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Home My WebLink AboutAgenda 8-29-2023TOWN OF ITHACA BUDGET COMMITTEE Tuesday, August 29, 2023 - 12:00 pm Join Zoom Meeting https://us06web.zoom.us/j/5063713554 AGENDA • Review and approve Meeting Minutes from June 12, 2023 and July 10, 2023. • Approval of 2024 Office and Field Classification Wage Scales • Review and Discuss Proposed 2024 Budget (Including Capital Budget). • Initial discussion on Property Tax Levy, Tax Rates and Tax Cap Calculations for FY-2024. • Initial discussion for 2024 Water & Sewer Rates. • Initial discussion for 2024 Water & Sewer Benefit Fees. • Other Items. Next Meeting: Monday, September 11th at 12:00 pm 1 BUDGET COMMITTEE Minutes - July 10, 2023 Committee present: Pa Bleiwas – Acting Chairperson, Rod Howe, Eric Levine (via Zoom) Staff present: Donna Shaw, Judy Drake, Joe Slater, Dan Thaete, Marty Mosely, CJ Randall, Paulette Rosa Meeting was called to order at: 12:02 p.m. AGENDA ITEMS:  Ithaca Bikeshare discussion with Jeff Goodmark Jeff Goodmark works for the Center for Community Transportation that oversees Ithaca Bikeshare. They recently secured NYSEG as their Title Sponsor and they have committed to making a large contribution over the next three years. Approximately 50% of their revenues are received as fees from bikers. They continue to seek out other community partners with shared goals to make contributions to ensure continued success and viability of Ithaca Bikeshare. They have requested $25,000 from the Town of Ithaca in 2024.  Review and approve 2024 Staffing Plans The 2024-2027 Staffing Plan was shared with the Committee. The 2024 Staffing Plan includes the following changes at Town Hall: - 1 FT Sr. Code Enforcement Officer position filled by internal promotion, leaving one Code Enforcement Officer position vacant. No increase in FTEs. - 1 FT Sr. Planner position filled by internal promotion, leaving one Planner position vacant. No increase in FTEs. - 1 PT Deputy Town Clerk added at 25 hours per week. - .25 FT Finance Officer added as overlap for an expected retirement in 2024. Public Works Facility – no changes expected in 2024.  Review 2024 Capital Improvement Program (CIP). The Committee reviewed the schedule for capital projects scheduled for 2024: - WATER TANKS - No projects are scheduled for 2024. - WATER MAINS - Water Main Improvements for 2024 total $50,000 for new Lead and Copper Rule – services identification funded with current year revenues. - SANITARY SEWERS - The amount of $300,000 will be budgeted for Sewer Manhole Rehab in 2024, which will be funded from current year revenues in the Sewer Fund. The Inlet Valley Pump Station Rehab/Gravity Sewer Upgrades Project is expected to cost $900,000 and will be funded with a combination of current year revenues and bonding ($768,000). - JOINTLY OWNED INTERCEPTORS – Four projects in 2024 totaling $65,204 (Town share), as follows: Stewart Park Pump State Phase A – Forcemain $18,230 Cherry Street Sewer & Forcemain Pipe Bridge Phase A 5,404 2 Cherry Street Misc. Improvements Phase A 20,785 Cass Park Misc. Improvements 20,785 - - STORM DRAINAGE – The amount of $300,000 will be budgeted for the King Road West Box Culver funded with available fund balance in General Fund. - ROAD IMPROVEMENTS – The 2024 Road Improvement Program is budgeted at $1,636,000 and includes the following projects: - Ridgecrest $ 115,000 - Elm Street Rebuild/Repave 553,000 - King Road West – Phase 1 447,000 - Holly Creek Lane 61,000 - Larissa Lane & Schickel Road 166,000 - Glenside Road 52,000 - Coy Glen Road 242,000 These projects will be financed with current year property tax, CHIPS revenue, and approximately $818,000 in DB fund balance. - SIDEWALKS – The Rt 34/East Shore Drive Sidewalk Connector/Drainage is expected to cost $2,000,000 and grant funding is being explored. This project is not included in the budget currently. - TOWN FACILITIES – The PWF MEP/Site Improvements is budgeted in 2024 for $514,800 and PWF Trench Drain is budgeted for $40,000, both will use available fund balance. The PWF Security Fence Installation is expected to cost $150,000 and will be covered by grant funding. - GREEN ENERGY UPGRADES – The Town Hall Weatherization – LED Design Services is expected to cost $401,000 and the Town Hall Weatherization – Architectural Design Services is budged for $250,000. Both projects are expected to utilize grant funding. - BRIDGES – This is a new category in 2024 and includes Townline Road Bridge – Phase 1 Design with an expected budget of $410,000 which will be funded with a Bridge NY grant and a 10% matching contribution from the County. - PARKS & TRAILS – Improvements to Town Parks & Trails for 2024 is budgeted for $531,700 and includes a $60,000 for Game Farm Trail repair, $50,000 for trail overlay, $60,000 for King Road West/Buttermilk Crosswalk, $80,000 for South Hill Rec Way Extension feasibility study, and $281,700 for the Culver Road Preserve – Babcock Ridge Trail construction.  Initial discussion on 2024 Tax Cap calculations. The 2024 Tax Cap is projected to include an approximately $300,00 or 2.81% tax levy increase; or a 4.34% increase if we include the prior year carryover of $165,608. More work is needed on the estimated PILOT payments to finalize the calculation.  Update on status of investments. The $8 million CD matured on July 1st so we requested rates from Tompkins Community, First National Bank of Groton and Community Bank. Tompkins Community offered 5% for a 9 month 3 term and 4.8% for 12 months. Community Bank offered 4.7% for 5 months and 4.9% for 12 months. First National Bank of Groton offered 4% for 9 months and 3.85% for 12 months. The Committee discussed options of committing $4-5 million now and waiting a month to take out a second CD.  Update on Sales Tax collections for 2023. For the first five months of 2023, sales tax collections of $1,761,669 are .1% lower than the $1,763,773 received for the same period in 2023. April and May collections were lower than the prior year, however, it’s best to wait for the full quarter collections because the monthly collections tend to be estimated with a true up in the final month of the quarter. We will continue to monitor collections.  Other Items. No other items were discussed. The meeting was adjourned at 1:01 p.m. Next Meeting: Monday, August 14, 2023 at 12:00 pm, Town Hall - Aurora Room Effective :1/1/2023 TB Res#: updated 1.1.24 Class Civil Service Title BOLD = FLSA exempt -salaried positions I Highway Super./Dir Public Wks (40) Director of Planning (40) Director of Code Enforcement (40) Director of Engineering (40) Town Clerk (40) H Human Resources Manager (40) Finance Officer (40) G Network Specialist (40) SALARIED Senior Civil Engineer w/PE (40) (promo only) F Senior Planner (37.5) Deputy Finance Officer (37.5) Sr. Code Enforcement Officer (40) GIS Analyst (40) Senior Civil Engineer (40) Civil Engineer w/ PE (promo only) (40) E Planner (37.5) Sustainability Planner (37.5) Electrical/Code Enfcmt Offcr (40) Civil Engineer (40) D Administrative Assistant IV (TH-37.5 P- 40) Principal Account Clerk Typist (37.5) Bookkeeper to the Supervisor (37.5) Court Clerks (salaried) (37.5) Codes Safety Inspector (40) C First Deputy Town Clerk (37.5) Administrative Assistant III (TH-37.5 P- 40) Computer Systems Support Aide (37.5) B Deputy Town Clerk (40) Administrative Assistant II (TH-37.5 P- 40) Senior Account Clerk Typist (37.5) A Account Clerk/Typist (37.5) Administrative Assistant I (TH-37.5 P- 40) Information Aide = AAI or ACT Not Crossing Guards Classified Project Assistant-IT Planning Intern Project Assistant-Eng Receiver of Taxes Deputy Town Supervisor Secretary to the Supervisor 2080 40 HOURS PER WEEK 1950 37.5 HOURS PER WEEK OFFICE SYSTEM JOB CLASSIFICATION LISTING INCREASE Efft.: 1/1/2024 TB Resl: 2023-??? 104.00%Promotions start 7.15.23 draft HIRING MINIMUM HIRING RATE Step 1 on 1/1 1st Anniv. Yr. Step 2 on 1/1 2nd Anniv. Yr. Step 3 on 1/1 3rd Anniv. Yr.JOB RATE 1/1 1950 =37.5 hrs 40 hrs=2080 0.95%0.94%0.46%54.018 37.5 hrs/wk 94,805.10$ 102,901.50$ 103,876.50$ 104,851.50$ 105,339.00$ 105,339.00$ Hourly:48.62$ 52.77$ 53.27$ 53.77$ 54.02$ 54.02$ 4.00% 40 hrs/wk 101,125.44$ 109,761.60$ 110,801.60$ 111,841.60$ 112,361.60$ 112,361.60$ 4,326.40$ per hour increase:-$ 2.08$ 13.11% 1.08%1.06%0.53%47.757 13,020.80$ 37.5 hrs/wk 83,818.80$ 90,694.50$ 91,669.50$ 92,644.50$ 93,132.00$ 93,132.00$ Hourly:42.98$ 46.51$ 47.01$ 47.51$ 47.76$ 47.76$ 4.01% 40 hrs/wk 89,406.72$ 96,740.80$ 97,780.80$ 98,820.80$ 99,340.80$ 99,340.80$ 3,827.20$ per hour increase:-$ 1.84$ 6.02% 1.14%1.13%0.56%45.053 5,636.80$ 37.5 hrs/wk 79,062.75$ 85,410.00$ 86,385.00$ 87,360.00$ 87,847.50$ 87,847.50$ Hourly:40.55$ 43.80$ 44.30$ 44.80$ 45.05$ 45.05$ 3.99% 40 hrs/wk 84,333.60$ 91,104.00$ 92,144.00$ 93,184.00$ 93,704.00$ 93,704.00$ 3,598.40$ per hour increase:1.73$ 9.08% 7,800.00$ 1.25%1.23%0.61%41.298 37.5 hrs/wk 72,481.50$ 78,097.50$ 79,072.50$ 80,047.50$ 80,535.00$ 80,535.00$ Hourly:37.17$ 40.05$ 40.55$ 41.05$ 41.30$ 41.30$ 4.00% 40 hrs/wk 77,313.60$ 83,304.00$ 84,344.00$ 85,384.00$ 85,904.00$ 85,904.00$ 3,307.20$ per hour increase:1.59$ 10.13% 1.38%1.36%0.67%37.502 7,904.00$ 37.5 hrs/wk 65,812.50$ 70,687.50$ 71,662.50$ 72,637.50$ 73,125.00$ 73,125.00$ Hourly:33.75$ 36.25$ 36.75$ 37.25$ 37.50$ 37.50$ 3.99% 40 hrs/wk 70,200.00$ 75,400.00$ 76,440.00$ 77,480.00$ 78,000.00$ 78,000.00$ 2,995.20$ per hour increase:1.44$ 11.11% 1.54%1.52%0.75%33.748 7,800.00$ 37.5 hrs/wk 59,231.25$ 63,375.00$ 64,350.00$ 65,325.00$ 65,812.50$ 65,812.50$ Hourly:30.38$ 32.50$ 33.00$ 33.50$ 33.75$ 33.75$ 4.01% 40 hrs/wk 63,180.00$ 67,600.00$ 68,640.00$ 69,680.00$ 70,200.00$ 70,200.00$ 2,704.00$ per hour increase:1.30$ 3.97% 1.60%1.58%0.78%32.458 2,683.20$ 37.5 hrs/wk 56,967.30$ 60,859.50$ 61,834.50$ 62,809.50$ 63,297.00$ 63,297.00$ Hourly:29.21$ 31.21$ 31.71$ 32.21$ 32.46$ 32.46$ 4.01% 40 hrs/wk 60,765.12$ 64,916.80$ 65,956.80$ 66,996.80$ 67,516.80$ 67,516.80$ 2,600.00$ per hour increase:1.25$ 9.88% 1.77%1.74%0.85%29.536 6,073.60$ 37.5 hrs/wk 51,842.70$ 55,165.50$ 56,140.50$ 57,115.50$ 57,603.00$ 57,603.00$ Hourly:26.59$ 28.29$ 28.79$ 29.29$ 29.54$ 29.54$ 4.01% 40 hrs/wk 55,298.88$ 58,843.20$ 59,883.20$ 60,923.20$ 61,443.20$ 61,443.20$ 2,371.20$ per hour increase:1.14$ 20.13% 2.14%2.10%1.03%24.586 10,296.00$ 37.5 hrs/wk 43,155.45$ 45,513.00$ 46,488.00$ 47,463.00$ 47,950.50$ 47,950.50$ Hourly:22.13$ 23.34$ 23.84$ 24.34$ 24.59$ 24.59$ 4.02% 40 hrs/wk 46,032.48$ 48,547.20$ 49,587.20$ 50,627.20$ 51,147.20$ 51,147.20$ 1,976.00$ per hour increase:0.95$ Temporary staff-25 wks / hour: (+.10/yr)17.30$ 3.9% Interns / Proj Asst -short term 22 Living Wage 16.61$ 17.30$ Crossing Guard / crossing rate:17.30$ Staff 18 yrs old or less (minimum wage)15.00$ 7.1% NOTES: *New employees hired at Hiring Rate and progress to Job Rate. *New hires receive wage increases on January 1st. *New hires shall reach Job Rate on January 1st of their 3rd Anniversary year. *Once new hires reach Job Rate, wage increases will occur on 1/1, same as other employees. *Job Rate will be adjusted annually based on a living adjustment percentage or increments if and as determined by the TB when finalizing the budget. *Hiring Minimum will be adjusted as determined by the TB * for all internal promotions employee will start at step one of that classification. 2024 WAGE SCALE Judy Drake7/15/2023 Page 3 2024 Wage Scale2024 draft 4 SYSTEM Effective :1/1/2017 TB Res#: 2016-112 Class Civil Service Title HOURLY POSITIONS VI Deputy Highway Superintendent Water/Sewer Maint Supervisor Parks Maintenance Manager V Working Supervisor Sr. Heavy Equipment Mechanic Sr. Engineering Technician Maintenance Supervisor IV Engineering Technician I Heavy Equipment Operator (HEO) Maintenance Worker Heavy Equipment Mechanic MEO w/ class A Automotive Mechanic Assistant w/ class A III Motor Equipment Operator (MEO) w/ class B Automotive Mechanic Assistant w/class B II Laborer (with Class A or Class B CDL) Laborer I INCREASE Efft.: 1/1/2024 TB Resl: 2023-??? 104.00%Class VI draft 104.00%Class I-V- Teamsters- FINAL Promotions start HIRING MINIMUM HIRING RATE Step 1 on 1/1 1st Anniv. Yr. Step 2 on 1/1 2nd Anniv. Yr. Step 3 on 1/1 3rd Anniv. Yr.JOB RATE 1/1 difference from Office G HOURLY 6.75% 1.22%1.21%0.60%42.203 5,928.00$ Hourly:37.98$ 40.95$ 41.45$ 41.95$ 42.20$ 42.20$ 3.99% 40 hrs/wk 78,998.40$ 85,176.00$ 86,216.00$ 87,256.00$ 87,776.00$ 87,776.00$ 3,369.60$ per hour increase:1.62$ 20.02% 1.47%1.45%0.72%35.162 14,643.20$ Hourly:31.64$ 33.91$ 34.41$ 34.91$ 35.16$ 35.16$ 3.99% 40 hrs/wk 65,819.52$ 70,532.80$ 71,572.80$ 72,612.80$ 73,132.80$ 73,132.80$ 2,808.00$ per hour increase:1.35$ 7.75% 1.59%1.57%0.77%32.625 5,262.40$ Hourly:29.37$ 31.38$ 31.88$ 32.38$ 32.63$ 32.63$ 0.04% 40 hrs/wk 61,083.36$ 65,270.40$ 66,310.40$ 67,350.40$ 67,870.40$ 67,870.40$ 2,620.80$ per hour increase:1.26$ 3.65% 1.65%1.63%0.80%2,392.00$ Hourly:HEO-$1.15 30.23$ 30.73$ 31.23$ 31.48$ 31.48$ 4.17% 40 hrs/wk 62,878.40$ 63,918.40$ 64,958.40$ 65,478.40$ 65,478.40$ 2,620.80$ per hour increase:1.26$ 5.99% 1.76%1.73%0.85%29.702 3,702.40$ Hourly:26.73$ 28.45$ 28.95$ 29.45$ 29.70$ 29.70$ 3.99% 40 hrs/wk 55,598.40$ 59,176.00$ 60,216.00$ 61,256.00$ 61,776.00$ 61,776.00$ 2,371.20$ per hour increase:1.14$ 10.20% 1.95%1.91%0.94%5,720.00$ Hourly:MEO-$2.75 25.70$ 26.20$ 26.70$ 26.95$ 26.95$ 4.42% 40 hrs/wk 53,456.00$ 54,496.00$ 55,536.00$ 56,056.00$ 56,056.00$ 2,371.20$ per hour increase:1.14$ 9.11% 2.13%2.09%1.02%24.700 4,680.00$ Hourly:22.23$ 23.45$ 23.95$ 24.45$ 24.70$ 24.70$ 4.00% 40 hrs/wk 46,238.40$ 48,776.00$ 49,816.00$ 50,856.00$ 51,376.00$ 51,376.00$ 1,976.00$ per hour increase:0.95$ NOTES: *New employees hired at Hiring Rate and progress to Job Rate. *New hires receive wage increases on January 1st. *New hires shall reach Job Rate on January 1st of their 3rd Anniversary year. *Once new hires reach Job Rate, wage increases will occur on 1/1, same as other employees. *Job Rate will be adjusted annually based on a living adjustment percentage or increments if and as determined by the TB when finalizing the budget. *Hiring Minimum will be adjusted as determined by the TB * for all internal promotions on this wage scale: employee will start at step one of that classification 2024 WAGE SCALE Judy Drake7/15/2023 Page 4 2024 Wage Scale2024 draft 4 TOWN OF ITHACA FISCAL YEAR 2024 BUDGET HIGHLIGHTS  The Ithaca Town Budget will decrease from $30,111,590 in 2023 to $29,951,022 in 2024, a decrease of $160,568 or .53%.  The budgeted total for Personnel Costs increases from $7,192,158 in 2023 to $7,632,948 in 2024, an increase of $440,790 or 6.1%. Personnel costs represent 25.48% of the Town’s total 2024 budget.  Total for Personal Services (employee salaries and wages) increases from $4,862,338 in 2023 to $5,163,328 in 2024, an increase of $300,990 or 6.19%. The collective bargaining agreement with the Public Works unit established a 4% COLA for 2024. It is recommended that all classifications for the 2024 Office and Field Wage Scales receive the same. There are also three new position requests: - FT Senior Code Enforcement Officer (promoting current CEO, no increase in FTE) - FT Senior Planner (promoting current Planner, no increase in FTE) - PT Deputy Town Clerk  The budgeted total for Employee Benefits increases from $2,329,820 in 2023 to $2,469,620 in 2024, an increase of $139,800 or 6.0%. Total employee benefits in 2024 are calculated at 47.83% of the total for employee salaries and wages. - Payments for employee retirement are budgeted for $605,500 in 2024, an increase of $113,300 from the $492,200 total budgeted in 2023. The invoice estimates are still pending from NYSLRS. - Payments for employee health insurance are budgeted for $1,302,000 in 2024, an increase of $2,400 from the $1,299,600 total budgeted in 2023. This budget estimate includes an 8.5% increase in premiums. The Consortium is currently considering a 8.0 – 8.5% increase for 2024.  Capital Projects budgeted in 2024 will total $5,916,404; an increase of $382,204 or 6.9% from the $5,534,200 total budgeted in 2023. Capital projects represent 19.75% of the Town’s total budget. - $50,000 is budgeted for Lead and Copper Rule-Services Identification and is funded with current year revenue. - $1,265,204 is budgeted for sewer infrastructure improvement. $300,000 for sewer lining and manhole rehabilitation is funded with current year revenues and $900,000 for the Inlet Valley Pump Station Rehab/Rebuild Gravity Sewer will be funded with bonds and/or current year revenue/grants. $65,204 is budgeted for four joint projects with the City of Ithaca. - $300,000 is budgeted for King Road West Box Culvert replacement to be funded with available fund balance. - $1,636,000 is budgeted for road improvements and funded with $818,000 in Highway Part- Town fund balance and $818,000 in current year revenues (CHIPS and property tax). - $680,000 is budgeted for mechanical/electrical/plumbing improvements to the Public Works Facility and funded with General fund balance. - $150,000 is budgeted for PWF Security Fence Installation and is funded with a grant. - $600,000 is budgeted for renovations to the Mezzanine and Court Offices in Town Hall and is funded with General Fund Balance. - $250,000 is budgeted for Town Hall weatherization architectural design services and is funded with grants and/or fund balance. - $410,000 is budgeted for design work on the Townline Road Bridge and is funded with a Bridge-NY grant and a contribution from the County.  Contractual Services increase from $13,451,510 in 2023 to $14,513,330 in 2024; an increase of $1,061,820 or 7.9%. Contractual services represent 48.5% of the total budget for 2024.  Equipment/Capital Outlay decreases from $724,000 in 2023 to $355,500 in 2024; a decrease of $368,500 or 50.9%. Equipment/Capital Outlay represents 1.19% of the Town’s total 2024 budget. - $295,500 is budgeted for the replacement of vehicles and other motor equipment in 2024. - $60,000 is budgeted for miscellaneous equipment valued over $5,000.  The Town will transfer (re-designate) $100,000 from the unreserved fund balance in the General Townwide Fund to the Parks, Recreation and Open Space Plan account.  The 2024 Property Tax totals $8,764,277, an increase of $81,789 or .9% over the prior year total of $8,682,488. The total 2024 Property Tax Levy (including Water/Sewer Benefit Assessment Fees) is $10,995,105 in 2024, an increase of $164,254 or 1.5% over the prior year total of $10,830,81. This increase does comply with the property tax cap limit for 2024 . Property taxes are the Town’s largest revenue source, representing 44.2% of total budgeted revenues.  The taxable assessed valuation of the Town of Ithaca increased from $1,817,584,024 in 2023 to $1,992,463,821, an increase of approx. 9.6% over the prior year.  Sales Tax collections are budgeted at $4,300,000, representing 15.67% of the Town’s 2024 budgeted revenues. This is an increase of $550,000 over the $3,750,000 budgeted for sales tax in 2023. Sales tax collections in 2022 were $4,483,398 and 2023 sales tax collections are 5% higher for the first six months. If this trend continues, 2023 sales tax collections are projected to be $4,700,000. Mortgage tax collections are budgeted at $280,000 in 2024.  Water rates are proposed to increase from $8.89/1000 gallons of consumption in 2023 to $9.33/1000 gallons of consumption in 2024, an increase of 5.0%. Sewer rents, billed on water consumption, are proposed to increase from $5.75/1000 gallons in 2023 to $6.15/1000 gallons in 2024, an increase of 7.0%. Based on these proposed rates, the quarterly minimum water and sewer charge would increase from $73.20 in 2023 to $77.40 in 2024, an increase of $4.20 or 5.74%.  The Water Benefit Assessment Fee will remain the same in 2024 at $189.59/unit. The Sewer Benefit Assessment Fee will increase to $100.00/unit in 2024 from $89.00/unit in 2023, raising revenues of approx. $746,069 to be used to pay the annual debt service on the Town’s share of outstanding long-term debt for improvements at the Ithaca Area Waste Water Treatment Facility. Infrastructure/Buildings/Maintenance Infrastructure Year ACCOUNT #2024 Cost ACCOUNT #2025 Cost 2026 Cost 2027 Cost 2028 Cost Water Tanks Hungerford Hill Tank 1,500,000.00$ Water Tanks TOTAL:-$ -$ -$ -$ 1,500,000.00$ Water Mains F8340-500 Lead and Copper Rule-Services Identification 50,000.00$ F8340-5XX Backup Generator-Christopher Circle 130,000.00$ Winners Circle WM Replacement $ 170,000.00 Trumansburg Tank Main Replacement $ 800,000.00 Bostwick Tank to 7 Mile Drive $ 300,000.00 F8340-5XX Pine Tree PRV & Pine Tree Watermain Upgrade $ 1,200,000.00 West Hill Hospital Redundancy $ 550,000.00 Northview Tank to Coddington $ 500,000.00 West Hill Tank Main Replacement $ 950,000.00 Wildflower/Strawberry Cir. Water Main $ 412,500.00 Water Mains TOTAL: $ 50,000.00 $ 1,330,000.00 $ 1,670,000.00 1,712,500.00$ 300,000.00$ Sanitary Sewers G8120-564 Sewer Lining and Manhole Rehab 300,000.00$ G8120-5XX Sewer Lining and Manhole Rehab-NE 300,000.00$ Sewer Lining and Manhole Rehab 300,000.00$ Sewer Lining and Manhole Rehab 300,000.00$ Sewer Lining and Manhole Rehab 300,000.00$ G8120-5XX Inlet Valley PS Rehab/rebuild/Gravity Sewer upgrades 900,000.00$ G8120-5XX Linderman Creek Lateral Crossing 50,000.00$ Danby 105 to Danby 75 $ 540,000.00 G8120-5XX Mitchell Street Sewer Upgrades 1,025,000.00$ Inlet Valley FM Investigation $ 250,000.00 Jointly Owned Interceptors G8150.561 Stewart Park Pump Staion Phase A-Forcemain 18,230.00$ Stewart Park Pump Station Phase B-Misc. Pump Station Improvements (Joint Budget: $127,148)52,856.00$ G8150.561 Cherry St Sewer & Force Pipe Bridge Phase A-Consultant 5,404.10$ Cherry St Sewer & Forcemain Pipe Bridge Phase B-Construct (Joint Budget: $32,000)13,302.40$ G8150.561 Cherry St Misc. Improve Phase A-Study and misc. HVAC. Lighting, & Safety upgrades 20,785.00$ Cherry Street Misc. Improvements Phase A-Study and misc. HVAC. Lighting, & Safety upgrades (Joint Budget: $450,000)187,065.00$ G8150.561 Cass Park Misc. Improvements 20,785.00$ -$ $ - -$ -$ Sanitary Sewers TOTAL:1,265,204.10$ 1,628,223.40$ 1,090,000.00$ 300,000.00$ 300,000.00$ Storm Drainage A8540.500 King Road West Box Culvert-slipline 300,000.00$ Lower Stone Quarry Road 1,100,000.00$ Storm DrainageTOTAL:300,000.00$ 1,100,000.00$ -$ -$ -$ Roads DB5112.500 Ridgecrest (Mill-2.5" Top) (Depends on WM Project)115,000.00$ DB5112.500 Maple Avenue (Design and Bid)600,000.00$ Forest Home Dr Recon-Phase 1-Design 200,000.00$ Forest Home Drive-Phase 2-Construction 1,200,000.00$ -Funded utilizing CHIPS/Fund Balance/DB5112.500 Elm St Rebuild Repave (3" Binder-2" top)553,000.00$ DB5112.500 King Road West-Phase 2 Buttermilk to 96B 211,200.00$ Seven Mile Drive 180,000.00$ DB5112.500 King Rd. West-Phase 1 (3" Binder-2" top)447,000.00$ Property Tax DB5112.500 Holly Creek Lane (3" Binder-2" top)61,000.00$ DB5112.500 Larisa Lane & Schickel Road (3" Binder-2" top)166,000.00$ DB5112.500 Glenside Road (3" Binder-2" top)52,000.00$ DB5112.500 Coy Glen Road (3" Binder-2" top)242,000.00$ Roads TOTAL:1,636,000.00$ 811,200.00$ 380,000.00$ 1,200,000.00$ -$ Town Facilities A5132.5XX PWF MEP/Site Improvements 680,000.00$ A5132-5XX PWF Electric Service Upgrades 150,000.00$ A5132.5XX PWF Security Fence Installation (Grant)150,000.00$ Town Facilities TOTAL:830,000.00$ 150,000.00$ -$ -$ -$ Green Energy Upgrades A1620.5**Mezzanine/Court Clerk Office Renovations 600,000.00$ Town Hall Weatherization Upgrades-Construction (Grant)1,200,000.00$ PWF HVAC Upgrades-Mechanics Area 1,572,072.00$ Misc. Green Upgrades-Town Hall 125,000.00$ Misc. Green Upgrades-Town Hall 125,000.00$ A1620.5**Town Hall Weatherization-Arch. Design Services 250,000.00$ Town Hall Weatherization-LED Design Services LED Upgrades 401,000.00$ PWF HVAC Upgrades-ANNEX 686,000.00$ Misc Green Upgrades-Public Works Facility 125,000.00$ Misc Green Upgrades-Public Works Facility 125,000.00$ TH Electric Car Charing Station(s)50,000.00$ PWF LED Design & Upgrades 200,000.00$ PWF Electric Car Charging Station(s)50,000.00$ Green Energy Upgrades TOTAL:850,000.00$ 1,701,000.00$ 2,458,072.00$ 250,000.00$ 250,000.00$ Bridge(s)DA5120.500 Townline Road Bridge-Phase 1 Design (Grant: $2,342,000)410,000.00$ DA5120.500 Townline Road Bridge-Phase 2 Construction (Grant)2,054,840.00$ Townline Road Bridge-Local Share-Paid by Tompkins County 122,840.00$ Bridges TOTAL:410,000.00$ 2,177,680.00$ -$ -$ -$ Infra/Buildings/Maint Total Cost:5,341,204.10$ 8,898,103.40$ 5,598,072.00$ 3,462,500.00$ 2,350,000.00$ Grant(s) Total:810,000.00$ 4,903,680.00$ 1,572,072.00$ Assest Management Road Study RFP 200,000.00$ Sidewalks/Parks/Trails/Open space Sidewalks RT 34/East Shore Drive Sidewalk Connector/Drainage-Construction (TAP Grant: TBD)2,000,000.00$ Forest Home S-Curve Sidewalk TBD Trumansburg Rd / Rt 96 Sidewalk (City line to Cayuga Prof. Bldg)3,500,000.00$ Winthrop Drive Walkway TBD Sidewalks TOTAL:2,000,000.00$ -$ 3,500,000.00$ -$ -$ Parks - Trails - Open Space A7110.526 Game Farm Trail-Trail repair @ Pine Tree Rd. Bridge 60,000.00$ Iacovelli Playground Replacement 100,000.00$ Saponi Meadows Park TBD A7110.526 Trail Overlay 50,000.00$ Coddington Road - SHRW Parking & Access TBD Tutelo Park to Saponi Park Trail TBD A5681.2** King Road West/Buttermilk Crosswalk 60,000.00$ South Hill Rec Way Ext (Burns to Banks Rd) - Design/Construction TBD A7110.400 South Hill Rec Way Ext (Burns to Banks Rd) - Feasibility Study (Grant: $43,000)80,000.00$ Parks TOTAL:250,000.00$ 100,000.00$ -$ -$ -$ Future Parks - Trails West Hill Park TBD Compton Park TBD Poyer Trail to Woolf Park TBD Woolf Lane Park TBD Future Parks - Trails TOTAL:-$ -$ -$ -$ -$ Sidewalks/Parks/Trails/Open Space Total Cost:2,250,000.00$ 100,000.00$ 3,500,000.00$ -$ -$ Grant(s) Total:2,080,000.00$ Notes: * Project funding from fiscal year 2023 budget-funds carried over from 2023. ** Project funding from fiscal year 2023 budget-partial ARPA funding will be utilized. $386,071 carryover from fiscal year 2022 ***Grant Proposal-Total Value: $281,700; Local Share: $70,425 RFP (Contractual Services) TOWN OF ITHACA CAPITAL IMPROVEMENT PROJECTS 2024 TOWN OF ITHACA SUMMARY OF 2024 REVENUES AND EXPENDITURES 2024 BUDGET 2024 GENERAL GENERAL HIGHWAY HIGHWAY WATER SEWER RISK FIRE SPECIAL DEBT TOTAL TOWNWIDE PART-TOWN TOWNWIDE PART-TOWN FUND FUND RETENTION PROTECTION DISTRICTS SERVICE EXPENDITURES: GENERAL GOVERNMENT 4,538,647$ 3,151,324$ 191,079$ 9,875$ 102,764$ 636,016$ 440,404$ -$ 5,185$ -$ 2,000$ PUBLIC SAFETY 4,102,269 93,784 - - - - - - 4,008,485 - - HEALTH & WELLNESS 42,500 - - - - - - 42,500 - - - TRANSPORTATION 5,785,887 1,507,450 - 1,028,348 3,250,089 - - - - - - CULTURE & RECREATION 1,437,114 1,437,114 - - - - - - - - - HOME & COMMUNITY SVC 10,042,145 425,738 1,563,713 - - 3,720,745 4,331,949 - - - - EMPLOYEE BENEFITS 2,469,620 1,103,900 536,750 123,300 403,170 176,700 125,800 - - - - DEBT SERVICE 1,367,115 - - - - 1,174,970 - - - - 192,145 INTERFUND TRANSFERS 165,725 110,600 5,900 5,900 31,525 5,900 5,900 - - - - TOTAL EXPENDITURES:29,951,022$ 7,829,910$ 2,297,442$ 1,167,423$ 3,787,548$ 5,714,331$ 4,904,053$ 42,500$ 4,013,670$ -$ 194,145$ REVENUES: REAL PROPERTY TAXES 8,765,984$ 4,193,000$ -$ 670,344$ 435,500$ 14,492$ 16,048$ -$ 3,436,600$ -$ -$ W ATER / SEWER BENEFIT UNITS 2,230,828 - - - - 1,484,759 746,069 - - - - REAL PROPERTY TAX ITEMS 80,609 68,292 - 3,916 8,401 - - - - - - SALES TAX 4,300,000 - 1,808,000 - 2,092,000 - - - 400,000 - - FRANCHISE TAX 54,000 - 54,000 - - - - - - - - DEPARTMENTAL INCOME 7,668,818 36,650 270,900 - - 4,108,694 3,252,574 - - - - INTERGOVERNMENTAL CHRGS 127,413 109,250 - 18,163 - - - - - - - USE OF MONEY & PROPERTY 963,145 418,410 64,542 40,000 119,023 79,000 80,000 7,100 150,070 - 5,000 LICENSES AND PERMITS 10,000 10,000 - - - - - - - - - FINES AND FORFEITURES 175,000 175,000 - - - - - - - - - SALE OF PROPERTY 257,660 76,955 - 25,000 86,957 27,386 41,362 - - - - MISC. LOCAL SOURCES 32,000 - - 20,500 11,500 - - - - - - INTERFUND REVENUES 448,299 448,299 STATE & FEDERAL AID 1,396,721 664,054 100,000 389,500 216,167 - - - 27,000 - - INTERFUND TRANSFERS 165,725 - - - - - - 35,400 - - 130,325 PROCEEDS OF OBLIGATIONS 768,000 - - - - - 768,000 - - - - TOTAL REVENUES:27,444,202$ 6,199,910$ 2,297,442$ 1,167,423$ 2,969,548$ 5,714,331$ 4,904,053$ 42,500$ 4,013,670$ -$ 135,325$ USE OF FUND BALANCE 2,506,819 1,630,000 - - 818,000 (0) 0 - - - 58,820 REVENUE & OTHER SOURCES:29,951,022$ 7,829,910$ 2,297,442$ 1,167,423$ 3,787,548$ 5,714,331$ 4,904,053$ 42,500$ 4,013,670$ -$ 194,145$ 1,630,000 818,000 COMPARISON TO PRIOR YEAR: 2023 TOTAL BUDGET:30,111,590$ 8,084,481$ 2,138,661$ 765,773$ 3,623,754$ 6,575,217$ 4,975,753$ 38,000$ 3,704,183$ 16,105$ 189,663$ % CHANGE FROM 2023:-0.53%-3.15% 7.42% 52.45% 4.52% -13.09% -1.44% 11.84% 8.36% -100.00% 2.36% DESCRIPTION TOWN OF ITHACA SUMMARY OF 2024 REVENUES 2024 BUDGET 2024 GENERAL GENERAL HIGHWAY HIGHWAY WATER SEWER RISK FIRE SPECIAL DEBT TOTAL TOWNWIDE PART-TOWN TOWNWIDE PART-TOWN FUND FUND RETENTION PROTECTION DISTRICTS SERVICE REVENUES: REAL PROPERTY TAXES 8,765,984$ 4,193,000$ -$ 670,344$ 435,500$ 14,492$ 16,048$ -$ 3,436,600$ -$ -$ W ATER / SEWER BENEFIT UNITS 2,230,828 - - - - 1,484,759 746,069 - - - - REAL PROPERTY TAX ITEMS 80,609 68,292 - 3,916 8,401 - - - - - - SALES TAX 4,300,000 - 1,808,000 - 2,092,000 - - - 400,000 - - FRANCHISE TAX 54,000 - 54,000 - - - - - - - - DEPARTMENTAL INCOME 7,668,818 36,650 270,900 - - 4,108,694 3,252,574 - - - - INTERGOVERNMENTAL CHRGS 127,413 109,250 - 18,163 - - - - - - - USE OF MONEY & PROPERTY 963,145 418,410 64,542 40,000 119,023 79,000 80,000 7,100 150,070 - 5,000 LICENSES AND PERMITS 10,000 10,000 - - - - - - - - - FINES AND FORFEITURES 175,000 175,000 - - - - - - - - - SALE OF PROPERTY 257,660 76,955 - 25,000 86,957 27,386 41,362 - - - - MISC. LOCAL SOURCES 32,000 - - 20,500 11,500 - - - - - - INTERFUND REVENUES 448,299 448,299 STATE AID 1,007,221 664,054 100,000 - 216,167 - - - 27,000 - - FEDERAL AID 389,500 - - 389,500 - - - - - - - INTERFUND TRANSFERS 165,725 - - - - - - 35,400 - - 130,325 PROCEEDS OF OBLIGATIONS 768,000 - - - - - 768,000 - - - - TOTAL REVENUES:27,444,202$ 6,199,910$ 2,297,442$ 1,167,423$ 2,969,548$ 5,714,331$ 4,904,053$ 42,500$ 4,013,670$ -$ 135,325$ USE OF FUND BALANCE 2,506,819 1,630,000 - - 818,000 (0) 0 - - - 58,820 REVENUE & OTHER SOURCES:29,951,022$ 7,829,910$ 2,297,442$ 1,167,423$ 3,787,548$ 5,714,331$ 4,904,053$ 42,500$ 4,013,670$ -$ 194,145$ 2023 TOTAL REVENUES:28,173,055$ 6,966,113$ 2,138,661$ 765,773$ 2,842,754$ 6,575,217$ 4,975,753$ 38,000$ 3,704,183$ 12,655$ 153,947$ % CHANGE FROM 2023:-2.59%-11.00% 7.42% 52.45% 4.46% -13.09% -1.44% 11.84% 8.36% -100.00% -12.10% BUDGET TO ACTUAL TAX RECEIPTS COMPARISON SALES TAX RECEIPTS: SALES TAX - BUDGETED 2,750,000$ 2,825,000$ 2,885,000$ 3,000,000$ 3,000,000$ 3,050,000$ 3,050,000$ 3,250,000$ 3,250,000$ 3,250,000$ 3,750,000$ SALES TAX - ACTUAL / E ST.2,990,863 3,135,084 3,067,336 3,003,943 3,184,969 3,388,799 3,597,162 3,280,847 3,982,805 4,483,398 4,500,000 ACTUAL OVER (UNDER) BUDGET 240,863$ 310,084$ 182,336$ 3,943$ 184,969$ 338,799$ 547,162$ 30,847$ 732,805$ 1,233,398$ 750,000$ MORTGAGE TAX RECEIPTS: MORTGAGE TAX - BUDGETED 200,000$ 220,000$ 250,000$ 350,000$ 300,000$ 250,000$ 250,000$ 250,000$ 250,000$ 250,000$ 280,000$ MORTGAGE TAX - ACTUAL / E ST. 279,560 313,999 329,274 429,760 286,227 279,791 299,934 400,947 297,101 382,578 280,000 ACTUAL OVER (UNDER) BUDGET 79,560$ 93,999$ 79,274$ 79,760$ (13,773)$ 29,791$ 49,934$ 150,947$ 47,101$ 132,578$ -$ 2018 2021 20222013 2023202020192017201620152014 DESCRIPTION TOWN OF ITHACA SUMMARY OF 2024 EXPENDITURES 2024 BUDGET 2024 GENERAL GENERAL HIGHWAY HIGHWAY WATER SEWER RISK FIRE SPECIAL DEBT TOTAL TOWNWIDE PART-TOWN TOWNWIDE PART-TOWN FUND FUND RETENTION PROTECTION DISTRICTS SERVICE EXPENDITURES BY FUNCTION: GENERAL GOVERNMENT 4,538,647$ 3,151,324$ 191,079$ 9,875$ 102,764$ 636,016$ 440,404$ -$ 5,185$ -$ 2,000$ PUBLIC SAFETY 4,102,269 93,784 - - - - - - 4,008,485 - - HEALTH & WELLNESS 42,500 - - - - - - 42,500 - - - TRANSPORTATION 5,785,887 1,507,450 - 1,028,348 3,250,089 - - - - - - CULTURE & RECREATION 1,437,114 1,437,114 - - - - - - - - - HOME & COMMUNITY SVC 10,042,145 425,738 1,563,713 - - 3,720,745 4,331,949 - - - - EMPLOYEE BENEFITS 2,469,620 1,103,900 536,750 123,300 403,170 176,700 125,800 - - - - DEBT SERVICE 1,367,115 - - - - 1,174,970 - - - - 192,145 INTERFUND TRANSFERS 165,725 110,600 5,900 5,900 31,525 5,900 5,900 - - - - TOTAL EXPENDITURES: 29,951,022$ 7,829,910$ 2,297,442$ 1,167,423$ 3,787,548$ 5,714,331$ 4,904,053$ 42,500$ 4,013,670$ -$ 194,145$ EXPENDITURES BY CLASS: PERSONAL SERVICES 5,163,328$ 2,393,891$ 1,164,600$ 297,048$ 713,439$ 332,350$ 262,000$ -$ -$ -$ -$ EQUIPMENT/CAPITAL OUTLAY 355,500 108,875 - - 147,750 69,325 29,550 - - - - CONTRACTUAL SERVICES 14,513,330 1,717,444 590,192 331,175 855,664 3,745,086 3,215,599 42,500 4,013,670 - 2,000 CAPITAL PROJECTS 5,916,404 2,395,200 - 410,000 1,636,000 210,000 1,265,204 - - - - EMPLOYEE BENEFITS 2,469,620 1,103,900 536,750 123,300 403,170 176,700 125,800 - - - - DEBT SERVICE 1,367,115 - - - - 1,174,970 - - - - 192,145 INTERFUND TRANSFERS 165,725 110,600 5,900 5,900 31,525 5,900 5,900 - - - - TOTAL EXPENDITURES: 29,951,022$ 7,829,910$ 2,297,442$ 1,167,423$ 3,787,548$ 5,714,331$ 4,904,053$ 42,500$ 4,013,670$ -$ 194,145$ 2023 EXPENDITURES:30,111,590$ 8,084,481$ 2,138,661$ 765,773$ 3,623,754$ 6,575,217$ 4,975,753$ 38,000$ 3,704,183$ 16,105$ 189,663$ % CHANGE FROM 2023:-0.53%-3.15% 7.42% 52.45% 4.52% -13.09% -1.44% 11.84% 8.36% -100.00% 2.36% EMPLOYEE BENEFITS: N Y S RETIREMENT 605,500$ 301,000$ 138,500$ 28,000$ 80,000$ 33,000$ 25,000$ - - - - SOCIAL SECURITY 397,200 183,500 89,200 23,000 55,000 25,500 21,000 - - - - W ORKERS COMPENSATION 134,900 30,000 22,000 8,000 60,000 8,600 6,300 - - - - LIFE INSURANCE 9,300 4,100 2,100 500 1,500 600 500 - - - - UNEMPLOYMENT INSURANCE 11,800 3,000 - 1,500 4,300 1,500 1,500 - - - - DISABILITY INSURANCE 6,750 3,000 1,450 300 1,100 450 450 - - - - GROUP HEALTH INSURANCE 1,302,000 578,000 283,000 62,000 201,000 107,000 71,000 - - - - FLEXIBLE SPENDING PLAN 2,170 1,300 500 - 270 50 50 - - - - TOTAL EMPLOYEE BENEFITS: 2,469,620$ 1,103,900$ 536,750$ 123,300$ 403,170$ 176,700$ 125,800$ - - - - 2023 EMPLOYEE BENEFITS:2,329,820$ 1,046,000$ 481,550$ 118,300$ 377,020$ 174,000$ 132,950$ - - - - % CHANGE FROM 2023:6.00%5.54% 11.46% 4.23% 6.94% 1.55% -5.38%- - - - DESCRIPTION TOWN OF ITHACA SUMMARY OF EXPENDITURES, SALARIES & WAGES, AND FRINGE BENEFITS 2024 BUDGET COMPARISON FOR FISCAL YEARS 2015 THROUGH 2024 BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 BUDGETED EXPENDITURES: GENERAL TOWNWIDE FUND 5,190,058$ 4,510,344$ 4,896,647$ 4,978,222$ 5,938,282$ 6,918,847$ 5,930,588$ 5,622,070$ 8,084,481$ 7,829,910$ GENERAL PART-TOWN FUND 1,601,305 1,565,225 1,726,150 1,894,070 1,857,520 1,835,780 2,003,770 1,912,977 2,138,661 2,297,442 HIGHWAY TOWNWIDE FUND - - - 773,185 714,840 802,523 1,031,228 732,591 765,773 1,167,423 HIGHWAY PART-TOWN FUND 3,716,211 3,812,819 3,841,305 3,490,313 3,440,050 2,849,244 2,992,140 2,880,379 3,623,754 3,787,548 WATER FUND 6,320,463 6,704,082 7,021,588 7,040,519 6,694,528 5,460,007 6,605,382 6,221,972 6,575,217 5,714,331 SEWER FUND 2,795,520 3,137,575 2,874,850 3,302,208 2,876,445 3,121,458 3,223,467 3,918,698 4,975,753 4,904,053 RISK RETENTION FUND 15,500 16,000 16,000 15,000 15,000 17,000 35,500 38,000 38,000 42,500 FIRE PROTECTION FUND 3,405,000 3,410,000 3,530,000 3,382,500 3,415,000 3,515,000 3,633,000 3,568,306 3,704,183 4,013,670 SPECIAL DISTRICT FUNDS 14,120 16,150 17,850 17,850 17,500 137,345 65,550 11,605 16,105 - INLET VALLEY CEMETERY FUND 1,500 1,500 1,500 - - - - - - - DEBT SERVICE FUND 1,236,400 1,417,844 1,408,512 1,341,144 1,688,193 1,609,626 533,430 253,982 189,663 194,145 TOTAL BUDGETED EXPENDITURES 24,296,077$ 24,591,539$ 25,334,402$ 26,235,011$ 26,657,358$ 26,266,830$ 26,054,055$ 25,160,580$ 30,111,590$ 29,951,022$ LESS: CAPITAL PROJECTS 4,625,000 4,250,000 4,485,000 4,500,000 4,140,000 3,215,000 3,240,000 3,516,205 5,534,200 5,916,404 INTERFUND TRANSFERS 1,602,084 1,812,644 1,800,162 1,915,844 2,365,743 2,221,133 1,286,104 228,726 1,840,269 165,725 TOTAL ADJUSTED EXPENDITURES 18,068,993$ 18,528,895$ 19,049,240$ 19,819,167$ 20,151,615$ 20,830,697$ 21,527,951$ 21,415,649$ 22,737,121$ 23,868,893$ EMPLOYEE SALARIES & WAGES 3,434,355$ 3,449,706$ 3,751,120$ 4,099,945$ 4,155,125$ 4,400,453$ 4,465,798$ 4,579,372$ 4,862,338$ 5,163,328$ EMPLOYEE (FRINGE) BENEFITS 1,898,390 2,020,600 2,082,125 2,267,570 2,203,425 2,272,275 2,223,975 2,212,370 2,329,820 2,469,620 TOTAL PERSONNEL COSTS 5,332,745$ 5,470,306$ 5,833,245$ 6,367,515$ 6,367,515$ 6,367,515$ 6,689,773$ 6,791,742$ 7,192,158$ 7,632,948$ 55.28% 58.57% 55.51% 55.31% 53.03% 51.64% 49.80% 48.31% 47.92% 47.83% 19.01% 18.62% 19.69% 20.69% 20.62% 21.12% 20.74% 21.38% 21.39% 21.63% 10.51% 10.91% 10.93% 11.44% 10.93% 10.91% 10.33% 10.33% 10.25% 10.35% 29.51% 29.52% 30.62% 32.13% 31.55% 32.03% 31.07% 31.71% 31.63% 31.98% FRINGE BENEFITS AS % OF SALARIES & WAGES DESCRIPTION SALARIES & WAGES AS % OF EXPENDITURES FRINGE BENEFITS AS % OF EXPENDITURES PERSONNEL COSTS AS % OF EXPENDITURES FUND / DISTRICT 2017 2018 2019 2020 2021 2022 2023 2024 GENERAL TOWNWIDE FUND TAXABLE ASSESSED VALUATION $ 1,409,739,322 $ 1,470,783,820 $ 1,549,688,565 $ 1,615,447,157 $ 1,665,237,301 $ 1,696,638,433 $ 1,817,584,024 $ 1,992,463,821 PROPERTY TAX RATE $ 1.9876 $ 1.8698 $ 1.9197 $ 1.8794 $ 2.4021 $ 2.0629 $ 2.0769 $ 2.1044 PROPERTY TAX LEVY $ 2,802,000 $ 2,750,000 $ 2,975,000 $ 3,036,000 $ 4,000,000 $ 3,500,000 $ 3,775,000 $ 4,193,000 HIGHWAY TOWNWIDE FUND TAXABLE ASSESSED VALUATION $ 1,409,739,322 $ 1,470,783,820 $ 1,549,688,565 $ 1,615,447,157 $ 1,665,237,301 $ 1,696,638,433 $ 1,817,584,024 $ 1,992,463,821 PROPERTY TAX RATE $ 0.5439 $ 0.5162 $ 0.4952 $ 0.4804 $ 0.3819 $ 0.3950 $ 0.3364 PROPERTY TAX LEVY $ 800,000 $ 800,000 $ 800,000 $ 800,000 $ 648,000 $ 718,000 $ 670,344 TAX RATE VCH $ 1.9876 $ 2.4137 $ 2.4359 $ 2.3746 $ 2.8825 $ 2.4448 $ 2.4720 $ 2.4409 VCH PROPERTY TAX LEVY $ 2,802,000 $ 3,550,000 $ 3,775,000 $ 3,836,000 $ 4,800,000 $ 4,148,000 $ 4,493,000 $ 4,863,344 ESTIMATED TAX - TYPICAL PROPERTY $ 596.28 $ 724.10 $ 730.78 $ 712.37 $ 864.74 $ 733.45 $ 741.59 $ 732.26 GENERAL PART-TOWN FUND TAXABLE ASSESSED VALUATION $ 1,003,883,581 $ 1,061,231,644 $ 1,105,371,520 $ 1,164,464,108 $ 1,209,066,938 $ 1,217,581,802 $ 1,335,525,934 $ 1,463,904,829 PROPERTY TAX RATE PROPERTY TAX LEVY HIGHWAY PART-TOWN FUND TAXABLE ASSESSED VALUATION $ 1,003,883,581 $ 1,061,231,644 $ 1,105,371,520 $ 1,164,464,108 $ 1,209,066,938 $ 1,217,581,802 $ 1,335,525,934 $ 1,463,904,829 PROPERTY TAX RATE $ 1.2450 $ 1.3192 $ 1.3027 $ 1.2589 $ 0.0000 $ 0.7141 $ 0.6215 $ 0.2975 PROPERTY TAX LEVY $ 1,250,000 $ 1,400,000 $ 1,440,000 $ 1,466,000 $ 0 $ 869,500 $ 830,000 $ 435,500 FIRE PROTECTION FUND TAXABLE ASSESSED VALUATION $ 1,077,313,706 $ 1,135,473,489 $ 1,187,098,119 $ 1,247,005,791 $ 1,291,611,686 $ 1,301,004,130 $ 1,422,710,362 $ 1,548,811,848 PROPERTY TAX RATE $ 3.2488 $ 2.8622 $ 2.6535 $ 2.5790 $ 3.0001 $ 2.7139 $ 2.3320 $ 2.2189 PROPERTY TAX LEVY $ 3,500,000 $ 3,250,000 $ 3,150,000 $ 3,216,000 $ 3,875,000 $ 3,530,806 $ 3,318,000 $ 3,436,600 WATER FUND AD VALOREM VALUE $ 430,024,284 $ 432,819,470 $ 437,810,816 $ 427,947,312 $ 667,121,132 $ 674,077,033 $ 684,777,095 $ 724,617,880 AD VALOREM RATE $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 PROPERTY TAX LEVY $ 8,600 $ 8,656 $ 8,756 $ 8,559 $ 13,342 $ 13,482 $ 13,696 $ 14,492 BENEFIT ASSESSMENT $ 110.00 $ 125.00 $ 150.00 $ 160.00 $ 165.00 $182.81 $189.47 $189.59 BENEFIT ASSESSMENT CHARGE 883,736$ 983,208$ 1,244,072$ 1,329,298$ 1,370,643$ 1,451,638$ 1,484,005$ 1,484,759$ SEWER FUND TAXABLE ASSESSED VALUATION $ 485,824,941 $ 490,497,505 $ 496,153,676 $ 488,049,514 $ 736,752,499 $ 742,151,155 $ 756,833,019 $ 802,398,894 AD VALOREM RATE $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 $ 0.02 PROPERTY TAX LEVY $ 9,716 $ 9,810 $ 9,923 $ 9,761 $ 14,735 $ 14,843 $ 15,137 $ 16,048 BENEFIT ASSESSMENT CHARGE/UNIT $ 25.00 $ 25.00 $ 45.00 $ 60.00 $ 65.00 $75.41 $89.00 $100.00 BENEFIT ASSESSMENT CHARGE 192,230$ 188,084$ 358,045$ 478,330$ 531,055$ 571,396$ 664,358$ 746,069$ OUTSIDE VILLAGE TAX RATE $ 4.4938 $ 4.1814 $ 3.9562 $ 3.8379 $ 3.0001 $ 3.4280 $ 2.9535 $ 2.5164 OUTSIDE VILLAGE PROPERTY TAX LEVY $ 5,844,283 $ 5,839,758 $ 6,210,796 $ 6,507,948 $ 5,804,775 $ 6,451,665 $ 6,325,195 $ 6,133,468 ESTIMATED TAX - TYPICAL PROPERTY $ 1,483.15 $ 1,404.43 $ 1,381.87 $ 1,371.36 $ 1,130.04 $ 1,286.62 $ 1,164.52 $ 1,044.50 COMBINED TAX RATE $ 6.4814 $ 6.5951 $ 6.3922 $ 6.2125 $ 5.8826 $ 5.8728 $ 5.4255 $ 4.9572 COMBINED TAX LEVY $ 8,646,283 $ 9,389,758 $ 9,985,796 $ 10,343,948 $ 10,604,775 $ 10,599,665 $ 10,818,195 $ 10,996,812 ESTIMATED TAX - TYPICAL PROPERTY $ 2,079.43 $ 2,128.53 $ 2,112.65 $ 2,083.74 $ 1,994.78 $ 2,020.07 $ 1,906.11 $ 1,776.76 TOWN OF ITHACA SUMMARY OF CHANGES IN REAL PROPERTY TAX BY FUND FOR FISCAL YEARS 2017 THROUGH 2024 FY 2023 Calculation FY 2024 Calculation 2022 2023 ACTUAL ACTUAL Property Tax Levy: General Townwide Fund 3,501,545$ 3,775,000$ Highway Townwide Fund 648,000 718,000 Highway Part-Town Fund 869,500 830,000 Fire Protection District 3,530,806 3,318,000 Ad Valorum - Water 13,482 14,147 Ad Valorum - Sewer 13,863 15,602 Special Districts 27,300 12,655 Sub-Total: Property Tax 8,604,496$ 8,683,404$ Benefit Fees: Benefit Fees - Water 1,448,895$ 1,482,867$ Benefit Fees - Sewer 571,396 664,002 Sub-Total: Benefit Fees 2,020,291$ 2,146,869$ Total: Property Tax Levy 10,624,787$ 10,830,273$ X Tax Base Growth Factor 1.0043 1.0072 10,670,474 10,908,251 + PILOT Payments - Actual from PY 70,000$ 76,584$ Sub-Total 10,740,474$ 10,984,834$ X Levy Growth Factor 1.0200 1.0200 Sub-Total 10,955,283$ 11,204,531$ - PILOT Payments - Est for Next Year 70,000$ 67,571$ TAX LEVY LIMIT 10,885,283 11,136,960 2.83% + Prior Year Carryover 165,608 165,763 TAX LEVY LIMIT WITH ADJ 11,050,891$ 11,302,723$ 4.36% ACTUAL TAX LEVY 10,830,851$ 10,996,812$ 1.53% DIFFERENCE OVER/(UNDER) (220,040) (305,911) PROPERTY TAX CAP CALCULATION Property Tax Items Water Rate 2023 Rate Rate increase Est Revenue Increase Rate increase Est Revenue Increase Rate increase Est Revenue Increase Water Rate per 1,000 gallons 8.89 9.33 5%192,165.00 9.25 4%153,732.00 9.30 4.6%176,792.00 Bolton Point 6.03 6.33 5% (128,751.00) 6.33 5% (128,751.00) 6.33 5% (128,751.00) Town of Ithaca 2.86 3.00 5% 63,414.00 2.92 2% 24,981.00 2.97 4% 48,041.00 Sewer Rate Current 2023 2024 increase 2024 increase 2024 increase Sewer Rate per 1,000 gallons 5.75 6.15 7%6.04 5%6.21 8% IAWWTF O&M Rate (estimated) 2.93 3.14 7% 3.08 5% 3.16 8% Town of Ithaca 2.82 3.01 7% 2.96 5% 3.05 8% 2023 Utility Rates Town of Ithaca City of Ithaca Cayuga Heights Village of Lansing Town of Dryden Town of Lansing CF to 1000 gal for comparison Water Rate per 1,000 gallons $8.89 13.26 11.58$ 9.65$ 8.40$ 7.05$ Sewer Rate per 1,000 gallons $5.75 8.86 4.00$ 7.51$ 6.37$ 7.70$ Penalty for Late Payment 10% -30 days 5%- 20 days 10% - 20 days 15% - 20 days 10% - 20 days 10% - 25 days Water Unit Charge on tax bill 189.47 $155-870 Sewer Unit Charge on tax bill 89.00 $42.97-295.00 2024 Water and Sewer Rate Analysis Recommended Alternative 1 Alternative 2 2024 Recommended 2024 Alternative 1 2024 Alternative 2 ACTUAL ACTUAL ACTUAL ACTUAL ACTUAL ESTIMATED ESTIMATED 2019 2020 2021 2022 2023 2024 2025 REVENUE: - ASSESSED WATER UNITS 8,293.81 8,308.11 8,543.89 7,925.69 7,821.42 7,831.42 7,841.42 - BENEFIT ASSESSMENT/UNIT $150.00 $160.00 $165.00 $182.81 $189.59 $189.59 $200.00 TOTAL REVENUE 1,244,071.50$ 1,329,297.60$ 1,409,741.85$ 1,448,895.39$ 1,482,863.02$ 1,484,758.92$ 1,568,284.00$ EXPENSE: Project Contribution - Cash 290,000.00$ 300,000.00$ 300,000.00$ 300,000.00$ - BONDED DEBT OBLIGATION Public Improvement Bond - 2004-A 68,299.80$ -$ -$ -$ -$ -$ -$ Public Improvement Bond - 2004-B Refunded Refunded Refunded Refunded Refunded Refunded - Public Improvement Bond - 2009 96,943.75 94,543.75 Refunded Refunded Refunded Refunded - Public Improvement Bond - 2011 134,906.25 132,656.25 Refunded Refunded Refunded Refunded Refunded Public Improvement Bond - 2013 138,618.00 149,555.00 727,787.50 Redeemed Redeemed Redeemed Redeemed 2004-B Refunding Bond - 2014-A 113,293.76 111,293.76 108,293.76 100,284.38 98,206.25 91,068.75 - Public Improvement Bond - 2014-B 167,513.75 169,033.75 170,473.76 168,193.76 169,156.26 169,855.00 169,280.00 Public Improvement Bond - 2015 168,531.26 165,911.26 167,291.26 167,591.26 168,831.26 169,063.00 170,071.26 Public Improvement Bond - 2018 342,361.60 347,507.00 345,630.00 343,603.50 346,427.50 348,952.50 346,178.50 Public Improvement Bond - 2020-A - - 172,957.00 171,196.00 172,134.00 172,750.00 169,945.00 2009/2011 Refunding Bond - 2020-B - - 218,362.00 220,500.00 227,250.00 223,250.00 129,000.00 Public Improvement Bond - 2024 - - - - - - 200,000.00 - - - - - - - - TOTAL BONDED DEBT OBLIGATION 1,230,468.17$ 1,170,500.77$ 1,910,795.28$ 1,171,368.90$ 1,182,005.27$ 1,174,939.25$ 1,184,474.76$ TOTAL EXPENSE 1,230,468.17$ 1,170,500.77$ 1,910,795.28$ 1,461,368.90$ 1,482,005.27$ 1,474,939.25$ 1,484,474.76$ EXCESS (SHORTAGE) - CUMULATIVE 357,073.51$ 515,870.34$ 14,816.91$ 2,343.40$ 3,201.15$ 13,020.81$ 96,830.05$ % of Expense Covered by Revenue 101.11% 113.57% 73.78% 99.15% 100.06% 100.67% 105.65% SUMMARY OF ACTUAL & ESTIMATED WATER BENEFIT ASSESSMENT REVENUE AND RELATED EXPENSE TOWN OF ITHACA DESCRIPTION ACTUAL ACTUAL Actual ACTUAL BUDGET ESTIMATED ESTIMATED 2019 2020 2021 2022 2023 2024 2025 REVENUE: - ASSESSED SEWER UNITS 7,956.55 7,972.17 8,170.08 7,577.19 7,460.69 7,460.69 7,500.00 - BENEFIT ASSESSMENT/UNIT $45.00 $60.00 $65.00 $75.41 $89.00 $100.00 $110.00 TOTAL REVENUE 358,044.75$ 478,330.20$ 531,055.20$ 571,395.90$ 664,001.41$ 746,069.00$ 825,000.00$ EXPENSE: - BONDED DEBT OBLIGATION None -$ -$ -$ -$ -$ -$ -$ - TOTAL BONDED DEBT OBLIGATION -$ -$ -$ -$ -$ -$ -$ - S J C DEBT OBLIGATION 365,168.37 467,088.75 469,869.41 553,962.25 661,462.00 746,069.00 825,000.00 - TOTAL S J C PROJECTS -$ -$ -$ -$ -$ -$ -$ TOTAL EXPENSE 365,168.37$ 467,088.75$ 469,869.41$ 553,962.25$ 661,462.00$ 746,069.00$ 825,000.00$ EXCESS (SHORTAGE) (7,123.62)$ 4,117.83$ 65,303.62$ 82,737.27$ 85,276.68$ 85,276.68$ 85,276.68$ % of Expense Covered by Revenue 98.05% 102.41% 113.02% 103.15% 100.38% 100.00% 100.00% DESCRIPTION TOWN OF ITHACA SUMMARY OF ACTUAL & ESTIMATED SEWER BENEFIT ASSESSMENT REVENUE AND RELATED EXPENSE