Tradition Of Fiscal Responsibility

Slides:



Advertisements
Similar presentations
ORANGE COUNTY BUDGET Budget Worksession Summary July 19, 2007.
Advertisements

2012 City Budget Public Hearing Budget Process Annual Revenue Survey – February 22 First Budget Work Session – May 2 Second Budget Work Session.
City Council Meeting August 2,  Part I – Regulations and Terminology May 17, 2011  Part II – Revenues June 7, 2011  Part III – Fund Descriptions.
FY12 Budget Development Alachua County Board of County Commissioners April 5, 2011.
City of Orlando FY2010 Proposed Budget September 14, 2009.
FY12 and FY13 Budget Development Special Board Meeting Alachua County Office of Management and Budget May 17, 2011.
Florida’s Property Tax Revisions Adopted by the Florida Legislature Special Session “D” October 12-29, 2007 A presentation to the Florida PTA Daytona Beach.
What is the proposed ballot issue? Referred measure 3B: Increased funding for education in School District 51 only Shall taxes on peoples’ property (house,
Orange County Property Tax Reform Summary June 26, 2007 Board of County Commissioners.
Alliance Management Group Tax Year 2012 Update 1.
2006 Budget Challenges Additional Increases in Pension Contributions = +$451,200 Additional Assessment from RVSA = +$315,000 Increases in Fuel and Utility.
2004 Budget Presentation City Commission Budget Study Session July 2, 2003.
City of Houston Long Range Financial Management Task Force City Financial Overview Part 2 September 6, 2011.
County Fiscal Outlook February 2, Outline Economic Environment Revenue Outlook Budget Strategies FY 2010 Budget Challenges Budget Strategies FY.
Recommended Annual Budget for Fiscal Year 2013 City of G autier, Mississip pi September
FAC Webinar Series Thank you for joining us for today’s webinar! Please mute your phones to reduce background noise. Please do not put your phone on hold.
PROPERTY TAX REFORM UPDATE March 27, Property Tax Reform January 30, 2007 BCC Meeting Tax Reform Proposals Fishkind & Associates Orange County Budget.
Town of Norwell Board of Selectmen Fiscal 2007 BUDGET PRESENTATION Monday, April 24, 2006.
St. Johns County Association Roundtable June 8, 2015 Jesse Dunn Assistant Director OMB St. Johns County BCC Fiscal Year 2016: Separate Challenges Looking.
ORANGE COUNTY BUDGET Budget Worksession Summary July 22, 2010.
The Budget Process. The Phases Information Gathering Information Gathering Department Requests Department Requests Financial Projections Financial Projections.
Proposed FY Budget Town of Denmark Presentation to Board of Selectmen February 11, 2015.
First Budget Hearing (Final Hearing For Non-Ad Valorem Assessments) Board of County Commissioners September 06, 2007.
Fire Rescue & Property Tax Reform March 18, 2008.
ORANGE COUNTY BUDGET FY Worksession Overview July 17, 2007.
As updated January 31, 2012 Town of Chatham Town Manager FY2013 Updated Recommendations - January 31,
Property Tax Relief and Reform: Special Session 2007-B Overview Presentation to the Florida Taxation and Budget Reform Commission June 26, 2007.
BUDGET Compliance With Levy Limits. You are the next contestant on The Price is not Right Cost Controls from Madison have caused major problems.
Budget Focus To prepare a structurally balanced general operating budget with recurring revenues supporting recurring expenditures. To provide a budget,
FEBRUARY 22, 2016 FY 2017 County Administrator’s Recommended Budget.
City of Parkland Fiscal Year Proposed Budget Commission Workshop August 18, 2010.
1. FY Proposed Budget Jamie Justice, Town Manager & Piet Swart, Finance Director April 26, 2016 Fiscal Year Proposed Budget 2.
Budget Workshop June 8, Millage & Ad Valorem History FY 05/06 – FY 12/13 Proposed 2 $97.4 million 37.8% reduction.
Information for Public Hearing July 22, TAX DIGEST AND MILLAGE RATE 2015 What is a Digest?  The total Net Assessed Value of Real, Personal Property,
1 FY BUDGET PRESENTATION Board of Estimate and Taxation February 9, 2015.
IMPACTS OF PROPERTY TAX REFORM January 30, Introduction Randy Singh, Office of Management & Budget –Opening Remarks Bill Donegan, Orange County.
City of Hampton Fiscal Year 2010 Budget City Council Work Session February 25, 2009.
Proposed Budget Fiscal Year Ending September 30, 2017.
Madison Community Update presented by Mayor Arthur S. “Sandy” Kirkindall.
BUDGET PROCESS & REVENUE & EXPENSE INFORMATION For FISCAL YEAR 2011.
The Legislature approved a Constitutional Amendment to be placed on the January 29, 2008 ballot providing for: 1)A $25,000 exemption for tangible personal.
2018 Preliminary Tax Levy Preliminary tax levy must be certified to the County by end of September for property tax statements mailed in late November.
Fiscal Year Budget Overview
Excellence In Education
What is the most important day of this school year?
Christopher M. Quinn, MACC, CPA, CFE, CGFO, CGMA
HOLLIDAYSBURG AREA SCHOOL DISTRICT
CITY OF NEW SMYRNA BEACH
Tax Budget – Putting the puzzle pieces together
Property Tax Reform The League of Oregon Cities is committed to assisting with the passage of legislation that will enhance local decision-making, provide.
Civics Unit 8 Local Government.
Georgia Studies Unit 4 – Local Governments
City Council Meeting December 6, 2017
Financial Audit Presentation Year Ended June 30, 2017
Georgia Studies Unit 8 – Local Governments
Community Council Meeting 9 November 2017
FY 2018/19 Recommended Budget Town of Manchester, Connecticut
2015 Municipal Budget Overview
Joint Committee Meeting: Highway and Finance & Budget
Georgia Studies Unit 8 – Local Governments
Funding the Town’s Transportation Infrastructure Improvement Plan (IIP) – An Initial Discussion of Impact Fees Town Council Meeting March 1, 2017.
FY 2019/20 Recommended Budget Town of Manchester, Connecticut
FY 2019/20 Recommended Budget Town of Manchester, Connecticut
Commission Workshop 3 Budget Presentation
FY Budget Workshop Meeting
Quarterly Budget Update 2018 first Quarter Report
Quarterly Budget Update 2017 Quarterly Reports
City of Jacksonville: June 6, 2019 Council Orientation
First Public Hearing to Adopt the Tentative Budget and Millage Rate
K-W Public Schools Revoke & Replace Operating Levy November 5, 2019
Presentation transcript:

Budget Address 2007-2008 Mayor John Peyton Consolidated City of Jacksonville July 16, 2007

Tradition Of Fiscal Responsibility 11.31 9.64 8.48 6.85* * Effective millage rate with proposed Constitutional Amendment

Tradition Of Fiscal Responsibility Millage rate includes operating, voted debt service, land preservation, and hospital

Tradition Of Fiscal Responsibility

Tradition Of Fiscal Responsibility

A New Day For Local Governments Governor Crist pledged property tax reform Legislature failed to reach agreement in regular session Special session convened for property tax reform Passed two phases of cuts: Statutory rollback effective Oct. 1, 2007 Constitutional Amendment before voters Jan. 29, 2008 – To be effective Oct. 1, 2008

Impact Of Tallahassee Legislation On Budget Revenue for 07/08 determined by new formula Roll back revenue to 06/07 level Add in new construction Subtract 3 percent New millage rate equals 8.48 mills Revenue minus projected expenses leaves budget $65 million out of balance

Options To Balance The Budget Road to a balanced budget Option A: Cut Departmental Funding Option B: Generate New Revenue Option C: Hybrid – Cuts & New Revenue

Guiding Principles For Preparing New Budget Prioritize core government services Diversify revenue and reduce reliance on property taxes Aggressively capture cost savings Make surgical reductions in public safety budgets excluding first responders Prioritize public service grant funding Prepare for impact of Constitutional Amendment

Key Factors In Preparing Budget Focus on core services to the community Identify ways to increase service and decrease cost Factor in fixed expenses Collectively bargained wages and benefits Pension costs Debt service Internal costs: technology, legal, insurance Ensure acting responsibly with taxpayers’ money

Flexibility To Reduce Expenses Fiscal Year 06/07

Government Reorganization Reorganize 17 previous departments and executive agencies into 8 new business units Abolish 55 positions Eliminate duplications in services Results in approximately $3 million savings

Public Service Grants Worked to minimize reductions to non-profit community Developed more stringent criteria Tiered reductions based on type of services provided

Total Reductions and Adjustments Capital Maintenance $5.5 Million Public Service Grants $4.2 Million Children's Commission $2.7 Million Mayport Ferry $738,000 Constitutional Officers $1.2 Million Reorganization $3.0 Million State Health Department $1.9 Million Public Library $2.1 Million Fire and Rescue $4.0 Million Sheriff's Office $8.3 Million Other Cuts and Adjustments $4.9 Million Total Savings $38.5 Million

Budget Breakdown By Department

Public Works Department Responsible for: Solid Waste Right-of-way and grounds maintenance Engineering and construction management Real Estate Public Buildings 12 %

Recreation and Community Services Department Responsible for: Recreational and Community programs Behavioral and Human Services 6%

Commissions and Quasi-Executive Departments Includes: Jacksonville Public Library Jacksonville Children’s Comm. Jacksonville Human Rights Comm. Medical Examiner Jacksonville Economic Development Comm. 8%

Sustainable Communities Responsible for: Planning and Development Housing and Neighborhoods Environmental and Compliance 2%

Cuts Alone Are Not Enough $26.5 million out of balance after cuts Non-public safety departments absorbed significant reductions in prior years Further cuts significantly diminish service Next year, more than $100 million shortfall with passage of Constitutional Amendment

Forced To Make A Difficult Decision Road to a balanced budget Option A: Override Statutory Rollback Option B: Diversify Revenue

Overriding Statutory Rollback: Bad Idea Penalties built in for overriding cap Creates one time money Cannot be used for reoccurring expenses Maintains reliance on unreliable source of revenue

Tradition Of Fiscal Responsibility 12 Straight Years of Locally Driven Millage Rate Reductions 11.31 9.64 8.48 6.85* * Effective Millage rate with passage of Constitutional Amendment

Diversifying Revenue: Good Idea Property tax revenue no longer reliable source Public safety and non-public safety related costs continue to grow Non-public safety has absorbed significant reductions in prior years Cannot continue to cut funding and provide quality services Property Tax Revenue 51% Non-Property Tax Revenue 49%

DIVERSIFICATION is key to positioning community for the future. 25

Diversifying Revenue: New Fee Structure Modest in scale Phased in over time Balanced approach to minimize impact on taxpayers Proportionate application to avoid unfair burden

Franchise Fee 3 percent of utility bill starting April 1, 2008 JEA will continue to be low cost provider Join comparable cities across Florida including St. Petersburg, Tampa, Orlando, St. Augustine and Tallahassee Neighbor to Neighbor program

Residential Solid Waste Fee $5 per month for homeowners starting April 1, 2008 Offsets costs of residential solid waste collection Join 24 other largest cities in Florida in assessment of similar fee Atlantic, Jacksonville and Neptune Beaches all currently pay residential solid waste fees

Stormwater Fee Average $5 per month for homeowners starting July 1, 2008 Formula-based impact with credit for onsite improvements for commercial properties Offsets costs related to stormwater runoff and drainage Join approximately 80 percent of urbanized Florida that already has a stormwater fee Includes more than 100 cities

Estimated Impact To Average Homeowner Assessed Home Value of $160,000* Annual Savings from Property Tax Reform $156 Franchise Fee 4/1/08-9/30/08 $32 Residential Solid Waste Fee 4/1/08-9/30/08 $30 Stormwater Fee 7/1/08- 9/30/08 $15 HOMEOWNER SAVINGS $79 * $160,000 is median home value in Duval County

How We Balanced The Budget

Balanced Budget With Combination Of Reductions and New Revenue Out of Balance - $65 Million Net Adjustment and Reductions $38.5 Million Estimated Revenue from New Fees $26.5 Million Balanced Budget

What This Budget Does Prioritizes core government services Diversifies revenue and ensures sustainability Reduces reliance on property taxes Aggressively captures cost savings Makes surgical reductions in public safety budgets excluding first responders Prioritizes public service grant funding Positions for impact of Constitutional Amendment