C O L L I N C O U N T Y B U D G E T 2 0 1 7 General Fund Budget - PowerPoint PPT Presentation

C O L L I N C O U N T Y B U D G E T 2 0 1 7

General Fund Budget : Five-Year Trend $200 $8.1 $180 $7.5 $185.2 $11.6 $175.5 $160 $166.6 $158.4 $152.0 $140 $120 Recommended Budget Millions $100 $80 $60 $40 $20 5.0 % 5.3 % 5.5 % 4.4% $0 FY 2013 Adopted FY 2014 Adopted FY 2015 Adopted FY 2016 Adopted FY 2017 Recommended Expenditures One‐time

Road & Bridge Fund Budget : Five-Year Trend $23.3 $23.2 $24 $22.5 $22.4 $22 $20.5 $20 $18 $16 $14 Recommended Budget Millions $12 $10 $8 $6 $4 $2 9.1% 0.4 % 3.2 % ‐0.4 % $0 FY 2013 Adopted FY 2014 Adopted FY 2015 Adopted FY 2016 Adopted FY 2017 Recommended Adopted Budget

Operating Funds Budget : Five-Year Trend $240 $220 $8.1 $213.6 $7.5 $200 $1.0 $11.6 $201.7 $180 $190.8 $183.0 $173.8 $160 $140 Recommended Budget Millions $120 $100 $80 $60 $40 $20 4.2 % 5.9 % 5.4% 5.7 % $0 FY 2013 Adopted FY 2014 Adopted FY 2015 Adopted FY 2016 Adopted FY 2017 Recommended Expenditures One‐time

Operating Funds - Detail FY 2016 FY 2017 Revenue Revenue % $220.0 $8.1 $228.0 Fund Estimate Estimate Change $213.6 $200.0 General Fund $184.5 $201.9 9.4% $180.0 Road & Bridge Fund $21.9 $20.7 ‐5.5% $160.0 Permanent $12,000 $5.4 % $140.0 Improvement Fund $120.0 Millions Total Operating $206.4 $228.0 10.5% $100.0 Recommended Budget FY 2016 FY 2017 $80.0 Revenue Estimate Adopted Recommended % Fund Budget Budget Change $60.0 General Fund $183.0 $193.3 5.6% $40.0 Road & Bridge $23.3 $23.2 ‐0.4% $20.0 Fund $‐ Permanent $3.0 $5.3 76.9% Improvement FY 2017 Recommended Fund Total Operating $209.2 $221.8 6.0% Revenue Expenditures One‐Time Expenditures Recommended revenue does not include potential tax rate reduction

Healthcare Fund Budget : Five-Year Trend $4.3 $4.5 $4.2 $4.0 $3.9 $4.0 $3.7 $3.5 $3.0 Millions $2.5 $2.0 $1.5 $1.0 $0.5 ‐12.8% 6.4% 2.4% 7.4% $0.0 FY 2013 Adopted FY 2014 Adopted FY 2015 Adopted FY 2016 Adopted FY 2017 Recommended

Other Funds FY 2017 Recommended $29.4 $29.8 $30.0 $25.0 $20.0 Millions $15.0 $9.9 $10.0 $6.6 $6.00 $5.8 $5.6 $5.0 $2.4 $2.4 $0.0 $0.0 Grants Special Revenue Internal Service CSCD CCTRA Revenues Expenditures

Combined Funds Budget : Five-Year Trend $350 $8.1 $327.0 $7.5 $300 $21.0 $303.0 $13.1 $280.5 $250 $259.1 $266.7 $200 Recommended Budget Millions $150 $100 $50 5.2 % 8.1 % 7.9 % 2.9% $0 FY 2013 Adopted FY 2014 Adopted FY 2015 Adopted FY 2016 Adopted FY 2017 Recommended Expenditures One‐time

Combined Funds $350.0 $8.1 $300.0 $327.0 $336.8 $250.0 $200.0 Millions Recommended Budget $150.0 Revenue Estimate $100.0 $50.0 $‐ FY 2017 Recommended Revenue Expenditures One‐Time Expenditures Recommended revenue does not include potential tax rate reduction

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C O L L I N C O U N T Y B U D G E T 2 0 1 7

Effective Tax Rate $195,212,981 $93,674,057,987 $ 0.208395 2015 Adjusted 2016 Adjusted This Year’s Total Property Taxes Total Property Value Effective Tax Rate The Effective Tax Rate is a hypothetical property tax rate that would give the county the same amount of revenue it had in the previous fiscal year

The “Seesaw” Effect Appraised Property Value Effective Tax Rate

Rollback Rate $147,321,178 $93,674,057,987 $ 0.157270 2015 2016 This Year’s Adjusted Operations Adjusted Effective Appraisal Value Operating Rate Property Taxes 108% $ 0.169851 $ 0.157270 The Law Maximum This Year’s Effective Operating Rate Operating Rate

Total Rollback Rate $ 0.169851 $ 0.055200 $ 0.225051 Maximum Debt Tax Rate This Year’s Total Operating Rate Rollback Rate

Tax Rate included in the Recommended Budget $ 0.16980 $ 0.055200 $ 0.22500 Operating Tax Rate included in Debt Tax Rate This Year’s Tax Rate included in the Recommended Budget the Recommended Budget

Truth-in-Taxation This recommended budget will raise more total property taxes than last year’s budget by an amount of $19,141,698 which is a 9.61 percent increase from last year’s budget. The property tax revenue to be raised from new property added to the tax roll this year is $7,565,661.66. FY 2016 FY 2017 Property Tax Rate Description Adopted Recommended General Fund $0.165800 $0.164400 Road & Bridge Fund $0.004000 $0.000400 Permanent Improvement Fund $0.000000 $0.005000 Total Maintenance & Operating Tax Rate $0.169800 $0.169800 Debt Service Fund $0.055200 $0.055200 Total Property Tax Rate $0.225000 $0.225000 Effective Tax Rate $0.217817 $0.208395 Effective Maintenance & Operating Tax Rate $0.164310 $0.157270 Rollback Tax Rate $0.232654 $0.225051 Rollback Maintenance & Operating Tax Rate $0.177454 $0.169851 Debt Tax Rate $0.055200 $0.055200

Tax Rate • Current Tax Rate is $0.22500 per $100 valuation • Recommended Budget Includes a Tax Rate of $0.22500 • No tax rate increase for twenty‐three years • 5% Homestead Exemption for seven years $0.30 $0.25 $0.20 $0.15 $0.10 $0.05 $0.00 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 M & O Tax Rate Debt Service Tax Rate

Tax Base Growth Adjusted Taxable Value $120 $107.7 $96.2 $100 $86.5 $79.1 $80 $74.5 $72.3 $72.4 $71.8 $71.2 $68.5 Billions $60 $40 $20 $0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Home Values Average Home Value $350,000 $300,000 $250,000 $200,000 $150,000 $100,000 $50,000 $0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 Adjusted Taxable Value $221,701 $230,813 $235,031 $233,591 $231,192 $230,944 $230,218 $238,030 $257,767 $285,262 $317,599

Average Collin County Tax Bill Average Collin County Tax Bill $700 $678.87 $609.81 $600 $575.46 $565.49 $543.17 $537.03 $541.45 $538.14 $526.55 $524.90 $527.12 $500 $400 $300 $200 $100 $‐ 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

Average Tax Bill The following is a property tax analysis for an average homeowner living in Collin County. The average home in Collin County is valued at $317,599 according to statistics compiled by the Central Appraisal District of Collin County. Collin College AVERAGE 4% TAXING UNIT TAX RATE TAXES Plano Collin County $0.2250000 $ 678.87 Collin ISD City of Plano $0.4766000 $ 1,216.02 County 66% 11% Plano ISD $1.4390000 $ 4,210.50 City of Collin County Community College District $0.0819600 $ 260.30 Plano 19% Total $2.2234560 $ 6,391.10 Utilizes FY 2017 Recommended Tax Rates

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General Fund

Road & Bridge Fund

Permanent Improvement Fund

Healthcare

Motions to Propose a Tax Rate FY 2016 FY 2017 Property Tax Rate Description Adopted Recommended General Fund $0.165800 $0.164400 Road & Bridge Fund $0.004000 $0.000400 Permanent Improvement Fund $0.000000 $0.005000 Total Maintenance & Operating Tax Rate $0.169800 $0.169800 Debt Service Fund $0.055200 $0.055200 Total Property Tax Rate $0.225000 $0.225000 Effective Tax Rate $0.217817 $0.208395 Effective Maintenance & Operating Tax Rate $0.164310 $0.157270 Rollback Tax Rate $0.232654 $0.225051 Rollback Maintenance & Operating Tax Rate $0.177454 $0.169851 Debt Tax Rate $0.055200 $0.055200

– Next Steps • Purchasing Board Pubic Hearing scheduled for Wednesday, August 24, 2016, 8:30 am in the Nathan White Ceremonial Courtroom • Board of District Judges Public Hearing for the County Auditor scheduled for Wednesday, August 31, 2016 at 8:15am in the 199th District Courtroom • Juvenile Board Public Hearing scheduled for TBD in the 417th District Court Courtroom • 1st Tax Rate Public Hearing Scheduled for Tuesday, September 6, 2016, scheduled for TBD in the Jack Hatchell Administration Building, Commissioners Courtroom.

Next Steps • 2nd Tax Rate Public Hearing scheduled for Monday, September 12, 2016, 1:30 pm in the Jack Hatchell Administration Building, Commissioners Courtroom. • Proposed Budget (to include any changes approved during this workshop) to be filed and posted on County’s website Monday, September 12th. • Budget Public Hearing scheduled for Monday, September 19, 2016, 1:30pm in the Jack Hatchell Administration Building, Commissioners Courtroom. • Adoption of FY 2017 Budget, Tax Rate, and Fee Schedule scheduled for Monday, September 19, 2016, 1:30 pm, in the Jack Hatchell Administration Building, Commissioners Courtroom.

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