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Home My WebLink AboutAugust 20 2021 CBCSt Lucie County FY 2021-2022 Budget August 20, 2021 Citizens’ Budget Committee June 25: County Admin. Recd. Budget Distributed to Board July 7-13: BOCC Budget Workshops Budget Discussed in Detail July 27: TRIM Millage Rates Approved Sept. 9: Tentative Millage Rates and Tentative Budget Approved Sept. 23: Adopt Final Millage Rates and Budget •Property Values & Property Taxes •Financial Forecast •Challenges •Incremental Revenue & Expenses •Board Approval •Property Tax Notices/Millages •Public Hearing Dates Source: Banner and US Census Bureau $591,403 $592,353 $523,980 $506,969 $497,551 $480,666 $472,621 $504,005 $557,216 $546,309 $587,540 $563,589 $604,805 278,285 279,696 280,355 281,151 282,821 287,749 292,826 297,634 302,432 309,359 322,265 328,972 335,679 250,000 260,000 270,000 280,000 290,000 300,000 310,000 320,000 330,000 340,000 350,000 $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022Budget In ThousandsAdopted Budget SLC Population Source: St. Lucie County Budget Documents and US Census Bureau 205,796 214,924 228,548 241,965 255,251 266,860 273,151 274,344 278,285 279,696 280,355 281,515 282,821 287,749 282,826 297,634 302,432 309,359 322,265 328,972 335,679 778.85 851.33 959.82 982.78 943.04 769.54 659.76 666.59 707.74 745.44 781.95 800.53 813.53 851.23 600.00 650.00 700.00 750.00 800.00 850.00 900.00 950.00 1,000.00 1,050.00 100,000 150,000 200,000 250,000 300,000 350,000 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 *2022 Population Postion Count by FTE FY 2010 FY 2011 FY 2012 FY 2013 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 Fine & Forfeiture Millage 3.3957 3.9699 3.9699 3.9699 3.9699 3.2699 3.2699 3.2838 3.4538 3.4538 3.2324 3.2324 2.9824 General Fund Millage 2.7694 2.8707 2.9221 2.9221 2.9221 3.7764 4.1273 4.1077 4.1077 4.1077 4.3077 4.2077 4.2077 6.1651 6.8406 6.8920 6.8920 6.8920 7.0463 7.3972 7.3915 7.5615 7.5615 7.5401 7.4401 7.1901 $0 $1 $2 $3 $4 $5 $6 $7 $8 Ad-Valorem Revenues General Fund and Fine & Forfeiture Millage Rates 7 $611 $580 $488 $378 $371 $355 $348 $365 $381 $412 $433 $470 $499 $517 $534 $550 $642 $659 $669 $689 $702 $713 $725 $718 $733 $748 $762 $776 $788 $806 $819 $0 $100 $200 $300 $400 $500 $600 $700 $800 $900 $1,000 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 *FY2022 Per Capita Taxes per capita with cost of living *Recommended Budget 8 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% Percentage Change in Property Value 13.0% 9.4% 8.6% 4.9% City of Port St. Lucie St. Lucie County Wide City of Fort Pierce St. Lucie County Unincoroporated Area Taxing Authority Property Value City of Port St. Lucie $13.3 Billion St. Lucie County – County Wide $25.7 Billion City of Fort Pierce $2.9 Billion St. Lucie County – Unincorporated $9.5 Billion Source: St. Lucie County Property Appraiser 9 The taxes collected by each county are a based on two factors: Taxable property value and the millage rate. Property = Millage x Assessed Property Value Taxes Rate $1,000 Aggregate Millage Rate = The rate obtained by dividing the sum of all of the ad valorem taxes levied by the taxable value of the county. The aggregate rate expresses the average tax rate. 10 Of the 23.2597 mills levied by all agencies in St. Lucie County, 8.7684 mills are levied by St. Lucie County BOCC (including constitutional officers), dependent districts, and MSTUs Sources: Florida Department of Revenue 11Sources: Florida Department of Revenue & Florida Office of Economic & Demographic Research The Statewide Average taxable property value is $98,647. St. Lucie County's value is $73,026. 12*Aggregate millage rates calculated by dividing total taxes levied by the county-wide taxable value. Sources: Florida Department of Revenue For the 67 Florida Counties, the Statewide average millage rate is 8.0333 St. Lucie County's millage rate is 8.7684. 13 Sources: Florida Department of Revenue & Florida Office of Economic & Demographic Research While St. Lucie County's millage rate is higher than the statewide average, St. Lucie County's taxable value is lower than the statewide average. These two factors taken together result in county taxes per capita being slightly below the statewide average. 14 $196.80 $198.40 $206.70 $213.80 $221.70 $152.40 $226.00 $207.50 $213.60 $218.50 2020 Actual 2021 2022 2023 2024 130 140 150 160 170 180 190 200 210 220 230 Revenue Expenses(in millions) Note: FY 20 and FY 21 reflect timing issues related to CARES Act reimbursements. •Revenue: •Property Taxes are estimated based on increases to projected property value of 9.4%-FY 2022, 5.5%-FY2023 and FY 2024 -4% •Reflects a ½ mill reduction over 3-years (.1 FY 21, .25 FY 22, and .15 FY 23) •State Revenue Sharing & Half Cent Sales Tax increased by 2% for FY 23 & FY 24 •Expenses: •All FY 22 recommended budget expenses are included •3% salary increases in FY 2022 and FY 2023 •2% salary increases in FY 2024 across all Board of County Commission departments and Constitution Offices •Health insurance increases in FY 2022, FY 2023, FY 2024 of 9%. •All other expenses grow at CPI 2%15 16 Incremental Recurring Revenues Property Taxes before rate reduction $14,684,134 Law Enforcement MSTU Increase (to F&F) $344,723 0.25 Mill Reduction ($6,096,609) Sales Tax $696,291 State Revenue Sharing $602,093 Incremental Revenue $ 10,230,632 Note: The above table represents general fund and fine and forfeiture funds only Incremental Revenue $10,230,632 Less: Estimated CRA Increase ($735,989) Less: Estimated Juvenile Detention Increase ($242,523) Less: Supervisor of Elections Increase (recurring) ($531,299) Less: Supervisor of Elections Rent Increase ($62,443) Plus: Guardian Ad Litem Decrease $125,016 Less: Judicial Increases ($83,181) Less: Clerk Increases ($282,969) Less: Property Appraiser Increases ($73,466) Less: Adjustment for Tax Collector Fees ($309,647) Less: Inmate Medical ($1,000,000) Net available for BOCC/Sheriff allocation $7,034,131 Note: The above table represents general fund and fine and forfeiture funds only GF/FF Available for Sheriff and BOCC Allocations $7,034,131 Recommended Sheriff Allocations*$3,901,385 (55%) Recommended BOCC Allocations $3,132,746 (45%) *Does not include supplemental budget request of $922,656 for Tazers/Body Cameras Available for BOCC Allocation $ 3,132,746 FRS Increase $ 283,455 3% COLA $ 815,165 Health Insurance Increase $ 639,986 Economic Development Council $ 50,000 Libraries $ 108,470 Public Works $ 139,501 Facilities $ 165,933 OMB $ 50,000 Administration $ 87,424 Public Safety $ 392,769 Community Services $ 39,166 Parks & Recreation $ 89,209 Environmental Resources $ 72,735 BOCC –Dist 5 $ 98,958 County Attorney/New Horizons $ 54,000 Miscellaneous requests $5,000 or less $ 45,975 BOCC Allocations $3,132,746 FY 2022 Millage Millage Change Taxes @ 95% General Fund 4.2077 0.0000 $ 0 Fine & Forfeiture 2.9824 -0.2500 $ (6,096,609) Mosquito Control 0.1352 0.0000 $ 0 Unincorporated MSTU 0.4300 0.0000 $ 0 Erosion Control 0.1763 0.0000 $ 0 Stormwater MSTU 0.4731 0.1234 $ 1,111,197 Law Enforcement MSTU 0.9103 0.0000 $ 0 Parks MSTU 0.2313 0.0000 $ 0 Transit MSTU 0.1269 0.0000 $ 0 SHI Beach Erosion Control 0.7455 0.5324 $ 631,810 Aggregate Millage Rate 8.5630 -0.2057 $ (4,353,602)42 Cities* Unincorporated SHI (not SHI) Countywide millage change -0.2500 -0.2500 -0.2500 Stormwater millage change 0.1234 0.1234 SHI Beach millage change 0.5324 Total Millage change -0.2500 -0.1266 0.4058 change per $100k of taxable value $ (25.00)$(12.66)$40.58 $295,000 homesteaded impact $ (61.25)$(31.02)$99.42 42 *Approximately 77% of the population resides in the Cities. •Tentative Budget Hearing: September 9, 2021 at 6:00 p.m. •Final Budget Hearing: September 23, 2021 at 6:00 p.m. 24 St Lucie County FY 2021-2022 Budget August 20, 2021 Citizens’ Budget Committee