a building and space study was requested for a non-recurring cost of$50,000. This improvement package was not recommended as it was not available in the budget at that time (Attachment II). Historically, 100% of a budget is not spent by the end of the fiscal year and a small, unencumbered balance remains on June 30th. In addition, income sometimes exceeds revenue estimates or there are cost savings resulting in some unanticipated balances at the end of the year. These amounts of unobligated, year-end balances are "carried over" into the new fiscal year to help finance it. The carryover General Fund balance is generally used to help finance the next 2 fiscal year budget and reduce the demand for increased taxation. The available carryover General Fund balance that has normally been budgeted is $200,000. Due to the continued vacancies in the Police Department, the available carryover General Fund balance is recommended to be increased to $250,000 in Fiscal Year 2025. The amended Fiscal Year 2025 budget recommendation includes the non-recurring cost of $50,000 for the Police Space Study. There is no impact to the property tax rate due to available carryover General Fund balance recommended to fund this request. Enterprise Funds Solid Waste Collection The Fiscal Year 2025 Budget Recommendation includes an 8.97% increase in the refuse fee. Solid Waste Collection Rate Comparison for Eight Largest lowa Cities (With Weekly Collection of Refuse, Recycling, and Yard Waste Included in Monthly Fee) $30.00 $29.83 $25.00 $21.00 $21.50 $21.89 $22.64 $22.64 $20.00 $19.00 $16.64 5 $15.00 $10.00 $5.00 $- Sioux Dubuque Waterloo Council lowa City Avg. w/o Ankeny Cedar Ames City Bluffs Dubuque Rapids The highest rate (Ames) is 73% higher than Dubuque's rate, and the average is 27% higher than Dubuque. The projected Refuse rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 8.97% 8.99% 8.99% 8.98% 6.00% 3 Water The Fiscal Year 2025 Budget Recommendation includes a 12.00% increase in the water user fee. Water Rate Comparison Seven Largest lowa Cities With Water Softening $50 $45 $44.21 $41.91 $41.92 $40 $37.48 �39.06 $39.07 $36.49 $35 $32.40 $30 $25 $20 $15 $10 $5 $0 Council Ames lowa City Dubuque Average Cedar Des West Des Bluffs w/o Rapids Moines Moines Dubuque Dubuque's water is some of the best in the world! The highest rate (West Des Moines) is 13% higher than Dubuque's rate, and the average is 0.02% higher than Dubuque. The projected Water rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 12.00% 7.50% 5.00% 5.00% 3.00% 4 Sanitary Sewer The Fiscal Year 2025 Budget Recommendation includes a 9.00% increase in the sanitary sewer userfee. Sanitary Sewer Rate Comparison Eleven Largest Cities in lowa $70 $60 $58.83 $60.08 $53.29 �54.82 $50.30 $50 $45.84 $40 $36.26 $36.66 �38.72 $39.70 $41.78 $42.77 $30 $20 $10 $0 '��\�o . Q�� .� P�� o\�� Q�.� G�.� ��.�.� �� o� O\�e5 S�� J�� o�' a�.�� o J� 5.��+ P� Q�� Q�� Go G� ,�O �\ O �� a�� P, The highest rate (Des Moines) is 7% higher than Dubuque's rate, and the average is 16% lower than Dubuque. The projected Sanitary Sewer rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 9.00% 8.50% 8.50% 8.00% 8.00% Stormwater The Fiscal Year 2025 Budget Recommendation included a 15% increase in the stormwater user fee. This revised budget recommendation reduces the increase in the stormwater user fee to a 5% increase. An additional $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant has been received for the Bee Branch Gate & Pump Replacement project, increasing the grant total to $28.2 million for the project. In addition, in Fiscal Year 2025, Dubuque Racing Association Distribution funds are being redirected from the Bee Branch Gate & Pump Replacement project to pay debt service of existing stormwater general obligation bonds in the amount of $385,747. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. 5 Stormwater Rate Comparison Ten Largest Cities in lowa $20 ��g $17.60 $16 $14 ��2 $10.50 $10 $9.40 $8 $8.08 $6.50 $7.04 $6 $5.00 $5.20 $5.50 $4 $2.80 $3.24 � � $2 $0 G``� ��°Z� ��°� .�� C,``� �� o.�� a.�� o�� o.�� o�� \o�+ �� '` P o�� P� �� ` ��'� �` 5 p � � �� G�a� �� Q� 5 ��a� � P, The highest rate (Des Moines) is 67% higher than Dubuque's rate, and the average is 33% lower than Dubuque. The projected Stormwater rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 5.00% 10.00% 8.00% 4.25% 3.00% The amended Fiscal Year 2025 budget recommendation includes a reduction of the recommended stormwater user fee from $11.50 to $10.50. Recommendation If this amended Fiscal Year 2025 budget recommendation is approved with a property tax rate of $9.92637, we will have met the Fiscal Year 2025 budget guidelines adopted by the City Council at the March 25, 2024 City Council meeting. The City Council adopted a guideline of a property tax increase for the average residential property owner of 5.00%. The recommended property tax increase for the average residential property owner is 5.00%. The City Council adopted a guideline of a property tax increase for the average commercial property of 25.55%. The recommended property tax increase for the average commercial property owner is 25.55%. 6 The City Council adopted a guideline of a property tax increase for the average industrial property of 3.89%. The recommended property tax increase for the average industrial property owner is 3.89%. Property Tax Rate Comparison Eleven Largest lowa Cities $25 $22.42 $20 $17.56 $�7•85 �18.16 $15.63 $15.70 �16.47 $16.61 $15 $11.72 $9.93 $10.09 $10.53 $10 � � � � $5 $0 ��e P�eS P��e�.� �o\,�e5 ��G��.� ��.e ��Q�aS Je�,�o��' �o��e� . ��.�5 �G��.� �e��oo O ��e5 �o �\�O Gea�.t �a Oe5 Go�� g�°� �� e e�a�e P� Dubuque has the LOWEST property tax rate as compared to the eleven largest cities in the state. The highest rate (Waterloo) is 126% higher than Dubuque's rate, and the average is 58% higher than Dubuque's rate. Dubuque's recommended FY 2025 property tax is $9.9264 (increase of +0.25 from FY 2024). Comparison for Eleven Largest lowa Cities Taxable Value Per Capita $1,400 $1,330.76 $1,200 $1,000 $863.16 $877.04 $887.65 $892.37 $931.87 $943.56 $972.39 $978.03�1,029.89 $800 $600 $543.88 $579.01 $400 � $200 $0 �e5 ��.e G��.� ,\,�e5 �e�.� ,�o�'� �Q�e G��.� •�d5 ��oo \��5 .\,�e5 p� O�,p �\o�.+ Oe��o Q,� O�Je�` oO�,,a \o�� eaa��a� ��.'�e o��G�Q� Oe��o �1� G G 5�. e�a�e �e P, Dubuque is the SECOND LOWEST taxes per capita as compared to the eleven largest cities in the state. The highest (West Des Moines) is 130% higher than Dubuque's taxes per capita, and the average is 71% higher than Dubuque. 7 The Fiscal Year 2025 Amended Budget Recommendation as compared to the adopted Fiscal Year 2024 Budget is as follows: Adopted Amended $ % FY24 FY25 Difference Difference Property Tax Rate $9.90135 $9.92638 +$0.02503 +0.25% Propert Tax Askin $26,623,300 $28,223,481 +$1,600,181 +6.01% Taxable Valuation in Millions $2,684,507 $2,837,887 +153,380 +5.71% Avera e Residential Pa ment $815.07 $885.82 +$40.75 +5.00% Average Commercial Payment $3,328.86 $4,179.49 +$850.63 +25.55% Average Industrial Property $4,817.26 $5,004.59 +$187.33 +3.89% The Fiscal Year 2025 Amended Budget Recommendation has not changed the property tax impact from when first presented to City Council on March 25, 2024. Debt The five-year debt schedule has changed from what was originally submitted to City Council because of the stormwater debt reduction with the City receiving an $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. In August 2015, the Mayor and City Council adopted a debt reduction strategy which targeted retiring more debt each year than was issued by the City. The recommended FY 2025 budget will achieve that target in FY 2027, FY 2028, and FY 2029. However, Fiscal Year 2025 and Fiscal Year 2026 will exceed the target due to issuing necessary debt for Five Flags, Water Lead Lines, PFAS, Chaplain Schmitt Island lowa Amphitheater and other important projects leveraging grants and forgivable State Revolving Fund loans. You can see that the Mayor and City Council have significantly impacted the City's use of the statutory debt limit established by the State of lowa. In Fiscal Year 2015, the City of Dubuque used 90% of the statutory debt limit. In this budget recommendation, the Mayor and City Council are currently reviewing for Fiscal Year 2025, the use of the statutory debt limit would be 34.85%, and by the end of the recommended 5-Year Capital Improvement Program (CIP) budget in Fiscal Year 2029, the City of Dubuque would be at 35.65% of the statutory debt limit. The 5-Year CIP includes $3.285 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit. This is an improvement on the debt reduction plan adopted in August 2015, that first began implementation in Fiscal Year 2016. 8 Statutory Debt Limit Used {as of June 3Qth) 10�%90°/a o 87/o 0 °79% 79% o $7° 72% ' .':,74%70% 75/0 6% 0 66%66%G2% �I II II I 60/o 53% 5U% 47"%44%43% 4d% o 36% 35%37/0 35%34%36% o � 32/o 0 2 %26%23%20% 25/o _o,o ��nn�nn��n� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � j � y � j N N N N N N N N N N W W W W W V1 O? �1 QO � O s N W � CT� Q1 �I Oo CP O j N W A �FY16 Adopted f FY25 Recommended 9 By the end of the Recommended 5- Year Capital Improvement Program (CIP) budget, the total amount of debt for the City of Dubuque would be $281.17 million (35.65% of the statutory debt limit), which includes $285,000 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit, and the projection is to be at $173.45 million (20.47% of statutory debt limit) within 10 years. Total Debt (In Millions) $324 II II II �I I� II $302.3 $297 $290.1 �� $286.8 � $295.5 $282.0 $279.9 $2842 $280.2 $2812 $274. $285.5 $265.6 $267.4 $270 $274.6 $255.9 $237• 55S � $264.4 $250.fi C Ju�� $252.9 $252. 235 � L ° $243 �� $ .3 g241.4 $216 uu� $22fi.2 $231. � � $213. $189 �� II II II II II II II II II II II II II I� II $193. $162 $�73.5 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY16 Adopted �FY25 Recommended Retired Debt Versus New Debt The total City indebtedness as of June 30, 2024, is projected to be $254,734,006 (40.67% of statutory debt limit). The total City indebtedness as of June 30, 2015, was $295,561,181 (69.45% of statutory debt limit). The City is projected to have $2,805,882 more in debt as of June 30, 2024. This amount includes $3 million issued for the Chaplain Schmitt Island - lowa Amphitheater project which will be paid by the DRA. The following chart shows the amount of retired debt as compared to new debt. The new debt includes new debt issuances as well as draw downs on existing state revolving fund loans: 10 Retired Debt Versus New Debt (In Millions) $45 �� $35 �� $38.06 �� $ss.az $36.05 $30 �� I�I J�� $27.78 $27.92 $28.19 $25. $26.35 6.44 $25.27 � �25 $23.29 $23. O ' $20• 0.56 $20.33 $20.27 $20.64 � $20 $'17.89 $17.06 $�8.05 $17.72 $18.81 9.11 $16.21 9 $15 $�a.3o � z $10 � � a $5 .ao .00 .ao .ao .ao $0 co � m rn o c� r� v �n cfl � oo rn o N m � N N N N N N N N N N ['7 M M M M l}L LL LL L}L LL I}i l.}L L}L LL L}i l.}L L}L � � L}L L}L � LL L}L � Retired Debt � New Debt *In Fiscal Year 2020, the City had $5,908,200 forgiven of the Bee Branch Upper Bee Branch Loan on June 30, 2020 which increased principal payments reflected. **In Fiscal Year 2026, it is projected$2,494,896 of SRF debt will be forgiven as part of the Private Lead Service Line Replacement project General Fund Reserves The City maintains a general fund reserve, or working balance, to allow for unforeseen expenses that may occur. Moody's Investor Service recommends a 30% General Fund Operating Reserve for "AA" rated cities. In July 2023, Moody's Investor Service upgraded the City's outstanding general obligation bonds from Aa3 to Aa2, as well as the outstanding Sales Tax Increment Revenue bonds from A2 to A1. Notable credit factors include strong financial operations and ample revenue-raising flexibility, which has resulted in steadily improved available fund balance and cash. The City serves as a regional economic center and its regional economic growth rate has outpaced the nation over the past five years. In November of 2022, Moody's Investors Service ("Moodys") released a new rating methodology for cities and counties. Two significant changes result from the new methodology; cities are now assigned an issuer rating meant to convey the creditworthiness of the issuer as a whole without regard to a specific borrowing, and business-type enterprise funds are now being considered together with general fund revenues and balances in the determination of financial performance. Under the new methodology, there are two metrics that contribute to financial performance. Available Fund Balance Ratio ("AFBR") _ (Available Fund Balance + Net Current 11 Assets/Revenue) and Liquidity Ratio ("LR") _ (Unrestricted Cash/Revenue). For Aa credits, AFBR ranges from 25-35, and LR ranges from 30-40%. The City was evaluated by Moody's under the old methodology in May of 2022 in connection to its annual issuance of bonds. At that time, Moody's calculated the City's AFBR to be 45.2%, and its LR to be 59.8%. The balances used in these calculations were likely elevated due to unspent ARPA funds. The change in methodology will now consider revenues and net assets from business-type activities in these calculations. As such, the City's general obligation rating will now be directly impacted by the financial performance of enterprise funds. Establishing rates and charges adequate to provide both debt service coverage and significant liquidity will be necessary to maintain the City's ratings. In May 2021, Moody's Investor Service upgraded the City's Water Enterprise's outstanding revenue bonds from A1 to A2 and affirmed the Aa3 credit rating on general obligation bonds. Notable credit factors include a sizable tax base, a wealth and income profile that is slightly below similarly rated peers, and increased financial position that will decline in fiscal years 2021 and 2022 and somewhat elevated debt and pension liabilities. These credit ratings are affirmation of the sound fiscal management of the mayor and city council, put Dubuque in a strong position to capitalize on favorable financial markets, borrow at low interest rate when necessary, and make critical investments in the community. . � .- . ... . . . - . . . . ... .. Increase due to capital projects not expended before the end of the FY and FY 2018 23.81% additional contributions to general fund reserve FY 2019 29.06% Increase due to capital projects not expended before the end of the FY. Increase due to freezing vacant positions and most capital projects due to FY 2020 31.24% the pandemic. Increase due to American Rescue Plan Act funds received ($13.2 million), FY 2021 40.72% frozen positions and capital projects through Feb 2021. Increase due to American Rescue Plan Act funds received ($13.2 million), capital projects not expended before the end of the FY, and vacant FY 2022 49.16% 45.09% positions. Increase due to American Rescue Plan Act funds not spent ($26.4 million), capital projects not expended before the end of the FY, and vacant FY 2023 50.18% 45.25% positions. 12 Fund Reserve as a Percent of General Fund and Enterprise Fund Revenue New Moody's Methodology 55 �� J� II 45.09%45.25% II �� 45 �� 40.72% 4021% �� 0 4� 35.17% � 35 29 060�0 31.24% � 30.14%30.14%30.14%30.14% i 30 a 25 23_81% 20 15 10 � � � T � FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 FY28 FY29 Fiscal Year The City of Dubuque has historically adopted a general fund reserve policy as part of the Fiscal and Budget Policy Guidelines which is adopted each year as part of the budget process. During Fiscal Year 2013, the City adopted a formal Fund Reserve Policy which states the City may continue to add to the General Fund minimum balance of 10% when additional funds are available until 20°/o of Net General Fund Operating Cost is reached. During Fiscal Year 2024, the General Fund minimum balance was increased to 25%. After all planned expenditures in FY 2024, the City of Dubuque will have a general fund reserve of 41.97% of general fund revenues as a percent of general fund revenues computed by the accrual basis or 40.21% of general fund, debt service, and enterprise fund revenues as computed by the accrual basis methodology now used by Moody's Investors Service. The general fund reserve cash balance is projected to be $46,304,790 on June 30, 2024 as compared to the general fund reserve balance on an accrual basis of $29,659,518. The general fund reserve balance on an accrual basis exceeds 27% in FY 2024, which is the margin of error used to ensure the City always has a general fund reserve of at least 25% as computed by Moody's Investors Service. In Fiscal Year 2017, the City had projected reaching this consistent and sustainable 20°/o reserve level in Fiscal Year 2022. In fact, the City met the 20% reserve requirement in FY 2017, five years ahead of schedule and has sustained a greater than 20% reserve. � � i - � i . � i : � � Contribution $— $— $— $— $— $— $— $— City's Spendable General Fund Cash �41,259,518 $35,459,518 $29,659,518 $23,859,518 $18,059,518 $18,059,518 $18,059,518 $18,059,518 Reserve Fund In % of Projected 49.16% 50.18% 41.97% 33.76% 25.56% 25.56% 25.56% 25.56% Revenue Mood 's 13 . • . . •- � • � � • . �• � � �-� 1 • •�- • •. � . • •�- - • '� • • • : . 1 ' � � 1 � • � • • � •. � .�- � • � Comparison of Impact of DvB E P ro p os e d P ro pe rty Tax Rate �S�e�e�e pn t�Mz55;55t�G Property Classification , . , ' , , , _ � _ �- . Breakdown ' • �� Residential*:Avg.value= $196,508 $815.07 $855.82 +$40.75 _ Commercial: 5150,000 rralue $649.33 $690.02 +$40.fi9 648 Commercial: �300,000 value $1,613.67 $2,030.08 +$416.41 265 Commercial: $450,000�alue $2,683.02 $3,370.14 +$687.12 149 Commercial:Avg.�alue =$540,594* $3,328.86 $4,179.41 +$850.63 fi6 Industrial:Avg.value=5632,952 $4,817.26 $5,044.59 +$1$7.33 _ *There are 549 commercial properties over the average value of$54Q,594. . . . • • C •. � .�- Dubuque THE CTTY OF � D AA-America Ciiy U S E w,��a��,,v:. � � � � �� Maste iece on the Mississi i Z°°'�z°lZ`z°13 � pp zoi�*zo�9 TO: Michael C. Van Milligen, City Manager FROM: Jennifer Larson, Chief Financial Officer SUBJECT: Amended Fiscal Year 2025 Budget Recommendation DATE: April 11, 2024 The Fiscal Year 2025 Budget Recommendation was presented to City Council on March 25, 2024. There have been changes that have resulted in an Amended Fiscal Year 2025 Budget Recommendation. Fiscal Year 2025 Proposed Property Tax Levy The City Council approved a maximum property tax levy in FY25 of$9.92637 and maximum property tax dollars of$27,530,253 on March 25, 2024. The maximum levy that can be adopted by City Council is $9.92637. The Fiscal Year 2025 Budget Recommendation and the Amended Fiscal Year 2025 Budget Recommendation proposes the recommended property tax rate of$9.92637 or $27,530,253 in total property tax dollars. Fiscal Year 2025 Amended Budqet Recommendation The following changes occurred after the Fiscal Year 2025 Budget Recommendation was presented to the Mayor and City Council on March 25, 2024. Road Use Tax Fund Public Works Department During goal setting sessions in August 2023, City Council identified street maintenance and rehabilitation programming as a top priority for the 2023-2025 policy agenda. With the conclusion of winter operations, a re-evaluation was conducted to maximize the outcomes of this top-priority. Public Works evaluated current and historical salt inventory, impact to salt partners, creatively adjusting summer project staffing, and reviewing nonannual revenues (Attachment I). The following adjustments are recommended: 1. Decrease FY 2025 road deicer salt budget from 5,000 tons to 1,500 tons. a. 2023-2024 winter operations utilized less salt this year than the past. There are currently 8,334 tons at the Purina Drive Fabric Salt Depot. b. Reduction in FY25 Road Use Tax expense of$273,874. 2. Increase in Fiscal Year 2024 revenues related to two Federal Emergency Management Agency (FEMA) events totaling $119,549. a. FY24 Reimbursement for COVID-19 event revenue increase $18,000. b. FY24 Reimbursement for 2023 Flood event revenue Increase $101,637. 3. Increase the Fiscal Year 2025 five-mile Asphalt Overlay Program to an eight-mile Asphalt Overlay Program. FY25 Operating Budget increase of$396,783. a. FY25 Tac oil expense increased $6,300. b. FY25 Hot mix asphalt (HMA) expense increased $345,870. c. FY25 Outsourced expense increased $17,313. d. FY25 Manhole ring & lid components expense increased $27,300. 4. Increase the Fiscal Year 2025 five-mile Asphalt Overlay Program related ADA curb ramp replacement from five-mile Asphalt Overlay Program to eight-mile Asphalt Overlay Program. No FY25 Capital Improvement Budget impact. a. No impact to FY2025 expenses due to reallocation of staffing to complete the additional mileage internally. b. Concrete for this project will come from non-street related concrete projects staff will be reallocated from this summer. 5. Recommending approval of improvement package five to purchase street assessment software, $17,000 non-recurring and $3,500 recurring funded by Road Use Tax Funds. a. This will allow a comprehensive analysis of the type of pavement as well as pavement condition index (PCI). Historically staff have completed subjective PCIs and formulated the Asphalt Overlay Program from that listing. This software identifies defect types and street types which would determine streets for the Asphalt Overlay Program. 6. Decrease Fiscal Year 2025 Concrete Section Repair Capital Improvement Project. a. FY25 Concrete Section Repair expense decreased $10,000. b. The concrete section repair capital budget does not impact internal work completed by Public Works employees. The amended Fiscal Year 2025 budget recommendation includes an increase of $116,049 in non-recurring Road Use Tax Expense and $3,500 in recurring Road Use Tax Expense. Unbudgeted Fiscal Year 2024 Federal Emergency Management Agency revenue totaling $119,637 is recommended to fund the amended Fiscal Year 2025 Road Use Tax non-recurring and recurring expense of$119,549. The recurring expense of$3,500 will need to be budgeted in future years. Police Department During the Fiscal Year 2025 budget process, an improvement package to conduct a building and space study was requested for a non-recurring cost of$50,000. This improvement package was not recommended as it was not available in the budget at that time (Attachment II). Historically, 100% of a budget is not spent by the end of the fiscal year and a small, unencumbered balance remains on June 30th. In addition, income sometimes exceeds revenue estimates or there are cost savings resulting in some unanticipated balances at the end of the year. These amounts of unobligated, year-end balances are "carried over" into the new fiscal year to help finance it. The carryover General Fund balance is generally used to help finance the next 2 fiscal year budget and reduce the demand for increased taxation. The available carryover General Fund balance that has normally been budgeted is $200,000. Due to the continued vacancies in the Police Department, the available carryover General Fund balance is recommended to be increased to $250,000 in Fiscal Year 2025. The amended Fiscal Year 2025 budget recommendation includes the non-recurring cost of $50,000 for the Police Space Study. There is no impact to the property tax rate due to available carryover General Fund balance recommended to fund this request. Enterprise Funds Solid Waste Collection The Fiscal Year 2025 Budget Recommendation includes an 8.97% increase in the refuse fee. Solid Waste Collection Rate Comparison for Eight Largest lowa Cities (With Weekly Collection of Refuse, Recycling, and Yard Waste Included in Monthly Fee) $30.00 $29.83 $25.00 $21.00 $21.50 $21.89 $22.64 $22.64 $20.00 $19.00 $16.64 5 $15.00 $10.00 $5.00 $- Sioux Dubuque Waterloo Council lowa City Avg. w/o Ankeny Cedar Ames City Bluffs Dubuque Rapids The highest rate (Ames) is 73% higher than Dubuque's rate, and the average is 27% higher than Dubuque. The projected Refuse rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 8.97% 8.99% 8.99% 8.98% 6.00% 3 Water The Fiscal Year 2025 Budget Recommendation includes a 12.00% increase in the water user fee. Water Rate Comparison Seven Largest lowa Cities With Water Softening $50 $45 $44.21 $41.91 $41.92 $40 $37.48 �39.06 $39.07 $36.49 $35 $32.40 $30 $25 $20 $15 $10 $5 $0 Council Ames lowa City Dubuque Average Cedar Des West Des Bluffs w/o Rapids Moines Moines Dubuque Dubuque's water is some of the best in the world! The highest rate (West Des Moines) is 13% higher than Dubuque's rate, and the average is 0.02% higher than Dubuque. The projected Water rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 12.00% 7.50% 5.00% 5.00% 3.00% 4 Sanitary Sewer The Fiscal Year 2025 Budget Recommendation includes a 9.00% increase in the sanitary sewer user fee. Sanitary Sewer Rate Comparison Eleven Largest Cities in lowa $70 $60 $58.83 $60.08 $53.29 �54.82 $50.30 $50 $45.84 $40 $36.26 $36.66 �38.72 $39.70 $41.78 $42.77 $30 $20 $10 $0 '��\�o . Q�� .� P�� o\�� Q�.� G�.� ��.�.� �� o� O\�e5 S�� J�� o�' a�.�� o J� 5.��+ P� Q�� Q�� Go G� ,�O �\ O �� a�� P, The highest rate (Des Moines) is 7% higher than Dubuque's rate, and the average is 16% lower than Dubuque. The projected Sanitary Sewer rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 9.00% 8.50% 8.50% 8.00% 8.00% Stormwater The Fiscal Year 2025 Budget Recommendation included a 15% increase in the stormwater user fee. This revised budget recommendation reduces the increase in the stormwater user fee to a 5% increase. An additional $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant has been received for the Bee Branch Gate & Pump Replacement project, increasing the grant total to $28.2 million for the project. In addition, in Fiscal Year 2025, Dubuque Racing Association Distribution funds are being redirected from the Bee Branch Gate & Pump Replacement project to pay debt service of existing stormwater general obligation bonds in the amount of $385,747. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. 5 Stormwater Rate Comparison Ten Largest Cities in lowa $20 ��g $17.60 $16 $14 ��2 $10.50 $10 $9.40 $8 $8.08 $6.50 $7.04 $6 $5.00 $5.20 $5.50 $4 $2.80 $3.24 � � $2 $0 G``� ��°Z� ��°� .�� C,``� �� o.�� a.�� o�� o.�� o�� \o�+ �� '` P o�� P� �� ` ��'� �` 5 p � � �� G�a� �� Q� 5 ��a� � P, The highest rate (Des Moines) is 67% higher than Dubuque's rate, and the average is 33% lower than Dubuque. The projected Stormwater rate increases from Fiscal Year 2025 through Fiscal Year 2029 are as follows: FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 5.00% 10.00% 8.00% 4.25% 3.00% The amended Fiscal Year 2025 budget recommendation includes a reduction of the recommended stormwater user fee from $11.50 to $10.50. Recommendation If this amended Fiscal Year 2025 budget recommendation is approved with a property tax rate of $9.92637, we will have met the Fiscal Year 2025 budget guidelines adopted by the City Council at the March 25, 2024 City Council meeting. The City Council adopted a guideline of a property tax increase for the average residential property owner of 5.00°/o. The recommended property tax increase for the average residential property owner is 5.00%. The City Council adopted a guideline of a property tax increase for the average commercial property of 25.55%. The recommended property tax increase for the average commercial property owner is 25.55%. 6 The City Council adopted a guideline of a property tax increase for the average industrial property of 3.89%. The recommended property tax increase for the average industrial property owner is 3.89%. Property Tax Rate Comparison Eleven Largest lowa Cities $25 $22.42 $20 $17.56 $�7•85 �18.16 $15.63 $15.70 �16.47 $16.61 $15 $11.72 $9.93 $10.09 $10.53 $10 � � � � $5 $0 ��e P�eS P��e�.� �o\,�e5 ��G��.� ��.e ��Q�aS Je�,�o��' �o��e� . ��.�5 �G��.� �e��oo O ��e5 �o �\�O Gea�.t �a Oe5 Go�� g�°� �� e e�a�e P� Dubuque has the LOWEST property tax rate as compared to the eleven largest cities in the state. The highest rate (Waterloo) is 126% higher than Dubuque's rate, and the average is 58% higher than Dubuque's rate. Dubuque's recommended FY 2025 property tax is $9.9264 (increase of +0.25 from FY 2024). Comparison for Eleven Largest lowa Cities Taxable Value Per Capita $1,400 $1,330.76 $1,200 $1,000 $863.16 $877.04 $887.65 $892.37 $931.87 $943.56 $972.39 $978.03�1,029.89 $800 $600 $543.88 $579.01 $400 � $200 $0 �e5 ��.e G��.� ,\,�e5 �e�.� ,�o�'� �Q�e G��.� •�d5 ��oo \��5 .\,�e5 p� O�,p �\o�.+ Oe��o Q,� O�Je�` oO�,,a \o�� eaa��a� ��.'�e o��G�Q� Oe��o �1� G G 5�. e�a�e �e P� Dubuque is the SECOND LOWEST taxes per capita as compared to the eleven largest cities in the state. The highest (West Des Moines) is 130% higher than Dubuque's taxes per capita, and the average is 71% higher than Dubuque. 7 The Fiscal Year 2025 Amended Budget Recommendation as compared to the adopted Fiscal Year 2024 Budget is as follows: Adopted Amended $ % FY24 FY25 Difference Difference Propert Tax Rate $9.90135 $9.92638 +$0.02503 +0.25% Pro ert Tax Askin $26,623,300 $28,223,481 +$1,600,181 +6.01% Taxable Valuation in Millions $2,684,507 $2,837,887 +153,380 +5.71% Avera e Residential Pa ment $815.07 $885.82 +$40.75 +5.00% Avera e Commercial Pa ment $3,328.86 $4,179.49 +$850.63 +25.55% Average Industrial Property $4,817.26 $5,004.59 +$187.33 +3.89% The Fiscal Year 2025 Amended Budget Recommendation has not changed the property tax impact from when first presented to City Council on March 25, 2024. Debt The five-year debt schedule has changed from what was originally submitted to City Council because of the stormwater debt reduction with the City receiving an $8 million Federal Emergency Management - Homeland Security—Community Project Funding/Congressionally Directed Spending Grant. The State Revolving Loan Fund debt to be issued for the project has been reduced from $6,547,357 to $820,000. In August 2015, the Mayor and City Council adopted a debt reduction strategy which targeted retiring more debt each year than was issued by the City. The recommended FY 2025 budget will achieve that target in FY 2027, FY 2028, and FY 2029. However, Fiscal Year 2025 and Fiscal Year 2026 will exceed the target due to issuing necessary debt for Five Flags, Water Lead Lines, PFAS, Chaplain Schmitt Island lowa Amphitheater and other important projects leveraging grants and forgivable State Revolving Fund loans. You can see that the Mayor and City Council have significantly impacted the City's use of the statutory debt limit established by the State of lowa. In Fiscal Year 2015, the City of Dubuque used 90% of the statutory debt limit. In this budget recommendation, the Mayor and City Council are currently reviewing for Fiscal Year 2025, the use of the statutory debt limit would be 34.85%, and by the end of the recommended 5-Year Capital Improvement Program (CIP) budget in Fiscal Year 2029, the City of Dubuque would be at 35.65% of the statutory debt limit. The 5-Year CIP includes $3.285 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit. This is an improvement on the debt reduction plan adopted in August 2015, that first began implementation in Fiscal Year 2016. 8 Statutory Debt Limit Used (as of June 3Qth) 10U%90°/a o 87/o 0 °79% 79% o $7° 72% ' .':,74%70% 75/0 6% 0 66%66%G2% �I II II I 60/o 53% 5U% 47"%44%43% 4d% o 36% 35%37/0 35%34%36% o � 32/o 0 2 %26%23%20% 25/o _o,o ��nn�nn��n� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � j � y � j N N N N N N N N N N W W W W W V1 O? �1 QO � O s N W � CT� Q1 �I Oo CP O j N W A �FY16 Adopted f FY25 Recommended 9 By the end of the Recommended 5-Year Capital Improvement Program (CIP) budget, the total amount of debt for the City of Dubuque would be $281.17 million (35.65% of the statutory debt limit), which includes $285,000 in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - lowa Amphitheater which will be paid by the DRA. Projections out 10 years to Fiscal Year 2034 show the City of Dubuque at 20.47% of the statutory debt limit, and the projection is to be at $173.45 million (20.47% of statutory debt limit) within 10 years. Total Debt (In Millions) $324 ��I �I I� II $302.3 $297 SZea.� �� g2as.s � $295.5 $282.0 $279.9 $284.2 $280.2 $281.2 $285.5 $2�� $27� $265.6 $267.4 $274.6 $255.9 $257. 55.5 $264.4 $ZSO.fi � � � c � $243 $252.A $252. 235 � r2 $ .3 $241.4 $216 uu� $22b2 $231. l�� $213. $189 �I II II II II Inn I II II II II II II I� II $193. ' II ' $162 -I- - �� $173.5 FY16 FY17 FY18 FY19 FY2D FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY3D FY31 FY32 FY33 FY34 FY16 Adopted �FY25 Recommended Retired Debt Versus New Debt The total City indebtedness as of June 30, 2024, is projected to be $254,734,006 (40.67% of statutory debt limit). The total City indebtedness as of June 30, 2015, was $295,561,181 (69.45% of statutory debt limit). The City is projected to have $2,805,882 more in debt as of June 30, 2024. This amount includes $3 million issued for the Chaplain Schmitt Island - lowa Amphitheater project which will be paid by the DRA. The following chart shows the amount of retired debt as compared to new debt. The new debt includes new debt issuances as well as draw downs on existing state revolving fund loans: 10 Retired Debt Versus New Debt (In Millions) $45 �� $35 �� $38.06 �� $ss.az $36.05 $30 �� I�I J�� $27.78 $27.92 $28.19 $25. $26.35 6.44 $25.27 � �25 $23.29 $23. O ' $20• 0.56 $20.33 $20.27 $20.64 � $20 $'17.89 $17.06 $�8.05 $17.72 $18.81 9.11 $16.21 9 $15 $�a.3o � z $10 � � a $5 .ao .00 .ao .ao .ao $0 co � m rn o c� r� v �n cfl � oo rn o N m � N N N N N N N N N N ['7 M M M M l}L LL LL L}L LL I}i l.}L L}L LL L}i l.}L L}L � � L}L L}L � LL L}L � Retired Debt � New Debt *In Fiscal Year 2020, the City had $5,908,200 forgiven of the Bee Branch Upper Bee Branch Loan on June 30, 2020 which increased principal payments reflected. **In Fiscal Year 2026, it is projected$2,494,896 of SRF debt will be forgiven as part of the Private Lead Service Line Replacement project General Fund Reserves The City maintains a general fund reserve, or working balance, to allow for unforeseen expenses that may occur. Moody's Investor Service recommends a 30% General Fund Operating Reserve for "AA" rated cities. In July 2023, Moody's Investor Service upgraded the City's outstanding general obligation bonds from Aa3 to Aa2, as well as the outstanding Sales Tax Increment Revenue bonds from A2 to A1. Notable credit factors include strong financial operations and ample revenue-raising flexibility, which has resulted in steadily improved available fund balance and cash. The City serves as a regional economic center and its regional economic growth rate has outpaced the nation over the past five years. In November of 2022, Moody's Investors Service ("Moodys") released a new rating methodology for cities and counties. Two significant changes result from the new methodology; cities are now assigned an issuer rating meant to convey the creditworthiness of the issuer as a whole without regard to a specific borrowing, and business-type enterprise funds are now being considered together with general fund revenues and balances in the determination of financial performance. Under the new methodology, there are two metrics that contribute to financial performance. Available Fund Balance Ratio ("AFBR") _ (Available Fund Balance + Net Current 11 Assets/Revenue) and Liquidity Ratio ("LR") _ (Unrestricted Cash/Revenue). For Aa credits, AFBR ranges from 25-35, and LR ranges from 30-40%. The City was evaluated by Moody's under the old methodology in May of 2022 in connection to its annual issuance of bonds. At that time, Moody's calculated the City's AFBR to be 45.2%, and its LR to be 59.8%. The balances used in these calculations were likely elevated due to unspent ARPA funds. The change in methodology will now consider revenues and net assets from business-type activities in these calculations. As such, the City's general obligation rating will now be directly impacted by the financial perFormance of enterprise funds. Establishing rates and charges adequate to provide both debt service coverage and significant liquidity will be necessary to maintain the City's ratings. In May 2021, Moody's Investor Service upgraded the City's Water Enterprise's outstanding revenue bonds from A1 to A2 and affirmed the Aa3 credit rating on general obligation bonds. Notable credit factors include a sizable tax base, a wealth and income profile that is slightly below similarly rated peers, and increased financial position that will decline in fiscal years 2021 and 2022 and somewhat elevated debt and pension liabilities. These credit ratings are affirmation of the sound fiscal management of the mayor and city council, put Dubuque in a strong position to capitalize on favorable financial markets, borrow at low interest rate when necessary, and make critical investments in the community. . � .- - . ... . . . - . . . . ... .. Increase due to capital projects not expended before the end of the FY and FY 2018 23.81% additional contributions to general fund reserve FY 2019 29.06% Increase due to capital projects not expended before the end of the FY. Increase due to freezing vacant positions and most capital projects due to FY 2020 31.24% the pandemic. Increase due to American Rescue Plan Act funds received ($13.2 million), FY 2021 40.72% frozen positions and capital projects through Feb 2021. Increase due to American Rescue Plan Act funds received ($13.2 million), capital projects not expended before the end of the FY, and vacant FY 2022 49.16% 45.09% positions. Increase due to American Rescue Plan Act funds not spent ($26.4 million), capital projects not expended before the end of the FY, and vacant FY 2023 50.18% 45.25% positions. 12 Fund Reserve as a Percent of General Fund and Enterprise Fund Revenue New Moody's Methodology 55 �� J� II 45.09%45.25% II �� 45 �� 40.72% 4021% �� 0 4� 35.17% � 35 29 060�0 31.24% � 30.14%30.14%30.14%30.14% i 30 a 25 23_81% 20 15 10 � � � T � FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 FY 27 FY28 FY29 Fiscal Year The City of Dubuque has historically adopted a general fund reserve policy as part of the Fiscal and Budget Policy Guidelines which is adopted each year as part of the budget process. During Fiscal Year 2013, the City adopted a formal Fund Reserve Policy which states the City may continue to add to the General Fund minimum balance of 10% when additional funds are available until 20% of Net General Fund Operating Cost is reached. During Fiscal Year 2024, the General Fund minimum balance was increased to 25%. After all planned expenditures in FY 2024, the City of Dubuque will have a general fund reserve of 41.97% of general fund revenues as a percent of general fund revenues computed by the accrual basis or 40.21% of general fund, debt service, and enterprise fund revenues as computed by the accrual basis methodology now used by Moody's Investors Service. The general fund reserve cash balance is projected to be $46,304,790 on June 30, 2024 as compared to the general fund reserve balance on an accrual basis of $29,659,518. The general fund reserve balance on an accrual basis exceeds 27% in FY 2024, which is the margin of error used to ensure the City always has a general fund reserve of at least 25% as computed by Moody's Investors Service. In Fiscal Year 2017, the City had projected reaching this consistent and sustainable 20% reserve level in Fiscal Year 2022. In fact, the City met the 20% reserve requirement in FY 2017, five years ahead of schedule and has sustained a greater than 20% reserve. � � � - � � � � : � • Contribution $— $— $— $— $— $— $— $— City's Spendable General Fund Cash �41,259,518 $35,459,518 $29,659,518 $23,859,518 $18,059,518 $18,059,518 $18,059,518 $18,059,518 Reserve Fund In % of Projected 49.16% 50.18% 41.97% 33.76% 25.56% 25.56% 25.56% 25.56% Revenue Mood 's 13 . • . . - •- - • • . • � � . �• • . � �-• 1 • �� - • •. � � •�- • '� • • • : 1 ' . � 1 � • � • • • •. � .�- � - • - • Comparison of Impact of DvB E P ro p os e d P ro pe rty Tax Rate �S�e�e�e pn t�Mz55;55t�G Property Classification , . , ' , , , _ � _ �- . Breakdown ' • �� Residential*:Avg.value= $196,508 $815.07 $855.82 +$40.75 _ Commercial: 5150,000 rralue $649.33 $690.02 +$40.fi9 648 Commercial: �300,000 value $1,613.67 $2,030.08 +$416.41 265 Commercial: $450,000�alue $2,683.02 $3,370.14 +$687.12 149 Commercial:Avg.�alue =$540,594* $3,328.86 $4,179.41 +$850.63 fi6 Industrial:Avg.value=5632,952 $4,817.26 $5,044.59 +$1$7.33 _ *There are 549 commercial properties over the average value of$54Q,594. . . . • • C •. � .� - �ubuque THE CITY OF � All•pmerica Ci$ Du� E ;��:� ��, II � Maste l2CE OYl t�le MZSBlSSl 2 zao�•zoiz�zol3 �P pp zoi�*zoi9 TO: Michael C. Van Milligen, City Manager FROM: Arielle Swift, Public Works Director SUBJECT: Fiscal Year 2025 Asphalt Overlay Program and Street Assessment Software DATE: April 11, 2024 BACKGROUND During goal setting sessions in August 2023, City Council identified street maintenance and rehabilitation programming as a top priority for the 2023-2025 policy agenda. The original Fiscal Year 2025 recommended budget presented to City Council on March 25, 2024, dealt with many funding constraints on local government. To continue our annual 5-mile Asphalt Overlay Program under these constraints, equipment used to complete the overlay has been delayed. With the conclusion of winter operations, a re-evaluation was conducted to maximize the outcomes of this top-priority. Public Works evaluated current and historical salt inventory, impact to salt partners, reviewed upcoming summer project staffing, and reviewed nonannual revenues. We are recommending the following adjustments: 1. Decrease road deicer salt from 5,000 tons to 1,500 tons. a. 2023-2024 winter operations utilized less salt this year than the past. We currently have 8,334 tons at our Purina Drive Fabric Salt Depot. b. This will decrease expense by $273,874. 2. Increase the 5-mile Asphalt Overlay Program to 8-mile Asphalt Overlay Program. a. Tac oil increases expense by $6,300. b. Hot mix asphalt (HMA) increases expense by $345,870. c. Outsourced milling increases expense by $17,313. d. Manhole ring & lid components increases expense by $27,300. 3. Increase the 5-mile Asphalt Overlay Program related ADA curb ramp replacement from 5-mile AOP to 8-mile Asphalt Overlay Program. a. This will not increase expenses in FY2025 due to reallocation of staffing to complete the additional mileage internally. b. Concrete for this project will come from non-street related concrete projects staff will be reallocated from this summer. 4. Approving the improvement package to purchase street assessment software increases expense by $20,500. a. This will allow us to conduct a comprehensive analysis on the type of pavement as well as pavement condition index (PCI). Historically we have completed subjective PCIs and formulated the Asphalt Overlay Program from that listing. This will allow us to be better stewards by identifying where to budget future dollars. 5. Decrease concrete section repair capital improvement project. a. This will decrease expense by $10,000. b. The concrete section repair capital budget does not impact internal work completed by Public Works employees. 6. Increase nonannual revenues from two (2) Federal Emergency Management Agency (FEMA) events. a. Reimbursement for COVID-19 event increases revenues by $18,822. b. Reimbursement for 2023 Flood event increases revenues by $101,637. FY2024 FY2025 Net FY2025 Net Original Proposed Change Amended Request Tac Oil for Overlay Program 8,125 10,500 2,375 16,800 6,300 I Hot Mix for Overlay Program 510,570 576,450 65,880 922,320 345,870 �! Milling for Overlay Program 90,345 99,530 9,185 103,861 4,331 ADA Curb Ramps 649,104 750,000 100,896 750,000 - Pavement Rehab(concrete-ENG) - 650,000 650,000 650,000 - Ring&Lid Components 81,900 81,900 - 109,200 27,300 Road De-Icer Sa/t 377,824 377,824 103,950 (273,874) Concrete Section Repairs - 50,000 50,000 40,000 (10,000) FEMA COVID (18,822) (18,822) FEMAFLOOD - - - (101,637) (101,637) StreetAssessmentSoftware(lP) 20,500 20,500 - - (32) Enclosed is a more in-depth description of the snow & ice part of the budget. RECOMMENDATION I respectfully request City Manager and City Council approve the reallocation of funds in the Fiscal Year 2025 recommended budget for the calendar year 2024 Asphalt Overlay Program from 5-miles to 8-miles and purchasing street assessment software. CC: Jennifer Larson, Chief Financial Officer Gus Psihoyos, City Engineer Enclosure(s) Snow and Ice Budget Update -4 Memo 2 Dubuque TI�E CITY OF � All•A�eensa Ciqr DuB E ;,�,�,, x��.; I I Maste iece on the Mississi i z°°'•Z°�z�z°�3 �`P pp 2017*2019 TO: Michael C. Van Milligen, City Manager FROM: Arielle Swift, Public Works Director SUBJECT: Snow and Ice Control Budget Update - 4 DATE: April 11, 2024 INTRODUCTION The purpose of this memorandum is to provide an update regarding the Public Works Department's FY2024 snow and ice control operating budget (sub-activity 5408) through April 11, 2024. DISCUSSION SNOW The U.S. Weather Service is reporting 46.30" of snow this winter season for Dubuque as of April 11, 2024. Weather Service records indicate that a "normal" winter in Dubuque should average 42.60", with a total of 41.40" of snow year-to-date (YTD). We have had seventeen (17) winter events that required a snow and ice control response. Year to Date(YTD) Accumulation&E�ents FY2019 FY202D [ YTD Avg Accumulation per E�ent FY2021 � YTDAccumulation YT�Number of Events FY2022 �YTD NWS Historical Avg FY2D23 FY2D24 — 20.00 40.00 60.00 ROAD SALT The purchase of road salt is traditionally based on the amount used the previous season, fiscal year budget and bid results. Listed below is the 5-year history of purchase, start of season balance, seasonal use, and end of season balance. 1 5YR Road Salt Inventory FY2019 FY2020 � Purchased � Beginning Inventory � Inventory Used FY2021 ■ Ending Balance — �AVG Purchase FY2022 �AVG Beginning Bal o AVG Inventory Used FY2023 �AVG Ending Bal FY2024 — 2,500 5,OOD 7,50D 10,OOD 12,500 The 5-year average for salt available at the start of each season is 10,055.48 tons and the 5-year average for salt used is 3,759.14 tons. Each spring an evaluation of the remaining salt supply is made, and quotes are requested from major road salt supply companies. The material is then unloaded and stored in the Public Works' fabric salt storage building located on site. One barge of salt carries an average of 1,500 tons but may vary due to river levels at the time of delivery. The number of barges ordered, in part, is based on what the city and its bid partners need. Over the past 5 years we have ordered as many as 8 barges and as few as 3 barges. The average amount of salt ordered over the past five years for city use is 4,800 tons per year. The bid is by the ton, so the city pays any overage on tonnage. It has been our past practice to order at least the amount of salt used during the previous season to maintain a balance equal to or near our two-year average salt usage. This practice assures we will have adequate supplies for the following winter season. At the start of the FY2024 winter season, we had just over 11,550 tons of salt in inventory at the Purina Dr. salt storage facility. Currently, we have 8,355 tons remaining in the facility inventory as of April 11, 2024. Historically we have tried to maintain 12,000 tons. Over the last ten years we have cut back on salt usage drastically and two years of salt usage now averages 10,600 tons. Due to the large inventory on hand and depending on the usage for the remainder of this winter season, we have decided to purchase only 1,500 tons of salt (one barge load) in FY2025. This is estimated to save $273,874 in FY2025 budgeted dollars. OVERALL BUDGET Listed below are the fiscal year operation budgets for the past five years and the total expenditures for each year. Included for comparison is the 5-year average annual expenditures for FY2019 through FY2023. 2 5YR Budget& Expenditures FY2019 7 FY2020 �� FY2p21 � Total Expenditures �Approved Budget FY2022 � AVG Expenditures FY2023 � FY2024 ■ — sao,00a i,oaa,aoo �,soo,000 2.000,00o zsoo,00a Of the $2,050,844 budgeted in the FY2024 snow and ice control activity, $836,148 or approximately 40.8% remains unexpended as of April 11, 2024. Some of this balance may be needed to cover additional expenses which occurred in the street maintenance activity due to the lack of snow and ice control operations. The net balance, without including remaining employee expenses, is estimated to be $305,283. Overtime Listed below are the fiscal year overtime budgets for the past five years and the total expenditures for each year. Included for comparison is the 5-year average annual expenditures for FY2019 through FY2023. 5YR Overtime Budget&Expenditures FY2D�9 � ` FY202d � I FY2021 � J Total Expenditures f Approved Budget FY2622 � AVG Expenditures FY2023 � � I � FY2024 , � — 50,600 100,000 150,a00 2DO,OOD 250,000 Of the $110,000 budgeted in the FY2024 Public Works Department's snow and ice control overtime expense, $42,044 or approximately 38.2% remains unexpended as of April 11, 2024. 3 Holiday Overfime Listed below are the fiscal year holiday overtime budgets for the past five years and the total expenditures for each year. Included for comparison is the 5-year average annual expenditures for FY2019 through FY2023. 5YR Holiday O�ertime Budget&Expersditures FY2019 J � FY2p2D ■ FY2p21 � Total Expenditures f Approved Budget FY2p22 ■ AvG Expenditures FY2p23 ■ FY2424 � ■ — 5,000 14.40U 1a�(i0 20,000 25,400 30,000 35,000 40,000 Of the $12,300 budgeted in FY2024 snow and ice control activity, holiday overtime is overexpended by $(6,379) or approximately (51.9)% as of April 11, 2024. Fuel Listed below are the fiscal year fuel budgets for the past five years and the total expenditures for each year. Included for comparison is the 5-year average annual expenditures for FY2019 through FY2023. 5YR Fuel Budget&Expenditures FY2019 � FY2020 � FY2021 � ] Total Expenditures �Approved Budget FY2022 � AVG Expenditures FY2023 � FY2024 � — 20,000 4p,p00 60,000 80,000 100,000 120,000 Of the $49,304 budgeted in the FY2024 Public Works DepartmenYs snow and ice control fuel expense is overexpended by $(59,947) or approximately (121.6)% as of April 11, 2024. 4 ACTION STEP This memorandum is being provided for your information. CC: Jennifer Larson, Chief Financial Officer Paul Davis, Field Operations Supervisor 5 Attachment II POLICE DEPARTMENT FY 2023 FY 2024 FY 2025 %Change From Budget Highlights Actual Budget Requested FY 2024 Budget Expenses Employee Expense 13,712,117 15,245,310 15,733,856 3.2 % Supplies and Services 1,866,418 1,949,096 2,124,178 9.0 % Machinery and Equipment 550,087 934,637 897,517 (4.0)% Debt Service 55,897 22,600 22,200 (1.8)% Total Expenses 16,184,519 18,151,643 18,777,751 3.4 % Resources Operating Revenue 1,165,069 1,493,599 1,358,857 (9.0)% DRA Gaming for Debt Abatement 56,456 22,600 22,200 (1.8)% Canine & 1948 Stylemaster Trust 58 76 59 (22.4)% Total Resources 1,221,583 1,516,275 1,381,116 (8.9)% Property Tax Support 14,962,936 16,635,368 17,396,635 761,267 Percent Increase (Decrease) 4.6 % Personnel -Authorized FTE 123.66 125.75 125.75 Improvement Package SummarX 1 of 1 This improvement package is to conduct a building and space study. The Dubuque Law Enforcement Center was built in 1971 and currently houses both the Dubuque Police Department and the Dubuque County Sheriff's Office. The City of Dubuque is currently leasing space through maintenance agreements and cost/space sharing. In 1971, both departments had only half the employees they have today. The Dubuque Police Department currently has shared office spaces for command staff, offices in the basement, only four work stations for use by over 50 patrol officers, and technology and equipment in areas that are not designed for their storage or use. Additionally, there is no place to take community members for private conversations, as the only place in 770 lowa Street is also a designated break room/conference room. Simply, there is no room to expand. In the meantime, to help alleviate the problem, the school resource officers have moved to the Federal Building, and the Emergency Communications Center is moving out of the Police Station. The Police Department was not included in a recent city building/space study, as the department is not in a city-owned building. The request of$50,000 is to conduct a building and space study with no recurring costs. This improvement package aligns with the City Council's goal of Financially Responsible, High- PerFormance City Organization: Sustainable, Equitable, and Effective Service Delivery. -29- Related Cost: $ 50,000 Tax Funds Non-Recurring Recommend - No Net Cost: $ 50,000 Property Tax Impact: $ 0.0197 0.22% Sub-Activity: Staff Services Significant Line Items Employee Expense 1. FY 2025 employee expense reflects a 5.00% wage package increase for non-represented employees, which includes the Chief of Police, Assistant Chief, Captains and Lieutenants. The collective bargaining agreement for Dubuque Police Protective Association expires June 30, 2024 and is currently being negotiated. 2. In December 2023, city council approved raises starting in January 2024 (FY 2024) for Lieutenants, Captains, the Assistant Chief and the Police Chief. These employees are not part of bargaining sworn members. Historically, wage increases for these positions have been less than the increases for bargaining members. This has resulted a wage compression between sworn bargaining personnel and sworn non-bargaining personnel. City Manager recommendation approved by council was to increase wages by 5% for Lieutenants, Captains and the Assistant Chief and 6% for the Police Chief. 3. The lowa Public Employee Retirement System (IPERS) City contribution of 9.44% is unchanged from FY 2024. The employee contribution of 6.29% is unchanged from FY 2024. 4. Fire and Police retirement rates in FY 2025 decreased from 22.98% to 22.66% or a decrease of (1.39)%; a savings of$34,052. The history of the change in rates is as follows: Previous Fiscal Year Rate New Rate % Change $ Change 2015 30.12 % 30.41 % 0.96% $ 21,410 2016 30.41 % 27.77 % -8.68% $ -206,580 2017 27.77 % 25.92 % -6.66% $ -146,181 2018 � 25.92 % 25.68 % -0.93% $ -19,457 2019 25.68 % 26.02 % +1.32% $ 28,508 2020 26.02 % 24.41 % -6.19% $ -140,017 2021 24.41 % 25.31 % 3.69% $ 79,590 2022 25.31 % 26.18 % 3.44% $ 79,373 2023 26.18 % 23.90 % -8.71% $ -214,276 2024 23.90 % 22.98 % -3.85% $ -91,863 2025 22.98 % 22.66 % -1.39% $ -34,052 5. The City portion of health insurance expense is unchanged from $1,119 in FY 2024 to $1,119 in FY 2025 per month, per contract, which results in an annual cost unchanged of$-or 0.0%. -30- 4/11/24,3:12 PM Local Government Property Valuation System FISCAL YEAR JULY 1,2024-JUNE 30,2025 ADOPTION OF BUDGET AND CERTIFICATION OF CITY TAXES The City of: DUBUQUE County Name: DUBUQUE COUNTY Adopted On:(entered upon adoption) Resolution:(entered upon adoption) The below-signed certifies that the City Council,on the date stated above,lawfully approved the named resolution adopting a budget for next fiscal year,as summarized on this and the supporting pages. Attached is Long Term Debt Schedulc Form 703 which lists any and all of thc dcbt scrvice obligations of the City. With Gas&Electric Without Gas&Electric Regular 2a 2,837,887,310 2b 2,768,051,830 City Number:31-288 DEBT SERVICE 3a 3,480,398,093 3b 3,410,562,613 Last Official Census:59,667 Ag Land 4a 3,420,763 Consolidated Gencral Fund Levy Calculation CGFL Max Rate CGFL Max Dollars Non-TIF Taxable w/G&E Taxable Growth% FY 2024 Budget Data 8.10000 21,744,505 2,684,506,784 5.71 Limitation Percentage 2 CGFL Max Rate CGFL Max Dollars Revenue Growth% Max Allowed CGFL for FY 2025 7.94118 22,536,174 3.64 TAXES LEVIED ENTER FIRE (A) Request Code Dollar Limit Purpose DISTRICT with Utility �� Property (C) Sec. RATE BELOW Replacement Taxes Levied Rate 384.1 7.94ll 8 Consolidated General Fund 5 22,536,174 21,981,598 43 7.94ll 8 Non-Voted Other Permissible Levies 38412(1) 0.95000 Opr&Maint publicly owned Transit 7 1,961,488 1,913,222 45 0.69ll 8 38412(2) 0.27000 AviationAuthariry(under sec.330A15) 11 0 49 0.00000 38412(3) Amt Nec Liability,property&self insurance costs 14 1,440,514 1,405,063 52 0.50760 384.12(5) Amt Nec Support of a Local Emerg.Mgmt.Comm. 462 0 465 0.00000 Voted Other Permissible Levies 28E.22 I.50000 Unified Law Enforcement 24 0 62 0.00000 Total General Fund Regular Levies(5 thru 24) 25 25,938,176 25,299,883 384.1 3.00375 Ag Land 26 10,276 10,275 63 3.00375 Total General Fund Tax Levies(25+26) 27 25,948,452 25,310,158 Do Not Add Special Revenue Levies 384.6 Amt Ncc Police&Fire Retircmcnt 29 0 0.00000 Amt Nec FICA&IPERS(if general fund at levy limit) 30 1,995,236 1,946,134 0.70307 Rules Amt Nec Other Employee Benefits 31 0 0.00000 Subtotal Employee Benefit Levy(29,30,31) 32 1,995,236 1,946,134 65 0.70307 Valuation Without 386 As Req With Gas&Elec Gas& Elec SSMID 1 (A) 0 (B) 0 34 0 66 0.00000 SSMID2 (A) 0 (B) 0 35 0 67 0.00000 SSMID 3 (A) 0 (B) 0 36 0 68 0.00000 SSMID 4 (A) 0 (B) 0 37 0 69 0.00000 ssMi�s �a� o �B) o sss o sbs o.00000 ssMT�6 �a� o �B� o ss6 o s66 0.00000 SSMID 7 (A) 0 (B) 0 1177 0 1179 0.00000 SSMID 8 (A) 0 (B) 0 1185 0 1187 0.00000 Total Special Revenue Levies 39 1,995,236 1,946,134 384.4 Amt Nec Debt Service Levy 7610(6) 40 290,069 284,236 70 0.08334 384.7 0.67500 Capital Projects(Capital Improv.Reserve) 41 0 71 0.00000 Total Property Taxes(27+39+40+41) 42 28,233,757 27,540,528 72 9.92637 COUNTY AUDITOR-I certify the budget is in compliance with ALL the following:Budgets that DO NOT meet ALL the criteria below are not statutorily compliant &must be returned to the city for correction. (City Representarive) (Date) (Counry Auditor) (Date) https://dom-localgov.iowa.gov/budget-renderer?id=17535 1/20 4/11/24,3:12 PM Local Government Property Valuation System CITY NAME: NOTICE OF PUBLIC HEARING-CITY OF DUBUQUE-PROPOSED PROPERTY TAX LEVY CITY#:31-288 DUBUQUE Fscal Year July 1,2024-June 30,2025 The City Council will conduct a public hearing on the proposed Fiscal Year City property tax levy as follows: Meeting Date: 3/25/2024 Meeting Time: 06:30 PM Meeting Location: City Council Chambers,350 W 6th St. At the public hearing any resident or taxpayer may present objections to,or arguments in favor of the proposed tax levy.After the hearing of the proposed tax levy,the City Council will publish notice and hold a hearing on the proposed city budget. City Website(if available) City Telephone Number https://www.cityofdubuque.org/85/Budget (563)589-4398 lowa Department of Management Current Year Certified Budget Year Effective Property Budget Year Proposed Property Property Tax 2023-2024 Tax 2024-2025 Tax 2024-2025 Taxable Valuations for Non-Debt Service 2,6 L3,397,595 2,768,051,830 2,768,051,830 Consolidated General Fund 21,168,521 21,168,521 21,981,598 Operation&Maintenance ofPublic Transit 1,507,120 1,507,120 1,913,222 Aviation Authority 0 0 0 Liability,Property&Self Insurance 558,274 558,274 1,405,063 Suppart of Local Emergency Mgmt.Comm. 0 0 0 Unified Law Enforcement 0 0 0 Police&Fire Retirement 0 0 0 FICA&IPERS(If at General Fund Limit) 2,387,496 2,387,496 1,946,134 Other Employee Benefits 0 0 0 Capital Projects(Capital Improv.Reserve) 0 0 0 Taxable Value for Debt Service 3,055,076,501 3,410,562,613 3,410,562,613 Debt Service 297,809 297,809 284,236 CiTY REGULAR TOTAL PROPERTY TAX 25,919,220 25,919,220 27,530,253 CITY REGULAR TE1X RATE 9.90135 9.34344 9.92637 Taxable Value for City Ag Land 3,392,501 3,420,763 3,420,763 Ag Land 10,190 10,190 10,275 C1TY AG LAND TAX RATE 3.00368 2.97887 3.00375 Tax Rate Comparison-Current VS.Proposed Residential property with an Actual/Assessed Value of Current Year Certified Budget Year Proposed percent Change $100,000 2023/2024 2024/2025 City Regular Residential 541 460 -14.97 Commercial property with an Actual/Assessed Value of CurrentYcar Certified BudgetYear Proposed percent Change $100,000 2023/2024 2024/2025 City Regular Commercial 541 460 -14.97 Note:Actual/Assessed Valuation is multiplied by a Rollback Percentage to get to the Taxable Valuation to calculate Property Taxes.Residential and Commercial properties have the same Rollback Percentage at$100,000 Actual/Assessed Valuation. Reasons for tax increase if proposed exceeds the current: The City of Dubuque has experienced increased cost in insurance including workers compensation,gencral liability,and property insurance.In addition,increased cost in equipment replacements,employee expense,utility expense,and overall supplies and services have been projected. https://dom-localgov.iowa.gov/budget-renderer?id=17535 2/20 4/11/24,3:12 PM Local Government Property Valuation System Q� Q� �0 O O �O 7 7 � �G N c0 �O W �D O� O� O l� N N [� � Vl A I.� '� Vl R N N Q� �O Vt V1 l� Vl l� z d' � o � o o � m �o � m v�i m y�O � o0 0 0 0� � cv N o� a� c� �, �o 0 0 � �o c� �o N N co m � �� v-, � � �n v� m � � � � o v-, �+. c� o0 0� .-, .— ^ ,� �n �n fn o co � c� o 0 0, c� cv cc �n � � c� o0 00 � � m o o — � � H M V1 � V1 N � O 01 O� �D N M W O Q� .-. 00 oC �O O R � 7 �O M � O �O �D O O � �n O O � l� N � M Vl Vl M M O O M M a0 01 N Q�/ W al l� � O� O� O� M M 01 G� M N O �!1 l� M o0 W Ol 00 01 01 � �O O [y l� M l0 7 7 N N � ��D O � z �O � �D 7 7 M l� O O M cG �O w � l� l� � � M l� l� [� 7 M 01 �� O M � Vl N 00 .-. ,-. � �O 7 F� N � � N N N M R V O�. 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O� � M .�I G�J � O R F.a � N �i � L�� x ; o� � �� , �c z o � w v� � � E�" �d' w °n P' �� W R� � a � x � a o 0 0 o�. L W o w, � oc� � �O W � a ��o V� � z �y � x � O oV a ++w y o A b � O � � o � � U G � '� L z aa w � w � o 0 0 � C A � z °� o �'o �G �N i--i ce W F" 0. a� � � 7 A �Q z x � � � �w z � 0 H „ �c �c N U q "' � � a o o � � o� � o � O �e o � "' � �N N a •� � �w w _ z R w �, a �7 � � � � N M � Vl A ^�N O �O �O ♦+O � 00 M � �N N M �O LL U ° w o� �c v, .a7 � � N N W QN o a � x N �., � aN � �; � � '�� , , w w a A a F oa za o ° °p �o a c� zF c�H https://dom-localgov.iowa.gov/budget-renderer?id=17535 19/20 4/11/24,3:12 PM Local Government Property Valuation System NOTICE OF PUBLIC HEARING--PROPOSED BUDGET Fiscal Year July 1,2024-June 30,2025 City of: DUBUQUE The City Council will conduct a public hearing on the proposed Budget at: City Council Chambers,350 W 6th St Meeting Date: 4/15/2024 Meeting Time: 06:30 PM At the public hearing any resident or taxpayer may present objections to,or arguments in favor of,any part of the proposed budget This notice represents a summary of the supporting detail of revenues and expenditures on file with the City Clerk and County Auditor. City budgets are subject to protest.If protest petition requirements are met,the State Appeal Board will hold a local hearing.For more informatiou,consult https://dom.iowa.gov/local-budgct_appcals. The Budget Estimate Summary of proposed receipts and expenditures is shown below.Copies of the the detailed proposed Budget may be obtained or viewed at the oftices of the Mayor,City Clerk,and at the Library. he estimated Total tax levy rate per$1000 valuation on regular property 992637 he estimated tax levy rate per$1000 valuation on Agricultural land is 3.00375 At the public hearing,any resident or taxpayer may present objections to,or arguments in favor of,any part of the proposed budget. honc Numbcr City Clerk/Finance Officer's NAM (563)589-4398 Jennifer Larson Budget FY 2025 Re-estimated FY 2024 Actual FY 2023 Revenues&Other Financing Sources Taxes Levied on Property 1 27,540,528 26,633,490 26,221,156 Less:Uncollected Property Taxes-Levy Year 2 0 0 0 Net Current Property Taxes 3 27,540,528 26,633,490 26,221,156 Delinquent Property Taaces 4 0 0 9,639 TIF Revenues 5 17,907,459 12,193,208 12,802,251 Other City Taxes 6 25,126,148 22,569,156 22,998,721 Licenses&Permits 7 2,375,397 3,897,181 3,765,150 Use of Money and Property 8 19,143,084 18,298,988 18,862,137 Intergovernmental 9 49,923,475 71,660,011 40,864,979 Charges for Fees&Service 10 58,638,885 45,987,461 41,987,087 Special Assessments 11 3,000 ll 5,000 235,024 Miscellaneous 12 9,795,759 16,603,096 14,591,524 Other Financing Sources 13 38,124,352 51,944,442 1,651,152 Transfers In 14 40,357,689 73,074,875 26,720,769 Total Revenues and Other Sources 15 288,935,776 342,976,908 210,709,589 Expenditures&Other Financing Uses Public Safety 16 39,761,962 39,242,394 34,339,637 Public Works 17 ]6,714,526 18,008,824 15,256,912 Health and Social Services 18 1,251,733 1,313,249 992,669 Culture and Recrearion 19 18,070,634 19,837,988 15,614,548 Community and Economic Development 20 17,708,651 19,529,248 16,422,680 General Government 21 15,744,283 15,775,469 12,223,ll7 Debt Service 22 13,597,492 10,626,553 9,319,077 Capital Projects 23 54,596,496 135,559,063 31,542,154 Total GovernmentActivities Expenditures 24 177,445,777 259,892,788 135,710,794 Business Type/Enterprises 25 86,156,076 93,768,011 48,431,905 TotaIALLExpenditures 26 263,601,853 353,660,799 184,142,699 Transfers Out 27 40,357,689 73,074,875 26,720,769 Total ALL Expenditures/Transfers Out 28 303,959,542 426,735,674 210,863,468 Excess Revenues&Other Sources Over (Under)Expenditures/Transfers Out 29 -15,023,766 -83,758,766 -153,879 Beginning Fund Balance July 1 30 72,261,524 156,020,290 156,174,169 Endiug Fund Balance June 30 31 57,237,758 72,261,524 156,020,290 https://dom-localgov.iowa.gov/budget-renderer?id=17535 20/20 4/11/24, 3:12 PM Local Government Property Valuation System FISCAL YEAR JU LY L, 2024 - J UNE 30, 2025 ADOPTION OF BUDGET AND CERTIFICATION OF CITY TAXES The City af: DUBUQUE County Name: DUBUQUE COUNTY Adopted On: April 15, 2924 Resolution: 98-24 The below -signed certifies that the City Council, on the date stated above, lawfidlr approved the ninned resolution adopting, a budget for next fiscal year, as summarized on this and the supporting pages. Attached is Long Term Debt Schedule Form 7413 which lists any and all of the debt service obligations of the City. 'filth Gas & Electric Without Gas & Electric City Number:31-288 Last Official Census: 59,667 Regular 2a 2,83707,3110 2b 2.168.051.830 DEBT SERVICE 3a 3,480,399,093 3b 3,410,562,613 AD Land 4a 3,420,763 Consolidated General Fund Levy Calculation CGFL N1ax Rate CGFL Max Dollars Von-TIFTaxable W G&E Taxable Growth FY 2024 Budget Data 8.10000 21,744.505 -1,684,506.784 5.71 Limitation Percentage CGFL Max Rate CGFL Max Dollars Revenue Growth % MaxAllow'ed CGFL for FY 2025 7.941 [8 22.536,1741 3.64 TAXES LEVIED Code Sec. Dollar Limit Purpose ENTER FIRE DISTRICT RATE BELOW (A) Request with Utility Replacement (B) Property Taxes Levied (C) Rate 384.1 7.94 118 Consolidated General Fund 5 22.536,174 2 1.981,598 43 7.94119 Von -Voted Other Permissible Levies ! ,(1 1 0.95000 Opr & Maint publicly ncoed Transit 7 1.961,40 1.91 3,222 45 0.69118 384.12(2} 0.27000 Aviation Authoriry(tinder see,330A,15) II 0 49 0,00000 384.12(3) Arm Nee Liability, property & self insurance casts 14 1,440.514 1,405,063 52 0.5076(1 384.12(5) Anil Nec Support of a Local I::merg.higmt.Coimn. 4(,2 0 465 0.00()00 Voted Other Permissible Levies 28E.22 1.50000 Lniho l Lan Enforcement 24 0 62 0.00000 Total General Fund Regular Levies (S thru 24) 25 25 938,176 25.299,883 384,1 3,00375 Ag Land 26 10,276 10.275 63 3.00375 Total General Fund Tax Levies (25 + 26) 27 1-5.948,452 25,310, I58 Do Not Add Special Revenue Levies ,84 o Anil Nec Police & fire Retirement 29 0 O.00000 Anil Nec FICA & IPERS (ifgenrral fund at levv limit) 30 1.995.236 1.946.134 0.70307 RuIC� Anit )Sec Other Employee Benefits 31 0 0.00000 Subtotal Employee Benefit Levy (29,30.31) 32 1,995,236 1.946,1 34 65 0.70307 Valuation 3g{. As Reel With Gas & Efec Without Gas & Flee SSMID I (A) 0 (11) 0 341 661 0,00000 SSMID 2 (A) 0 (B) 11 351 0 671 0,00000 SSMID3 0 (B) 0 36 0 t,:t 0.00000 SSMID 4 0 (B) 0 37 0 69 0A0000 SSMID 5 t.0 0 (B) 0 5;i 0 565 0.00000 SSMIDh cA) 0 (B) It 556 0 566 0.00000 SSMID 7 (A} 0 (B) 0 1177 0 1179 0.00000 SSM[D N (Al () (13) 0 1185 0 1187 0.00000 Total Special Revenue Levies 39 1,995,236 1,946,134 384.4 Amt Nee Debt Service Levy 76.10(6) 40 290,069 284,236 70 0.08334 3$4.7 0.67500 Capital Projects (Capital Improv. Reserve) 41 0 71 0.00000 Iota] Property'faxes (27+39+40+41) 42 28,233,7571 27,540,525 72 9,92637 COUNTY AUDITOR - I certify the budget is in compliance with ALL the rollowiug: Budgets that DO NOT meet ALL the criteria below are not statutorily compliant & must be returned to the city for correction. (City Representative ( Date ) ( CountyAuditor ) ( Date ) htips://dom-localgov.iowa.gov/budget-renderer?id=17535 111 5/14/24, 3 53 PM Local Government Property Valuation System FISCAL YEAR JULY 1, 2024 - JUNE 30, 2025 ADOPTION OF BUDGET AND CERTIFICATION OF CITY TAXES The City of: DUBUQUE County Name: DUBUQUE COUNTY Adopted On: 4/15/2024 Resolution: 98-24 The below -signed certifies that the City Council, on the date stated above, lawfully approved the named resolution adopting n budget for next fiscal year, as summarized on this and the supporting pages. Attached is Long Term Debt Schedule Form 703 which lists any and all of the debt service obligations of the City. With Gas & Electric Without Gas & Electric City Number: 31-288 Last Official Census: 59,667 Regular 2a 2,837,887,310 2b 2,768,051,830 DEBT SERVICE 3al 3,480,398,093 3b 3,410,562,613 Ag Land 4al 3,420,763 Consolidated General Fund Levy Calculation CGFL Max Rate CGFL Max Dollars Non-TIF Taxable wl G&E Taxable Growth % FY 2024 Budget Data 8.10000 21,744,505 2,694,506,794 5.71 Limitation Percentage 2 CGFL Max Rate CGFL Max Dollars Revenue Growth % Max Allowed CGFL for FY 2025 7,941181 22,536,1741 3.64 TAXES LEVIED see. Dollar Limit Purpose ENTER FIRE DISTRICT RATE BELOW (A) Request with Utility Replacement TaxesLe Levied R to 384.1 7.94118 Consolidated General Fund 5 22,536,174 21,981,598 43 T94118 Non -Voted Other Permissible Levies 384.12(l) 0.95000 Opr & Maint publicly owned Transit 7 1,961,489 1,913,222 45 0.69118 384.12(2)1 0 27000 Aviation Authority (under see.330A.15) 11 01 49 0.00000 384. l2(3) Amt Nee Liability, property & self insurance costs 14 1,440,514 1,405,063 52 0.50760 384.12(5) Amt Nee Support ofa Local Emerg.Mgmt.Comm. 462 0 465 0.00000 Voted Other Permissible Levies 28E.22 1.50000 Unified Law Enforcement 24 0 62 0.00000 Total General Fund Regular Levies (5 thru 24) 25 25,938,176 25,299,883 384.1 3.00375 Ag Land 26 10,276 10,275 63 3.00375 Total General Fund Tax Levies (25 + 26) 27 25,948,452 25,310,158 Do Not Add Special Revenue Levies 384.6 Amt Nee Police & Fire Retirement 29 0 0.00000 Amt Nee FICA & IPERS (if general fund at levy limit) 30 1,995,236 1,946,134 0,70307 Rules Amt Nee Other Employee Benefits 31 0 0.00000 Subtotal Employee Benefit Levy (29,30,31) 32 1,995,236 1,946,134 65 0.70307 Valuation 396 As Req With Gas & Elec Without Gas & Elec SSMID 1 (A) 0 (B) 0 34 0 66 0.00000 SSMID 2 (A) 0 (B) 0 35 0 67 0.00000 SSMID 3 (A) 0 (B) 0 36 0 68 0.00000 SSMID 4 (A) 0 (B) 0 37 0 69 0.00000 SSMID 5 (A) 0 (B) 0 555 0 565 0.00000 SSMID 6 (A) 0 (B) 0 556 fl 566 0.00000 SSMID 7 (A) 0 (13) 0 1177 0 1179 0.00000 SSMID 8 (A) 0 (B) 0 1185 0 1187 0.00000 Total Special Revenue Levies 39 1,995,236 1,946,134 384A Amt Neq Debt Service Levy 76.10(6) 40 290,069 284,236 70 0.09334 384.7 0.675001Capltal Projects (Capital Improv. Reserve) 41 0 71 0.00000 Total Property Taxes (27+39+40+41) 42 28,233,757 27,540,528 72 9.92637 COUNTY AUDITOR - I certify the budget is in compliance with ALL the following: Budgets that DO NOT meet ALL the criteria below are oat statutorily compliant & must be returned to the city for correction. ( City Rcpres v ( Date ) { County Auditor) ( Date ) Prepared by Finance Department Address: City Hall 50 W. 1V Street• Telephone: 589-4398 RESOLUTION NO. 99 - 24 ADOPTING THE CITY OF DUBUQUE FISCAL YEAR 2025 ANNUAL BUDGET NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the annual budget for the fiscal year ending ,tune 30, 2025, as set forth in the Adoption of Budget and Certification of Taxes and supporting state budget forms showing the revenue estimates and appropriation expenditures and allocations to programs and activities for said fiscal year, is adopted as amended. Section 2. The Chief Financial Officer is directed to make the filings required by law. Passed, approved and adopted this 151h day of April 2024. brad M. CC�av, agh, Mayor Attest: Adrienne N. Breitfelder, City Clerk Prepared by Finance Department; Address: City Hall, 50 W. 131h Street; Telephone: 589-4398 RESOLUTION NO. 100 - 24 ADOPTING THE CITY OF DUBUQUE FIVE YEAR CAPITAL IMPROVEMENT PROGRAM WHEREAS, a recommended five-year Capital Improvement Program for the period beginning July 1, 2024, and ending June 30, 2029, for the City of Dubuque has been prepared and submitted to the City Council; and WHEREAS, the five-year Capital Improvement Program describes specific capital improvement projects, provides estimated costs for those projects, proposes sources of funds for each of them, and schedules the year during which each project will be undertaken; and WHEREAS, the capital improvement projects for the first year are included in the Fiscal Year 2025 budget for the City of Dubuque; and WHEREAS, the five-year Capital Improvement Program will be reconsidered annually by the City Council and appropriately revised; and WHEREAS, the adoption of the five-year Capital Improvement Program is a prudent measure to provide continuity of programs and is in the best interest of the City of Dubuque. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF DUBUQUE, IOWA: Section 1. That the five-year Capital Improvement Program for the period beginning July 1, 2024, set out in the Fiscal Year 2025-2029 Recommended Capital Improvement Budget, is hereby approved and adopted as allocation of City resources for capital improvements as scheduled in the years shown, subject to annual review and revision. Passed, approved and adopted this 151h day of April 2024. ra M.�Cavanqggr, ayor Attest: Adrienne N. Breitfelder, City Clerk Trish Gleason From: noreply@civicplus.com Sent: Friday, December 22, 2023 2:49 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2024 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2024 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2024, which begins July 1, 2023, and ends on June 30, 2024. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2024 budget. The City Council will consider the recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budget(day-to-day costs of providing city services) is around$177 million and the capifal budget, which includes major projects and improvemenfs, is approximately$86 million. What ideas do you have The Amtrak get back to Dubuque. It shouldn't have left for the City's FY2024 honestly. This could open Dubuque's tourism to bigger Budget beginning on surrounding cities such as Chicago, Davenport, Wisconsin July 1, 2023? again-and maybe even go as far as Los Angeles. The Airport has not been as successful or affordable over time. This gives people a more affordable travel option across the board First Name Robert Last Name Bennett Street Address 1636 Jackson St City Dubuque State IA Zip 52001 Email not displaying correctly?View it in vour browser. 1 Trish Gleason From: noreply@civicplus.com Sent: Sunday, March 24, 2024 7:16 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input � I Lhis sender is trusted. � Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders fo provide their input as they prepare the City's operating and capifal improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projects and improvements, is approximately$86 million. What ideas do you have As a resident and property owner of Dubuque, I am passionate for the City's FY2025 about enhancing our city's infrastructure and community Budget beginning on activities. I strongly advocate for an increase in taxes to July 1, 2024? support initiatives such as prioritizing funding for subsidized housing, expanding green spaces, implementing recycling carts, enhancing the composting program, and investing in arts and culture. I believe these improvements are vital for the well- being and prosperity of our community. As a property owner, I am fully committed to supporting this initiative and am willing and happy to contribute more taxes for the betterment of our city's amenities. First Name Annie Last Name Flanagan Street Address 335 N Booth St City Dubuque 1 State IA Zip 52001 Attachment(s): Field not completed. Email not displaying correctly?View it in vour browser. 2 Trish Gleason From: noreply@civicplus.com Sent: Thursday, March 7, 2024 9:39 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input � I Lhis sender is trusted. � Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders fo provide their input as they prepare the City's operating and capifal improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projects and improvements, is approximately$86 million. What ideas do you have THIS IS A STAFF TEST for the City's FY2025 Budget beginning on J u ly 1, 2024? First Name ,loe Last Name �ink Street Address 50 W. 13th St City Dubuque State IA Zip 52001 Email not displaying correctly?View it in vour browser. 1 Trish Gleason From: noreply@civicplus.com Sent: Thursday,January 25, 2024 7:03 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input � I Lhis sender is trusted. � Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders fo provide their input as they prepare the City's operating and capifal improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projects and improvements, is approximately$86 million. What ideas do you have I think we need to improve on slow plowing more inspecters for the City's FY2025 Budget beginning on J u ly 1, 2024? First Name Danielle Last Name Taylor Street Address 90 main st City Dubuque State lowa Zip 52001 Email not displaying correctly?View it in vour browser. 1 Trish Gleason From: noreply@civicplus.com Sent: Friday,January 5, 2024 4:12 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have Build low-cost rental units. for the City's FY2025 Budget beginning on J u ly 1, 2024? First Name frank Last Name belcastro Street Address 285 north grandview avenue City dubuque State IA Zip 52001-6327 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Friday,January 5, 2024 3:26 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have I feel city needs to provide for more rental inspectors. Too for the City's FY2025 many landlords do not give a D about their tenants. .My Budget beginning on husband and I owned a 4 plex several years ago. We did many July 1, 2024? improvements as our building was built in late 1800s. So many rental areas are old and need more work on them. However, I see others that are not so old not well maintained. many persons who rent may be elderly on have no money to buy. I feel we need to take care of our citizens not the business owners that are caring. First Name Shirley Last Name A Healy Street Address 3895 Short St. City DUBUQUE State Dubuque � Zip 52002 Email not displaying correctly?View it in vour browser. 2 Trish Gleason From: noreply@civicplus.com Sent: Friday,January 5, 2024 10:33 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have Please add two or more housing inspectors to the city's budget. for the City's FY2025 It has been made clear that the city of Dubuque can not Budget beginning on maintain the standards in housing and protections for renters July 1, 2024? without adding two more positions. First Name Sandy Last Name Hockenberry Street Address 1015 W 3rd Street City Dubuque State IA Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Friday,January 5, 2024 9:26 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have More money to rental inspection and inspectors for the City's FY2025 Budget beginning on J u ly 1, 2024? First Name Nichollas Last Name Zimmerman Street Address 1193 Highland Place City Dubuque State IA Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Friday,January 5, 2024 9:25 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have More money towards rental, inspectors, and more money for the City's FY2025 towards mental health in schools Budget beginning on J u ly 1, 2024? First Name MagDahlia Last Name Zimmerman Street Address 1193 Highland Place City Dubuque State IA Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Thursday,January 4, 2024 324 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have Dubuque desperately needs more rental inspectors. Increase for the City's FY2025 rental fees to pay for the additional inspectors. Budget beginning on Additionally, I would love to see more walkable/bike friendly July 1, 2024? infrastructure where possible, especially with the amount of reconstruction taking place now and in the near future. First Name Larry Last Name Zimmerman Street Address 1193 Highland place City Dubuque State lowa Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Thursday,January 4, 2024 2:17 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have I would like two additional inspectors to address inspection for the City's FY2025 shortfalls, and I want them to increase rental licensing fees Budget beginning on before billings go out in February to pay for those two J u ly 1, 2024? inspectors. First Name Marilyn Last Name Gorun Street Address 3113 Pasadena Ct Unit 32 City Dubuque State lowa Zip 52001-0845 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Wednesday, January 3, 2024 10:54 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have As a citizen concerned about safe and healthy rental housing, I for the City's FY2025 encourage you to increase rental licensing fees enough to pay Budget beginning on for two more housing inspectors. I believe this will make is July 1, 2024? more in line with lowa cities of a similar size and allow us to shorten our inspection cycle. Thank you! First Name Sue Last Name McTaggart Street Address 1163 Highland Place City Dubuque State IA Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Tuesday,January 2, 2024 1125 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have I urge the City of Dubuque to hire at least two more housing for the City's FY2025 inspectors, increasing rental licensing fees to cover the cost if Budget beginning on necessary. Dubuque needs more frequent inspections to meet July 1, 2024? current and future needs, as is done in other comparable lowa cities. Thank you in advance for considering this for the FY2025 budget. First Name Evelyn Last Name Nadeau Street Address 663 Fenelon PI. City Dubuque State IA Zip 52001 � Email not displaying correctly?View it in vour browser. 2 Trish Gleason From: noreply@civicplus.com Sent: Tuesday,January 2, 2024 5:53 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have Increase the amount of housing inspectors by 2 full time city for the City's FY2025 employees to get Dubuque rentals up to a livable standard. Budget beginning on One way to fund these positions would be by raising licensing July 1, 2024? fees for landlords. First Name Kalee Last Name Kerper Street Address 1717 Kane St APT 43 City Dubuque State IA Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Thursday, December 21, 2023 221 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have 2 additional housing inspectors to shorten the inspection for the City's FY2025 intervals and improve quality of life for renters. Pay for some of Budget beginning on it with increased inspection fees. J u ly 1, 2024? First Name Paul Last Name Schultz Street Address 1040 Carmel Dr City Dubuque State lowa Zip 52003 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Tuesday, December 19, 2023 4:32 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have Hire more housing inspectors. Dubuque's housing is a disgrace for the City's FY2025 and our citizens deserve better. Budget beginning on July 1, 2024? More funding for community health clinics like Crescent which serve our community's poor and vulnerable (some of the only providers who accept Medicaid). Dubuque needs more access to healthcare for the chronically ill and indigent. Dubuque needs more resources for folks with mental health issues and addiction problems. First Name Briana Last Name Moss Street Address 2520 Marywood Drive City Dubuque State IA 1 Zip 52001 Email not displaying correctly?View it in vour browser. 2 Trish Gleason From: noreply@civicplus.com Sent: Tuesday, December 19, 2023 4:27 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have Increase city liscensing fees so can hire more city inspectors. for the City's FY2025 Budget beginning on J u ly 1, 2024? First Name Veronica Last Name McAvoy Street Address 125 West 9th Street City Dubuque State lowa Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Tuesday, December 19, 2023 4:20 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Never give your login Block sender information and password over email! Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders to provide their input as they prepare the City's operating and capital improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projecfs and improvements, is approximately$86 million. What ideas do you have I am in sympathy with ICC efforts to lend tenants a better for the City's FY2025 reponse to their needs for decent housing. Adding inspectors to Budget beginning on keep an eye on situations in need of attention seems like a July 1, 2024? good idea since 5 years can be a very long time to correct defiencies. First Name Dorothy Last Name Schwendinger Street Address 3390 Windsor City Dubuque State lowa Zip 52001 Email not displaying correctly?View it in your browser. 1 2 Trish Gleason From: noreply@civicplus.com Sent: Tuesday, November 21, 2023 8:10 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Block sender Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders fo provide their input as they prepare the City's operating and capifal improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projects and improvements, is approximately$86 million. What ideas do you have Full time site supervisor for the Multicultural Family Center. for the City's FY2025 Budget beginning on J u ly 1, 2024? First Name Kimberly Last Name Stedwell Street Address 1860 Hale Street City Dubuque State lowa Zip 52001 Email not displaying correctly?View it in vour browser. 1 Trish Gleason From: noreply@civicplus.com Sent: Tuesday, November 21, 2023 9:12 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Block sender Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders fo provide their input as they prepare the City's operating and capifal improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projects and improvements, is approximately$86 million. What ideas do you have Full Time Site Supervisor at the Multicultural Family Center. for the City's FY2025 Budget beginning on J u ly 1, 2024? First Name Heidi Last Name Zull Street Address 1530 Jackson St City Dubuque State IA Zip 52001 Email not displaying correctly?View it in vour browser. 1 Trish Gleason From: noreply@civicplus.com Sent: Saturday, November 11, 2023 9:59 AM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input Caution!This message was sent from outside your organization. Block sender Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders fo provide their input as they prepare the City's operating and capifal improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projects and improvements, is approximately$86 million. What ideas do you have Hi, for the City's FY2025 Budget beginning on I highly recommend doing many of the street improvements July 1, 2024? that are in need of repair. These streets that are travelled on can take a toll on costly car repairs in the future (Alignments, shocks and struts, front end components, etc...) I noticed that most of the streets that are in need of repair are mainly do to buckles and cracks that can make for a bumpy ride. (A couple of examples: Jackson street from W.32nd to about 24th and Grandview Ave. from W.32nd to Kane St.) In the past I have contacted the city a few times about these issues but I think it's time to go forward with the improvements. Thanks for your time, Jeff First Name JEFFREY 1 Last Name ROBBINS Street Address 629 Groveland PI City Dubuque State IA Zip 52001 Email not displaying correctly?View it in vour browser. 2 Trish Gleason From: noreply@civicplus.com Sent: Monday, April 8, 2024 1:35 PM To: Jenny Larson;Joe Link; Robyn Hosch Subject: Online Form Submittal: Fiscal Year 2025 Budget Input � I Lhis sender is trusted. � Fiscal Year 2025 Budget Input City staff are asking Dubuque residents and stakeholders fo provide their input as they prepare the City's operating and capifal improvement program budgets for fiscal year(FY) 2025, which begins July 1, 2024, and ends on June 30, 2025. Submitted input will be reviewed by staff and will assist in the development of a recommended FY2025 budget. The City Council will consider fhe recommended budget and the public will have additional opportunities to offer input during eight public meetings in March. The City's operating budgef (day-to-day costs of providing city services) is around $172 million and the capifal budget, which includes major projects and improvements, is approximately$86 million. What ideas do you have I would like to see more attention paid to the dog park on for the City's FY2025 Grandview Avenue. We recently traveled with our dogs and Budget beginning on visited three different dog parks in two other states. All of them July 1, 2024? had offstreet parking, which I really appreciated since my car was totaled on Grandview Avenue when I was at the dog park. Two of the three were much bigger than ours, but all had smaller areas devoted to small dogs. The two larger ones had numerous benches and Adirondack chairs scattered throughout and additional features like tires for dogs to play on or mulch to dig in. There were also walking paths (paced or wood chip)to encourage dogs and people to move farther from the gates. All three had areas that were mulched or covered in straw to protect and promote growth of grass, and one had part of the park temporarily cordoned off with orange construction fencing and reseeded. If you haven't been to the Grandview dog park recently, you should go and see how much of it is ugly bare soil/mud. And notably, all three other parks were free despite their better amenities! � First Name Andrea Last Name Bixler Street Address 485 Arlington St City Dubuque State IA Zip 52001 Attachment(s): Field not completed. Email not displaying correctly?View it in vour browser. 2 Adrienne Breitfelder From: Citizen Support Center <dubuqueia@mycusthelp.net> Sent: Wednesday, April 10, 2024 7:05 AM To: Adrienne Breitfelder Subject: "Contact Us" inquiry from City of Dubuque website � I Lhis sender is trusted. � Contact Us Name:John Klostermann Address: Ward: Phone:5635802272 Email:jklost1974@gmail.com City Department:City Council Message:Congratulations to all on the 8 million dollar grant award for the Bee Branch gate and pumps replacements project. I know it was quit an effort to get this award.Also I would like to thank the council for providing support for funding this critical flood control project and all the infrastructure projects in the proposed FY 25 budget. I appreciate all you do for our community.lohn 1 Public Hearing to Adopt the Fiscal Year 2025 Budget April 11, 2024 1 2 Five-Year Goals: 2023-2025 •Vibrant Community •Financially Responsible, High-Performance City Organization •Robust Local Economy •Livable Neighborhoods & Housing •Sustainable Environment •Connected Community •Diverse Arts, Culture, Parks, and Recreation Experiences & Activities •Partnerships for a Better Dubuque 3 2023-2025 Top Priorities (in alphabetical order) •Air Service: Future Strategy & Action Plan •City Workforce Retention & Attraction •Comprehensive Study of Fire Station Locations and Staffing •Police Department Full Staffing •Street Maintenance & Rehabilitation Program 2023-2025 High Priorities (in alphabetical order) •Bee Branch Detention Basin Pump Replacement •Catfish Creek Sanitary Sewer Project Pump Station •Central Avenue Corridor Revitalization Plan •Leveraging Federal & State Infrastructure Grant Programs •RAISE Grant & Matching Funds for Construction (14th St. Railroad Overpass and Elm St. and 16th St. Corridor Complete Streets) 4 Budget Recommendation Built On: 1.City Council Goals & Priorities 2.Major CIP Projects 3.Leveraging Federal & State Grants 4.Public Safety 5.Streets 5 6 95,700 86,403 95,945 99,266 80,000 85,000 90,000 95,000 100,000 1970 1972 1974 1976 1978 1980 1982 1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 2014 2016 2018 2020 2022 DUBUQUE COUNTY POPULATION ESTIMATES 37-Year Recovery (1976-2013) THERE IS NOTHING HERE FOR YOU Outperforming Most of Our Peers 7 Outperforming Most of Our Peers Micropolitan Statistical Area % Change Keokuk -7.00% Fort Dodge -5.50% Clinton -5.50% Burlington -5.10% Mason City -4.40% Spencer -4.10% Marshalltown -2.80% Storm Lake -2.40% Ottumwa -1.80% Boone -1.60% Muscatine -0.08% Oskaloosa 0% Newton 3.30% Spirit Lake 5.30% Fairfield 8.90% Percent Change in Population: 2010-2020 8 Outperforming Most of Our Peers Metropolitan Statistical Area % Change Des Moines-West Des Moines Metro Area 16.7% Iowa City Metro Area 15.2% Ames Metro Area 7.3% Cedar Rapids Metro Area 6.2% Dubuque Metro Area 4.2% Janesville-Beloit, WI Metro Area 2.1% Sioux City, IA-NE-SD Metro Area 1.0% Waterloo -Cedar Falls Metro Area 0.3% Davenport-Moline-Rock Island Metro Area -0.5% Rockford, IL Metro Area -3.0% Peoria, IL Metro Area -3.3% Decatur, IL Metro Area -6.1% Percent Change in Population: 2010-2020 9 Outperforming Most of Our Peers City 1970 Population 2020 Population % Change Gary, IN 175,415 69,093 -60.6% South Bend, IN 125,580 103,453 -17.6% Flint, MI 193,317 81,252 -58.0% Detroit, MI 1,511,482 639,111 -57.7% Akron, OH 275,425 190,469 -30.8% Cincinatti, OH 452,524 309,317 -31.6% Cleveland, OH 750,903 372,624 -50.4% Dayton, OH 243,601 137,644 -43.4% Toledo, OH 383,818 270,871 -29.4% Youngstown, OH 139,788 60,068 -57.0% Percent Change in Population: 1970-2020 Budget Context 10 •GDDC 5-Year Campaign Goals •Poverty Prevention & Reduction •Cost Increases •Community Safety •Roads & Infrastructure •Economic Development & Housing •Improved Customer Service •Identifying and Funding Important Initiatives to Support Employees •Opportunities for Grants and Forgivable Loans •ARPA, BIL, and Other Funding Proposed City Property Tax Levy 11 FY2023 Proposed FY20 24 % Change Total Tax Levy $26,136,666 $26,546,601 1.57% Tax Rate $9.74220 $9.89500 1.57% FY2024Proposed FY2025 % Change Total Tax Levy$26,623,300 $28,223,480 6.01% Tax Rate$9.90135 $9.92638 0.25% Proposed Property Tax Levy 12 % Change from FY24 $ Change from FY24 Property Tax Rate 0.25%$0.03 Property Tax Asking 6.01%$1,600,180 Avg. Residential Property 5.00%$40.75 Avg. Commercial Property 25.55%$850.63 Avg. Industrial Property 3.89%$187.33 Comparison of Impact of Proposed Property Tax Rate 13 Property Classification Breakdown FY24 Property Tax Payment FY25 Property Tax Payment Difference Number of Properties Residential*: Avg. value = $196,508 $815.07 $855.82 +$40.75 _ Commercial: $150,000 value $649.33 $690.02 +$40.69 648 Commercial: $300,000 value $1,613.67 $2,030.08 +$416.41 265 Commercial: $450,000 value $2,683.02 $3,370.14 +$687.12 149 Commercial: Avg. value = $540,594*$3,328.86 $4,179.41 +$850.63 66 Industrial: Avg. value = $632,952 $4,817.26 $5,004.59 +$187.33 _ *There are 541 commercial properties over the average value of $540,594. Homestead Exemption 65+ •HF718 created new exemption •3,398 Homeowners filed for exemption •FY25 $3,250 in taxable value •FY26 $6,500 in taxable value FY2025 revenue reduction to City of $113,017 14 * Residential Property Tax Exemptions Military Exemption •HF718 changed Military Credit to Exemption •Increased from $1,852 to $4,000 •1,937 Homeowners receive Military Exemption FY2025 revenue reduction to City of $76,918 15 * Residential Property Tax Exemptions School, County and City Budget Year Statement to Owners and Tax Payers - As Required by Iowa Code 24.2A 16 Measuring Impact of Tax Rate Changes 17 •City of Dubuque measures the impact of a change in the property tax rate by creating an average value for properties in different classifications that gets increased each year •State of Iowa wants cities to look at the impact on a fixed value of a $100,000 property Measuring Impact of Tax Rate Changes 18 •The State of Iowa calculation shows the impact on small businesses and smaller residential properties. •The impact is different because the first $150,000 of a commercial property gets the much greater residential rollback. •In other words, less of the value of the property is subject to property tax. Measuring Impact of Tax Rate Changes 19 Dubuque example: Commercial or residential property with an assessed value of $100,000 would have paid $541 in FY2024 and will pay $460 in FY2025, a decrease of $81, or 14.97%. Measuring Impact of Tax Rate Changes 20 •Since 1989, the average Dubuque homeowner has averaged an annual increase in costs in the City portion of their property taxes of 1.36%, or about $8.41 a year. •If the State had been fully funding the Homestead Tax Credit, the increase would have averaged approximately $5.67 a year. State’s Residential Rollback •The State’s residential rollback factor will decrease from 54.6501% in 2024 to 46.3428%, or a 15.20% decrease in FY 2025. •The decrease in the residential rollback factor decreases the value upon which that each residence is taxed. •This decreased taxable value for the average homeowner ($87,169 taxable value in FY 2024 and $91,067 taxable value in 2025) results in less taxes to be paid per $1,000 of assessed value. 21 City Property Tax Rate Comparison 22 $9.93 $10.09 $10.53 $11.76 $15.63 $15.71 $16.47 $16.61 $17.56 $17.85 $18.16 $22.42 Waterloo = 125.8% higher than Dubuque Average = 58.3% higher than Dubuque Significant Issues Impacting Budget 23 $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 Annual Loss of Tax Revenue from Multi-Residential Property Rollback The State of Iowa will not backfill property tax loss from the rollback on multi- residential property. The City will annually lose $1.2 million as a result. Dubuque’s total revenue loss for FY17-FY24 = $5.63 million 24 Significant Issues Impacting Budget •Homestead Exemption for 65+ •Military Exemption •Revaluation of Residential & Commercial •Residential Rollback •Riverfront Property Lease Revenue •Local Option Sales Tax •Hotel/Motel Tax 25 Significant Issues Impacting Budget •Moody’s Upgrade of City Bond Rating (July 2023) •5% for Dubuque Police Protective Association and Non-Represented Employees •3% for Already-Approved Collective Bargaining Agreements for Teamsters •Dubuque Professional Fire Fighters Association and International Union of Operating Engineers in contract negotiations •Estimated cost to General Fund = $1,942,693 26 Significant Issues Impacting Budget •Fire Department: Additional Captain (Field Officer/Safety Officer) starting Aug. 1, 2024 •Fire Department: Bureau Chief (EMS Division) starting July 1, 2024 •Public Safety Software ($3 million) Significant Issues Impacting Budget 27 $- $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 $1,800,000 $2,000,000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Total State Backfill Payments to Dubuque The projected backfill for Dubuque for the two-tier assessment limitation in FY2025 is estimated to be $576,898. State-Funded Backfill on Commercial & Industrial Property Tax 28 Significant Issues Impacting Budget •Gaming Revenue •Interest Revenue •Hotel/Motel Tax Revenue •Franchise Fee Revenue •Moody’s Investors Service Change in Methodology Significant Issues Impacting Budget 29 Fiscal Year 2024 Debt: •Expenses to make projects grant-eligible and provide matching funds to compete for grants FY2025 CIP Budget Recommendation: •$88,753,825 •15.94% increase from the FY2024 CIP budget of $76,554,143 30 Recommended 5-Year CIP Fiscal Year Total CIP Expenditures FY2024 $76,554,143 FY2025 $88,753,825 FY2026 $107,070,406 FY2027 $54,228,354 FY2028 $50,987,905 FY2029 $53,220,267 Total $430,814,900 •City will issue $140,228,544 in new debt in the recommended 5-year CIP. •City will retire $129,549,189 of existing debt •Increase of City debt by $10,679,355 31 Recommended 5-Year CIP •For FY2025, the use of the statutory debt limit would be 34.85%, and by the end of the recommended 5-Year CIP budget in FY2029, the City would be at 35.65% of the statutory debt limit. 32 Recommended 5-Year CIP 33 Recommended 5-Year CIP Strategic Use of Debt for Infrastructure Projects: 1.The older a piece of infrastructure gets and the more it is allowed to deteriorate, the more costs increase 2.The longer the wait to invest in infrastructure, the more costs are increased by inflation 3.If the investment in infrastructure is not made in this interest rate environment, it will eventually need to be made when interest rates could be potentially higher, thereby increasing costs 4.The massive amount of federal grant money that is being made available 34 Strategic Use of City Debt Debt Obligation 6/30/2024 Principle Outstanding General Obligation Essential Corporate Purpose $95,787,606 Less General Obligation Debt Subject to Annual Appropriation ($15,902,592) Tax Increment Notes and Bonds $16,350,000 Economic Development TIF Rebate Agreements $6,104,789 Other Revenue-Backed Loans $2,940,485 Total Indebtedness Subject to Statutory Debt Limit of $262,722,395 $105,280,288 Percent of Statutory Debt Limit Used as of June 30, 2024 40.07 % Revenue Bonds $135,817,825 Less Revenue Bonds Subject to Annual Appropriation ($13,956,032) Add Debt Subject to Annual Appropriation $29,858,624 Total City Indebtedness as of June 30, 2024 $257,000,705 35 Project FY 2025 FY 2026 FY 2027 FY 2028 FY 2029 Total Fire Equipment Replacement (LOST)$ 969,342 $ 1,248,060 $ 804,000 $ — $ — $ 3,021,402 Fire Station Expansion/Relocation (LOST)$ — $ — $ — $ 976,700 $ 3,797,000 $ 4,773,700 Fire Station Improvements (LOST)$ 1,320,900 $ 225,000 $ 370,000 $ 250,000 $ — $ 2,165,900 Fire Training Burn Tower Improvements (LOST)$ 466,676 $ — $ — $ — $ — $ 466,676 Airport Improvements (LOST)$ 500,386 $ 1,093,148 $ 754,835 $ 739,438 $ 364,560 $ 3,452,367 ABC Supply Building Deconstruction (GDTIF)$ 457,000 $ — $ — $ — $ — $ 457,000 Reimagine Comiskey (GDTIF)$ — $ 1,697,000 $ — $ — $ 733,000 $ 2,430,000 Five Flags (GDTIF)$ — $ 2,800,000 $ 1,300,000 $ 6,400,000 $ 8,972,000 $ 19,472,000 Smart Parking System (GDTIF)$ 1,957,000 $ 780,000 $ — $ — $ — $ 2,737,000 Parking Ramp Major Maintenance Repairs (GDTIF)$ 6,053,000 $ 1,240,000 $ — $ — $ — $ 7,293,000 Federal Building Renovation (GDTIF)$ 533,000 $ 383,000 $ — $ — $ 4,695,000 $ 5,611,000 Iowa Amphitheater on Schmitt Island (GDTIF)$ 285,000 $ 5,499,961 $ — $ — $ — $ 5,784,961 McFadden Farm - South Heacock Road (DICW)$ 2,274,963 $ — $ — $ — $ — $ 2,274,963 Development of Graf Properties (DICW)$ — $ — $ 536,822 $ — $ — $ 536,822 Development of McFadden Property (DICW)$ — $ 4,214,772 $ 2,163,178 $ — $ — $ 6,377,950 Solid Waste Collection Vehicles - Refuse $ 873,700 $ 585,840 $ 400,000 $ — $ — $ 1,859,540 Sanitary Sewer Projects $ 17,683,900 $ 15,531,900 $ 8,212,105 $ 10,448,695 $ 4,881,286 $ 56,757,886 Stormwater Projects $ — $ — $820,000 $ 6,547,357 Water Projects $ 4,686,377 $ 750,000 $ 3,750,000 $ 1,750,000 $ 3,000,000 $ 13,936,377 Water Forgivable SRF Debt $ — $ — $ — $ — $ — $ — Total New Debt $38,061,24 $36,048,681 $19,110,940 $20,564,833 $26,442,846 $140,228,544 Strategic Use of City Debt Recommended 5-Year CIP •Fire equipment replacement •Fire station improvements •Fire station expansion •Airport improvements •Chaplain Schmitt Island Iowa Amphitheater •Reimagine Comiskey Park •Federal Building renovations •Solid waste collection vehicles •Sanitary sewer improvements •Water improvements •Stormwater improvements •Parking improvements •Renovation of Five Flags 36 Majority of new debt will fund: 37 Strategic Use of City Debt Project FY2025 FY2026 FY2027 FY2028 FY2029 Total New Debt $38,061,244 $36,048,681 $19,110,940 $20,564,833 $26,442,846 $140,228,544 Retired Debt -$23,083,466 -$25,009,966 -$26,351,582 -$27,181,979 -$27,922,195 -$129,549,188 Net Debt Increase (Reduction) $14,977,778 $11,038,715 ($7,240,642)($6,617,146)($1,479,349)$10,679,356 The City will retire $129,549,188 of existing debt over the next five-years (FY25-FY29). 38 Strategic Use of City Debt The City will be at 34.85% of statutory debt limit by June 30, 2025. In FY2016 the City was at 86.13% of statutory debt limit, so 34.85% in FY2025 is a 52% decrease in use of the statutory debt limit. 10-year history of the City’s use of the statutory debt limit: 5-year projection of the City’s use of the statutory debt limit from FY2025–2029 including all planned debt issuances subject to the statutory limit and assuming a 2% growth in the City’s assessed valuation: FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 83.87%86.54%66.06%59.79%52.90%46.91%43.51%43.33%39.36%40.07% FY2025 FY2026 FY2027 FY2028 FY2029 34.85%37.22%35.31%34.03%35.65% 39 Percentage of Legal Debt Limit Utilized 15.8%17.6%23.6%26.4% 34.9%42.3%48.9%50.9%53.6%56.1%63.0%66.7%Dubuque ranks as the 5th lowest of the 11 largest cities and is below the average. Des Moines is 91% higher and the average is 21% higher than Dubuque The total City indebtedness as of June 30, 2025, is projected to be $274,937,509 (34.85% of statutory debt limit). The total City indebtedness as of June 30, 2015, was $295,561,181 (69.45% of statutory debt limit). The City is projected to have $22,808,589 more in debt as of June 30, 2025. This includes $3.285 million issued for the Chaplain Schmitt Island - Iowa Amphitheater project, which will be paid by the DRA. The combination of increased debt and increased utility rates partially reflects the movement to a more critical infrastructure funding strategy. 40 Retired Debt vs. New Debt 41 Retired Debt vs. New Debt (in millions) $14.30 $16.26 $17.95 $17.13 $23.36 $18.05 $17.72 $18.81 $20.87 $23.08 $25.01 $26.35 $27.18 $27.92 $25.19 $25.30 $20.30 $20.30 $20.64 $12.97 $14.77 $12.07 $4.05 $10.48 $14.92 $18.49 $0.00 $36.82 $38.06 $36.05 $19.11 $20.56 $26.44 $1.00 $1.00 $1.00 $1.00 $1.00 $0 $5 $10 $15 $20 $25 $30 $35 $40 FY16 FY17 FY18 FY19 FY20*FY21 FY22 FY23 FY24 FY25 FY26**FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 Series1 Series2 *In Fiscal Year 2020, the City had $5,908,200 forgiven of the Bee Branch Upper Bee Branch Loan on June 30, 2020 which increased principal payments reflected. **In Fiscal Year 2026, it is projected $2,494,896 of SRF debt will be forgiven as part of the Private Lead Water Service Line Replacement Pilot Project. FY2015: Dubuque used 90% of statutory debt limit FY2025 Budget Recommendation: use of statutory debt limit is 34.85% By the end of the recommended 5-Year CIP budget in FY2029, the Dubuque would be at 36% of statutory debt limit. 5-Year CIP includes $3.285M in FY2025 and $5.5M in FY2026 for the Chaplain Schmitt Island - Iowa Amphitheater, which will be paid by the DRA. Projections out 10 years to FY2034 show Dubuque at 20.5% of statutory debt limit 42 Statutory Debt & Total Debt 43 FY2025 Recommended Reduction of Statutory Debt Limit Used 90%87% 66%60% 53% 47%44%43% 36%40%35%37%35%34%36%32%28%26%23%20% FY15 FY16 FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32 FY33 FY34 FY15 to FY25 = 62% decrease in use of the statutory debt limit. Significant Issues Impacting Budget General Fund Reserves •Moody’s Investor Service recommends a 30% General Fund Operating Reserve for “AA” rated cities. •In July 2023, Moody’s Investor Service upgraded the City’s outstanding general obligation bonds from Aa3 to Aa2, as well as the outstanding Sales Tax Increment Revenue bonds from A2 to A1. “Notable credit factors include strong financial operations and ample revenue-raising flexibility, which has resulted in steadily improved available fund balance and cash. The City serves as a regional economic center and its regional economic growth rate has outpaced the nation over the past five years.” 44 Significant Issues Impacting Budget General Fund Reserves In FY2017, the City had projected reaching this consistent and sustainable 20% reserve level in FY2022. In fact, the City met the 20% reserve requirement in FY2017, five years ahead of schedule and has sustained a greater than 20% reserve. 45 Significant Issues Impacting Budget General Fund Accrual Reserve Goal = 25% 46 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 City’s Spendable General Fund Cash Reserve Fund Balance $29,659,518 $23,859,518 $18,059,518 $18,059,518 $18,059,518 $18,059,518 % of Projected Revenue 41.97%33.76%25.56%25.56%25.56%25.56% Significant Issues Impacting Budget General Fund + Enterprise Accrual Funds Reserve Goal = 25% 47 FY2024 FY2025 FY2026 FY2027 FY2028 FY2029 City’s Spendable Moody's Reserve Fund Balance $46,304,790 $40,504,790 $34,704,790 $34,704,790 $34,704,790 $34,704,790 % of Projected Revenue 40.21%35.17%30.14%30.14%30.14%30.14% RECOMMENDED WAGE INCREASES Like the private sector, the City is also facing significant challenges in filling staff vacancies and new positions as Iowa’s workforce crisis continues to manifest itself through record low unemployment and significant employee turnover. 48 Significant Issues Impacting Budget RECOMMENDED WAGE INCREASES Non-bargaining unit employees (bargaining unit employees are generally similar) have averaged a 2.275% annual wage increase over the last 10 years (FY2015-FY2024), including no wage increase in FY2021 at the beginning of the pandemic. The change in the Consumer Price Index over that 10-year period (calendar years 2014-2023) was 2.685%. 49 Significant Issues Impacting Budget RECOMMENDED WAGE INCREASES •5% for non-bargaining unity employees •5% for Dubuque Police Protective Association approved in 5-year contract City still negotiating with Operating Engineers and Dubuque Professional Firefighters Teamster Unions have one more year on contracts at 3% 50 Significant Issues Impacting Budget •City portion of health insurance expense is projected to remain unchanged •Increase in property tax support for Transit •Electrical energy expense is estimated to increase 9.8% 51 Significant Issues Impacting Budget Significant Issues Impacting Budget State-Funded Backfill on Commercial & Industrial Property Tax •Beginning in FY2023, the backfill will be eliminated over an 8-year period. •Projected backfill for Dubuque for the two- tier assessment limitation in FY2025 is estimated to be $576,898. 52 Significant Issues Impacting Budget Revaluation of Residential and Commercial •Average residential property value increased 23.2% •Average commercial property value increased 25% 53 Significant Issues Impacting Budget Residential Rollback •Residential Rollback factor decreases from 54.65% in FY2024 to 46.34% in FY2025 •Impacts taxable value of residential and commercial/industrial impacted due to two-tier assessment limitation on first $150,000 54 Significant Issues Impacting Budget Riverfront Property Lease Revenue •Riverfront Property Lease revenue increased $212,448 due to consumer price index increase 55 Significant Issues Impacting Budget Local Option Sales Tax •increased from $12,528,806 in FY 2024 to $12,927,517 in FY 2025. The FY 2025 budget is based on FY 2024 actual plus 3%. 56 Significant Issues Impacting Budget Hotel Motel Tax •increased from $2,925,996 in FY 2024 to $3,376,383 in FY 2025. The FY 2025 budget is based on FY 2024 actual plus 3%. 57 Significant Issues Impacting Budget Moody’s Investors Service Methodology Change •Cities now assigned issuer rating to convey creditworthiness without regard to a specific borrowing, and •Enterprise funds considered together with general fund revenues and balances. 58 Recommended 5-Year (FY2025-2029) Capital Improvement Program 59 60 Recommended 5-Year CIP Redevelopment of Chaplain Schmitt Island •DRA making over $80 million in improvements to the Q Casino, including building a new Hilton hotel and adding a family entertainment zone. •City building an over $15 million outdoor amphitheater on Chaplain Schmitt Island, millions of dollars of trails, and investing over $2.5 million in replacement of sanitary sewer and an addition of a new sanitary sewer lift station. 61 Recommended 5-Year CIP Redevelopment of Chaplain Schmitt Island •Complimentary to the Chaplain Schmitt Island project the City is planning an over $40 million project to build a railroad overpass on 14th Street, which would include a complete street design on Elm Street and 16th Street, an added hike bike lane to the 16th Street bridge over Peosta Channel and roundabout on 16th Street at Sycamore Street and Admiral Sheehy Drive Capital Improvement Program 62 PROJECT/IMPROVEMENT DESCRIPTION TOTAL COST W&RRC High Strength Waste Receiving & Storage $6,200,000 W&RRC Industrial Control Updates $3,000,000 W&RRC BOD Capacity Upgrades $1,100,000 Chaplain Schmitt Island Sanitary Sewer and Lift Station Improvements $2,600,000 Catfish Creek Sewershed Interceptor Sanitary Sewer Improvements $47,000,000 Terminal Street Lift Station Improvements $6,500,000 TOTAL $66,400,000 Sanitary Sewer System and Water & Resource Recovery Center Investments $56.8 million in SRF loans will be utilized to fund these improvements 63 Capital Improvement Program Capital Improvement Program Southwest Arterial Water Main Extension $1.7 million total 64 Capital Improvement Program 65 $1.7 million waterline to Southwest Arterial Capital Improvement Program Private Lead Water Service Line Replacement Project $5.7 million total Construction costs are 49% forgivable, whereas non-construction costs such as engineering services are non-forgivable per BIL Funds. 66 Capital Improvement Program Source Water PFAS Reduction Project $9.5 million total 67 Capital Improvement Program Water Third Pressure Zone Connection (from Tanzanite Drive to Olympic Heights) $2 million total 68 Capital Improvement Program Kerper Blvd. Sanitary Sewer Lift Station Replacement $1.5 million ARPA Grant (Total project cost = $1.5 million) 69 Capital Improvement Program 70 Capital Improvement Program Schmitt Island Sanitary Sewer & Lift Station Improvements $2.6 million total 71 Capital Improvement Program Chaplain Schmitt Island Sanitary Sewer Improvements $218,000 ARPA Grant (Total project cost = $2.9 million) 72 Capital Improvement Program Terminal Street Lift Station Improvements $6.5 million total 73 Leveraging Grants Bee Branch Stormwater Pumping Station Project $28.2 million total $8 million in FEMA Pre-Disaster Mitigation Grant allows for reducing the FY2025 recommended stormwater rate increase from 15% to 5% 74 Leveraging Grants 14th Street Overpass •$25 million RAISE Grant •$9.2 million DMATS •Support from Dubuque Racing Association (Total project cost = $43 million) 75 Leveraging Grants 76 Leveraging Grants 77 Leveraging Grants 78 Leveraging Grants Schmitt Island Iowa Amphitheater •$3 million Iowa Economic Development Authority Grant •Support from Dubuque Racing Association (Total project cost = $15.8 million) 79 Leveraging Partnerships Northwest Arterial & US20/Dodge Street Intersection Improvements $17.5 million total cost $12 Iowa DOT allocation $5.5 million City contribution 80 Leveraging Partnerships 81 Capital Improvement Program Five Flags Center Renovation & Improvements $24 million total 82 Public Safety Public Safety Software: $3 million •Police Department,Fire Department, Emergency Communications, Dubuque County Sheriff’s Department, volunteer fire departments, and other law enforcement agencies in Dubuque County. •Dubuque County contributing $1.5 million 83 Public Safety Fire Capital Budget - $8.8 million •Fire Engines (2): $1,450,000 •Ambulance: $400,000 •Fire Rescue Boat: $340,000 •Fire Burn Tower Improvements: $466,676 •Fire Station Expansion: $4,773,700 •Fire Bunk Room Remodel (All Stations): $1,395,000 84 Increased Revenue Ambulance revenues are projected to increase by $234,497 in FY2025 85 Streets •8 miles of asphalt overlay projects by Public Works Department in FY2025 •14th Street Overpass, Roundabouts, & Related Improvements •Northwest Arterial & US20/Dodge Street Intersection Improvements •Central Avenue Corridor Streetscape Improvements 86 New Development – Development Review Team 87 Includes new or expanded commercial, industrial,and institutional (non- residential) construction. 0 100,000 200,000 300,000 400,000 500,000 600,000 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 5-Year Average FY 2024 Approved Development (sq. ft.) 403,778 362,772 544,158 390,507 135,915 505,912 Approved YTD 367,442 Projected YTD 517,635 Under Review YTD 150,193 Recommended Rates & Fees FY2024 Rate Recommended FY2025 Rate % Change Water $35.82 $40.14 12.0% Sanitary Sewer $50.28 $54.78 9.0% Curbside Collection $15.83 $17.25 9.0% Stormwater $10.00 $10.50 5.0% 88 Average monthly cost for City utilities would increase by $10.23. The City offers income-qualified residential customers a base fee reduction for all four utilities of up to 50%. Sanitary Sewer Rate Increase Sanitary sewer revenue funds the operation and maintenance required for the more than 300 miles of sanitary sewers and the treatment facilities at the WRRC. It also provides capital improvements and investments in both the collection and treatment systems. The FY25 budget includes: •$462,000 in new funding for chemical dosing at the WRRC to mitigate odors. •$75,000 in new funding to increase the frequency that the anaerobic digesters are cleaned which will also reduce odor emissions. A 9% rate increase would mean a $4.50 increase on the monthly bill for the average household. 89 Recommended Improvement Packages •The FY2025 budget recommendation funds $440,323 for annually recurring improvement packages funded by property taxes in the General Fund and $514,408 for non-recurring improvement packages funded by FY2025 DRA Distribution and sanitary sewer administrative overhead. •For FY2025 there are $3,239,438 in general fund improvement package requests with a net property tax impact of $2,443,122, with $888,840 recommended for funding. 90 Dubuque Regional Airport FY2025 REQUESTED PROPERTY TAX SUPPORT $140,846 Net Property Tax Support $2.08 Average homeowner’s* property tax cost for the Airport (*Avg.home value of $196,508) City Attorney’s Office FY 2025 REQUESTED PROPERTY TAX SUPPORT $253,042 Net Operating Property Tax Support Request $3.74 Average homeowner’s* property tax cost for the City Attorney’s Office (*Avg.home value of $196,508) City Clerk’s Office FY 2025 REQUESTED PROPERTY TAX SUPPORT $93,585 Net Property Tax Support $1.39 Average homeowner’s* property tax cost for the City Clerk’s Office (*Avg.home value of $196,508) City Council election expenses are biennial. City Manager’s Office FY 2025 REQUESTED OPERATING BUDGET SUMMARY $523,524 Net Operating Property Tax Support $7.75 Average homeowner’s* property tax cost for the City Manager’s Office (*Avg.home value of $196,508) COMMUNITY IMPACT FY2025 REQUESTED PROPERTY TAX SUPPORT Net Property Tax Support Average homeowner’s* property tax cost for OCI (*Avg.home value of $196,508) $155,696 $2.30 Economic Development Department FY2025 REQUESTED PROPERTY TAX SUPPORT $1,426,971 Net Property Tax Support $21.12 Average homeowner’s*property tax cost for the Economic Development Department (*Avg.home value of $196,508) Emergency Communications Department FY2025 REQUESTED PROPERTY TAX SUPPORT $1,129,798 Net Property Tax Support $16.72 Average homeowner’s* property tax cost for 911 Services (*Avg.home value of $196,508) $1,136,985 County Share (1/2 of Operating Budget) Emergency Management Department FY2025 REQUESTED PROPERTY TAX SUPPORT $110,400 Net Operating Property Tax Support $1.63 Average homeowner’s*property tax cost for Emergency Management (*Avg.home value of $196,508) Engineering Department FY2024 REQUESTED PROPERTY TAX SUPPORT $749,299 Net Property Tax Support $11.09 Average homeowner’s*property tax cost for City Engineering (*Avg.home value of $196,508) Finance Department FY2025 REQUESTED PROPERTY TAX SUPPORT $567,288 Net Property Tax Support $8.40 Average homeowner’s* property tax cost for the Finance Department (*Avg.home value of $196,508) Fire Department FY2025 REQUESTED PROPERTY TAX SUPPORT $12,285,267 Net Operating Property Tax Support $181.82 Average homeowner’s*property tax cost for Fire Department (*Avg.home value of $196,508) FY2025 REQUESTED OPERATING BUDGET SUMMARY $1,486,754 Net Operating Budget Request $22.00 Average homeowner’s* property tax cost for Five Flags (*Avg.home value of $196,508) Health Services Department FY2025 REQUESTED PROPERTY TAX SUPPORT $857,897 Net Property Tax Support $12.70 Average homeowner’s* property tax cost for Health Services (*Avg.home value of $196,508) Housing &Community Development Department FY2025 REQUESTED PROPERTY TAX SUPPORT $736,392 Net Property Tax Support $10.90 Average homeowner’s*property tax cost for the Housing &Community Development Department (*Avg.home value of $196,508) Human Rights Department FY2025 REQUESTED PROPERTY TAX SUPPORT $459,622 Net Property Tax Request $6.80 Average homeowner’s* property tax cost for the Human Rights Office (*Avg.home value of $196,508) 453822 Grand River Center FY 2024 REQUESTED PROPERTY TAX SUPPORT $1,279,167 Net Operating Property Tax Support $18.93 Average homeowner’s*property tax cost for Grand River Center (*Avg.home value of $196,508) IMON ARENA FY 2025 REQUESTED PROPERTY TAX SUPPORT $428,029 Net Operating Property Tax Support $6.33 Average homeowner’s*property tax cost for Dubuque Ice Arena (*Avg.home value of $196,508) Information Services Department FY 2025 REQUESTED PROPERTY TAX SUPPORT $1,838,095 Net Property Tax Support Request $27.20 Average homeowner’s* property tax cost for Information Services (*Avg.home value of $196,508) Carnegie-Stout Public Library FY2025 Requested Property Tax Support $4,385,775 Net Property Tax Support $60.84 Average homeowner’s* property tax cost for Carnegie- Stout Public Library (*Avg.home value of $196,508) $947,026 Library Gift Trusts’ Balance Multicultural Family Center FY2025 REQUESTED PROPERTY TAX SUPPORT $680,512 Net Operating Property Tax Support $10.07 Average homeowner’s*property tax cost for Multicultural Family Center (*Avg.home value of $196,508) Office of Shared Prosperity and Neighborhood Support FY2025 REQUESTED PROPERTY TAX SUPPORT $440,144 Net Operating Property Tax Support Request $7.57 Average homeowner’s* property tax cost for the Office of Shared Prosperity (*Avg.home value of $196,508) Park Division FY2025 REQUESTED PROPERTY TAX SUPPORT $4,168,715 Net Property Tax Support $61.70 Average homeowner’s* property tax cost for Parks (*Avg.home value of $196,508) $294,232 Net Property Tax Support Planning Services Department FY2025 REQUESTED PROPERTY TAX SUPPORT $4.35 Average homeowner’s* property tax cost for Planning Services Department (*Avg.home value of $196,508) 1 Police Department FY2025 REQUESTED PROPERTY TAX SUPPORT $17,396,635 Net Property Tax Support $257.46 Average homeowner’s* property tax cost for Police (*Avg.home value of $196,508) Public Information Office FY 2025 REQUESTED PROPERTY TAX SUPPORT $135,113 Net Property Tax Support Request $2.00 Average homeowner’s* property tax cost for the Public Information Office (*Avg.home value of $196,508) Public Works Department FY2025 REQUESTED PROPERTY TAX SUPPORT $1,157,549 Net Property Tax Support $17.13 Average homeowner’s*property tax cost for Public Works (*Avg.home value of $196,508) Recreation Division FY2025 REQUESTED PROPERTY TAX SUPPORT $1,922,096 Net Operating Property Tax Support $28.45 Average homeowner’s* property tax cost for the Recreation Division (*Avg.home value of $196,508) Transportation Services Department -Transit FY2025 REQUESTED PROPERTY TAX SUPPORT $1,961,488 Net Property Tax Support $29.03 Average homeowner’s* property tax cost for Transit (*Avg.home value of $196,508) 119 The recommended budget will support continued investment in people, businesses, and organizations that are making a difference in our community, and continued investment in the infrastructure that must exist for Dubuque to continue to thrive. STATE OF IOWA SS: DUBUQUE COUNTY CERTIFICATE OF PUBLICATION I, Kathy Goetzinger, a Billing Clerk for Woodward Communications, Inc., an Iowa corporation, publisher of the Telegraph Herald, a newspaper of general circulation published in the City of Dubuque, County of Dubuque and State of Iowa; hereby certify that the attached notice was published in said newspaper on the following dates: 04/05/2024 and for which the charge is 67.56 Subscribed to before me, a Notary Public in and for Dubuque County, Iowa, this 8th day of April, 2024 Notary blic in and for Dubuque County, Iowa. *Q,SAL L� JANET K. PAPE zCommission Number 199659 My Commission Expires rowM1 12/11/2025