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Minutes 05-22-2014
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Minutes 05-22-2014
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11/24/2015 11:27:02 AM
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BOCC
Date
5/22/2014
Meeting Type
Budget Sessions
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Minutes
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Agenda - 05-22-2014 - Agenda
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\Board of County Commissioners\BOCC Agendas\2010's\2014\Agenda - 05-22-2014 - Budget Public Hearing
Agenda - 05-22-2014 - 1
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\Board of County Commissioners\BOCC Agendas\2010's\2014\Agenda - 05-22-2014 - Budget Public Hearing
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He said the largest components of the property tax revenues are real property, being <br /> $132.6 million, and registered motor vehicles, being $7.9 million. He said it is anticipated that <br /> the new collection method will make registered motor vehicles a larger component moving <br /> forward. <br /> Clarence Grier said property tax continues to be the largest portion of the general fund <br /> revenues, at 72.8 percent. He said property taxes have been 74 to 76 percent in past years, but <br /> the use of fund balance has decreased the reliance on property taxes. <br /> He said the bond rating has been upgraded to AAA rating for all three major rating <br /> services, and this lowers the debt service rates moving forward. <br /> Clarence Grier noted that the largest expenditure of General Fund Revenue is <br /> education, at 48.7 percent, and this is followed by Human Services, at 16.8 percent, and Public <br /> Safety at 11.5 percent. <br /> He referred to the slide on Concerns and Issues for Fiscal Year 2015-16 and said both <br /> school systems have a combined total of$330 million in outstanding projects and older facility <br /> needs. He said the health insurance costs for the County continue to increase, and this year <br /> the increase was 14.5 percent. He said the outstanding post-employment insurance benefit is <br /> $63 million, and the County has fully funded the past 2 fiscal years annual required contribution. <br /> He said the property tax revaluation is an issue because current assessed values are <br /> higher than property sales by 5.5 cents. He said a revaluation conducted at this time would <br /> require a $4.42 property tax increase to generate the same amount of revenue as is budgeted <br /> this year. He said the gap in general fund revenues and expenditures is growing at a rate that is <br /> unsustainable. He suggested a property tax increase or reduction in expenditures may be <br /> necessary in the next fiscal year. <br /> Clarence Grier reviewed the spreadsheet outline of the projected future budget for fiscal <br /> year 2015-2016. He said the Revenues are projected at$187,131,286, with 1.5 percent <br /> property tax growth and a 2 to 3 percent sales tax growth. He said the anticipated appropriated <br /> fund balance excess is $4.5 million, with expected adjustments of$7.1 million and estimated <br /> preliminary revenues of$194,309,751. He said taking into account the estimated expenditures <br /> of$2.6 million and estimated expenses of$198.2 million, there would be a budget shortfall of <br /> $3.9 million He said this would equate to $2.59 cents on the current property tax rate. <br /> He reviewed the dates for future public hearings and the document availability. <br /> Commissioner Gordon said this budget presentation was given on May 20th and <br /> questions arose about the CHCCS district tax. She said she had found a couple of interesting <br /> historical notes related to this. She said in 2005, there was a referendum to implement an OCS <br /> district tax, and it was defeated. She said there was also a referendum in 1996 to expand the <br /> use of the CHCCS special use tax from just operating to also to include capital. She said this <br /> passed with a vote of almost 2-1. <br /> Chair Jacobs noted for the public that the Board does not make any decisions about the <br /> budget until after the public hearings. <br /> Chair Jacobs said that the Board may have its own opinions about how the schools' <br /> money should be used, but that is not the role of the Commissioners. He said the Board gives <br /> the schools a per-pupil amount, and the school systems decide what the money is used for. <br /> Commissioner porosin referred to Commissioner Gordon's comments on the past <br /> history of school taxes. He hopes no one will conclude that the County school system is any <br /> less passionate about funding the needs of the children in the OCS district. He said it is <br /> common for the County not to have a special tax because the district is funded with a property <br /> tax. <br /> Commissioner Gordon said she is a strong supporter of both school systems, and she just <br /> thought the historical information was interesting. <br />
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