1. Setting Tax Rate for FY 2018-2019
Budget Workshop
September 5th, 2018

2. Capital Projects Funds
$117,335,372
TOTAL BUDGET
Capital Projects Fund
$12.5MTotal FTE -None
AB West- Fortis Academy and various maintenance projects.
11%
General Fund
$56.9M Total FTE
48% FY
General Fund
Special Revenue Funds
29%
Special Revenue Fund Grants $34.4 M 386 Total FTE
Internal Service Fund - Facilities
$5.7 M Total FTE 5%
Debt Service Fund
Capital Projects Funds
Debt Service Fund - Bonds $3.1 M Total FTE-None
Enterprise Fund $4.7M Total FTE Choice Partners Cooperative. 3% 4%
Internal Service Fund
Enterprise Fund 2

3. Property Values Growth
Last Six Fiscal Years
$13 Billion
$55 Billion
FY 2019
$450 Billion
$393 Billion in
FY 2016
Prelim Estimate
FY 2014
$289 Billion
$15 Billion
$437 Billion in
FY 2018
$49 Billion
$29 Billion
$338 Billion in
FY 2015
$422 Billion in
FY 2017
Values came in at $412B certified and $37B under protest for $449.6 B 3

4. 4th year in a row to recommend BELOW the Effective Tax Rate
Six Year History
Property Tax Rate $.01 Maximum 14 $
Effective Tax Rate 15 $
Effective Tax Rate
$289 Billion 16 $
Below the ETR 6%
$338 Billion
4th year in a row to recommend BELOW the Effective Tax Rate
Last Six Fiscal Years
$.0052
Below the ETR
11% 17
$393 Billion 4% 18 $
Below the ETR
$422 Billion 19
$. $
Below the ETR
.1%
$437 Billion
$450 Billion
Lowering the tax rate 4 4

5. Setting The 2018 Tax Rate Definitions
Nominal Rate – Tax rate to generate revenues to support last year’s approved budget; [ ] Effective Tax Rate – A calculated rate that provides the taxing unit with the same amount of revenue it received in the year before--on property taxed in both years. TY17 [ ] TY18 [ ] Rollback Tax Rate – A calculated maximum rate allowed by law without voter approval. The rollback rate provides the taxing unit with about the same amount of tax revenue it spent the previous year for day-to-day operations, plus an extra eight percent increase for those operations plus sufficient funds to pay debts in the coming year. [ ] Maintenance & Operations (M&O) Rate – Tax rate to generate revenues to support general operating expenditures. [ ] Debt Service Rate (Sometimes referred to as Interest & Sinking or I&S) – Tax rate to generate revenues obligated for repayment of indebtedness. HCDE currently does not have an I&S rate. All debt is backed by M&O taxes and revenues and not I&S. N/A [ ] Total Tax Rate – The M&O and I&S tax rates combined. [ ]

7. August 2018 Monthly Tax Collection Report

8. Revised Proposal Below Effective Tax Rate

9. Motion to approve the tax rate of $0.005190 for Tax Year 2018
Current Tax Rate (Nominal)
Effective Tax Rate
Recommended (M&O) Tax Rate
Rollback Tax Rate
NEXT STEP
Motion to approve the tax rate of $ for Tax Year 2018