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Event transcript
Sir, you cannot control yourself. 00:00:00
To this. 00:00:04
Council workshop. 00:00:06
We have beggar Tilly here. 00:00:08
To present. 00:00:10
Preliminary numbers and information for us and. 00:00:11
Umm, keep in mind as this information comes out that. 00:00:15
It may get worse over the next couple of years as well, so we'll let Paige talk about that so. 00:00:20
You want to come on up? 00:00:25
Oh. 00:00:27
Let us do the pledge real quick. Yes, please stand for the pledge of Thank you, Deb. 00:00:29
I believe we should supply. 00:00:34
United States of America. 00:00:37
To the Republic for which it stands, one nation under God. 00:00:39
Thank you. 00:00:46
All right, please proceed. 00:00:48
Thank you, and good evening, Paige Santos. 00:00:50
Silly, yes, I appreciate everyone's patience. Tried to get this to you ahead of time and. 00:00:53
Was unsuccessful in doing so. You should have gotten that this morning, but. 00:01:00
As you are probably aware, we are working with a number of counties and municipalities in the state, especially in relation to 00:01:05
Senate Enrolled Act One. 00:01:09
This is a preliminary draft. We do anticipate updates made over the next several weeks as we learn more and more about the 00:01:15
legislation, but I think this is a great place to start. I'm going to start on page one. I'm not going to go through every word in 00:01:20
detail of this report, but I am going to hit the highlights. 00:01:25
So First off, I wanted to touch base a little bit with you about the legislative session. 00:01:31
Legislative changes and Senate and Rollback 1. 00:01:37
1st. 00:01:40
Not assess values. So we've got a lot of things happening with assessed values. 00:01:41
The homestead deductions are getting restructured. So there's going to be a phase in of homestead deductions through 2031. 00:01:46
By the time we get to 2030, one 2/3 of your residential property will be a. 00:01:55
You will get a deduction for that, so you will be paying on only 1/3. 00:02:03
Of the taxable property of your residence. So that's a fairly large deduction. 00:02:07
We also have. 00:02:12
Brand new deductions on what we call 2% properties, so that would be agricultural land, long term care facilities. 00:02:14
And residential rental properties. 00:02:22
We have not had those types of deductions in the past, so this is brand new. 00:02:25
There's things that will be happening with the business personal property if it's brand new business personal property put into 00:02:30
service January 1. 00:02:35
That will be exempted from paying taxes. 00:02:40
It removes the 30% depreciation floor on other business personal properties, so. 00:02:43
All in all, with all of those different changes. 00:02:49
We do expect that either your net assessed value will go down over the next several years or the growth will be limited. 00:02:53
Because we are going to see reductions in these net assessed values. 00:03:02
Maximum levy growth. Thankfully it isn't as bad as what was proposed originally. 00:03:08
You are going to get maximum, you are going to get property tax levy growth. 00:03:14
The growth quotient is capped at 4%. 00:03:19
For 2026. 00:03:22
We expect that it will be 4%. 00:03:25
Had they not capped it, I think it would have been around 5.55 point 6%. 00:03:27
So I do think that 4% is a very good estimate to use for the maximum levy growth factor. 00:03:33
For the remaining years, 27 through 29 and even beyond that. 00:03:39
The growth factor will will have the same formula. 00:03:44
It's based on a six year average of not far personal income, which means it's tied to the economy. 00:03:47
But it is capped out at 6%. We've not have been at six. 00:03:53
Percent for many, many years. 00:03:57
So in this report, we have assumed a 4% growth over the next probably few years at least till 2031. But there is a change you need 00:04:00
to be aware of. It doesn't start until 2030, so. 00:04:07
For it when you're in 2029, repairing your 2030 budget. 00:04:14
If you want to take any growth on your property tax levy, so let's say it is a 4% growth question, if you want to take that 00:04:19
growth, you have to have an extra public hearing during the budget process. 00:04:25
But you don't have to worry about that for next year's budget, but that. 00:04:31
That's just going to add another layer of. 00:04:34
Process that we have to do for the budget. 00:04:37
Next page on page 2 here is a big change. 00:04:42
I mean, there were a lot of big changes, but this is one of the very biggest changes is. 00:04:46
Both local income tax. 00:04:51
The structure as we know it today will expire at the end of 2027. 00:04:53
So what that means is, you know, if you have certified chairs. 00:05:00
Economic development, local income tax, public safety, income tax, which you have all of those. 00:05:05
All of that will. 00:05:10
Fire at the end of 2027. 00:05:12
In its place is the structure that I'm showing on page 2. 00:05:15
So you. 00:05:19
As a county unit of government will be able, the County Council will be able to establish. 00:05:20
A local income tax rate of up to 1.2%. 00:05:26
For county services. 00:05:30
So that's going to take the place of your edit, your public safety and your certified chair. So what you have been paying, you 00:05:32
know, the things that you've been paying for. 00:05:36
Usually utilizing the public safety and economic development that will have to be moved to the general fund. 00:05:40
And you will need to use this county services local income tax to pay those items. 00:05:46
And we have contemplated that in this report. You will see that. Remove those things. 00:05:51
And here in a minute I will get to how much that 1.2% should generate for you. 00:05:56
As a as a governmental unit or as a county unit, I'm sorry. You can also adopt what's. 00:06:02
Fire Protection and EMS local income tax. 00:06:08
Up to .4%. 00:06:11
The distributions from that will not go to the county unit. 00:06:13
You will be required to distribute that to municipal fire departments and EMS providers. 00:06:17
And if fire territories, fire districts and if you choose also to Township fire departments and Volunteer Fire departments. 00:06:24
You may also adopt A non municipal lift. 00:06:33
That will primarily go to townships and libraries. Now some of these let's. 00:06:36
The units will need to petition you. 00:06:43
And ask you to adopt these. 00:06:45
That will primarily go to what? 00:06:48
Townships and libraries. 00:06:50
Oh, OK, now I'm going to. 00:06:52
Then there's. 00:06:54
If you are a municipality, a senior town that has a population of less than 3500. 00:06:56
Those. 00:07:02
Those entities can petition you and say hey, please adopt A lip for us. 00:07:03
Here's the kind of clutcher on that one is. 00:07:09
If you as a county unit adopt your own county, live up to 1.2%. 00:07:13
You can keep 75% of a small municipal land. I don't know why they put that in there, but basically. 00:07:18
Let's say I'm a small city or town and I come to you. Hey, we want you to adopt the small municipal land which is under 3500 00:07:25
population. 00:07:29
If you've adopted your Max. 00:07:33
You can keep 75% of that. 00:07:36
So then you're only distributing 25%? 00:07:38
To those small. 00:07:40
I don't know why that is but does the whole county everything. 00:07:43
I will explain, it kind of depends on what. 00:07:47
I can go ahead and talk about that now. 00:07:50
It depends on which lid. 00:07:52
So. 00:07:54
If it's the county services, let the entire county pay center. 00:07:55
If it is a municipal. 00:08:00
Lit that's a population over 3035 hundred or above, meaning they can adopt their own lit that will. 00:08:02
Only apply to the taxpayers within that municipality. 00:08:08
Non municipal and Fire Protection in EMS is the entire. 00:08:14
I think the entire county, so it kind of depends on where you live and in fact. 00:08:18
There's a 2.9% cap. 00:08:22
But it's based on where the taxpayers residence is located. That's what's so different than what it is now. 00:08:25
So like I could be in a larger city. 00:08:31
For town and pay in county. 00:08:34
Lift of 1.2. 00:08:37
A municipal lift of 1.2 and then some of these other like fire and EMS. 00:08:39
Non municipal but I can't exceed 2.9. 00:08:44
So it is a complex structure. 00:08:48
And we are hearing chatter that it's. 00:08:51
Possible that the legislature might do some cleanup or make some changes. 00:08:53
In the 2026 session, it remains to be seen it will be a short session. 00:08:58
But this is how we know it now. 00:09:03
So. 00:09:07
On the Fire Protection and EMS, I thought I heard you say that is a county wide. 00:09:09
It is a county wide. Yes it is so. 00:09:16
We have a fire district that has. 00:09:19
Requested .4. 00:09:22
But is that for the whole? 00:09:25
County, now it's for the whole county. However, when you distribute it out like it's charged to everybody within the county, but 00:09:27
it's distributed out based on the population of the service area. 00:09:32
So the larger the surface area of the Fire Protection district or the territory, whoever's requesting it. 00:09:37
The more they will get of that share, but every. 00:09:43
But every taxpayer in the county tax, whether they're receiving that service or not, yes. 00:09:46
Yep. 00:09:51
Whoa, OK. 00:09:53
So you won't have to worry about this, I mean. 00:09:58
It's good to think about it now, but. 00:10:01
You would adopt these new lids in 2027. You have until October 1st of 2027 to adopt them. 00:10:03
I've already had questions. Can we adopt it now? Can we adopt it early? No. 00:10:11
The way the statute is written, you cannot adopt it until 2027. 00:10:15
And you have until October 1st, 2020. 00:10:20
I'm kind of glad there was a two year delay on this because. 00:10:22
I do have a feeling there may be some tweaks to this language, I know that. 00:10:26
The state, a couple state agencies have set have said this is unworkable or this is going to be difficult. As you may be aware, 00:10:31
the Department of Revenue does not currently have numbers that shows adjusted gross income by municipality. 00:10:37
And we need that information not for you, the county unit, but if a municipality comes to you and says, hey. 00:10:45
I want the up the 3500 population and over municipal. 00:10:51
We need to know what the AGI is, the adjusted gross income. Now we can estimate it and we have been. 00:10:56
But umm. 00:11:01
It's it's very difficult to get those numbers right now. Department of Revenue is still working on it and I heard that it could be 00:11:02
2027 when they actually have all those numbers so. 00:11:07
I have one more question I'll try. 00:11:13
Keep my questions, but no, we're talking about this LIT and you said it's completely restructured. I think you're talking just 00:11:15
about the LIT. 00:11:19
Right. Local income tax, yes, But we have two other lips. Will they stay in place or do they also expire? They will expire as 00:11:23
well. 00:11:27
All current local income tax unless you have special legislation for a special purpose local income tax. 00:11:32
Your Correctional Facility will expire your. 00:11:38
Jail lit will expire. 00:11:42
OK. And I will show that in the report. 00:11:44
We've moved all those expenses over to your general fund. 00:11:46
You will be able to. 00:11:50
Fund that, at least based on my estimates here, but. 00:11:52
It's gonna be up to you what level of local income tax you want to adopt. I don't think you have to go to the 1.2%. 00:11:55
Which is fairly good news. 00:12:01
When we get to that, and again this is a model, we can work in whatever scenario you want, but. 00:12:04
It's it is looking like that's going to be enough to find. 00:12:11
All of those things I know it's hard to wrap your head around. Like, Oh my God, we got to move. 00:12:14
All those expenses to general, but. 00:12:17
That 1.2%. 00:12:20
I mean, I think you have 1% certified chairs right now, but you have to divvy it up. You're going to get to keep the home 1.2%. 00:12:22
And we don't share this with the city. You know, we're doing our public safety right now. 00:12:28
It all goes to county general fund. 00:12:34
So on page this is going so far. 00:12:38
Yeah, OK. You know, it's funny because we've been running oh, so many analysis and some counties come out winners, some counties 00:12:42
come out losers. It really kind of depends. 00:12:47
It's, you know, some counties already have a. 00:12:53
Substantially high rate and so it's kind of you know but. 00:12:56
So they have no room, right? They have no room. 00:12:59
So it it, it's been very interesting. 00:13:02
For sure. 00:13:05
So on page #3 just to give you an illustration, we wanted to show you 3 different levels of of your county services list. So let's 00:13:06
look at that first box. 00:13:11
If you would adopt one. 00:13:17
.9% remember I told you 1.2 is the Max if you just went to .9%. 00:13:18
That would generate about 27,000,000 four 72800. 00:13:25
Now compare that with what you're getting now and what. 00:13:30
Estimating and. 00:13:33
26 and 27. 00:13:34
That's about, you know, right now you're getting with all those combined 24 million, 465, that's your certified shares. 00:13:36
Public safety, economic development, judicial and correctional facilities. 00:13:43
So at .9% it more than covers what you're getting now. 00:13:48
By just a little bit more, but it does. It covers more than you're getting now. 00:13:52
If you want to go to 1%, now you're looking at 30 million. 00:13:57
525,000. 00:14:00
And if you went to the full backs? 00:14:03
That would be 36,630,000. 00:14:05
So you've got room. You have to do it in increments a point. 00:14:08
One umm. 00:14:12
We started at .9 simply because we wanted to try to get you as close to where you're at now. 00:14:13
But we could even run .8 to see where that would put you. I think that drops you below where you're at now. That's why we started 00:14:19
a .9. But. 00:14:23
You've got some room. What is our total? 00:14:26
Lip right at the moment. Yep. Oh, you're getting there. Go to the next page. Yep. 00:14:29
On page 4 you're lit right now is 1.7% and you can see how that is divvied up. 00:14:34
It is actually. 00:14:44
Actually, I think it's 1.89%. Yeah, your total it is 1.89%. I think we have a typo here, but. 00:14:46
Certified chairs is 1% Public safety .5. 00:14:52
Correctional Facility .2. 00:14:56
Don't have EMS, you do have judicial .2 and. 00:14:59
I think that's why they're off there .8 your total is 1.89%. 00:15:03
So that means. 00:15:08
The taxpayer actually gets. 00:15:10
Summer Burger. 00:15:12
Well, they're probably going to be. 00:15:13
More because I know that municipalities here probably, I mean New Albany's about 3500 population. 00:15:16
They're probably going to come. I mean, I'm not going to say properly. I don't work with them. 00:15:24
But they might want to do 1.2 so if I have a residence in New Albany. 00:15:27
I could pay 1.2 for the city, 1.2 for the county. So I'm already at 2.4 in that point. Yeah. OK. So it depends on it depends on 00:15:32
where you live. 00:15:36
The people in the county wouldn't be. 00:15:42
The county would not right the count. If you're outside of New Albany you could potentially not be, but it depends on if you guys 00:15:44
also adopt the non municipal. 00:15:50
The fire and EMS it starts adding. 00:15:56
Right and. 00:15:59
This is going to be important when we get closer to 2027 is just kind of run some scenarios to see what you all. 00:16:01
Kind of want to do. 00:16:09
Because you have a lot of authority here. I mean, yes, the municipalities 3500 and above are going to be able to adopt their own. 00:16:10
That's fine. 00:16:14
But you kind of have control of these other lits that you can adopt. 00:16:17
So it'll be important to see, you know? 00:16:22
We kind of right now are assuming that municipalities that can adopt will go to the Max. 00:16:26
They may or may not, but you can't control them. 00:16:30
But you can control the other rates. 00:16:33
Do they come to us asking for? 00:16:35
Are we up or down on that or? 00:16:40
You can adjust for the. If it's a municipality that's under 3500, you may adjust. 00:16:43
Yes. 00:16:49
But the municipalities 3500 and above you. 00:16:51
You don't have any say. 00:16:54
How do they petition? 00:16:58
They it's really just. 00:16:59
The DLTF the state has to put anything in writing yet, but I foresee this is just a written. 00:17:01
Document to probably the county auditor's office. 00:17:06
Just say, hey, we want we want this and then. 00:17:10
Presented to the Council. 00:17:13
They have to do that by July 1. 00:17:14
I'm 22/7. 00:17:17
So you're going to know, like if I were the county, I wouldn't adopt anything until I see what's being. 00:17:18
From the other entities. 00:17:25
So that box of. 00:17:31
Towards the bottom of the page just shows you again where you are at currently. You've had some good growth, but you've also been 00:17:32
adding some lids as well. 00:17:36
So of your all of your lips in 2025, again it's 24 million, 465. 00:17:41
So any other questions before I move on from that? 00:17:51
That's probably one of the biggest changes is that local income tax, but. 00:17:55
You've got some room to work with there. 00:18:00
Page #5 is circuit breaker tax. 00:18:03
So, umm. 00:18:06
Right now, in 2025. 00:18:07
You levy 12.3 million in property tax, but you only collect. 00:18:10
Or you will only collect 11.8 million. 00:18:16
And that is because about 530,000 is returned to taxpayers in the form of circuit breaker credits. 00:18:18
We do anticipate that circuit breaker credits will increase because if. 00:18:24
That assessed why you start to go down. 00:18:29
Tax rates will go up and circuit Breakers will go up. 00:18:31
We are working on a model. 00:18:35
Internally at Baker Tilly, we should have it done hopefully by the beginning of July, and we're going to start running these 00:18:38
individual components of the legislation through that model, enjoying personal bipartisan analysis. 00:18:44
So that's when I foresee maybe mid-july, we can have some updated numbers for you. 00:18:50
Right now we're using some information that we obtained from legislative services as to your potential. 00:18:54
Revenue loss due to Senate Bill One and. 00:19:01
We'll see that when we get to the cash flow schedules, but this is a working document and I do foresee some updates. 00:19:04
Coming down the road. 00:19:10
Page #6 is just if you're interested countrywide. 00:19:15
There's $5.7 million of credits returned to taxpayers. 00:19:19
In the form of those circuit Breakers and you make up about 9.2%. 00:19:25
The cities and towns make up a pretty big chop, 2.6 million in the school about 2,000,000, but you as the county unit make up 00:19:29
about 530,000. 00:19:34
Page #7. 00:19:42
Is something that. 00:19:44
You know, I think. 00:19:46
Maybe people. 00:19:48
Missed the point on this? The tax rates have actually been declining all throughout the state. 00:19:50
So I know that taxpayers are upset that their tax bills are going up, but generally speaking, tax bills are going up because. 00:19:55
Property values are going up not because tax rates are going up. 00:20:02
In this example, your tax rate has gone down, not by much, but. 00:20:07
Has gone down since 2022. 00:20:10
It's gone down by 1%. So in 2022 your tax rate was .2790. 00:20:13
It is now .2762. 00:20:19
Conversely, your net assessed value has increased 14.2% during that time period. 00:20:22
And that's really what happens. There's an inverse relationship as property values go up. 00:20:28
It takes a lesser tax rate to generate the property tax dollars that you're allowed to raise. 00:20:33
So, you know, these charts all over the state are, you know, tax rates going down, assessed values going up. 00:20:38
And so again I want to try to. 00:20:45
Do something about that misconception that every taxpayers have that you all are overspending and you're increasing your tax rates 00:20:49
because that's just not the case. And I can say that with confidence throughout the whole entire state of Indiana. 00:20:55
Its property values are interesting and that's the reason why. So that's we go back to this property tax relief and what was 00:21:01
passed in Senate and Rollback 1. 00:21:06
All those deductions are trying to bring down those property taxes. 00:21:10
Our property values. 00:21:14
So they're trying to really try to hold those property values constant. 00:21:15
So that. 00:21:20
Tax bills aren't going out. 00:21:21
But. 00:21:22
That's going to cause tax rates to go up. So we're amazed to be seeing. 00:21:23
How much relief really will be? 00:21:27
Helped by the taxpayer. 00:21:29
Page #8. 00:21:32
So on this page in the past, we've kind of combined all of your operating funds, but. 00:21:34
This time we decided to just include the. 00:21:40
Property tax supported funds because I wanted to see. 00:21:43
What was happening with the? 00:21:46
Senate and rollback one. Like, kind of. 00:21:48
Reducing your your property tax. 00:21:51
It doesn't look too bad. I mean just look through 2027. 00:21:54
You know, yes, I see a little bit of a downward decline and that is. 00:21:59
Pretty much driven by Senate and rollback one. We'll see that when we get to the cash flows. 00:22:03
But I think you have an opportunity to kind of correct the ship. 00:22:08
Starting in 2028 with the new. 00:22:12
This is. 00:22:15
This is just us putting in the .9% really, not increasing your expenditure so. 00:22:17
That might be a little over inflated, but I want you to know that, yes. 00:22:23
We expect if you spend your entire budget, you may go down a little bit. 00:22:27
But I think there again it's going to be a chance for a horse correction with at 2028 number includes the new. Yes, it does. It 00:22:31
does. That's why I'm saying I kind of just look through 20 yes, at the point I we ended up working the .9 in. 00:22:39
I didn't want to go overboard with them. 00:22:47
Yeah, yeah. And you're gonna see exactly how that affects the general fund in a second. 00:22:48
OK. So let me see how it impacts. 00:22:54
Tax. 00:22:58
The taxpayer, we can. We can do that. 00:23:00
Additional analysis where we've really dive into that. I guess I need feedback from you just see, because in order to see how it 00:23:04
affects the taxpayer, especially since it's going to be taxpayers in different locations, I need to know kind of what you're 00:23:08
thinking about adopting. Yeah, and. 00:23:13
And I guess what you have to do is take an average. 00:23:18
I don't know an average property tax. 00:23:21
All right, right. I'm sorry, an average. 00:23:24
Net assets value. 00:23:28
And apply the rate and also an average income. 00:23:30
Yeah. So what we've been doing is we look at the number of households with income. 00:23:34
And we multiply that by the median household income. That's what we're doing right now. 00:23:39
Until we get better information from the Department of Revenue for the county unit, it's pretty easy because we already know your 00:23:44
AGI. 00:23:48
That's readily available. 00:23:52
Right. If New Albany was to come and ask me, hey, what's what's our lid? I'd have to do some deeper analysis because I. 00:23:54
I'd have to try to back into the AGI, but for you all these are good estimates because I already know what your AGI is. 00:24:00
I know it. 00:24:06
So, so yeah, I thought, I think that's what I would like to see is and I think that's what. 00:24:07
Taxpayers are going Oh yeah, absolutely. What's the impact of all of this on me? Yes. 00:24:13
In the very short time, yes. 00:24:19
Absolutely. Umm. 00:24:22
I don't have this on page 9, so I'm just going to tell you I'm going to add it to the next. 00:24:24
But wheel tax has been discussed a lot. I know this county doesn't have real tax right now. 00:24:28
You if you adopted the wheel tax at the maximum rate, it would generate about $2.4 million. 00:24:34
There was proposed legislation that said you. 00:24:43
That was going to require you to adopt A wheel tax in order to get the Community Crossings grant that was thrown out. 00:24:46
But there is an opportunity to get some additional community crossings grant money if you have a real tax. So I'm just letting you 00:24:53
know that. 00:24:57
Page just just for clarification. 00:25:02
That 2.4, is that just the wheel tax or is that wheel tax and? 00:25:05
Yeah, they have to be adopted together. Real tax surtax has to be adopted together. 00:25:10
And that's the combined what is the Max rate? 00:25:15
The Max is a $50 flat fee per vehicle. 00:25:18
Is the Max. 00:25:23
Does that apply to? 00:25:23
Farm equipment. 00:25:25
Yes it does apply to farm equipment. The only equipment that doesn't apply to is like exempt vehicles like church buses, state 00:25:26
vehicles. 00:25:32
But they have to be licensed bees. 00:25:37
Yeah, they have to be there since we're in this. 00:25:39
Sidetracked her. 00:25:41
Yeah. 00:25:43
Like farm tractors, there's a whole list if it's, if it's roadworthy and if it's not registered then right, the farm trailers are 00:25:45
on the list. So it depends on do we have the opportunity to carve anything out or you can reduce the rate. Yeah, you don't have to 00:25:53
go to the market. Can we carve out? No, you cannot carve anything. 00:26:01
So I wanted to let you know that the deadline if you want to do adopted September 1st of a given year. 00:26:13
For the money to be collected the following year. 00:26:19
So we would need to do that by September. 00:26:24
For next. 00:26:26
If you wanted to do that. 00:26:28
And that extended or that bonus. 00:26:29
Community Crossings will start January 1. Well, yes, it will start next year, but we don't even know how much it's going to be 00:26:32
like, I think they're just holding that carrot out there. Like, I don't know, like if it's almost like if there is any extra then 00:26:36
you can be eligible for. 00:26:41
Like if there's no guarantee. 00:26:46
But as everything that you have right now says that if that. 00:26:48
We didn't adopt it. Next year we're still going to get the same community crisis. Oh yes, yes, your regular community crossings. 00:26:51
Yes. They they strip that out. What if we don't do $50? What if we did you 20? Yeah, we can run an analysis to see what that would 00:26:57
bring in. But yes, you don't have to go. I don't know what the right answer is. 00:27:03
25 it would get you 1.2 million. 00:27:09
Just cutting, yeah, It doesn't. 00:27:13
The IT doesn't say that you have to go to the Max, it just says you have to adopt one if you want that. 00:27:15
Extra CCMG. 00:27:22
There is any carrot? 00:27:23
Yeah, I know, right? 00:27:24
OK, so now what I'd like to do is go to page #14 So this is the general fund, but unfortunately it's divided on 2 pages because 00:27:27
it's just so big. The rest of them are only on one page. 00:27:33
I have tried to highlight the things that I think are most important in this cash back. 00:27:40
So the first thing is on line 5. 00:27:46
This is the estimated. 00:27:49
Shortfall due to the Senate in the Road Act one. 00:27:51
And it's going to start in 2026. And I want to reiterate, this is an estimate. 00:27:55
This is the information we received from. 00:28:00
The Legislative Services Agency. 00:28:02
So in 2026 what? 00:28:05
What they're basically saying is this is not a reduction of what you currently get. 00:28:07
This is if there was number Senate and rollback 1, you wouldn't get. 00:28:11
You would get 731,000 more. 00:28:16
If that makes sense. It's not a reduction of. 00:28:19
Current it's If we didn't have Senate and Rule Act 1, you wouldn't have this reduction. 00:28:22
So. 00:28:27
Then you can see it starts ramping up and it will because a lot of these things, the homestead deductions, the other deductions 00:28:28
are phased and through 2031. 00:28:33
So it does ramp up a bit as we go through 2029. We don't we're not showing until 2031 on this. 00:28:38
But I think you can expect anywhere from 732,000 to 1.1 million. 00:28:46
As the impact of Senate rolled out. 00:28:53
Once we get our model complete at Baker Tilly, we will. We will. 00:28:55
Run all those different components through there, the business personal property, the homestead deductions, all of that. 00:29:00
And see if we can. 00:29:05
See what we come up with when we go through all that. So Paige, so the number line #2 your general property tax, yes, is just 00:29:07
projected as if 4% growth. OK, 4% growth. And then you're reducing that by the impacts of this because probably those impacts will 00:29:13
by and large be the circuit breaker credit. So I do have your normal circuit breaker credits on Line 3, but I think this will be 00:29:20
in addition. 00:29:27
To that, OK. 00:29:34
I do. 00:29:35
But fortunately you will get you will get growth. 00:29:38
It'll be probably 4%. It may be a little bit higher, but you will get growth in the levy that is certified to you. But what you 00:29:41
actually collect might be a different story. 00:29:46
The next line, line 9, I don't have that. 00:29:52
Highlighted, but that's your lit certified chairs that you're currently. 00:29:55
Depositing into your general fund. So let certified shares into the general fund for. 00:30:00
2025, it's about 6.3 million. 00:30:04
Going down to line number 10 now, that is the new county chair starting in 2028. 00:30:09
And that's where we have .9% and that's the 27.4 million. 00:30:16
But. 00:30:21
OK. So you've got all that revenue coming in, but if you look at the highlighted lines on lines 35 through 38. 00:30:22
Here's all the expenses, then that you need to move into the general fund. 00:30:29
So your budget is going to go from probably somewhere around 2526 million to. 00:30:35
40 / 40 million. 00:30:42
At point. 00:30:44
Yeah, we've got the .9% as the 27,000,000 coming in for your receipts, but your budget like your? 00:30:45
Expenditures are going to increase here on the general. We're just shifting expenses. This does not have the new LIT. 00:30:52
That we just passed in here. 00:31:02
It has the public safety, yes. 00:31:04
We're trying to sit on, well, you don't, the public safety lit. 00:31:06
Is deposited into the public safety fund. It's a different. It is a different fund. 00:31:11
We have the expenditure piece moving back into this fund on line 36. So you're right, the revenue piece is showing in that 00:31:15
separate fund. 00:31:19
So kind of we got to add. 00:31:24
To get a fair look at this whole thing. 00:31:27
I think we need to. 00:31:30
For 2026 and 27. 00:31:31
Add in. 00:31:36
She added public safety, corrections, facilities, judicial law. 00:31:38
I think that's what we're doing on page number. OK, OK, you're getting, you're getting there. Well, we we've already looked at 00:31:43
that. If you look on page 4, we do have those added, but only the revenue going across, sorry, the revenues, the expense side. 00:31:50
Is in the Public Safety Fund. 00:31:58
I think Denise is saying this may be a little bit worse. We're right now we've only allocated. 00:32:02
I know, I understand that. 00:32:07
And that was going to be something on the next iteration. I mean, we've only got a million and a half of expenses in here on line 00:32:08
36. 00:32:12
We need to know kind of what your plans are I. 00:32:16
Full 6 million in there. 00:32:18
And you'd be close to being able to fund all of that, so. 00:32:21
I guess if I'm sitting here right now today. 00:32:24
I that's something I need to really consider. 00:32:28
If I. 00:32:31
I know you're getting about 6.6 million in public safety. 00:32:32
If you try to budget all of that with recurring costs, you may have a situation. 00:32:35
In 2028 you have to go above the .9%. 00:32:41
Yeah, I think we need to do that analysis now for 26 and 27, and that's what I was saying. Yeah. I mean, look, you've given us all 00:32:46
the information. I think we can do the analysis. All we have to do is add up those 4. 00:32:52
Right, five funds. 00:32:59
Yeah, onto a spreadsheet for 20/16/27. 00:33:01
I think, I think I know how to do that. 00:33:06
Well, we can all be good, I don't care. 00:33:10
Page #15 is just. 00:33:14
The rest of the county general fund I wanted to show you. 00:33:15
When we get into 28 and 29 on line 58, you do have room because you're actually adding to your cash reserves. But this is making 00:33:20
no changes to public safety low point. 00:33:25
Bring it to SO. 00:33:31
We need to run some scenarios through this model just to see. 00:33:33
Before I move on. 00:33:39
You know, we're, we're starting to get into the budget season for 2026. So I'm sorry if you can go back to page 14 on line 25. 00:33:41
We have estimated your receipts for 2026. So standing here right now without any additional information from the state, I think 00:33:49
that your budget, your. 00:33:53
Balanced budget target amount should be 24,000,000. 00:33:58
08/2. 00:34:02
But again, this could change as we get additional information from the state. 00:34:04
But I think that's important for each one of these schedules. 00:34:11
If you look at 2026. 00:34:14
And then total operating receipts. 00:34:16
That's where we think your recurring budget should land in 2026, and that doesn't have. 00:34:19
The $1,000,000 that we're planning on putting in there. 00:34:26
For Mr. Million for 2025, out of the public safety, we're going to transfer that. 00:34:29
Oh, that's going into public safety. 00:34:37
I'm sorry, that's separate. 00:34:38
Yes, I mean, if you're reducing your expenses, which I think that's what you mean, you're reducing your expenses. 00:34:40
Shifting them over to public safety, that's just only going to help this fund. But as far as what can be budgeted just out of 00:34:46
general, I would try to keep it at 24 million 08/2. 00:34:51
But he could. 00:34:56
Keep in mind, we're showing. 00:34:57
On line 42. 00:34:59
-1.2. 00:35:02
With that 24,000,000 figured in yes, but we still have. 00:35:03
Four and a half million dollars of public safety lit that we haven't. 00:35:08
Right, right. Exactly and. 00:35:11
Right, 2026 is just simply putting on a 3% growth. We don't know what your 2026. 00:35:14
That was my next question. You haven't put any of the budget. 00:35:19
No. 00:35:22
Plus literally just got released last week and had a few. 00:35:24
By your July meeting. 00:35:27
Will have a first round. 00:35:29
Budget to look at. 00:35:31
To allow you to start meeting with your. 00:35:34
Yeah, about 2026. 00:35:39
Expenditure amount is a place where we're at this point. 00:35:41
All I did was took a 3% growth off of your current charger. 00:35:43
Yeah, and we have $3,000,000. 00:35:47
I'm sorry, we have $4 million. 00:35:50
Yeah, your your cash balance at the end of 2024. 00:35:53
Was $4 million. 00:35:56
21% cash reserve. 00:35:57
Yeah, great. Yeah, yeah. 00:35:59
OK, alright. 00:36:03
Good stuff. 00:36:04
All right, so now I'm going to kind of move a little bit. 00:36:07
Fast unless you want to get more in detail by page #17 is your seated county chair. So that's a local income tax economic 00:36:10
development. 00:36:14
So for 2026, we are building in a little bit of a growth there. I think it's 2.6% because we just looked at historically you have. 00:36:19
That has been growing, so you're gonna get that the next two years before it expires. 00:36:27
So we're thinking it'll be about 4.2 million. That's on line #5 under 2026. So that's kind of your target budget if you want. 00:36:33
To match the receipts. 00:36:41
The DLGF the state will. 00:36:45
Will release estimates in July. 00:36:47
Of what they think the local income tax is going to be, and then in November they do a final certification. 00:36:51
So we'll obviously update that once we get further information. 00:36:56
From the station I did notice one thing though in 2025 that this. 00:37:00
What you have budgeted to spend, which would include some encumbrances. 00:37:05
Exceeds what we're estimating will be your revenue coming in because we know what your revenue is that's already been certified 00:37:10
so. 00:37:14
I would watch that. Keep an eye on that. You're over right now by about $33,000. 00:37:18
So. 00:37:25
Just keep that in mind. 00:37:26
As you go throughout the year. 00:37:29
As we start appropriating additional, I know right throughout the year can't really afford any additional zones here. 00:37:30
Unless you're going to reduce some. 00:37:37
We did build in all the additionals through I think. 00:37:40
I think we even built the one in that you're discussing this evening. 00:37:43
As well. 00:37:47
For knowing that you're digging into your cash reserve, yeah. 00:37:47
Absolutely, every time you approve an additional, it's coming straight out of your cash reserves. 00:37:51
Yeah, page #19 is your health. 00:37:57
Fund and. 00:38:01
What we kind of. 00:38:03
Found unusual here, or maybe not unusual but. 00:38:04
Something to note here is on line 18. 00:38:07
So in 2024. 00:38:10
The health fund spent 956,000. That's actual expenses. 00:38:12
What's what page are you on? Page 19, I'm sorry. 00:38:16
Page 19 and. 00:38:19
On line 18. 00:38:22
OK, so in 2024 this fund spent 956,000 that's actual. 00:38:24
In 2025 only 574,000 was budgeted, and if I remember correctly that's because some of it was moved to that Health First Indiana 00:38:29
fund. 00:38:34
So then that left us with thinking, OK, is that going to continue like we have in this report because it because if it is. 00:38:39
We can shift some of that levy over to the general fund. 00:38:48
We did not do that right now, but you can see. 00:38:51
That you're adding to your cash reserves by about 400,000 every year 3 to 400,000. 00:38:54
I know that they have to keep accounting match. 00:39:00
And that the county match. 00:39:03
Is 425,000 right now. Total operating receipts on the line 11 is over 900,000 so. 00:39:05
If the budget stays at about the $600,000 range, there's really too much revenue coming into this month. 00:39:12
Right. I mean, OK, so let's let's think through this a little bit. 00:39:19
Healthy What happened to the health? 00:39:24
Grant that we're coming down. Are they still in place? Yes. And until when? As far as we know, there's still a place. Until. I 00:39:29
don't know. I don't know. They're still in place. They're still in place, yes. 00:39:35
As far as I know they are, I just I just checked the website. 00:39:40
Yesterday and OK, still in place. 00:39:43
Because I so you hear the health department saying I don't know what I'm going to do after 2027. OK, Well, I think there was some 00:39:45
uncertainty in this session, but I don't think they. 00:39:50
Well. 00:39:56
Then that's fine. 00:39:57
You know, we we didn't want to move anything obviously. So we can keep it just like it is and just keep an ear out. But yeah, I do 00:39:59
remember some proposed legislation, but. 00:40:03
I don't know that anything's past. 00:40:08
But, well, I mean, I think that's good news. We'll keep an eye on it. 00:40:10
Because. 00:40:14
You know, we'll make sure. 00:40:15
Still good, but I did just. 00:40:18
I know in 2026 you're getting some. 00:40:19
Right. I think 2026 and 2027. 00:40:22
I was talking to Charlotte and she thought she was OK through 20/20. She thought that in 2027 that might be. 00:40:27
This situation, yeah, but she thought, after 27. 00:40:33
Just like all the other. 00:40:36
Well then. 00:40:40
We're just going to stay status quo right now until we we find out. 00:40:41
Anything else we could? 00:40:45
We haven't shifted anything so. 00:40:46
More to come I guess. Yes. 00:40:49
Page 21. 00:40:52
Is your local road and St. fund pretty pretty good? 00:40:53
It looks pretty good there. 00:40:57
So this is just the gas taxes. We did flatline it, but. 00:40:59
You know, umm. 00:41:04
That it could change somewhat. 00:41:05
You know, I've heard some some information that it may go down a little bit. 00:41:07
But this, you've got enough to do what you've been doing out of this fund. You ended the year with like 218,000. I don't think 00:41:11
you're going to spend all of your revenues in 2025. 00:41:16
So, umm. 00:41:21
You know, right now we're estimating about a $1.1 million. 00:41:22
This will tax go into this fund. 00:41:26
The wheel tax, if you would adopt it, actually goes into your motor vehicle highway fund. 00:41:29
Yeah, OK. 00:41:34
Unrestricted. 00:41:37
Because if you put it in the will truly be no. 00:41:38
All right. 00:41:43
Next fund is your lit Public Safety. This is your new fund on page 23. 00:41:47
And this is where. 00:41:53
You know you're certified to get 6 point, about $6.7 million of receipts coming into the fund. 00:41:55
You did just do an additional appropriation of one point almost 1.4 million for expenditures. You still have a lot more that you 00:42:02
can spend out of there. 00:42:06
So. 00:42:12
All we did was increase what you additionally appropriated by 3%. But if you could let us know maybe if you know more that you're 00:42:14
going to appropriate this year? 00:42:18
I can build that into the plan. 00:42:22
We will get with you on that. Are we, are you looking for feedback now or we're going to go through you can get, you can get back 00:42:24
on me later, yeah. 00:42:28
That goes away 27. 00:42:35
Yes. 00:42:37
Well, it goes away at the end of 2027. 00:42:39
Mm-hmm. 00:42:42
Page 25 Is the motor vehicle highway unrestricted? 00:42:46
And I don't know if you've heard about this. 00:42:50
I'm not. I don't know that I know enough to speak too much about this, but there's something about if you. 00:42:52
Meet a certain level of pacer ratings. I don't know if the highway is. 00:42:58
OK, there you go. See, I know it. 00:43:03
Then you will only need to put 4. 00:43:05
40% and you're unrestricted, do you need that? 00:43:08
Yeah, we needed. 00:43:13
So OK. 00:43:15
OK, so. 00:43:17
Motor vehicle highway distributions right now. 00:43:18
You have to put 50% and unrestricted and 50% and restricted. 00:43:21
If you meet. 00:43:27
6.5 and a pacer rating. It has something to do with Rd. ratings right? 00:43:28
Frank Reagan. 00:43:32
Rating. 00:43:35
Yes. 00:43:36
So it sounds like you need that. So what that's going to mean that in 2026 you only have to put 40% and unrestricted and 60 00:43:44
correctly, yes. 00:43:49
A row to rated high. 00:43:54
That speaks to the rest of. 00:43:58
If they drove down John. 00:44:04
You can actually set up all of our votes. 00:44:10
A periodic. 00:44:16
Everybody. 00:44:19
Everybody. 00:44:21
Periodically, some of the subdivisions. 00:44:23
He's really huge. 00:44:26
Are you working for the road department now? 00:44:31
So. 00:44:42
Page 25 is your unrestricted motor vehicle highway. 00:44:44
And actually you're doing better than a lot of counties I see because I see a lot of counties directly to be able to pay for their 00:44:48
costs because. 00:44:52
So much as being pushed over to restricted. So whatever you're doing, you're doing well because you're pushing enough over to 00:44:56
restrict it that you can the allowable cost over to restrict it that. 00:45:01
You've got, you know, you're, you're keeping up with. 00:45:06
With the costs without going. 00:45:09
Which is what we. 00:45:12
I'm sure it's a challenge, but. 00:45:15
You're keeping up with it. 00:45:17
So for that fund, we're estimating in 2026 operating receipts of 1,000,000 five 66, So that's kind of your target budget amount. 00:45:18
For 2026. 00:45:27
The next page 27. 00:45:30
Does your park non reverting fund this is? 00:45:33
The the receipts that you get in here is just Parker seats and rental. 00:45:36
So we're looking at in 2026 about 328,000. 00:45:41
In the past, historically, you. 00:45:48
Budget the while you've spent below that, so you're kind of adding to your cash reserves here, so. 00:45:50
You know, most part non recording funds, they can only spend what they can spend, like whatever they bring in, that's what they 00:45:56
spend. So this has been managed pretty well because you're not even spending what you're bringing in and and in some cases that's 00:46:03
necessary because you're saving up for a project or whatever. That's that's the case here. Yes. Yeah, so so no issues there. 00:46:10
Page 29 is your reassessment fund, so here is another property tax supported fund. 00:46:19
And you will see the estimated shortfall due to Senate and Rollback 1. 00:46:25
It's not a lot because the levy is not very much in this fund, but starting in 2026. 00:46:30
It could be a $23,000 shortfall. 00:46:35
Going up to about 35,000 by 2029. 00:46:39
The target budget for the Reassessment Fund is 285,000 now. 00:46:43
I do take note that the 2025 budget is 435,000. 00:46:49
So. 00:46:55
If that budget is needed for 2026. 00:46:56
You may have to shift property tax from your general fund over to this fund to support it now. 00:47:00
Historically, you've not spent. 00:47:06
435,000. 00:47:08
But this is one of those funds that a lot of counties. 00:47:11
You know. 00:47:14
They're shifting property tax back and forth. There may be some years where reassessment needs the additional budget. 00:47:16
So you can ship some property tax during the budget process over to reassessment, and then there's other years where you can shift 00:47:22
it back to general. 00:47:25
We just kind of. 00:47:30
Had the 4% growth on the property tax. 00:47:31
Which is burning down the cash reserve, if the budget really is. 00:47:34
For the 450,000. 00:47:38
If it's not, you're only spending about 300,000, then your property tax is fine. 00:47:40
The level of property taxes buying in this firm. 00:47:45
But I'm noting that because you do see it going negative in 2829. 00:47:48
That's simply because we just added a 3% growth on your 2025 and didn't change the property tax. 00:47:53
Page 31 is your. 00:48:02
Funds, again, this is another fund that is supported by property tax. So you do see that estimated shortfall starting in 2026 of 00:48:05
about $61,000. 00:48:11
Going up to about 92. Almost 93,000 in 2029. 00:48:17
So the target. 00:48:22
Budget level for 2026 is on line 10. There it's about 750,000. 00:48:23
Side note on that. 00:48:29
By $50,000 to the fact that our current levy rate for that. 00:48:37
Does not support your original requested budget. 00:48:43
This dropped next year. It's going to shorten the current budget that that budget. 00:48:50
$500,000. 00:48:56
And so Council will have. 00:48:58
Yeah. And I was about, I was about to say that actually, I mean, no, no, that's OK because I can tell from from the expenditures 00:49:09
in 2024 that. 00:49:13
This levy is not going to support. 00:49:18
The budget going forward? 00:49:20
So you probably will have to shift maybe 150,000 from general that levy. 00:49:22
To the spawn during the budget process. 00:49:27
And in 2025? 00:49:31
The budget as it's currently shown and with our estimates is could potentially be unfunded. I mean it remains to be seen because 00:49:33
we're we may be too conservative on our revenue estimates, but. 00:49:38
So I would watch that. 00:49:45
I mean, you probably see the cash going down. 00:49:46
In that phone. But right now it's unfunded by like. 00:49:49
$9500. 00:49:52
Page 33 is your statewide 911 fund. 00:49:58
This part is. 00:50:02
Close to balance for 2025, so the operating receipts are 611,000 for 2025. 00:50:04
We just flatline that going forward at 611,000, however. 00:50:12
Your budgets could put. 00:50:17
Potentially exceed that. 00:50:18
And so your option is that you can fund some of the expenses if you need to. 00:50:21
Some of the expenses for statewide 911 out of your general fund that is your option. 00:50:28
If you want to budget. 00:50:33
I would not put a property tax levy on this one. I would instead. 00:50:35
Just there's some things that you can find from here out of general instead, that would be the way to go. 00:50:38
Page 35 is your due. 00:50:49
Judicial local income tax. 00:50:51
We. 00:50:54
You're certified to get 1.2 million. 00:50:55
And 2025. 00:50:58
We did add on a little bit of a growth, but you're looking at 1.25 million in 2026. 00:51:00
It looks like you're budgeting about what you're getting in, so that's good. That's what we need to do. 00:51:06
And you've got a little bit of a cashier. So what's the rate that's on this judicial? What I think is .2, Let me just check 1.2 or 00:51:11
.18 and we can go point 2.2. I think it's .2 is the Max. 00:51:18
Pretty sure. 00:51:25
It's not. 00:51:27
It's 4.4. 00:51:29
0.4.1. 00:51:32
OK, we have an issue. 00:51:33
And by the way, I didn't mention this but. 00:51:37
You know you've got. 00:51:39
If you wanted to make changes to your lit, you can still do that. 00:51:41
We're still under the current structure, so. 00:51:45
Just just saying. 00:51:51
OK, umm. 00:51:52
Page 37 is your lit. 00:51:57
Correctional rehab facilities. 00:51:59
In 2025. 00:52:02
You are certified to get 6.5 million. 00:52:04
In 2026, again we built in a little bit of a growth to 6.6 million. 00:52:07
I do know that your 2025 budget appears to be unfunded. 00:52:12
If you're right on this one. 00:52:19
Huh. What's the current rate on this one? 00:52:21
So I mean you. 00:52:31
And we don't have to share with Cap. 00:52:32
Said no either of these two. 00:52:34
But remember, it does expire at the end of 20. 00:52:38
So again, you're unfunded by like a 912,000. 00:52:42
So just be aware. 00:52:47
The rest of these are just kind of small grounds. We'll quickly, quickly go through them. Page 39 rainy day, Just so you know, you 00:52:53
had 3.9 at the end of 2024 and you did. 00:52:58
Do an additional appropriation. I'm not sure what that was for me. 00:53:04
You spent some of that, which is fine. 00:53:08
Spend if you need it. 00:53:10
At the end of 2025 you should have about 2.8 million left. 00:53:14
Fund page 40 is your riverboat fund. 00:53:17
Can you when you're? 00:53:23
When you're considering your cash reserves. 00:53:25
And that percentage that you're, can you use the rainy day? 00:53:28
As part of that. 00:53:33
Calculation. 00:53:36
You can if your reserves are like 2025% in general, you really don't have to consider the rainy day because that you're already 00:53:37
where you need to be. But yeah, she. 00:53:42
That if a bond rating agency was looking at you to give you a rating, they're going to look at your rainy day. 00:53:47
In addition to what you have in general. 00:53:52
So yes, that's part of the calculation. 00:53:55
Now if you in general, if you had like a 10% cash reserve, then I would have to take. 00:53:59
Consideration because you're not even meeting the 15%. 00:54:04
But right now you're. 00:54:07
You're 20% in general. 00:54:08
So that's good. 00:54:10
OK. 00:54:12
Page 40 is your riverboat fund. We're estimating about 420,000. This one doesn't vary. 00:54:14
Too much from year to year. 00:54:20
You don't tend to spend everything that you bring in, but it's not. 00:54:23
It's not a whole lot of money. Obviously you've ended 2024 with 722,000 so. 00:54:28
Now we're getting into some of these. 00:54:36
Like page 41. 00:54:39
As far as I know, you're no longer using 5207 because Fund 5219, which is online or on page 42, took the place of that. 00:54:41
Yep. So page 42 probably is. 00:54:51
Or what we need to focus on. That's where you're paying. 00:54:53
The employee benefits so. 00:54:58
You can see that we've just. 00:55:01
Pretty much match the budget with. 00:55:03
The expenditures going out. 00:55:05
And we have the proper reserves in there, Is that right? 00:55:09
We have the proper reserves in there. 00:55:13
I mean. 00:55:16
I know that. 00:55:17
Are on trend to have spent the reserve that we have needed last year is. 00:55:21
We're not going to. 00:55:26
We've had some very large lanes process for this year. 00:55:28
Was much more. 00:55:32
We need to keep an eye on that because that's one thing that can. 00:55:39
And just bring it to our attention if there's some. 00:55:43
Yeah. And we keep the reserve for carryover claims too for. 00:55:48
The previous year. 00:55:54
Large carryovers, yeah. 00:55:58
OK, right now it's OK. 00:56:01
OK. 00:56:02
OK. Page 43 is the employee benefit special fund, the best of my knowledge, it looks like you're not using that fund anymore. 00:56:03
Thank God because. 00:56:12
Which is perfect. This has made things so much easier to understand. 00:56:17
So page 44, this interest fund, we used to have the county foundation interest going into this fund, but now it's going into 00:56:23
general. And so now you're just funding EMS out of this fund based on the other investment income that you're getting. 00:56:29
This is so much easier to review and look at and understand, at least in my opinion. 00:56:35
They are that one point. 00:56:47
For appropriation. 00:56:49
Oh, OK. 00:56:54
I'm not currently OK. 00:56:58
Yeah. 00:57:01
I remember. 00:57:02
Thank you. 00:57:06
OK, we will. 00:57:08
Correct that for the next iteration. 00:57:09
So you're not funding anything on here as of now? 00:57:12
Also OK. 00:57:16
Can you? Can you? 00:57:17
Move these funds to another fund. 00:57:19
If you. Yeah. 00:57:22
If you want these this earnings on investments, you could deposit it in the general fund. 00:57:23
Unless the council has restricted it in some way, you don't have to have this money, especially if you're not funding a budget. 00:57:31
Additional 500,000 can be. 00:57:38
This would make our Yeah. 00:57:41
We try to stay flexible. 00:57:42
Yeah. 00:57:44
I mean, however, however we should. 00:57:46
Lose track that this would make. 00:57:49
Our budget almost balanced. 00:57:52
And we told him dude he would just assign it as specificacy numbers. He. 00:57:56
Because if we take that 225 out every year, we've now got 800. 00:58:05
And then we are. 00:58:10
82 We got it for $1,000,000. 00:58:12
Hang on a second. 00:58:16
Sure. 00:58:19
Every year it's kind of like that extra. 00:58:22
And we even weave until and. 00:58:28
Decrease because we don't expect interest rates to stay where they're at. So we did build in kind of a. 00:58:31
Decrease throughout the years, but. 00:58:36
It is at least currently, some additional revenue. 00:58:38
My office is not supposed to work. 00:58:41
Yeah, I don't imagine that. 00:58:43
Page 45 is the cumulative purge fund. 00:58:50
And again, another property tax supported fund. So we're looking at an estimated shortfall due to SCA 1 and 2026 of about 50,000. 00:58:53
Going up to about 76,000 and 2029. 00:59:03
This phone kind of goes up in town depending on what your projects are. 00:59:07
But. 00:59:12
You get about, I don't know, roughly maybe. 00:59:13
500 and. 00:59:17
80 to 600,000 a year. 00:59:18
And in revenue? 00:59:21
In this one. 00:59:23
This is going to be an important one for the next couple of years. 00:59:25
The commissioners have. 00:59:29
Brought up this subject so we will be exploring this a little bit more. 00:59:31
Over the next. 00:59:37
Couple months. 00:59:39
The next fund, page 46 is your queue capital Development Fund and you just recently reestablished the rate on this fund to the 00:59:41
maximum. 00:59:45
So that's going to really. 00:59:49
Boost your revenue and this fund. 00:59:51
You're going to get about 6 to $700,000 more property tax revenue starting in 2026. 00:59:54
Because of your reestablished rate up to the maximum. 01:00:01
So each year you should get about 1.41 point $5 million of revenue in this fund. 01:00:05
And this fund can be used for any capital project improvement replacement. 01:00:12
Page 40. 01:00:20
7 is your motor vehicle highway? 01:00:21
Restricted, and this is what we were talking about before, sounds like you'll be able to put just 40%. 01:00:24
Of the monies into this phone and 60% into your non restricted so that will be good. 01:00:30
You are utilizing the SPA and I think to the best of your abilities, I mean you're shifting as much as you can to this fund. 01:00:36
Which is exactly what you need to do. 01:00:44
Because it is restricted to just construction, reconstruction and preservation of roads. So it's. 01:00:46
It's, I mean, it does have some restrictions there. 01:00:53
You can't just use it for any. 01:00:55
Page 48 is the park non reverting capital. It's the receipts are just the rental receipts not very many receipts there. I do take 01:01:02
note again though that the budget that was approved by the council under 50,000 that's. 01:01:09
There's insufficient funding there. I know this isn't. 01:01:17
Budget that is approved by DLGF, so of course they didn't. 01:01:20
Make any exceptions to it, but just know that. 01:01:24
You ended the year with about 66,000. 01:01:27
You're only gonna get probably another 23,000, so just take note of that. 01:01:30
I mean, you could only spend what you can spend out of that fund, but. 01:01:35
I wanted you to take note of that. 01:01:38
Page 49 is the Commissioners capital projects. I did not build anything in. 01:01:42
2026 through 2029 because I simply don't know if they're. 01:01:47
If they have a plan, if they do have a plan, we're happy to build that in, but. 01:01:52
It seems like. 01:01:55
They'll March up and then do some additional appropriations throughout the year. 01:01:56
At the end of the year they have 1.3. 01:02:01
Million. This is funded with the Foundation spend rate monies. 01:02:03
It looks like about 680,000 is what? 01:02:08
You got to. 01:02:11
2024 and we just flatlined that through the remaining years. 01:02:12
The last fund is on page 50 and this is your debt service fund and this debt is going to mature at the end of the year. 01:02:19
And so you do have an opportunity to reissue debt if you would like to do that? 01:02:26
So that your property tax rate for this debt doesn't fall off. 01:02:32
I don't know if you found any further discussions. I feel like wasn't it earlier this year that. 01:02:36
You were kind of looking into that, whether you wanted to do that or not. 01:02:41
I don't think we got deep into those discussions. 01:02:45
Just remember though. 01:02:48
You have to issue it before the end of the year if you want to keep that tax rate right. 01:02:50
That's a good topic of the conversation, as long as we build some good. 01:02:55
Parameters and language. 01:02:59
Around the next iteration of. 01:03:01
That's more commonly known as Bond. 01:03:04
Yes, OK. Yes. 01:03:07
The next several pages are just a description of bonds of the very last page. Page 56 is the schedule of your outstanding debt 01:03:11
currently. 01:03:15
And when the final maturity days are outflows? 01:03:20
Of those particular deaths. 01:03:23
So that was a lot of information and. 01:03:26
Pretty short period of time, but. 01:03:29
Any questions for me? 01:03:31
So how do we? 01:03:40
Move forward with different iterations. 01:03:42
We can. 01:03:46
We can have a discussion as to what you want to see. You mean for the? 01:03:48
Lid specifically. 01:03:51
First, let me tell you what our plan is for this report. 01:03:54
Again, we are working on that model. As soon as we get it done, you're in line to get updates through that. I would like to come 01:03:58
back if this is finished by mid-july and give you those efforts. 01:04:03
We can run all kinds of different iterations on the lip. 01:04:09
Just let us know kind of what you're thinking. We can. 01:04:13
You know, I think Denise was wanting the. 01:04:16
I guess. 01:04:19
Get to the taxpayer. 01:04:20
Yeah. Oh yeah. I do want that. At the one time I wrote down like 6 things that I would like to talk about. I don't know if anybody 01:04:21
else wrote down anything about that. 01:04:26
Bring them up one at a time and we'll we'll get, I don't want to take up all the time. So if somebody else has something. 01:04:31
First, quickly, we'll get a consensus. If we want to move forward, I need to understand the impact of this on the current fire 01:04:37
district vote that was taken already. 01:04:42
On the current one, the fire district. 01:04:48
The vote that was taken? 01:04:50
To form the fire district and how does this because now what I'm hearing from you is that. 01:04:53
That 40%, that 4. 01:05:01
Point forward. 01:05:04
Rate gets applied to the whole county. 01:05:07
The local income tax, yes. That fire district, that fire territory rate, Fire territory only gets applied to the fire territory 01:05:10
area. Maybe I misunderstood talking about the local income tax .4%. 01:05:17
Which can go this is completely separate yes, from the Fire Tour. Yes, it happens to be the same race. Oh, I can understand why 01:05:25
there's a I'm sorry, they're separate, but. 01:05:30
Funds could be moved, yes. 01:05:36
I don't get too deep into that. I mean, here's the fortunate thing about this new local income tax structure is that. 01:05:39
Because the district got us. 01:05:45
District because the territory got established. 01:05:48
For 27/20/27 it may reduce your local income tax shares. 01:05:51
But in 2028, it's not based on Levy anymore. 01:05:57
It's so whatever impact there is in 2027, that will not continue. 01:06:01
So that's a benefit for the carry? 01:06:06
But yes, we can. And for the schools? 01:06:08
Schools had the biggest impact, but the schools will not get local income tax starting in 2028. They're not eligible at all no 01:06:12
matter what you do. 01:06:16
Nothing. 01:06:21
So they are kind of out with us now where schools will be impacted at least by the fire district is the circuit breaker and that 01:06:23
was obviously brought into the report that we presented, but they don't. 01:06:29
They don't get any and that's to me. 01:06:36
I mean, I don't work with schools. There's people within our firm that do, and that's a concern. 01:06:39
They get. They don't get. 01:06:43
That's not their primary revenue source, but it is a revenue source for them. 01:06:47
Yeah. 01:06:52
After you said one impact to the taxpayers, I would really like to see that on an average household and that'll be county. 01:06:54
Mid-july before you have good numbers, yes, because we're going to be able to do a parcel by parcel analysis and give you that 01:07:02
impact, yes. 01:07:06
Is everybody OK with moving forward with that part? 01:07:10
Yeah, that was on my last. 01:07:12
OK. 01:07:15
See. No objections there, so we'll include that. 01:07:15
I wrote down health. 01:07:18
Department but we. 01:07:19
Kind of talk through that a little bit, I can do some more research and see if. 01:07:21
Do you just verify that that was not? 01:07:25
Yep, taken out of that topic was kind of dropped in this session. 01:07:28
Yeah, I'd like to do some more. 01:07:36
Work on and I know this is only for the next two years. 01:07:39
But on the public safety? 01:07:43
Tax that was passed because. 01:07:46
The city is getting more money than we're getting and we put that in place. 01:07:50
And there are other ways to do that. 01:07:53
And get the same. 01:07:56
Dollars that the county needs. 01:07:58
For half the impact. 01:08:01
To the. 01:08:03
Citizen. 01:08:05
So I think that. 01:08:06
If we're going to talk about. 01:08:08
A CDC which I think we need to start making lists of. 01:08:12
Everything that we need to discuss. 01:08:17
Like this is a big ball of this is a big. 01:08:19
Puzzle go by CDC but but the way that I look at it there there are several of these topics that I agree with you, but I think 01:08:22
they're more of us discussion than it is a big fertility and I agree until we get the only discussion with her is when once we 01:08:28
settle on. 01:08:34
How we're going to. 01:08:41
Move forward then we need her to run. 01:08:44
Judicial List. 01:08:49
And gel lit. 01:08:51
To the Max or. 01:08:53
And you know. 01:08:55
Several, uh. 01:08:56
Steps maybe? 01:08:57
From where we're at now, it has to go to the Max. 01:08:58
It has. In my analysis it has to go to the Max and then we reduce the public safety tax. 01:09:01
Back by that same amount, if you could give us figures on that to see. 01:09:07
How that shakes out? 01:09:12
Everybody OK with that? 01:09:13
OK. 01:09:15
And then my next thing was, you know, we need to start making a list. 01:09:17
Of all the wish list. 01:09:21
Of all the spending, but also. 01:09:23
Of. 01:09:26
Like how we're going to fund these things so you know. 01:09:29
Go, go. 01:09:33
Go bond analysis. What are we going to use it for if if we're going to do that And I think we really, really have that. 01:09:36
The commissioners weigh in on. 01:09:43
What their projects are out there that they're looking at because they've got some money hanging out here that's not even. 01:09:47
Accounted for yet? So if we're going to do more taxing, we need to understand why we're doing more taxing. 01:09:54
So hopefully we can get some. 01:10:01
Light on that? 01:10:03
Start just whiteboarding what the what the wish lists are and not just the commissioners but if there's other departments I know. 01:10:04
I think the sheriff might have some and maybe you put her putting that in the budget. 01:10:13
Well, there was some. 01:10:19
Like the the insurance or something? 01:10:22
Inmate insurance. Yeah, inmate insurance. 01:10:25
Capital year, our 10 year deal with that. 01:10:29
So you but you were looking for other ways? 01:10:33
OK, OK. 01:10:38
So let me just say. 01:10:39
We have more discussion. 01:10:41
Or questions for Baker, Tilly, or. 01:10:43
Another uh. 01:10:45
Asset that we want them to take a look at. 01:10:46
E-mail us and let's. 01:10:49
So we're not barraging them and we can kind of present. 01:10:50
One more e-mail in a group. 01:10:55
Decide and you know, well, I think we do need to start. 01:10:58
Well, Danny, I would almost say that we need to have some discussions as a. 01:11:01
Before we start going back like because I I want to, I want some discussion amongst us about the wheel tax. 01:11:05
And what does that actually look like before we go back and actually bake that into something? But I think there's several small 01:11:12
analysis I think we could do ourselves, and I think we can get some. 01:11:17
Info from. 01:11:22
The Commissioners as well. 01:11:24
What the plans are? What? 01:11:26
Funds would look like. 01:11:28
If we did it, If we don't do it. 01:11:30
Is it you know? 01:11:32
And we can incorporate that. But yeah, we're definitely going to have. 01:11:34
Some more workshops, I don't know what the number, but we've got a lot of. 01:11:38
A lot of things to. 01:11:42
Circle back around too, so. 01:11:43
But without a doubt, Paige, I would say thank you very much. This is extremely helpful. I know you guys are extremely busy dealing 01:11:45
with a lot of the state, but. 01:11:49
There was a lot in here that I wasn't even anticipating, and that's what I think it's going to lead to us having some discussions 01:11:53
first. 01:11:56
I agree, great job, page probably has about. 01:12:00
30 counties and municipalities that she alone is working on. Yes, and if it weren't for the models that they already had built, it 01:12:03
would be. It wouldn't be. 01:12:07
We didn't have to build yours from scratch, thankfully, but again, appreciate your patience. We've tried really, really hard to 01:12:11
get this to you before. 01:12:15
This meeting. 01:12:19
Thank you for the explanations. 01:12:21
Hey, you just would have gotten a lot more questions had you got, Yeah. 01:12:24
Is there any other? 01:12:28
Questions or comments before we cut Page loose so she can head back north? 01:12:29
No. All right. Thank you. Thank you. 01:12:33
So you can work on those few things. 01:12:37
Let us know if you need more information from us. 01:12:40
We'll get you everything we can. 01:12:43
And try to make sure we nail this thing down. 01:12:45
Thanks. All right. 01:12:48
Nobody has anything else. 01:12:52
Gotten about 13 minutes before our. 01:12:53
Regular meeting. 01:12:56
All right. Thank you all. 01:12:58
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Transcript

Event transcript
Sir, you cannot control yourself. 00:00:00
To this. 00:00:04
Council workshop. 00:00:06
We have beggar Tilly here. 00:00:08
To present. 00:00:10
Preliminary numbers and information for us and. 00:00:11
Umm, keep in mind as this information comes out that. 00:00:15
It may get worse over the next couple of years as well, so we'll let Paige talk about that so. 00:00:20
You want to come on up? 00:00:25
Oh. 00:00:27
Let us do the pledge real quick. Yes, please stand for the pledge of Thank you, Deb. 00:00:29
I believe we should supply. 00:00:34
United States of America. 00:00:37
To the Republic for which it stands, one nation under God. 00:00:39
Thank you. 00:00:46
All right, please proceed. 00:00:48
Thank you, and good evening, Paige Santos. 00:00:50
Silly, yes, I appreciate everyone's patience. Tried to get this to you ahead of time and. 00:00:53
Was unsuccessful in doing so. You should have gotten that this morning, but. 00:01:00
As you are probably aware, we are working with a number of counties and municipalities in the state, especially in relation to 00:01:05
Senate Enrolled Act One. 00:01:09
This is a preliminary draft. We do anticipate updates made over the next several weeks as we learn more and more about the 00:01:15
legislation, but I think this is a great place to start. I'm going to start on page one. I'm not going to go through every word in 00:01:20
detail of this report, but I am going to hit the highlights. 00:01:25
So First off, I wanted to touch base a little bit with you about the legislative session. 00:01:31
Legislative changes and Senate and Rollback 1. 00:01:37
1st. 00:01:40
Not assess values. So we've got a lot of things happening with assessed values. 00:01:41
The homestead deductions are getting restructured. So there's going to be a phase in of homestead deductions through 2031. 00:01:46
By the time we get to 2030, one 2/3 of your residential property will be a. 00:01:55
You will get a deduction for that, so you will be paying on only 1/3. 00:02:03
Of the taxable property of your residence. So that's a fairly large deduction. 00:02:07
We also have. 00:02:12
Brand new deductions on what we call 2% properties, so that would be agricultural land, long term care facilities. 00:02:14
And residential rental properties. 00:02:22
We have not had those types of deductions in the past, so this is brand new. 00:02:25
There's things that will be happening with the business personal property if it's brand new business personal property put into 00:02:30
service January 1. 00:02:35
That will be exempted from paying taxes. 00:02:40
It removes the 30% depreciation floor on other business personal properties, so. 00:02:43
All in all, with all of those different changes. 00:02:49
We do expect that either your net assessed value will go down over the next several years or the growth will be limited. 00:02:53
Because we are going to see reductions in these net assessed values. 00:03:02
Maximum levy growth. Thankfully it isn't as bad as what was proposed originally. 00:03:08
You are going to get maximum, you are going to get property tax levy growth. 00:03:14
The growth quotient is capped at 4%. 00:03:19
For 2026. 00:03:22
We expect that it will be 4%. 00:03:25
Had they not capped it, I think it would have been around 5.55 point 6%. 00:03:27
So I do think that 4% is a very good estimate to use for the maximum levy growth factor. 00:03:33
For the remaining years, 27 through 29 and even beyond that. 00:03:39
The growth factor will will have the same formula. 00:03:44
It's based on a six year average of not far personal income, which means it's tied to the economy. 00:03:47
But it is capped out at 6%. We've not have been at six. 00:03:53
Percent for many, many years. 00:03:57
So in this report, we have assumed a 4% growth over the next probably few years at least till 2031. But there is a change you need 00:04:00
to be aware of. It doesn't start until 2030, so. 00:04:07
For it when you're in 2029, repairing your 2030 budget. 00:04:14
If you want to take any growth on your property tax levy, so let's say it is a 4% growth question, if you want to take that 00:04:19
growth, you have to have an extra public hearing during the budget process. 00:04:25
But you don't have to worry about that for next year's budget, but that. 00:04:31
That's just going to add another layer of. 00:04:34
Process that we have to do for the budget. 00:04:37
Next page on page 2 here is a big change. 00:04:42
I mean, there were a lot of big changes, but this is one of the very biggest changes is. 00:04:46
Both local income tax. 00:04:51
The structure as we know it today will expire at the end of 2027. 00:04:53
So what that means is, you know, if you have certified chairs. 00:05:00
Economic development, local income tax, public safety, income tax, which you have all of those. 00:05:05
All of that will. 00:05:10
Fire at the end of 2027. 00:05:12
In its place is the structure that I'm showing on page 2. 00:05:15
So you. 00:05:19
As a county unit of government will be able, the County Council will be able to establish. 00:05:20
A local income tax rate of up to 1.2%. 00:05:26
For county services. 00:05:30
So that's going to take the place of your edit, your public safety and your certified chair. So what you have been paying, you 00:05:32
know, the things that you've been paying for. 00:05:36
Usually utilizing the public safety and economic development that will have to be moved to the general fund. 00:05:40
And you will need to use this county services local income tax to pay those items. 00:05:46
And we have contemplated that in this report. You will see that. Remove those things. 00:05:51
And here in a minute I will get to how much that 1.2% should generate for you. 00:05:56
As a as a governmental unit or as a county unit, I'm sorry. You can also adopt what's. 00:06:02
Fire Protection and EMS local income tax. 00:06:08
Up to .4%. 00:06:11
The distributions from that will not go to the county unit. 00:06:13
You will be required to distribute that to municipal fire departments and EMS providers. 00:06:17
And if fire territories, fire districts and if you choose also to Township fire departments and Volunteer Fire departments. 00:06:24
You may also adopt A non municipal lift. 00:06:33
That will primarily go to townships and libraries. Now some of these let's. 00:06:36
The units will need to petition you. 00:06:43
And ask you to adopt these. 00:06:45
That will primarily go to what? 00:06:48
Townships and libraries. 00:06:50
Oh, OK, now I'm going to. 00:06:52
Then there's. 00:06:54
If you are a municipality, a senior town that has a population of less than 3500. 00:06:56
Those. 00:07:02
Those entities can petition you and say hey, please adopt A lip for us. 00:07:03
Here's the kind of clutcher on that one is. 00:07:09
If you as a county unit adopt your own county, live up to 1.2%. 00:07:13
You can keep 75% of a small municipal land. I don't know why they put that in there, but basically. 00:07:18
Let's say I'm a small city or town and I come to you. Hey, we want you to adopt the small municipal land which is under 3500 00:07:25
population. 00:07:29
If you've adopted your Max. 00:07:33
You can keep 75% of that. 00:07:36
So then you're only distributing 25%? 00:07:38
To those small. 00:07:40
I don't know why that is but does the whole county everything. 00:07:43
I will explain, it kind of depends on what. 00:07:47
I can go ahead and talk about that now. 00:07:50
It depends on which lid. 00:07:52
So. 00:07:54
If it's the county services, let the entire county pay center. 00:07:55
If it is a municipal. 00:08:00
Lit that's a population over 3035 hundred or above, meaning they can adopt their own lit that will. 00:08:02
Only apply to the taxpayers within that municipality. 00:08:08
Non municipal and Fire Protection in EMS is the entire. 00:08:14
I think the entire county, so it kind of depends on where you live and in fact. 00:08:18
There's a 2.9% cap. 00:08:22
But it's based on where the taxpayers residence is located. That's what's so different than what it is now. 00:08:25
So like I could be in a larger city. 00:08:31
For town and pay in county. 00:08:34
Lift of 1.2. 00:08:37
A municipal lift of 1.2 and then some of these other like fire and EMS. 00:08:39
Non municipal but I can't exceed 2.9. 00:08:44
So it is a complex structure. 00:08:48
And we are hearing chatter that it's. 00:08:51
Possible that the legislature might do some cleanup or make some changes. 00:08:53
In the 2026 session, it remains to be seen it will be a short session. 00:08:58
But this is how we know it now. 00:09:03
So. 00:09:07
On the Fire Protection and EMS, I thought I heard you say that is a county wide. 00:09:09
It is a county wide. Yes it is so. 00:09:16
We have a fire district that has. 00:09:19
Requested .4. 00:09:22
But is that for the whole? 00:09:25
County, now it's for the whole county. However, when you distribute it out like it's charged to everybody within the county, but 00:09:27
it's distributed out based on the population of the service area. 00:09:32
So the larger the surface area of the Fire Protection district or the territory, whoever's requesting it. 00:09:37
The more they will get of that share, but every. 00:09:43
But every taxpayer in the county tax, whether they're receiving that service or not, yes. 00:09:46
Yep. 00:09:51
Whoa, OK. 00:09:53
So you won't have to worry about this, I mean. 00:09:58
It's good to think about it now, but. 00:10:01
You would adopt these new lids in 2027. You have until October 1st of 2027 to adopt them. 00:10:03
I've already had questions. Can we adopt it now? Can we adopt it early? No. 00:10:11
The way the statute is written, you cannot adopt it until 2027. 00:10:15
And you have until October 1st, 2020. 00:10:20
I'm kind of glad there was a two year delay on this because. 00:10:22
I do have a feeling there may be some tweaks to this language, I know that. 00:10:26
The state, a couple state agencies have set have said this is unworkable or this is going to be difficult. As you may be aware, 00:10:31
the Department of Revenue does not currently have numbers that shows adjusted gross income by municipality. 00:10:37
And we need that information not for you, the county unit, but if a municipality comes to you and says, hey. 00:10:45
I want the up the 3500 population and over municipal. 00:10:51
We need to know what the AGI is, the adjusted gross income. Now we can estimate it and we have been. 00:10:56
But umm. 00:11:01
It's it's very difficult to get those numbers right now. Department of Revenue is still working on it and I heard that it could be 00:11:02
2027 when they actually have all those numbers so. 00:11:07
I have one more question I'll try. 00:11:13
Keep my questions, but no, we're talking about this LIT and you said it's completely restructured. I think you're talking just 00:11:15
about the LIT. 00:11:19
Right. Local income tax, yes, But we have two other lips. Will they stay in place or do they also expire? They will expire as 00:11:23
well. 00:11:27
All current local income tax unless you have special legislation for a special purpose local income tax. 00:11:32
Your Correctional Facility will expire your. 00:11:38
Jail lit will expire. 00:11:42
OK. And I will show that in the report. 00:11:44
We've moved all those expenses over to your general fund. 00:11:46
You will be able to. 00:11:50
Fund that, at least based on my estimates here, but. 00:11:52
It's gonna be up to you what level of local income tax you want to adopt. I don't think you have to go to the 1.2%. 00:11:55
Which is fairly good news. 00:12:01
When we get to that, and again this is a model, we can work in whatever scenario you want, but. 00:12:04
It's it is looking like that's going to be enough to find. 00:12:11
All of those things I know it's hard to wrap your head around. Like, Oh my God, we got to move. 00:12:14
All those expenses to general, but. 00:12:17
That 1.2%. 00:12:20
I mean, I think you have 1% certified chairs right now, but you have to divvy it up. You're going to get to keep the home 1.2%. 00:12:22
And we don't share this with the city. You know, we're doing our public safety right now. 00:12:28
It all goes to county general fund. 00:12:34
So on page this is going so far. 00:12:38
Yeah, OK. You know, it's funny because we've been running oh, so many analysis and some counties come out winners, some counties 00:12:42
come out losers. It really kind of depends. 00:12:47
It's, you know, some counties already have a. 00:12:53
Substantially high rate and so it's kind of you know but. 00:12:56
So they have no room, right? They have no room. 00:12:59
So it it, it's been very interesting. 00:13:02
For sure. 00:13:05
So on page #3 just to give you an illustration, we wanted to show you 3 different levels of of your county services list. So let's 00:13:06
look at that first box. 00:13:11
If you would adopt one. 00:13:17
.9% remember I told you 1.2 is the Max if you just went to .9%. 00:13:18
That would generate about 27,000,000 four 72800. 00:13:25
Now compare that with what you're getting now and what. 00:13:30
Estimating and. 00:13:33
26 and 27. 00:13:34
That's about, you know, right now you're getting with all those combined 24 million, 465, that's your certified shares. 00:13:36
Public safety, economic development, judicial and correctional facilities. 00:13:43
So at .9% it more than covers what you're getting now. 00:13:48
By just a little bit more, but it does. It covers more than you're getting now. 00:13:52
If you want to go to 1%, now you're looking at 30 million. 00:13:57
525,000. 00:14:00
And if you went to the full backs? 00:14:03
That would be 36,630,000. 00:14:05
So you've got room. You have to do it in increments a point. 00:14:08
One umm. 00:14:12
We started at .9 simply because we wanted to try to get you as close to where you're at now. 00:14:13
But we could even run .8 to see where that would put you. I think that drops you below where you're at now. That's why we started 00:14:19
a .9. But. 00:14:23
You've got some room. What is our total? 00:14:26
Lip right at the moment. Yep. Oh, you're getting there. Go to the next page. Yep. 00:14:29
On page 4 you're lit right now is 1.7% and you can see how that is divvied up. 00:14:34
It is actually. 00:14:44
Actually, I think it's 1.89%. Yeah, your total it is 1.89%. I think we have a typo here, but. 00:14:46
Certified chairs is 1% Public safety .5. 00:14:52
Correctional Facility .2. 00:14:56
Don't have EMS, you do have judicial .2 and. 00:14:59
I think that's why they're off there .8 your total is 1.89%. 00:15:03
So that means. 00:15:08
The taxpayer actually gets. 00:15:10
Summer Burger. 00:15:12
Well, they're probably going to be. 00:15:13
More because I know that municipalities here probably, I mean New Albany's about 3500 population. 00:15:16
They're probably going to come. I mean, I'm not going to say properly. I don't work with them. 00:15:24
But they might want to do 1.2 so if I have a residence in New Albany. 00:15:27
I could pay 1.2 for the city, 1.2 for the county. So I'm already at 2.4 in that point. Yeah. OK. So it depends on it depends on 00:15:32
where you live. 00:15:36
The people in the county wouldn't be. 00:15:42
The county would not right the count. If you're outside of New Albany you could potentially not be, but it depends on if you guys 00:15:44
also adopt the non municipal. 00:15:50
The fire and EMS it starts adding. 00:15:56
Right and. 00:15:59
This is going to be important when we get closer to 2027 is just kind of run some scenarios to see what you all. 00:16:01
Kind of want to do. 00:16:09
Because you have a lot of authority here. I mean, yes, the municipalities 3500 and above are going to be able to adopt their own. 00:16:10
That's fine. 00:16:14
But you kind of have control of these other lits that you can adopt. 00:16:17
So it'll be important to see, you know? 00:16:22
We kind of right now are assuming that municipalities that can adopt will go to the Max. 00:16:26
They may or may not, but you can't control them. 00:16:30
But you can control the other rates. 00:16:33
Do they come to us asking for? 00:16:35
Are we up or down on that or? 00:16:40
You can adjust for the. If it's a municipality that's under 3500, you may adjust. 00:16:43
Yes. 00:16:49
But the municipalities 3500 and above you. 00:16:51
You don't have any say. 00:16:54
How do they petition? 00:16:58
They it's really just. 00:16:59
The DLTF the state has to put anything in writing yet, but I foresee this is just a written. 00:17:01
Document to probably the county auditor's office. 00:17:06
Just say, hey, we want we want this and then. 00:17:10
Presented to the Council. 00:17:13
They have to do that by July 1. 00:17:14
I'm 22/7. 00:17:17
So you're going to know, like if I were the county, I wouldn't adopt anything until I see what's being. 00:17:18
From the other entities. 00:17:25
So that box of. 00:17:31
Towards the bottom of the page just shows you again where you are at currently. You've had some good growth, but you've also been 00:17:32
adding some lids as well. 00:17:36
So of your all of your lips in 2025, again it's 24 million, 465. 00:17:41
So any other questions before I move on from that? 00:17:51
That's probably one of the biggest changes is that local income tax, but. 00:17:55
You've got some room to work with there. 00:18:00
Page #5 is circuit breaker tax. 00:18:03
So, umm. 00:18:06
Right now, in 2025. 00:18:07
You levy 12.3 million in property tax, but you only collect. 00:18:10
Or you will only collect 11.8 million. 00:18:16
And that is because about 530,000 is returned to taxpayers in the form of circuit breaker credits. 00:18:18
We do anticipate that circuit breaker credits will increase because if. 00:18:24
That assessed why you start to go down. 00:18:29
Tax rates will go up and circuit Breakers will go up. 00:18:31
We are working on a model. 00:18:35
Internally at Baker Tilly, we should have it done hopefully by the beginning of July, and we're going to start running these 00:18:38
individual components of the legislation through that model, enjoying personal bipartisan analysis. 00:18:44
So that's when I foresee maybe mid-july, we can have some updated numbers for you. 00:18:50
Right now we're using some information that we obtained from legislative services as to your potential. 00:18:54
Revenue loss due to Senate Bill One and. 00:19:01
We'll see that when we get to the cash flow schedules, but this is a working document and I do foresee some updates. 00:19:04
Coming down the road. 00:19:10
Page #6 is just if you're interested countrywide. 00:19:15
There's $5.7 million of credits returned to taxpayers. 00:19:19
In the form of those circuit Breakers and you make up about 9.2%. 00:19:25
The cities and towns make up a pretty big chop, 2.6 million in the school about 2,000,000, but you as the county unit make up 00:19:29
about 530,000. 00:19:34
Page #7. 00:19:42
Is something that. 00:19:44
You know, I think. 00:19:46
Maybe people. 00:19:48
Missed the point on this? The tax rates have actually been declining all throughout the state. 00:19:50
So I know that taxpayers are upset that their tax bills are going up, but generally speaking, tax bills are going up because. 00:19:55
Property values are going up not because tax rates are going up. 00:20:02
In this example, your tax rate has gone down, not by much, but. 00:20:07
Has gone down since 2022. 00:20:10
It's gone down by 1%. So in 2022 your tax rate was .2790. 00:20:13
It is now .2762. 00:20:19
Conversely, your net assessed value has increased 14.2% during that time period. 00:20:22
And that's really what happens. There's an inverse relationship as property values go up. 00:20:28
It takes a lesser tax rate to generate the property tax dollars that you're allowed to raise. 00:20:33
So, you know, these charts all over the state are, you know, tax rates going down, assessed values going up. 00:20:38
And so again I want to try to. 00:20:45
Do something about that misconception that every taxpayers have that you all are overspending and you're increasing your tax rates 00:20:49
because that's just not the case. And I can say that with confidence throughout the whole entire state of Indiana. 00:20:55
Its property values are interesting and that's the reason why. So that's we go back to this property tax relief and what was 00:21:01
passed in Senate and Rollback 1. 00:21:06
All those deductions are trying to bring down those property taxes. 00:21:10
Our property values. 00:21:14
So they're trying to really try to hold those property values constant. 00:21:15
So that. 00:21:20
Tax bills aren't going out. 00:21:21
But. 00:21:22
That's going to cause tax rates to go up. So we're amazed to be seeing. 00:21:23
How much relief really will be? 00:21:27
Helped by the taxpayer. 00:21:29
Page #8. 00:21:32
So on this page in the past, we've kind of combined all of your operating funds, but. 00:21:34
This time we decided to just include the. 00:21:40
Property tax supported funds because I wanted to see. 00:21:43
What was happening with the? 00:21:46
Senate and rollback one. Like, kind of. 00:21:48
Reducing your your property tax. 00:21:51
It doesn't look too bad. I mean just look through 2027. 00:21:54
You know, yes, I see a little bit of a downward decline and that is. 00:21:59
Pretty much driven by Senate and rollback one. We'll see that when we get to the cash flows. 00:22:03
But I think you have an opportunity to kind of correct the ship. 00:22:08
Starting in 2028 with the new. 00:22:12
This is. 00:22:15
This is just us putting in the .9% really, not increasing your expenditure so. 00:22:17
That might be a little over inflated, but I want you to know that, yes. 00:22:23
We expect if you spend your entire budget, you may go down a little bit. 00:22:27
But I think there again it's going to be a chance for a horse correction with at 2028 number includes the new. Yes, it does. It 00:22:31
does. That's why I'm saying I kind of just look through 20 yes, at the point I we ended up working the .9 in. 00:22:39
I didn't want to go overboard with them. 00:22:47
Yeah, yeah. And you're gonna see exactly how that affects the general fund in a second. 00:22:48
OK. So let me see how it impacts. 00:22:54
Tax. 00:22:58
The taxpayer, we can. We can do that. 00:23:00
Additional analysis where we've really dive into that. I guess I need feedback from you just see, because in order to see how it 00:23:04
affects the taxpayer, especially since it's going to be taxpayers in different locations, I need to know kind of what you're 00:23:08
thinking about adopting. Yeah, and. 00:23:13
And I guess what you have to do is take an average. 00:23:18
I don't know an average property tax. 00:23:21
All right, right. I'm sorry, an average. 00:23:24
Net assets value. 00:23:28
And apply the rate and also an average income. 00:23:30
Yeah. So what we've been doing is we look at the number of households with income. 00:23:34
And we multiply that by the median household income. That's what we're doing right now. 00:23:39
Until we get better information from the Department of Revenue for the county unit, it's pretty easy because we already know your 00:23:44
AGI. 00:23:48
That's readily available. 00:23:52
Right. If New Albany was to come and ask me, hey, what's what's our lid? I'd have to do some deeper analysis because I. 00:23:54
I'd have to try to back into the AGI, but for you all these are good estimates because I already know what your AGI is. 00:24:00
I know it. 00:24:06
So, so yeah, I thought, I think that's what I would like to see is and I think that's what. 00:24:07
Taxpayers are going Oh yeah, absolutely. What's the impact of all of this on me? Yes. 00:24:13
In the very short time, yes. 00:24:19
Absolutely. Umm. 00:24:22
I don't have this on page 9, so I'm just going to tell you I'm going to add it to the next. 00:24:24
But wheel tax has been discussed a lot. I know this county doesn't have real tax right now. 00:24:28
You if you adopted the wheel tax at the maximum rate, it would generate about $2.4 million. 00:24:34
There was proposed legislation that said you. 00:24:43
That was going to require you to adopt A wheel tax in order to get the Community Crossings grant that was thrown out. 00:24:46
But there is an opportunity to get some additional community crossings grant money if you have a real tax. So I'm just letting you 00:24:53
know that. 00:24:57
Page just just for clarification. 00:25:02
That 2.4, is that just the wheel tax or is that wheel tax and? 00:25:05
Yeah, they have to be adopted together. Real tax surtax has to be adopted together. 00:25:10
And that's the combined what is the Max rate? 00:25:15
The Max is a $50 flat fee per vehicle. 00:25:18
Is the Max. 00:25:23
Does that apply to? 00:25:23
Farm equipment. 00:25:25
Yes it does apply to farm equipment. The only equipment that doesn't apply to is like exempt vehicles like church buses, state 00:25:26
vehicles. 00:25:32
But they have to be licensed bees. 00:25:37
Yeah, they have to be there since we're in this. 00:25:39
Sidetracked her. 00:25:41
Yeah. 00:25:43
Like farm tractors, there's a whole list if it's, if it's roadworthy and if it's not registered then right, the farm trailers are 00:25:45
on the list. So it depends on do we have the opportunity to carve anything out or you can reduce the rate. Yeah, you don't have to 00:25:53
go to the market. Can we carve out? No, you cannot carve anything. 00:26:01
So I wanted to let you know that the deadline if you want to do adopted September 1st of a given year. 00:26:13
For the money to be collected the following year. 00:26:19
So we would need to do that by September. 00:26:24
For next. 00:26:26
If you wanted to do that. 00:26:28
And that extended or that bonus. 00:26:29
Community Crossings will start January 1. Well, yes, it will start next year, but we don't even know how much it's going to be 00:26:32
like, I think they're just holding that carrot out there. Like, I don't know, like if it's almost like if there is any extra then 00:26:36
you can be eligible for. 00:26:41
Like if there's no guarantee. 00:26:46
But as everything that you have right now says that if that. 00:26:48
We didn't adopt it. Next year we're still going to get the same community crisis. Oh yes, yes, your regular community crossings. 00:26:51
Yes. They they strip that out. What if we don't do $50? What if we did you 20? Yeah, we can run an analysis to see what that would 00:26:57
bring in. But yes, you don't have to go. I don't know what the right answer is. 00:27:03
25 it would get you 1.2 million. 00:27:09
Just cutting, yeah, It doesn't. 00:27:13
The IT doesn't say that you have to go to the Max, it just says you have to adopt one if you want that. 00:27:15
Extra CCMG. 00:27:22
There is any carrot? 00:27:23
Yeah, I know, right? 00:27:24
OK, so now what I'd like to do is go to page #14 So this is the general fund, but unfortunately it's divided on 2 pages because 00:27:27
it's just so big. The rest of them are only on one page. 00:27:33
I have tried to highlight the things that I think are most important in this cash back. 00:27:40
So the first thing is on line 5. 00:27:46
This is the estimated. 00:27:49
Shortfall due to the Senate in the Road Act one. 00:27:51
And it's going to start in 2026. And I want to reiterate, this is an estimate. 00:27:55
This is the information we received from. 00:28:00
The Legislative Services Agency. 00:28:02
So in 2026 what? 00:28:05
What they're basically saying is this is not a reduction of what you currently get. 00:28:07
This is if there was number Senate and rollback 1, you wouldn't get. 00:28:11
You would get 731,000 more. 00:28:16
If that makes sense. It's not a reduction of. 00:28:19
Current it's If we didn't have Senate and Rule Act 1, you wouldn't have this reduction. 00:28:22
So. 00:28:27
Then you can see it starts ramping up and it will because a lot of these things, the homestead deductions, the other deductions 00:28:28
are phased and through 2031. 00:28:33
So it does ramp up a bit as we go through 2029. We don't we're not showing until 2031 on this. 00:28:38
But I think you can expect anywhere from 732,000 to 1.1 million. 00:28:46
As the impact of Senate rolled out. 00:28:53
Once we get our model complete at Baker Tilly, we will. We will. 00:28:55
Run all those different components through there, the business personal property, the homestead deductions, all of that. 00:29:00
And see if we can. 00:29:05
See what we come up with when we go through all that. So Paige, so the number line #2 your general property tax, yes, is just 00:29:07
projected as if 4% growth. OK, 4% growth. And then you're reducing that by the impacts of this because probably those impacts will 00:29:13
by and large be the circuit breaker credit. So I do have your normal circuit breaker credits on Line 3, but I think this will be 00:29:20
in addition. 00:29:27
To that, OK. 00:29:34
I do. 00:29:35
But fortunately you will get you will get growth. 00:29:38
It'll be probably 4%. It may be a little bit higher, but you will get growth in the levy that is certified to you. But what you 00:29:41
actually collect might be a different story. 00:29:46
The next line, line 9, I don't have that. 00:29:52
Highlighted, but that's your lit certified chairs that you're currently. 00:29:55
Depositing into your general fund. So let certified shares into the general fund for. 00:30:00
2025, it's about 6.3 million. 00:30:04
Going down to line number 10 now, that is the new county chair starting in 2028. 00:30:09
And that's where we have .9% and that's the 27.4 million. 00:30:16
But. 00:30:21
OK. So you've got all that revenue coming in, but if you look at the highlighted lines on lines 35 through 38. 00:30:22
Here's all the expenses, then that you need to move into the general fund. 00:30:29
So your budget is going to go from probably somewhere around 2526 million to. 00:30:35
40 / 40 million. 00:30:42
At point. 00:30:44
Yeah, we've got the .9% as the 27,000,000 coming in for your receipts, but your budget like your? 00:30:45
Expenditures are going to increase here on the general. We're just shifting expenses. This does not have the new LIT. 00:30:52
That we just passed in here. 00:31:02
It has the public safety, yes. 00:31:04
We're trying to sit on, well, you don't, the public safety lit. 00:31:06
Is deposited into the public safety fund. It's a different. It is a different fund. 00:31:11
We have the expenditure piece moving back into this fund on line 36. So you're right, the revenue piece is showing in that 00:31:15
separate fund. 00:31:19
So kind of we got to add. 00:31:24
To get a fair look at this whole thing. 00:31:27
I think we need to. 00:31:30
For 2026 and 27. 00:31:31
Add in. 00:31:36
She added public safety, corrections, facilities, judicial law. 00:31:38
I think that's what we're doing on page number. OK, OK, you're getting, you're getting there. Well, we we've already looked at 00:31:43
that. If you look on page 4, we do have those added, but only the revenue going across, sorry, the revenues, the expense side. 00:31:50
Is in the Public Safety Fund. 00:31:58
I think Denise is saying this may be a little bit worse. We're right now we've only allocated. 00:32:02
I know, I understand that. 00:32:07
And that was going to be something on the next iteration. I mean, we've only got a million and a half of expenses in here on line 00:32:08
36. 00:32:12
We need to know kind of what your plans are I. 00:32:16
Full 6 million in there. 00:32:18
And you'd be close to being able to fund all of that, so. 00:32:21
I guess if I'm sitting here right now today. 00:32:24
I that's something I need to really consider. 00:32:28
If I. 00:32:31
I know you're getting about 6.6 million in public safety. 00:32:32
If you try to budget all of that with recurring costs, you may have a situation. 00:32:35
In 2028 you have to go above the .9%. 00:32:41
Yeah, I think we need to do that analysis now for 26 and 27, and that's what I was saying. Yeah. I mean, look, you've given us all 00:32:46
the information. I think we can do the analysis. All we have to do is add up those 4. 00:32:52
Right, five funds. 00:32:59
Yeah, onto a spreadsheet for 20/16/27. 00:33:01
I think, I think I know how to do that. 00:33:06
Well, we can all be good, I don't care. 00:33:10
Page #15 is just. 00:33:14
The rest of the county general fund I wanted to show you. 00:33:15
When we get into 28 and 29 on line 58, you do have room because you're actually adding to your cash reserves. But this is making 00:33:20
no changes to public safety low point. 00:33:25
Bring it to SO. 00:33:31
We need to run some scenarios through this model just to see. 00:33:33
Before I move on. 00:33:39
You know, we're, we're starting to get into the budget season for 2026. So I'm sorry if you can go back to page 14 on line 25. 00:33:41
We have estimated your receipts for 2026. So standing here right now without any additional information from the state, I think 00:33:49
that your budget, your. 00:33:53
Balanced budget target amount should be 24,000,000. 00:33:58
08/2. 00:34:02
But again, this could change as we get additional information from the state. 00:34:04
But I think that's important for each one of these schedules. 00:34:11
If you look at 2026. 00:34:14
And then total operating receipts. 00:34:16
That's where we think your recurring budget should land in 2026, and that doesn't have. 00:34:19
The $1,000,000 that we're planning on putting in there. 00:34:26
For Mr. Million for 2025, out of the public safety, we're going to transfer that. 00:34:29
Oh, that's going into public safety. 00:34:37
I'm sorry, that's separate. 00:34:38
Yes, I mean, if you're reducing your expenses, which I think that's what you mean, you're reducing your expenses. 00:34:40
Shifting them over to public safety, that's just only going to help this fund. But as far as what can be budgeted just out of 00:34:46
general, I would try to keep it at 24 million 08/2. 00:34:51
But he could. 00:34:56
Keep in mind, we're showing. 00:34:57
On line 42. 00:34:59
-1.2. 00:35:02
With that 24,000,000 figured in yes, but we still have. 00:35:03
Four and a half million dollars of public safety lit that we haven't. 00:35:08
Right, right. Exactly and. 00:35:11
Right, 2026 is just simply putting on a 3% growth. We don't know what your 2026. 00:35:14
That was my next question. You haven't put any of the budget. 00:35:19
No. 00:35:22
Plus literally just got released last week and had a few. 00:35:24
By your July meeting. 00:35:27
Will have a first round. 00:35:29
Budget to look at. 00:35:31
To allow you to start meeting with your. 00:35:34
Yeah, about 2026. 00:35:39
Expenditure amount is a place where we're at this point. 00:35:41
All I did was took a 3% growth off of your current charger. 00:35:43
Yeah, and we have $3,000,000. 00:35:47
I'm sorry, we have $4 million. 00:35:50
Yeah, your your cash balance at the end of 2024. 00:35:53
Was $4 million. 00:35:56
21% cash reserve. 00:35:57
Yeah, great. Yeah, yeah. 00:35:59
OK, alright. 00:36:03
Good stuff. 00:36:04
All right, so now I'm going to kind of move a little bit. 00:36:07
Fast unless you want to get more in detail by page #17 is your seated county chair. So that's a local income tax economic 00:36:10
development. 00:36:14
So for 2026, we are building in a little bit of a growth there. I think it's 2.6% because we just looked at historically you have. 00:36:19
That has been growing, so you're gonna get that the next two years before it expires. 00:36:27
So we're thinking it'll be about 4.2 million. That's on line #5 under 2026. So that's kind of your target budget if you want. 00:36:33
To match the receipts. 00:36:41
The DLGF the state will. 00:36:45
Will release estimates in July. 00:36:47
Of what they think the local income tax is going to be, and then in November they do a final certification. 00:36:51
So we'll obviously update that once we get further information. 00:36:56
From the station I did notice one thing though in 2025 that this. 00:37:00
What you have budgeted to spend, which would include some encumbrances. 00:37:05
Exceeds what we're estimating will be your revenue coming in because we know what your revenue is that's already been certified 00:37:10
so. 00:37:14
I would watch that. Keep an eye on that. You're over right now by about $33,000. 00:37:18
So. 00:37:25
Just keep that in mind. 00:37:26
As you go throughout the year. 00:37:29
As we start appropriating additional, I know right throughout the year can't really afford any additional zones here. 00:37:30
Unless you're going to reduce some. 00:37:37
We did build in all the additionals through I think. 00:37:40
I think we even built the one in that you're discussing this evening. 00:37:43
As well. 00:37:47
For knowing that you're digging into your cash reserve, yeah. 00:37:47
Absolutely, every time you approve an additional, it's coming straight out of your cash reserves. 00:37:51
Yeah, page #19 is your health. 00:37:57
Fund and. 00:38:01
What we kind of. 00:38:03
Found unusual here, or maybe not unusual but. 00:38:04
Something to note here is on line 18. 00:38:07
So in 2024. 00:38:10
The health fund spent 956,000. That's actual expenses. 00:38:12
What's what page are you on? Page 19, I'm sorry. 00:38:16
Page 19 and. 00:38:19
On line 18. 00:38:22
OK, so in 2024 this fund spent 956,000 that's actual. 00:38:24
In 2025 only 574,000 was budgeted, and if I remember correctly that's because some of it was moved to that Health First Indiana 00:38:29
fund. 00:38:34
So then that left us with thinking, OK, is that going to continue like we have in this report because it because if it is. 00:38:39
We can shift some of that levy over to the general fund. 00:38:48
We did not do that right now, but you can see. 00:38:51
That you're adding to your cash reserves by about 400,000 every year 3 to 400,000. 00:38:54
I know that they have to keep accounting match. 00:39:00
And that the county match. 00:39:03
Is 425,000 right now. Total operating receipts on the line 11 is over 900,000 so. 00:39:05
If the budget stays at about the $600,000 range, there's really too much revenue coming into this month. 00:39:12
Right. I mean, OK, so let's let's think through this a little bit. 00:39:19
Healthy What happened to the health? 00:39:24
Grant that we're coming down. Are they still in place? Yes. And until when? As far as we know, there's still a place. Until. I 00:39:29
don't know. I don't know. They're still in place. They're still in place, yes. 00:39:35
As far as I know they are, I just I just checked the website. 00:39:40
Yesterday and OK, still in place. 00:39:43
Because I so you hear the health department saying I don't know what I'm going to do after 2027. OK, Well, I think there was some 00:39:45
uncertainty in this session, but I don't think they. 00:39:50
Well. 00:39:56
Then that's fine. 00:39:57
You know, we we didn't want to move anything obviously. So we can keep it just like it is and just keep an ear out. But yeah, I do 00:39:59
remember some proposed legislation, but. 00:40:03
I don't know that anything's past. 00:40:08
But, well, I mean, I think that's good news. We'll keep an eye on it. 00:40:10
Because. 00:40:14
You know, we'll make sure. 00:40:15
Still good, but I did just. 00:40:18
I know in 2026 you're getting some. 00:40:19
Right. I think 2026 and 2027. 00:40:22
I was talking to Charlotte and she thought she was OK through 20/20. She thought that in 2027 that might be. 00:40:27
This situation, yeah, but she thought, after 27. 00:40:33
Just like all the other. 00:40:36
Well then. 00:40:40
We're just going to stay status quo right now until we we find out. 00:40:41
Anything else we could? 00:40:45
We haven't shifted anything so. 00:40:46
More to come I guess. Yes. 00:40:49
Page 21. 00:40:52
Is your local road and St. fund pretty pretty good? 00:40:53
It looks pretty good there. 00:40:57
So this is just the gas taxes. We did flatline it, but. 00:40:59
You know, umm. 00:41:04
That it could change somewhat. 00:41:05
You know, I've heard some some information that it may go down a little bit. 00:41:07
But this, you've got enough to do what you've been doing out of this fund. You ended the year with like 218,000. I don't think 00:41:11
you're going to spend all of your revenues in 2025. 00:41:16
So, umm. 00:41:21
You know, right now we're estimating about a $1.1 million. 00:41:22
This will tax go into this fund. 00:41:26
The wheel tax, if you would adopt it, actually goes into your motor vehicle highway fund. 00:41:29
Yeah, OK. 00:41:34
Unrestricted. 00:41:37
Because if you put it in the will truly be no. 00:41:38
All right. 00:41:43
Next fund is your lit Public Safety. This is your new fund on page 23. 00:41:47
And this is where. 00:41:53
You know you're certified to get 6 point, about $6.7 million of receipts coming into the fund. 00:41:55
You did just do an additional appropriation of one point almost 1.4 million for expenditures. You still have a lot more that you 00:42:02
can spend out of there. 00:42:06
So. 00:42:12
All we did was increase what you additionally appropriated by 3%. But if you could let us know maybe if you know more that you're 00:42:14
going to appropriate this year? 00:42:18
I can build that into the plan. 00:42:22
We will get with you on that. Are we, are you looking for feedback now or we're going to go through you can get, you can get back 00:42:24
on me later, yeah. 00:42:28
That goes away 27. 00:42:35
Yes. 00:42:37
Well, it goes away at the end of 2027. 00:42:39
Mm-hmm. 00:42:42
Page 25 Is the motor vehicle highway unrestricted? 00:42:46
And I don't know if you've heard about this. 00:42:50
I'm not. I don't know that I know enough to speak too much about this, but there's something about if you. 00:42:52
Meet a certain level of pacer ratings. I don't know if the highway is. 00:42:58
OK, there you go. See, I know it. 00:43:03
Then you will only need to put 4. 00:43:05
40% and you're unrestricted, do you need that? 00:43:08
Yeah, we needed. 00:43:13
So OK. 00:43:15
OK, so. 00:43:17
Motor vehicle highway distributions right now. 00:43:18
You have to put 50% and unrestricted and 50% and restricted. 00:43:21
If you meet. 00:43:27
6.5 and a pacer rating. It has something to do with Rd. ratings right? 00:43:28
Frank Reagan. 00:43:32
Rating. 00:43:35
Yes. 00:43:36
So it sounds like you need that. So what that's going to mean that in 2026 you only have to put 40% and unrestricted and 60 00:43:44
correctly, yes. 00:43:49
A row to rated high. 00:43:54
That speaks to the rest of. 00:43:58
If they drove down John. 00:44:04
You can actually set up all of our votes. 00:44:10
A periodic. 00:44:16
Everybody. 00:44:19
Everybody. 00:44:21
Periodically, some of the subdivisions. 00:44:23
He's really huge. 00:44:26
Are you working for the road department now? 00:44:31
So. 00:44:42
Page 25 is your unrestricted motor vehicle highway. 00:44:44
And actually you're doing better than a lot of counties I see because I see a lot of counties directly to be able to pay for their 00:44:48
costs because. 00:44:52
So much as being pushed over to restricted. So whatever you're doing, you're doing well because you're pushing enough over to 00:44:56
restrict it that you can the allowable cost over to restrict it that. 00:45:01
You've got, you know, you're, you're keeping up with. 00:45:06
With the costs without going. 00:45:09
Which is what we. 00:45:12
I'm sure it's a challenge, but. 00:45:15
You're keeping up with it. 00:45:17
So for that fund, we're estimating in 2026 operating receipts of 1,000,000 five 66, So that's kind of your target budget amount. 00:45:18
For 2026. 00:45:27
The next page 27. 00:45:30
Does your park non reverting fund this is? 00:45:33
The the receipts that you get in here is just Parker seats and rental. 00:45:36
So we're looking at in 2026 about 328,000. 00:45:41
In the past, historically, you. 00:45:48
Budget the while you've spent below that, so you're kind of adding to your cash reserves here, so. 00:45:50
You know, most part non recording funds, they can only spend what they can spend, like whatever they bring in, that's what they 00:45:56
spend. So this has been managed pretty well because you're not even spending what you're bringing in and and in some cases that's 00:46:03
necessary because you're saving up for a project or whatever. That's that's the case here. Yes. Yeah, so so no issues there. 00:46:10
Page 29 is your reassessment fund, so here is another property tax supported fund. 00:46:19
And you will see the estimated shortfall due to Senate and Rollback 1. 00:46:25
It's not a lot because the levy is not very much in this fund, but starting in 2026. 00:46:30
It could be a $23,000 shortfall. 00:46:35
Going up to about 35,000 by 2029. 00:46:39
The target budget for the Reassessment Fund is 285,000 now. 00:46:43
I do take note that the 2025 budget is 435,000. 00:46:49
So. 00:46:55
If that budget is needed for 2026. 00:46:56
You may have to shift property tax from your general fund over to this fund to support it now. 00:47:00
Historically, you've not spent. 00:47:06
435,000. 00:47:08
But this is one of those funds that a lot of counties. 00:47:11
You know. 00:47:14
They're shifting property tax back and forth. There may be some years where reassessment needs the additional budget. 00:47:16
So you can ship some property tax during the budget process over to reassessment, and then there's other years where you can shift 00:47:22
it back to general. 00:47:25
We just kind of. 00:47:30
Had the 4% growth on the property tax. 00:47:31
Which is burning down the cash reserve, if the budget really is. 00:47:34
For the 450,000. 00:47:38
If it's not, you're only spending about 300,000, then your property tax is fine. 00:47:40
The level of property taxes buying in this firm. 00:47:45
But I'm noting that because you do see it going negative in 2829. 00:47:48
That's simply because we just added a 3% growth on your 2025 and didn't change the property tax. 00:47:53
Page 31 is your. 00:48:02
Funds, again, this is another fund that is supported by property tax. So you do see that estimated shortfall starting in 2026 of 00:48:05
about $61,000. 00:48:11
Going up to about 92. Almost 93,000 in 2029. 00:48:17
So the target. 00:48:22
Budget level for 2026 is on line 10. There it's about 750,000. 00:48:23
Side note on that. 00:48:29
By $50,000 to the fact that our current levy rate for that. 00:48:37
Does not support your original requested budget. 00:48:43
This dropped next year. It's going to shorten the current budget that that budget. 00:48:50
$500,000. 00:48:56
And so Council will have. 00:48:58
Yeah. And I was about, I was about to say that actually, I mean, no, no, that's OK because I can tell from from the expenditures 00:49:09
in 2024 that. 00:49:13
This levy is not going to support. 00:49:18
The budget going forward? 00:49:20
So you probably will have to shift maybe 150,000 from general that levy. 00:49:22
To the spawn during the budget process. 00:49:27
And in 2025? 00:49:31
The budget as it's currently shown and with our estimates is could potentially be unfunded. I mean it remains to be seen because 00:49:33
we're we may be too conservative on our revenue estimates, but. 00:49:38
So I would watch that. 00:49:45
I mean, you probably see the cash going down. 00:49:46
In that phone. But right now it's unfunded by like. 00:49:49
$9500. 00:49:52
Page 33 is your statewide 911 fund. 00:49:58
This part is. 00:50:02
Close to balance for 2025, so the operating receipts are 611,000 for 2025. 00:50:04
We just flatline that going forward at 611,000, however. 00:50:12
Your budgets could put. 00:50:17
Potentially exceed that. 00:50:18
And so your option is that you can fund some of the expenses if you need to. 00:50:21
Some of the expenses for statewide 911 out of your general fund that is your option. 00:50:28
If you want to budget. 00:50:33
I would not put a property tax levy on this one. I would instead. 00:50:35
Just there's some things that you can find from here out of general instead, that would be the way to go. 00:50:38
Page 35 is your due. 00:50:49
Judicial local income tax. 00:50:51
We. 00:50:54
You're certified to get 1.2 million. 00:50:55
And 2025. 00:50:58
We did add on a little bit of a growth, but you're looking at 1.25 million in 2026. 00:51:00
It looks like you're budgeting about what you're getting in, so that's good. That's what we need to do. 00:51:06
And you've got a little bit of a cashier. So what's the rate that's on this judicial? What I think is .2, Let me just check 1.2 or 00:51:11
.18 and we can go point 2.2. I think it's .2 is the Max. 00:51:18
Pretty sure. 00:51:25
It's not. 00:51:27
It's 4.4. 00:51:29
0.4.1. 00:51:32
OK, we have an issue. 00:51:33
And by the way, I didn't mention this but. 00:51:37
You know you've got. 00:51:39
If you wanted to make changes to your lit, you can still do that. 00:51:41
We're still under the current structure, so. 00:51:45
Just just saying. 00:51:51
OK, umm. 00:51:52
Page 37 is your lit. 00:51:57
Correctional rehab facilities. 00:51:59
In 2025. 00:52:02
You are certified to get 6.5 million. 00:52:04
In 2026, again we built in a little bit of a growth to 6.6 million. 00:52:07
I do know that your 2025 budget appears to be unfunded. 00:52:12
If you're right on this one. 00:52:19
Huh. What's the current rate on this one? 00:52:21
So I mean you. 00:52:31
And we don't have to share with Cap. 00:52:32
Said no either of these two. 00:52:34
But remember, it does expire at the end of 20. 00:52:38
So again, you're unfunded by like a 912,000. 00:52:42
So just be aware. 00:52:47
The rest of these are just kind of small grounds. We'll quickly, quickly go through them. Page 39 rainy day, Just so you know, you 00:52:53
had 3.9 at the end of 2024 and you did. 00:52:58
Do an additional appropriation. I'm not sure what that was for me. 00:53:04
You spent some of that, which is fine. 00:53:08
Spend if you need it. 00:53:10
At the end of 2025 you should have about 2.8 million left. 00:53:14
Fund page 40 is your riverboat fund. 00:53:17
Can you when you're? 00:53:23
When you're considering your cash reserves. 00:53:25
And that percentage that you're, can you use the rainy day? 00:53:28
As part of that. 00:53:33
Calculation. 00:53:36
You can if your reserves are like 2025% in general, you really don't have to consider the rainy day because that you're already 00:53:37
where you need to be. But yeah, she. 00:53:42
That if a bond rating agency was looking at you to give you a rating, they're going to look at your rainy day. 00:53:47
In addition to what you have in general. 00:53:52
So yes, that's part of the calculation. 00:53:55
Now if you in general, if you had like a 10% cash reserve, then I would have to take. 00:53:59
Consideration because you're not even meeting the 15%. 00:54:04
But right now you're. 00:54:07
You're 20% in general. 00:54:08
So that's good. 00:54:10
OK. 00:54:12
Page 40 is your riverboat fund. We're estimating about 420,000. This one doesn't vary. 00:54:14
Too much from year to year. 00:54:20
You don't tend to spend everything that you bring in, but it's not. 00:54:23
It's not a whole lot of money. Obviously you've ended 2024 with 722,000 so. 00:54:28
Now we're getting into some of these. 00:54:36
Like page 41. 00:54:39
As far as I know, you're no longer using 5207 because Fund 5219, which is online or on page 42, took the place of that. 00:54:41
Yep. So page 42 probably is. 00:54:51
Or what we need to focus on. That's where you're paying. 00:54:53
The employee benefits so. 00:54:58
You can see that we've just. 00:55:01
Pretty much match the budget with. 00:55:03
The expenditures going out. 00:55:05
And we have the proper reserves in there, Is that right? 00:55:09
We have the proper reserves in there. 00:55:13
I mean. 00:55:16
I know that. 00:55:17
Are on trend to have spent the reserve that we have needed last year is. 00:55:21
We're not going to. 00:55:26
We've had some very large lanes process for this year. 00:55:28
Was much more. 00:55:32
We need to keep an eye on that because that's one thing that can. 00:55:39
And just bring it to our attention if there's some. 00:55:43
Yeah. And we keep the reserve for carryover claims too for. 00:55:48
The previous year. 00:55:54
Large carryovers, yeah. 00:55:58
OK, right now it's OK. 00:56:01
OK. 00:56:02
OK. Page 43 is the employee benefit special fund, the best of my knowledge, it looks like you're not using that fund anymore. 00:56:03
Thank God because. 00:56:12
Which is perfect. This has made things so much easier to understand. 00:56:17
So page 44, this interest fund, we used to have the county foundation interest going into this fund, but now it's going into 00:56:23
general. And so now you're just funding EMS out of this fund based on the other investment income that you're getting. 00:56:29
This is so much easier to review and look at and understand, at least in my opinion. 00:56:35
They are that one point. 00:56:47
For appropriation. 00:56:49
Oh, OK. 00:56:54
I'm not currently OK. 00:56:58
Yeah. 00:57:01
I remember. 00:57:02
Thank you. 00:57:06
OK, we will. 00:57:08
Correct that for the next iteration. 00:57:09
So you're not funding anything on here as of now? 00:57:12
Also OK. 00:57:16
Can you? Can you? 00:57:17
Move these funds to another fund. 00:57:19
If you. Yeah. 00:57:22
If you want these this earnings on investments, you could deposit it in the general fund. 00:57:23
Unless the council has restricted it in some way, you don't have to have this money, especially if you're not funding a budget. 00:57:31
Additional 500,000 can be. 00:57:38
This would make our Yeah. 00:57:41
We try to stay flexible. 00:57:42
Yeah. 00:57:44
I mean, however, however we should. 00:57:46
Lose track that this would make. 00:57:49
Our budget almost balanced. 00:57:52
And we told him dude he would just assign it as specificacy numbers. He. 00:57:56
Because if we take that 225 out every year, we've now got 800. 00:58:05
And then we are. 00:58:10
82 We got it for $1,000,000. 00:58:12
Hang on a second. 00:58:16
Sure. 00:58:19
Every year it's kind of like that extra. 00:58:22
And we even weave until and. 00:58:28
Decrease because we don't expect interest rates to stay where they're at. So we did build in kind of a. 00:58:31
Decrease throughout the years, but. 00:58:36
It is at least currently, some additional revenue. 00:58:38
My office is not supposed to work. 00:58:41
Yeah, I don't imagine that. 00:58:43
Page 45 is the cumulative purge fund. 00:58:50
And again, another property tax supported fund. So we're looking at an estimated shortfall due to SCA 1 and 2026 of about 50,000. 00:58:53
Going up to about 76,000 and 2029. 00:59:03
This phone kind of goes up in town depending on what your projects are. 00:59:07
But. 00:59:12
You get about, I don't know, roughly maybe. 00:59:13
500 and. 00:59:17
80 to 600,000 a year. 00:59:18
And in revenue? 00:59:21
In this one. 00:59:23
This is going to be an important one for the next couple of years. 00:59:25
The commissioners have. 00:59:29
Brought up this subject so we will be exploring this a little bit more. 00:59:31
Over the next. 00:59:37
Couple months. 00:59:39
The next fund, page 46 is your queue capital Development Fund and you just recently reestablished the rate on this fund to the 00:59:41
maximum. 00:59:45
So that's going to really. 00:59:49
Boost your revenue and this fund. 00:59:51
You're going to get about 6 to $700,000 more property tax revenue starting in 2026. 00:59:54
Because of your reestablished rate up to the maximum. 01:00:01
So each year you should get about 1.41 point $5 million of revenue in this fund. 01:00:05
And this fund can be used for any capital project improvement replacement. 01:00:12
Page 40. 01:00:20
7 is your motor vehicle highway? 01:00:21
Restricted, and this is what we were talking about before, sounds like you'll be able to put just 40%. 01:00:24
Of the monies into this phone and 60% into your non restricted so that will be good. 01:00:30
You are utilizing the SPA and I think to the best of your abilities, I mean you're shifting as much as you can to this fund. 01:00:36
Which is exactly what you need to do. 01:00:44
Because it is restricted to just construction, reconstruction and preservation of roads. So it's. 01:00:46
It's, I mean, it does have some restrictions there. 01:00:53
You can't just use it for any. 01:00:55
Page 48 is the park non reverting capital. It's the receipts are just the rental receipts not very many receipts there. I do take 01:01:02
note again though that the budget that was approved by the council under 50,000 that's. 01:01:09
There's insufficient funding there. I know this isn't. 01:01:17
Budget that is approved by DLGF, so of course they didn't. 01:01:20
Make any exceptions to it, but just know that. 01:01:24
You ended the year with about 66,000. 01:01:27
You're only gonna get probably another 23,000, so just take note of that. 01:01:30
I mean, you could only spend what you can spend out of that fund, but. 01:01:35
I wanted you to take note of that. 01:01:38
Page 49 is the Commissioners capital projects. I did not build anything in. 01:01:42
2026 through 2029 because I simply don't know if they're. 01:01:47
If they have a plan, if they do have a plan, we're happy to build that in, but. 01:01:52
It seems like. 01:01:55
They'll March up and then do some additional appropriations throughout the year. 01:01:56
At the end of the year they have 1.3. 01:02:01
Million. This is funded with the Foundation spend rate monies. 01:02:03
It looks like about 680,000 is what? 01:02:08
You got to. 01:02:11
2024 and we just flatlined that through the remaining years. 01:02:12
The last fund is on page 50 and this is your debt service fund and this debt is going to mature at the end of the year. 01:02:19
And so you do have an opportunity to reissue debt if you would like to do that? 01:02:26
So that your property tax rate for this debt doesn't fall off. 01:02:32
I don't know if you found any further discussions. I feel like wasn't it earlier this year that. 01:02:36
You were kind of looking into that, whether you wanted to do that or not. 01:02:41
I don't think we got deep into those discussions. 01:02:45
Just remember though. 01:02:48
You have to issue it before the end of the year if you want to keep that tax rate right. 01:02:50
That's a good topic of the conversation, as long as we build some good. 01:02:55
Parameters and language. 01:02:59
Around the next iteration of. 01:03:01
That's more commonly known as Bond. 01:03:04
Yes, OK. Yes. 01:03:07
The next several pages are just a description of bonds of the very last page. Page 56 is the schedule of your outstanding debt 01:03:11
currently. 01:03:15
And when the final maturity days are outflows? 01:03:20
Of those particular deaths. 01:03:23
So that was a lot of information and. 01:03:26
Pretty short period of time, but. 01:03:29
Any questions for me? 01:03:31
So how do we? 01:03:40
Move forward with different iterations. 01:03:42
We can. 01:03:46
We can have a discussion as to what you want to see. You mean for the? 01:03:48
Lid specifically. 01:03:51
First, let me tell you what our plan is for this report. 01:03:54
Again, we are working on that model. As soon as we get it done, you're in line to get updates through that. I would like to come 01:03:58
back if this is finished by mid-july and give you those efforts. 01:04:03
We can run all kinds of different iterations on the lip. 01:04:09
Just let us know kind of what you're thinking. We can. 01:04:13
You know, I think Denise was wanting the. 01:04:16
I guess. 01:04:19
Get to the taxpayer. 01:04:20
Yeah. Oh yeah. I do want that. At the one time I wrote down like 6 things that I would like to talk about. I don't know if anybody 01:04:21
else wrote down anything about that. 01:04:26
Bring them up one at a time and we'll we'll get, I don't want to take up all the time. So if somebody else has something. 01:04:31
First, quickly, we'll get a consensus. If we want to move forward, I need to understand the impact of this on the current fire 01:04:37
district vote that was taken already. 01:04:42
On the current one, the fire district. 01:04:48
The vote that was taken? 01:04:50
To form the fire district and how does this because now what I'm hearing from you is that. 01:04:53
That 40%, that 4. 01:05:01
Point forward. 01:05:04
Rate gets applied to the whole county. 01:05:07
The local income tax, yes. That fire district, that fire territory rate, Fire territory only gets applied to the fire territory 01:05:10
area. Maybe I misunderstood talking about the local income tax .4%. 01:05:17
Which can go this is completely separate yes, from the Fire Tour. Yes, it happens to be the same race. Oh, I can understand why 01:05:25
there's a I'm sorry, they're separate, but. 01:05:30
Funds could be moved, yes. 01:05:36
I don't get too deep into that. I mean, here's the fortunate thing about this new local income tax structure is that. 01:05:39
Because the district got us. 01:05:45
District because the territory got established. 01:05:48
For 27/20/27 it may reduce your local income tax shares. 01:05:51
But in 2028, it's not based on Levy anymore. 01:05:57
It's so whatever impact there is in 2027, that will not continue. 01:06:01
So that's a benefit for the carry? 01:06:06
But yes, we can. And for the schools? 01:06:08
Schools had the biggest impact, but the schools will not get local income tax starting in 2028. They're not eligible at all no 01:06:12
matter what you do. 01:06:16
Nothing. 01:06:21
So they are kind of out with us now where schools will be impacted at least by the fire district is the circuit breaker and that 01:06:23
was obviously brought into the report that we presented, but they don't. 01:06:29
They don't get any and that's to me. 01:06:36
I mean, I don't work with schools. There's people within our firm that do, and that's a concern. 01:06:39
They get. They don't get. 01:06:43
That's not their primary revenue source, but it is a revenue source for them. 01:06:47
Yeah. 01:06:52
After you said one impact to the taxpayers, I would really like to see that on an average household and that'll be county. 01:06:54
Mid-july before you have good numbers, yes, because we're going to be able to do a parcel by parcel analysis and give you that 01:07:02
impact, yes. 01:07:06
Is everybody OK with moving forward with that part? 01:07:10
Yeah, that was on my last. 01:07:12
OK. 01:07:15
See. No objections there, so we'll include that. 01:07:15
I wrote down health. 01:07:18
Department but we. 01:07:19
Kind of talk through that a little bit, I can do some more research and see if. 01:07:21
Do you just verify that that was not? 01:07:25
Yep, taken out of that topic was kind of dropped in this session. 01:07:28
Yeah, I'd like to do some more. 01:07:36
Work on and I know this is only for the next two years. 01:07:39
But on the public safety? 01:07:43
Tax that was passed because. 01:07:46
The city is getting more money than we're getting and we put that in place. 01:07:50
And there are other ways to do that. 01:07:53
And get the same. 01:07:56
Dollars that the county needs. 01:07:58
For half the impact. 01:08:01
To the. 01:08:03
Citizen. 01:08:05
So I think that. 01:08:06
If we're going to talk about. 01:08:08
A CDC which I think we need to start making lists of. 01:08:12
Everything that we need to discuss. 01:08:17
Like this is a big ball of this is a big. 01:08:19
Puzzle go by CDC but but the way that I look at it there there are several of these topics that I agree with you, but I think 01:08:22
they're more of us discussion than it is a big fertility and I agree until we get the only discussion with her is when once we 01:08:28
settle on. 01:08:34
How we're going to. 01:08:41
Move forward then we need her to run. 01:08:44
Judicial List. 01:08:49
And gel lit. 01:08:51
To the Max or. 01:08:53
And you know. 01:08:55
Several, uh. 01:08:56
Steps maybe? 01:08:57
From where we're at now, it has to go to the Max. 01:08:58
It has. In my analysis it has to go to the Max and then we reduce the public safety tax. 01:09:01
Back by that same amount, if you could give us figures on that to see. 01:09:07
How that shakes out? 01:09:12
Everybody OK with that? 01:09:13
OK. 01:09:15
And then my next thing was, you know, we need to start making a list. 01:09:17
Of all the wish list. 01:09:21
Of all the spending, but also. 01:09:23
Of. 01:09:26
Like how we're going to fund these things so you know. 01:09:29
Go, go. 01:09:33
Go bond analysis. What are we going to use it for if if we're going to do that And I think we really, really have that. 01:09:36
The commissioners weigh in on. 01:09:43
What their projects are out there that they're looking at because they've got some money hanging out here that's not even. 01:09:47
Accounted for yet? So if we're going to do more taxing, we need to understand why we're doing more taxing. 01:09:54
So hopefully we can get some. 01:10:01
Light on that? 01:10:03
Start just whiteboarding what the what the wish lists are and not just the commissioners but if there's other departments I know. 01:10:04
I think the sheriff might have some and maybe you put her putting that in the budget. 01:10:13
Well, there was some. 01:10:19
Like the the insurance or something? 01:10:22
Inmate insurance. Yeah, inmate insurance. 01:10:25
Capital year, our 10 year deal with that. 01:10:29
So you but you were looking for other ways? 01:10:33
OK, OK. 01:10:38
So let me just say. 01:10:39
We have more discussion. 01:10:41
Or questions for Baker, Tilly, or. 01:10:43
Another uh. 01:10:45
Asset that we want them to take a look at. 01:10:46
E-mail us and let's. 01:10:49
So we're not barraging them and we can kind of present. 01:10:50
One more e-mail in a group. 01:10:55
Decide and you know, well, I think we do need to start. 01:10:58
Well, Danny, I would almost say that we need to have some discussions as a. 01:11:01
Before we start going back like because I I want to, I want some discussion amongst us about the wheel tax. 01:11:05
And what does that actually look like before we go back and actually bake that into something? But I think there's several small 01:11:12
analysis I think we could do ourselves, and I think we can get some. 01:11:17
Info from. 01:11:22
The Commissioners as well. 01:11:24
What the plans are? What? 01:11:26
Funds would look like. 01:11:28
If we did it, If we don't do it. 01:11:30
Is it you know? 01:11:32
And we can incorporate that. But yeah, we're definitely going to have. 01:11:34
Some more workshops, I don't know what the number, but we've got a lot of. 01:11:38
A lot of things to. 01:11:42
Circle back around too, so. 01:11:43
But without a doubt, Paige, I would say thank you very much. This is extremely helpful. I know you guys are extremely busy dealing 01:11:45
with a lot of the state, but. 01:11:49
There was a lot in here that I wasn't even anticipating, and that's what I think it's going to lead to us having some discussions 01:11:53
first. 01:11:56
I agree, great job, page probably has about. 01:12:00
30 counties and municipalities that she alone is working on. Yes, and if it weren't for the models that they already had built, it 01:12:03
would be. It wouldn't be. 01:12:07
We didn't have to build yours from scratch, thankfully, but again, appreciate your patience. We've tried really, really hard to 01:12:11
get this to you before. 01:12:15
This meeting. 01:12:19
Thank you for the explanations. 01:12:21
Hey, you just would have gotten a lot more questions had you got, Yeah. 01:12:24
Is there any other? 01:12:28
Questions or comments before we cut Page loose so she can head back north? 01:12:29
No. All right. Thank you. Thank you. 01:12:33
So you can work on those few things. 01:12:37
Let us know if you need more information from us. 01:12:40
We'll get you everything we can. 01:12:43
And try to make sure we nail this thing down. 01:12:45
Thanks. All right. 01:12:48
Nobody has anything else. 01:12:52
Gotten about 13 minutes before our. 01:12:53
Regular meeting. 01:12:56
All right. Thank you all. 01:12:58