Are there reserve funds available to help address the budget shortfall?

Strategic Reserve funds of just over $2.6 million are available in the city's 2023-24 budget. While these funds can be used to address short-term budget shortfalls, they will need to be replenished each year to ensure the city maintains this vital safety net. 

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1. What is a levy lid lift?
2. How much will my property taxes go up if the levy lid lift passes?
3. How is money from property taxes used?
4. What led to this budget shortfall?
5. What has changed in the past ten years?
6. What efficiencies has the city implemented to cut costs?
7. What will happen if this levy lid lift is not approved?
8. How much revenue will the proposed levy lid lift generate?
9. Who pays the property taxes?
10. The city council just gave an additional $2 million for the Sports Complex project? How is this possible with the projected revenue shortfall?
11. The levy lid lift would raise the property tax rate to $1.10 per $1,000 in assessed value. Why am I paying more than $8.00 per $1,000?
12. Which budgeted staff positions has the city "frozen" in 2023?
13. The levy lid lift is proposing to raise the city's property tax rate 60% from $.70 per $1,000 to $1.10 per $1,000. Will my property tax bill go up 60%?
14. Are there reserve funds available to help address the budget shortfall?
15. If approved, what new services will the levy lid lift provide?
16. Can the budget shortfall be funded with aditional sales taxes instead of property taxes?
17. Why was my property tax rate reduced from $1.40 per $1,000 in 2014 to only $0.70 in 2024?