2019 Budget November 8, 2018 Wher ere D e Does t oes the e Rev - - PowerPoint PPT Presentation

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2019 Budget November 8, 2018 Wher ere D e Does t oes the e Rev - - PowerPoint PPT Presentation

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2019 Budget November 8, 2018 Wher ere D e Does t oes the e Rev evenue enue Com Come e Fr From om? Sales T ax 39% T axpayer Protection Fund 1% Appropriated Fees & Other Debt Reserve Revenue 1% 11% Property T ax 21%

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SLIDE 1

November 8, 2018

2019 Budget

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SLIDE 2

Property T ax 21% Appropriated Debt Reserve 1% Sales T ax 39% T axpayer Protection Fund 1% Fees & Other Revenue 11% State & Federal Revenue 25% Appropriated Fund Balance 2%

Wher ere D e Does t

  • es the

e Rev evenue enue Com Come e Fr From

  • m?
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SLIDE 3

Property T ax

21%

Consecutive Property T ax Levy Reduction- $28K Property T ax Rate Reduction- to $3.45/$1,000 Inc ncrease e in n True ue Value ue Assessmen ents:

28.5 29 29.5 30 30.5 31 2016 2017 2018 2019

$ Billions

County is only 12% of T

  • tal

al Prope perty T ax Bill School

  • ol- 65%,

65%, Local 23% 23%

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SLIDE 4

Sales T ax

39%

  • Growth of 5% in 2018
  • Growth of 3.5% in 2019
  • Current YTD Growth is 7% but it is Volatile
  • Includes elimination of IBM Sales T

ax Pilot Projection Includes:

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SLIDE 5

Fund Balance

4%

  • 1-2 Months of General Fund Operating Expense
  • More than 2 months- T

ax reduction / Capital

  • Fun

Fund B d Bala lance P Poli licy:

Fund Amount General Fund- A: General Fund $9,900,000 Taxpayer Protection Fund $4,500,000 Road Fund- D: $800,000 Machinery Fund- E: $200,000 Total All Funds: $15,400,000

  • Una

nassigned Fund B d Fund Bala lance: G Gene eneral f fund und 201 2017- $55. $55.4M

  • Res

Restricted Fund B d Fund Bala lance:

  • $4,000,000 to offset Debt
  • Based on Bond Premiums and Interest on Capital Cash
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SLIDE 6

State & Federal

25%

  • Raise the Age Revenue or Appropriations
  • Hurrell-Harring Revenue or Appropriations
  • Does

es n not includ lude: e:

  • Includes

des:

  • Appropria

priatio ions ns D Driv iven: n:

  • State and Federal Revenue is related to Mandates
  • Also includes Grants and related appropriations
  • $3.7M Shared Services Matching Funds
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SLIDE 7

Fees & Other

11%

  • Bus Fares
  • E-911 Surcharge
  • Park Rental Fees / Camp Fees
  • OTB Revenue
  • DMV Fees

User Fees pay for the service being used Inter-department revenue

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SLIDE 8

Personal Services 40% Contracted Services 14% Sales T ax Revenue Sharing 6% Mandated 27% Debt 4% Other 9%

Wher ere D e Does t

  • es the

e Mon

  • ney

ey Go? Go?

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SLIDE 9

Personal Services

40%

  • + 4.00 New positions recommended
  • 1 Position Deleted
  • +.25 Hourly to Full-time

Inclu ludes des:

  • +3.25 Net New Full-Time Equivalent (FTE) Positions
  • T
  • tal 1,761 FTE positions vs. 2,178 at peak in 1990
  • Vacancy Factor increased to $2.3M will have to hold positions
  • CSEA contract through 2020 COLA- 2.25%, Step- 2.5%, Longevities
  • PBA contract through 2019 COLA- 2%, Steps, stipends, and longevities
  • DSA contract through 2019 COLA- 2%, merit, longevities
  • BOE- 2.25% COLA, 2.5% Step Equity
  • Management and Confidential- 2.25% COLA, merit, longevities
  • DCSEA contract has not yet been settled
  • Fringe Benefit increase $4.8M
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SLIDE 10

Contracted

14%

Includes:

  • $1.75 million increase for Dutchess Community College

Offsetting:

  • Reduction in inmate housing out costs ($257,000)
  • New Mechanism for funding T
  • urism and LDC- IBM PILOT ($1.3M):

Agency County Funding 2018 County Funding 2019 IDA Funding 2019 Total Funding 2019 Local Development Corp (LDC) $451.5K $451.5K $451.5K Tourism Promotion Agency $1.5M $574K $1.1M $1.6M

  • IDA also provides an additional $415,000 for T
  • urism, Bardavon,

Arts Council and Hudson Valley Film

  • No change is included in Public Transit related to the County

looking into a turn-key operation

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SLIDE 11

Mandated

27%

  • State Training School (Juvenile Detention) $800K
  • Pre-School Special Education $2M
  • Safety Net $900K

Up 3% 2019 Drivers Include: Other High Cost Areas:

  • Medicaid $43M
  • Children Services Foster Care & Placements $36M
  • Raise the Age Funding and Appropriations
  • Hurrell- Harring Funding and Appropriations
  • Salary Costs related to mandates

Not Included:

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SLIDE 12

Debt Service

4%

Increase of $2.4M as we have begun issuing debt for the LEC Project and other authorized projects. Still only 5.7% of Debt Limit

Total Indebtedness Debt Limit Available

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SLIDE 13

Sales T ax Sharing & Other

15%

$31 Million Projected for municipalities

  • $25M Base
  • $6M Growth Payment
  • Contingency in at $1M down from $1.5M
  • Sales

es T ax R Revenue S enue Sharing ring

  • Other

er

  • Interfund transfer for Public Transit up $477K

Primarily due to the new teamsters contract

  • Full Rent expense for OCIS and Planning with

revenue Offsetting for Sale of High Street

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SLIDE 14

QUESTIONS?