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3
<br /> Pre-Covid Post-Covid $
<br /> Projections Projections Difference
<br /> PROPERTY & PERSONAL PROPERTY TAX
<br /> Tax Rate Increase 1.63 0 $(3,123,224)
<br /> Collection Rate Adjustment - Property Tax(Real/Personal) 99.2% 98.7% $ (781,147)
<br /> Collection Rate Adjustment - Motor Vehicles 99.9% 99.4% $ (142,485)
<br /> SALES TAX
<br /> *Sales Tax Growth +5% -4.5% -9% $(2,814,151)
<br /> TOTAL $(6,8611007)
<br /> 1 *Sales Tax projections includes Articles 39, 40 and 42
<br /> 2
<br /> FY19-20
<br /> Adopted Pre-Covid Post-Covid $ %
<br /> Projections Projections Difference Difference
<br /> REVENUE Budget
<br /> Real/Personal Property $152,142,471 $ 157,890,346 $154,198,531 $(3,691,815) -2.34%
<br /> Motor Vehicles $ 10,770,627 $ 11,530,157 $ 11,175,116 $ (355,041) -3.08%
<br /> *Other $ 2,240,833 $ 2,323,992 $ 2,323,992 $ - 0.00%
<br /> Sales Tax $ 25,372,861 $ 26,641,504 $ 23,827,353 $(2,814,151) -10.56%
<br /> Licenses and Permits $ 313,260 $ 289,000 $ 274,550' $ (14,450) -5.00%
<br /> Investment Earnings $ 415,000 $ 1,158,576 $ 515,000 $ (643,576) -55.55%
<br /> **Miscellaneous $ 3,040,769 $ 2,892,817 $ 2,642,817 $ (250,000) -8.64%
<br /> Charges for Services $ 12,704,833 $ 13,275,581 $ 12,724,996 $ (550,585) -4.15%
<br /> Intergovernmental $ 18,278,612 $ 17,977,289 $ 17,977,289 $ - 0.00%
<br /> TOTAL $225,279,266 $233,979,262 $225,659,644 $(8,319,618) -3.56%
<br /> * Other= Delinquent Taxes, Interest on Delinquent, Beer&Wine Excise Taxes, Animal Taxes etc.
<br /> 3 **Miscellaneous = Hold Harmless Article 44, Donations, Rent Income, Sale of Surplus Assets etc.
<br /> 4
<br /> 5 Bonnie Hammersley said she wanted to show transparency prior to presenting her full
<br /> 6 budget to the Board of County Commissioners on May 5t". She said this is considered a
<br /> 7 moderate decrease. She said County staff has had to be extremely creative to be able present
<br /> 8 a balanced budget to the Board, which is a requirement of the State.
<br /> 9 Ashton Powell clarified that the percentage difference measured is from the projected
<br /> 10 budget, but the actual difference from 19-20 is still going up.
<br /> 11 Bonnie Hammersley said this presentation includes just the revenue side, and the
<br /> 12 revenues do not include the fund balance, which can be used to balance the budget.
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