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4. Not discussed earlier,is a significant increase in the City's levy request(nearly 20%) by the <br /> year 2019. While most of that increase is scheduled for 2019,we would advise breaking that <br /> increase down over a two-year period (10%increase in 2018, 10%in 2019). This has the dual <br /> benefit of reducing the"shock"of such a large increase and produces some additional cash in <br /> 2018. As of right now,the model shows about a 5%increase heading into 2018 and a 15 <br /> increase going into 2019. <br /> If the City decides to accept this suggestion,it will raise questions from the public. If it does, <br /> feel free to share the full CFP report with them showing how tax rates stabilize(perhaps even <br /> decline)after that. <br /> If you have any questions or concerns, please do not hesitate to contact us. Following the Council <br /> meeting in August,we will bring forth our final recommendations and CIP/Rate Analysis. <br /> Respectfully, <br /> q— 1� <br /> Jason Murray,Associate <br /> David Drown Associates, Inc. <br />