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3 <br /> <br /> 1 <br /> Tax Growth = 3.0% 2 <br /> Sales Tax Growth = 2.4% 3 <br /> General Fund Reserve = 16% 4 <br /> 5 <br /> 6 <br /> 7 <br /> 8 <br /> 9 <br /> 10 <br /> 11 <br />Bonnie Hammersley said that the increase is due to increased debt service, and will not 12 <br />seep into the operating budget. She said this allows for flexibility with the phase-in of taxes. 13 <br />Commissioner McKee asked if the .0795 projected tax increase assumes that the 14 <br />revenues, currently being collected, will remain the same. He asked if sales revenue growth 15 <br />exceeds these estimates, would the possibility of increasing taxes be reduced. 16 <br />Bonnie Hammersley said yes, if better growth is seen, the rate could be adjusted in the 17 <br />future. She resumed the presentation: 18 <br /> 19 <br />FY2018-19 Recommended Budget $0.0142 Tax Rate Increase Impact 20 <br /> 21 <br /> 22 <br /> 23 <br /> 24 <br /> 25 <br /> 26 <br /> 27 <br /> 28 <br /> 29 <br /> 30 <br /> 31 <br /> 32 <br /> 33 <br /> 34 <br /> 35 <br /> 36 <br /> 37 <br /> 38 <br /> 39 <br /> 40 <br /> 41 <br /> 42 <br /> 43 <br /> 44 <br /> 45 <br /> 46 <br /> 47 <br /> 48 <br /> 49 <br /> 50 <br /> 51 <br /> Phase In Tax Rate Increase $0.0142 to $0.8519 <br />$0.01 on county tax rate = $1,838,250 <br />$0.0142 on county tax rate = $2,610,315 <br />$0.01 on county tax rate = $1,838,250 <br />$0.0142 on county tax rate = $2,610,315 <br />Property <br />Value <br />FY2017-18 <br />Tax Rate <br />($0.8377) <br />FY2018-19 <br />Tax Rate <br />($0.8519) <br />Increase <br />$100,000 $837.70 $851.90 $14.20 <br />$200,000 $1,675.40 $1,703.80 $28.40 <br />$300,000 $2,513.10 $2,555.70 $42.60 <br />$400,000 $3,350.80 $3,407.60 $56.80 <br />$500,000 $4,188.50 $4,259.50 $71.00 <br /> FY2018-19 RECOMMENDED BUDGET REQUEST COMPILATION <br />FY2018-19 RECOMMENDED BUDGET COUNTY DEPARTMENTS <br />1- Increase living wage for temporary employees to $14.25 on July 1, 2018 <br />2- Increase living wage for non-competitive contracts = $37,150