Keizer, Oregon –
Chief Financial Officer Tim Wood presents the 2022-23 budget proposed on May 9.
Kaiser’s Budget Committee has split this year’s meeting into two parts, May 9-10, with a long list of spending priorities and millions of dollars in the US Rescue Planning Act (ARPA) Fund. We talked about what to do. The final budget will be approved in June.
Residents of Kaiser can expect some price increases soon. If the proposed budget is approved, the city’s water tariff will increase by 4% from January and the sewerage tariff (set by Salem, not Keizer) will increase by 3%. Also, starting in January, police service charges will increase by $ 1 per month. Kaiser’s property tax is fixed and associated with the assessed amount.
Keizer’s total budget for fiscal years 22-23 will increase by almost 18% from last year to about $ 59.5 million. This is primarily due to the $ 4.4 million ARPA funds that the city received next year.
Most of the city’s annual income comes from the charges for services such as water and sewage and stormwater. This is followed by property taxes, which together generate $ 35 million in revenue each year.
Treasury official Tim Wood said the city’s property tax rate is $ 2.0838 per $ 1,000 valuation, and current Oregon law prohibits tax increases.
According to the proposed budget, the city plans to spend $ 42.5 million between 2022 and 23. As always, personnel services in the form of salaries and benefits form the largest part of the city’s spending plan, including an overall increase of 7.4% from last year this year.
Wood said this was due to higher wages, insurance and severance pay. He said salary increases averaged 3% and the budget was allocated to a 5% increase in city employee health insurance premiums.
This year, $ 840,000 to cover the costs of new officers from the Police Services Fund to the General Fund, $ 360,800 from the General Fund to the Park Services Fund, and $ 30,000 from the General Fund to traffic improvement. Several remittances are planned. Funds to repay a previous loan. In addition, $ 521,000 will be sent from the Street Fund to the Stormwater Fund to cover normal costs, and $ 650,000 will be sent from the Water Fund to the Water Facility Fund to improve capital.
In terms of fixed investment, the plan budgets $ 12,456,000 this year and plans to repay nearly $ 1.8 million in debt.
We are still considering projects that may be in 2022-23, such as converting the Kaiser Community Library to a public library and setting up two new lawn fields, but one of the ARPA funds, including $ 700,000 for community center staff. The department has already been assigned. ..
Mayor Adam Braun said the remaining ARPA funds that were not allocated to the budget approved in June would be reserved in case the city voted to proceed with either or both of these projects next year. Said that it would be stored and released in.
City leaders review budget for new fiscal year Source link City leaders review budget for new fiscal year