ERAF and Basic Aid February 7, 2006.

Slides:

Advertisements

Similar presentations

1 Demand for City-type Services. 2 Demand for City-Type Services Development in the unincorporated area may result in the expectation that the County.

Advertisements

30.5.  State funding helps keep tuitions low at public colleges. As a result, more Texans can afford college.  For the years 2000 and 2001, the Texas.

APA Citizen’s Academy Presentation on Local Resources Paul Casey, Assistant City Administrator October 18, 2013.

County of Orange 1 Current Economy  Recession Officially Ended in June 2009  Slow Growth Projected  Few Signs of “Double Dip”  Primary County Impacts.

Property Tax Presentation at Sun Valley Nov 5, 2011 Slides available at Neil Morgan Assessor.

1 School Funding Discussion November 15, 2007 Brighton Area Schools.

Tax Rate Adoption North East ISD August 11, 2008.

REAL PROPERTY REASSESSMENT. This is the County’s sixth reassessment The 2013 property values for property tax purposes are as of December 31,

County of Orange Teeter Program

Financing Public Schools In Colorado (The Intersection With TABOR and Gallagher) Presented To: School Finance Partnership Presented By: Rudy Andras Economist.

Parkview School District Budget Hearing and Annual Meeting Monday, August 18, :30 p.m. Parkview Jr./Sr. High School LMC Monday, August.

State Center Community College District Budget Update Regular Board of Trustees Meeting December 7,

1 Budget Development & Issues & Dr. Constance M. Carroll Chancellor San Diego Community College District Terry Davis Vice Chancellor,

LAO California’s Budget Outlook for Michael Cohen Legislative Analyst’s Office April 23,

2005 Idaho Legislature Property Tax Interim Committee Jason Hancock Legislative Services Office.

1 You pay fees and taxes to government but... How much goes to cities? How do they spend it? A look at California city finance from the view of the taxpayer.

Urban Renewal Extension. Urban Renewal  Frozen property taxes within an area  Property owners still pay regular taxes, but dollars paid are re-invested.

1 County Budget & Finance Issues. 2 What Counties Do.

“FY 2016 County Administrator’s Budget Recommendation March 23, 2015”

Paid for By Yes on 1A Californians to Protect Local Taxpayers and Public Safety, Sponsored by a coalition of local government organizations, League of.

Fire Protection Services. Organization in California STATE RESPONSIBILITY Office of Emergency Services State Mutual Aid CALFIRE State Responsibility Area.

Maner Costerisan  There are 882 Public School Districts within the State of Michigan as of ◦ Intermediate School Districts – 56 ◦ Local Education.

Taxation & Other Revenue at the State & Local Level J. Worley Civics.

Seward Public Schools Annual Report on Budget and Finance.

WHAT THE HAPPENED TO ECONOMIC DEVELOPMENT IN CALIFORNIA!? Steve Andrews Senior Policy Advisor Mayor’s Office of Economic Development City of Los.

State Budget Update May Revise May 27, The Budget How the State landed in this position What is the shortfall Governor's Budget Plan Community College.

Michigan Association of Counties Traverse City, September 19 th, 2011.

Hendry County Board of County Commissioners Budget Workshop June 11, 2013.

1 Fairfax County Fiscal Outlook Mount Vernon Town Meeting February 3, 2007 Edward L. Long Deputy County Executive

2014 Budget Department Presentations Infrastructure Funding Options.

Public Meeting October 20,  Revenues  Expenses  Contract Services.

Joint Task Force on Local Effort Assistance September 25, 2002 Bill Freund, Consultant To The Task Force.

December 1, Presentation Outline Budget Purpose and Process Proposed 2010 General Fund Budget Expenditures Revenues Proposed 2010 Tax Levy Basics.

Proposed 2013 Property Tax Levy Tax Levy 2013 levy request = $21,814,158 Operating levy frozen since 2009 levy Estimated decrease in city-wide EAV.

Annual Revenue Survey February 12, In preparation for the 2014 City Budget.

Ridgeland School District Referendum. District 122 in Oak Lawn.

RDA Pass-Throughs: How to Comply with AB 1389 Without Giving Away the Store (Or Losing Your Mind!) Presented by: Dante Gumucio Public Economics, Inc

County of Marin March 2004 County Budget Overview and Potential Impact of State Funding Cuts.

LAO Budget, Pensions, and ERAF Legislative Analyst’s Office September 24,

Presentation: Financing Education Financing Education How Iowa’s Taxpayers Pay for Public Education.

Budget Plan for managing and spending money. Plan for managing and spending money. Governments create budgets to help them make decisions because of limited.

LAO Update on State Budget Jennifer Kuhn Legislative Analyst’s Office February 20,

FIRST INTERIM REPORT LARKSPUR-CORTE MADERA SCHOOL DISTRICT.

Revenue Survey. Probable Trends 2 Valuation Growth – Will show slow growth again in 2011 affecting the 2012 mill levy rate. Sales Taxes – Since.

California Community Mental Health Revenue Update California Institute for Behavioral Health Solutions (CIBHS) County Behavioral Health Fiscal Leadership.

October 8,  Regular operating levy for current expenses ◦ Continuous period or limited period 1- 5 years ◦ Limited may be renewed or replaced 

Jefferson City Revenue Forecast Staff Analysis. Accuracy in Estimates Important to Make Best Use of Tax Payer Money.

Exhibit C Overview SB361 Funding Formula Learning Objectives  Be able to locate the major components within Exhibit C  Understand that the exhibit.

County Tax Assessor-Collectors Theoffice of The office of Phase II:

Lincoln Public Schools Budget Tool Kit. Timeline for Budget September Last Friday - Enrollment January-March Staffing Conferences January-April.

Park Hill School District August 9, Tax Rate.

September 7, Agenda Recent funding history 11/12 budget Beyond Other issues.

Town of Apple Valley Mid-Year Budget Status Report Fiscal Year Mid-Year Budget Status Report Fiscal Year Town Council Meeting February.

Alliance Policy & Management Group TAX YEAR 2015 UPDATE SEPTEMBER 18,

Overview of Property Taxes. The majority of taxpayers in the City will experience an overall reduction in property taxes they pay to the City of Flagstaff!

College Community School District 4 Budget Calculations for General Fund Budget Year.

City of Rancho Cucamonga Fiscal Year 2013/14 Operating Budget Midyear Budget Update Presented to the City Council February 19, 2014.

Property Taxes and Levies Property taxes are a levy from and a primary source of income for our school district 1.

2016 Legislative Limitations Presented by Wendy Semmler Department of Revenue Property Tax Division.

Legislative Analyst’s Office Presented to: April 14, 2016 California Association of School Business Officers.

Public Infrastructure Funding Request Tax Increment Financing (TIF) Special Assessments.

City of Rancho Cucamonga Fiscal Year 2012/13 Operating Budget Midyear Budget Update Presented to the City Council February 20, 2013.

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.

June 14, Where does the money come from? Total Revenues Collected $363,449.

Association of County Auditors Property Tax Sub-Committee October 2016

Annual Budget Hearing September 11, 2017

Property Tax Rates Property Taxes.

Initiation of City/County Committee Process Resolution # A temporary committee to study cost saving measures and ideas between Chemung County.

MARSHALL PUBLIC SCHOOLS

Local Government in South Carolina

Presentation transcript:

ERAF and Basic Aid February 7, 2006

ERAF Steps: Step 1 Pre-Triple Flip and VLF Cities and special districts pay into ERAF. These are property taxes that the cities receive that get moved into the ERAF pot.

Step 2 Determine Basic Aid status of schools. Total Base Revenue as determined by the state ERAF Student fees Regular property taxes

Regular property taxes Step 2 Determine Basic Aid status of schools. ERAF Student fees Regular property taxes

Regular property taxes Step 2 Determine Basic Aid status of schools. ERAF Student fees Regular property taxes

Regular property taxes Step 2 Determine Basic Aid status of schools. ERAF Student fees Regular property taxes

Regular property taxes Step 2 Determine Basic Aid status of schools. Student fees Regular property taxes

Step 2 San Mateo County has 23 school districts, 1 community college district and the County Office of Education. 8 of those school districts are Basic Aid. Basic Aid districts receive no ERAF and no state funds in their base revenue.

Step 3 Determine need for ERAF funds. Only non-Basic Aid districts. For San Mateo County, total need is less than total paid in by cities and special districts.

Step 4 Determine Excess ERAF. Total Paid In - Need Excess ERAF Excess ERAF goes back to the cities and special districts that paid it in.

Step 5 Post Triple Flip Determine calls on ERAF post Triple Flip and VLF legislation. School Districts (non-Basic Aid) Special Education Backfill to cities for lost sales taxes due to state deficit bond (triple flip) Backfill to cities for lost vehicle license fees (VLF)

Step 6 Total ERAF paid in in Step 1 exceeds total need in Step 5. San Mateo County has a shortfall of ERAF funds available. Two groups are held harmless from the shortfall: Cities and special districts Basic aid school districts

Step 6 ERAF shortfall is taken from the property taxes of the remaining non-Basic Aid school districts – and SMCCCD. Shortfall should be made up by state revenue paid to schools. State revenue is subject to deficit factors if there isn’t enough state revenue to go around.

Step 6 SMCCCD is entitled to about $6M in ERAF in Step 2. That means we are not a Basic Aid District. SMCCCD lost the $6M and an additional $16M in property taxes as our share of the ERAF shortfall.

ERAF and Basic Aid Basic Aid status is re-determined every year. SMCCCD could move to Basic Aid status if countywide property tax growth exceeds base revenue increases. San Mateo County assessed valuation is growing at an average of above 7% per year.

ERAF and Basic Aid In 05/06, the state rolled PFE and equalization into our base revenue. This increased our base without increasing any funds. This lengthened the time until we might become Basic Aid. Eventually we will get there, but probably not for a few years.

ERAF and Basic Aid When we do become Basic Aid, we will shift from getting $20-$30M in state aid to receiving it all in property taxes. We will join the ranks of those who are being held harmless. SMCCCD’s draw on property taxes then will have to come from the few remaining non-Basic Aid school districts in the county.

ERAF and Basic Aid In the long run, this model will not work as there will not be enough property taxes from the non-Basic Aid districts to fund those that are being held harmless. New legislation will be needed. Currently only Marin and San Mateo counties are in this situation of having excess ERAF funds.