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Event transcript
Good evening. 00:00:03
Thank you for coming back. 00:00:04
Much appreciated. 00:00:06
So I did hand out a couple of things this evening for you. 00:00:08
Hang on just a second, I. 00:00:13
All right, so the first thing I want to talk about really quick is I just gave you a summary of what I emailed to you. 00:00:22
And I just wanted to kind of summarize where we left off at the last meeting. 00:00:29
So where we left off? So I'm looking at this sheet right here. 00:00:34
Where we left off is there were two scenarios 1. 00:00:37
Scenario one, which is kind of in the middle of the page is. 00:00:41
A county unit lit rate of 0.6%. 00:00:45
A municipal county wide rate of 1.03. 00:00:48
A Township rate of .01%. 00:00:53
A library rate of .04%. 00:00:56
A special district rate of .04%. 00:00:59
A school rate of .08% and a fire and EMS rate of point. 00:01:02
4% all of those totaled a 2.20. 00:01:07
And everyone in the county under scenario one would pay that rate 2.20. 00:01:12
And just as a reminder, your current rate is 1.89%. 00:01:17
Scenario 2 is if the city of New Albany opts out and adopts their own rate. 00:01:22
So that would be. 00:01:27
UM for the City of New Albany residents. 00:01:29
All the other rates would be the same except for. 00:01:34
The city. 00:01:36
Rate would be 1.20 at the Max. That's just what we have in the scenario. 00:01:38
So residents of the City of New Albany would pay 2.37%. 00:01:43
Res All other residents would pay 1.33%. 00:01:48
And that would include a different. 00:01:53
Municipal rate of 0.16%. 00:01:55
So again, we've got. 00:02:00
Scenario one 2.20% for all county residents. Scenario 2 is. 00:02:01
2.37% for the City of New Albany residents and 1.33% for everyone else. 00:02:07
I also have included. 00:02:14
The taxpayer impact, which is this page. 00:02:16
And again. 00:02:21
This is just a summary of what we discussed last time, so under. 00:02:22
Scenario one. 00:02:26
You can see that. 00:02:28
The 2.20%, the increases are shown at the bottom of the page. So we're looking at if you look at a $79,000 adjusted gross income, 00:02:30
which is the average adjusted gross income in this county. 00:02:37
A taxpayer would pay. 00:02:44
About $20 more a month. 00:02:46
Or $245 for the year. 00:02:48
Umm. Under the. 00:02:52
Second rate, which I don't. 00:02:54
Think this is. 00:02:56
Right now that I'm looking at it. 00:02:58
It's not. I think this is from the scenario we're going to run tonight. 00:03:00
We're gonna have to show it up on the screen. I'm sorry. I apologize. 00:03:03
Umm. And then also something else I've handed out is. 00:03:08
The estimated property tax credit so this was asked of us last time because. 00:03:15
You do want to know kind of how. 00:03:21
Senate Enrolled Act is going. 00:03:23
It's Senate Enrolled Act 1 is going to affect your individual units. 00:03:24
So we do have your certified credits for 2026 as they stand now. 00:03:28
So for instance, for Floyd County, the certified. 00:03:34
Property tax credits which Remember this is a reduction. 00:03:37
Of your property tax distribution. 00:03:41
Is 1.2 million for just the Floyd County unit and we do have those estimated out through 2031. 00:03:43
Now what you will notice by and large. 00:03:51
Is that these credits will increase in 2027? 00:03:54
2028 and 2029, but we do anticipate. 00:03:58
The credits will start going down after 2029. 00:04:03
And that just is a combination of things happening with really your net assessed value. 00:04:07
Having a little bit of growth, not a lot of growth, but a little bit of growth. 00:04:14
And by 2031, that's when we have all of the Senate Enrolled Act. 00:04:18
One property tax relief items worked in. 00:04:22
To the. 00:04:25
Model the property tax model. 00:04:27
One other thing I wanted to discuss is that I told you I would confirm. 00:04:30
Which townships appear to be? 00:04:35
In line to merge. 00:04:40
Umm, I did a scoring method but please realize that. 00:04:44
Not everything is available publicly, so this is very preliminary. 00:04:48
But based on this preliminary scoring method, Franklin Township would score 6 points. And that's me not even looking at everything 00:04:53
that's. 00:04:57
All the. 00:05:02
Criteria because not all the criteria is available. 00:05:03
So I'm reasonably confident Franklin Township would need to merge, and also Lafayette Township. 00:05:06
Those are the 2 townships. 00:05:11
They do not meet that criteria where most of the population is in a municipality or 80%. 00:05:14
More than 80% of their boundaries touching municipalities so therefore. 00:05:21
Those two townships will need to merge with. 00:05:25
Of another Township. 00:05:27
And it's my understanding of the county commissioners will play a role in deciding that. I mean, they have to touch boundaries, 00:05:30
obviously, but. 00:05:34
So those were the items that I promised you. 00:05:38
Before we go on to what I believe is the next step, I'm going to stop here and see if any of you have any questions for me. 00:05:41
Which numbers were you saying on this sheet were? 00:05:50
Correct. So I just wanna make sure. 00:05:55
Andrew, are you hooked up to the Internet where you can pull up that? 00:05:58
PDF that I. 00:06:01
Emailed out. 00:06:03
So the correct numbers are the ones that I emailed to you. I think it was last. 00:06:11
Friday, and for whatever reason, when I printed this out, I must have. 00:06:15
Printed the wrong. 00:06:19
The wrong. 00:06:22
Scenario. So it would be under scenario 2. 00:06:26
Because it should read under scenario 2. 00:06:32
I don't know. 00:06:36
What's the second? There was a second handout. 00:06:39
Like a separate PDF? Yeah, I want that one right there. Let me see if it's the same. 00:06:45
Scenario 2 shouldn't be. 00:06:49
Oh Yep, here. 00:06:51
Yes. 00:06:53
Yeah, Oh. 00:06:55
There it is. He's got it. Thank you so much, Andrew, and I do apologize so. 00:06:56
Yes. Oh, it is. 00:07:00
OK, I am so confused, sorry. 00:07:02
All right, great. That's awesome. So you can see what that does, in fact. 00:07:05
Under the 1.33%, county residents would actually pay less. 00:07:09
So, but the New Albany residents, you can see what it would do there. That would be the 2.37. 00:07:16
Percent. So at the bottom is the change like the increase or decrease in the tax bill? 00:07:24
Any questions? 00:07:33
Can you just? 00:07:34
Information flying around. 00:07:40
A municipality off again is not. 00:07:45
That municipality given up any of their control only. 00:07:48
The rate decision. 00:07:52
That is correct. So if. 00:07:54
Any of the either of the two municipalities are allowed to opt in. If they opt in, it's basically allowing the County Council to 00:07:56
adopt. 00:08:00
A a municipal wide rate, which you would do anyway, but it's allowing that municipality to be a. 00:08:07
Part of that. 00:08:12
County wide rate. 00:08:14
That that really is it. 00:08:15
And in three years, the that municipality that opts in can decide once again to opt in or out. 00:08:17
But that's the extent of it once the municipality opts in. 00:08:24
Then the distributions will be made by the statutory formula. 00:08:28
Any other questions? 00:08:36
Oh yeah, go ahead. 00:08:38
There is a three-year lock on. 00:08:40
Yes. 00:08:42
We think, but I gotta tell you that is up for. 00:08:44
Conversation and the Legislative session. I I. 00:08:47
Think there could be some potential changes with that we don't. 00:08:50
Really like that annual opt in scenario because it affects the debt. 00:08:54
That is supported by local income tax, but. 00:09:00
We'll see what happens with that. 00:09:03
And the next legislative session? 00:09:07
Any other questions? 00:09:11
So for tonight, this is where I think we are at. 00:09:14
Oh, go be sure. 00:09:19
Yup. 00:09:20
Can you umm. 00:09:21
So I see in scenario 2 the city of New Albany goes to the back is showing. 00:09:22
$11.2 million lit distribution. 00:09:28
In scenario two, yeah. 00:09:33
Yes, for for the city of New Albany. 00:09:35
Yes. 00:09:38
In scenario one. 00:09:39
Can I read that correctly that it's 22? That's correct. 00:09:43
What is their current? 00:09:50
Well, the current for everyone in the county, right? Oh, you mean what are they collecting now? It's if you look over to the 00:09:52
column just to the left of that, it's 21.953 million. 00:09:57
Yep. 00:10:03
So I think. 00:10:09
Where we're at tonight, because I think we penned down a lot of these, like I think. 00:10:11
You can correct me if I'm wrong, but I think we're good on townships, library, special district schools, and fire and EMS. I feel 00:10:15
like we're. 00:10:19
Pretty pinned down on that. 00:10:22
I think where we're at right now is, first of all, I think the county unit. 00:10:24
Needs to determine if .6%. 00:10:29
Is. 00:10:32
Is sufficient. 00:10:34
Because you're well below the 1.2%. 00:10:36
We can run a scenario tonight that's live that shows what would happen if you go to, for example, .7%. What would that do to the 00:10:41
taxpayers? 00:10:45
You would you like to see that? 00:10:54
OK, so. 00:10:55
Andrew can. 00:10:56
Show that up on the screen. 00:10:57
And this one will be under the scenario one because you can tell that your distribution, when I say you are the county's 00:10:59
distribution varies greatly. 00:11:04
Depending on whether New Albany OPS. 00:11:09
Or out so this first scenario that. 00:11:12
Andrew's gonna show you. 00:11:15
Which is already on the screen. Have you've already got that OK. 00:11:16
OK, this assumes New Albany opts in. 00:11:23
So you can see that. 00:11:26
The county rate is .70 for the County Services LIT. 00:11:28
But you also get a share. 00:11:35
Of the county wide municipal lit which for you would be 6.2 million so all in. 00:11:37
If if. 00:11:44
We we have the 1.03 keep that the same for the. 00:11:45
The county wide municipal. Your portion as the county unit would be 6. 00:11:50
.2 million the .7% increasing it by the point 1% would generate about 21.5 million. 00:11:55
So 27 point. 00:12:01
5 or 4 million roughly versus. 00:12:04
You're now getting 24.4. 00:12:07
So the total rate for all of that is 2.3%. 00:12:11
Correct, Andrew. 00:12:17
So what does that 2.3% look for? 00:12:18
Look like for the taxpayer. 00:12:21
So here we go. 00:12:23
2.3%. 00:12:24
Would be for the average. 00:12:27
Adjusted gross income would be an annual increase of $324.00 or $27. 00:12:30
Monthly. 00:12:38
And how does that compare? 00:12:41
To what we had previously. I've got the wrong one in front of me for some reason. 00:12:45
OK, so it's just a. 00:12:49
OK. So not much of a difference it sounds like, OK. 00:12:53
So there's that scenario now. 00:12:57
We can also. 00:13:00
Generate the same 27. 00:13:01
$1,000,000 for the county if under scenario 2. 00:13:03
New Albany OPS. 00:13:08
Out and does their own. Then we're thinking you need a rate of about .82%. 00:13:09
So that is this scenario that Andrew has on the screen. 00:13:16
So that would be a rate of 2.47% for those that live. 00:13:20
In wait a minute, I'm sorry, I'm trying. 00:13:27
OK. 00:13:31
Yeah. All right. I'm sorry. So. 00:13:32
So that would be a total rate of one point. 00:13:34
Five, 5% for those living in the county outside of New Albany. 00:13:37
And if you live. 00:13:42
In new wait that isn't right because we gotta take no, it is right. I keep questioning myself. You should be up period because I 00:13:43
keep questioning myself. 00:13:47
So it's 1.55% if you live everywhere except New Albany. If you live in New Albany it would be a 2.59. 00:13:52
Percent rate. 00:14:00
What was the last number you said? Umm, I just want to make sure I understand that that's correct though. 00:14:04
Because what would have changed on New Albany's side? 00:14:12
Other than. 00:14:15
Oh, because everybody pays the county rate. 00:14:17
Got it. OK. 00:14:20
All right, so it'll be 2.59% for those living in the city of New Albany and 1.55% for those living outside of New Albany. 00:14:21
So we can now go and look at what the rate impact is for that. 00:14:31
So you're for for those living outside of New Albany, the. 00:14:38
It's still going down, but not as much as it was in the previous scenario. See, that's all the way down at the bottom. 00:14:43
So let's look at these two scenarios. 1.55% if you don't live in New Albany would be a reduction in your taxes, your local income 00:14:51
taxes of. 00:14:56
About $22.00 a month. 00:15:01
For folks living in New Albany, it would be an increase. 00:15:05
Of about $46 a month. 00:15:09
And then if. 00:15:13
What is that 2.30%? 00:15:16
Oh, the uniform rate. Oh gotcha. The uniform rate of the .7% for the county. Yep. So you've you've basically got those 3 scenarios 00:15:21
there at the bottom. 00:15:26
If the county goes to .7% and New Albany opts in. 00:15:32
That's the 2.3%. 00:15:36
And so you can see the changes to the taxes. 00:15:38
Liability there. 00:15:41
For that one. 00:15:43
If New Albany opts out and adopts their own rate, then folks living in New Albany would. 00:15:44
Be charged the 2.59% and you can see the change and the tax liability over to the right. 00:15:50
And then the last one is 1.55%. 00:15:56
Which is again New Albany opting out. 00:15:59
But the county unit changing their rate to .8. 00:16:02
2%. 00:16:06
Um, which that. 00:16:07
The people living outside of New Albany would actually see a reduction in their tax bill. 00:16:10
So under. 00:16:16
Both of these scenarios what we've. 00:16:17
Tried. I mean it sounds like. 00:16:19
You would still get around the 27,000,000 but. 00:16:22
It the county tax rate is really. 00:16:26
Going to be dependent on whether New Albany off center out. I mean you're either going to be at the .7% if that's where you want 00:16:29
to be or the .8. 00:16:32
2%. 00:16:35
So what kind of discussion does that lead to? What? 00:16:39
Questions do you have? 00:16:42
No, no questions at all. 00:16:48
I know Georgetown and Greenville. 00:16:51
You're probably pretty comfortable. 00:16:54
With yours or. 00:16:56
Do you feel like a? 00:16:59
A modification needs to be made. 00:17:01
Well, I certainly like. 00:17:06
The option of. 00:17:07
You will already opting in. 00:17:08
Sure. 00:17:12
Yeah. 00:17:14
You know our property tax credit and previous years have run. 00:17:15
A couple of $100 at the most. 00:17:20
And now? 00:17:23
Sorry. 00:17:25
OK. Sorry about that. 00:17:27
And. 00:17:30
You know this year. 00:17:32
We're looking and and really the. 00:17:33
Other numbers I've been given was closer to 44,000, so that's a huge, huge cut out of our. 00:17:38
Money. 00:17:46
That that we depend on that's coming in so. 00:17:47
Umm, even with the opt out option? 00:17:50
I feel like. 00:17:55
I mean, there is an increase, but it certainly isn't enough to cover. 00:17:56
All of the tax credits that are going to be coming through that we're anticipating so. 00:18:01
Mean we'd still. 00:18:06
Umm, I mean it's. 00:18:09
Better than it would be, but it still doesn't put us even even with. 00:18:11
What we've been dependent on. 00:18:16
Andrew, would you mind showing the schedule that shows like? 00:18:18
What they get now and local income tax and what they would get under those other scenarios. 00:18:21
Yeah, like here so. 00:18:27
Umm, right now, for instance, Georgetown is getting about 434,000. 00:18:31
Under the scenario where. 00:18:39
Um, thus the. 00:18:42
New Albany opts out. It would be 450,000. Is that right? 00:18:47
If the city opts in. 00:18:51
It Oh yes, it's a much different much and that's why I say I mean the city opting or in or out. 00:18:53
That really. 00:19:00
Drives things either way. 00:19:02
Does the city still? 00:19:05
Do you do you want to say whether you're going to opt in or out? Still no. 00:19:08
OK. But Oscar from boundaries here and he may have some questions or comments here. 00:19:12
OK, sure, sure, questions. 00:19:18
Hi, Oscar Gutierrez, Boundary Consulting Municipal Advisor. 00:19:24
New Albany. 00:19:27
We generally agree and. 00:19:29
There is no dispute that. 00:19:32
By population. 00:19:34
A lit calculation. 00:19:35
Will be beneficial to New Albany. 00:19:37
There's no question about that. 00:19:39
The methodology. We can debate how. 00:19:42
The state's going to be able to. 00:19:46
Properly capture all the income taxes within its unit. I mean that's debatable. The methodology we can. 00:19:47
Debate Baker, Tilly and every other advisor and it's all speculation so. 00:19:54
Generally, we agree. 00:19:58
With the numbers, so the question is not necessarily. 00:20:00
About the numbers and the reason why. 00:20:03
The mayor still needs time to make this decision. 00:20:06
It's not about. 00:20:09
The numbers. 00:20:10
Is about this committee. 00:20:12
Is non binding. 00:20:14
And what the county will decide? County Council. 00:20:17
This is a recommendation. 00:20:20
To move forward so. 00:20:23
And. 00:20:26
You know, it's not opt in, opt out. It's really vote yes or vote no and other things with that again. 00:20:28
Not, but must committees. 00:20:33
Are not happening in every county. This is one of the. 00:20:36
You know. 00:20:39
Counties that is opting in to. 00:20:39
Exploring this. 00:20:41
But the enforceability of your recommendation? 00:20:43
Is a concern and how that gets explored. 00:20:46
So how does? 00:20:49
And also the mayor can't can. 00:20:50
Doesn't want to unilaterally. 00:20:52
Make a decision because. 00:20:54
By you know if the. 00:20:56
Term you know you're using is opting in. 00:20:58
You're also taking away. 00:21:01
The fiscal body of New Albany, which the City Council. 00:21:03
Decision to enact their own again. 00:21:07
Generally speaking. 00:21:10
The population numbers are better for New Albany. 00:21:11
I think that. 00:21:16
The Mayor's. 00:21:17
Making decisions that. 00:21:18
Affect a City Council. 00:21:20
Its residents and its enforceability of the recommendation. 00:21:22
So. 00:21:26
Generally, we agree with the numbers presented. 00:21:28
And we have our own but. 00:21:31
A population number is beneficial. There's no question about that for the. 00:21:33
For the city. 00:21:37
Really is. 00:21:38
What's the enforceability? 00:21:39
And the other question lingering out there is what is? 00:21:41
The state going to do. 00:21:44
This session. 00:21:46
That is going to. 00:21:47
Impact this again in the future, so. 00:21:48
I believe that there is. 00:21:52
More than just the number that is holding. 00:21:54
A decision from the county. 00:21:57
From the county. From the from the city for the county. 00:21:59
But. 00:22:02
Generally speaking, we generally agree with. 00:22:03
The notion that a. 00:22:06
Population based distribution of lit. 00:22:09
Is beneficial to New Albany. 00:22:11
As the largest population in the county. 00:22:13
And. 00:22:15
If a recommendation was to move forward. 00:22:16
And enforce it would be beneficial, but that that is really not. 00:22:20
The debate that is taking place. 00:22:23
But that. 00:22:25
We generally agree and we have our own report that we'll be presenting to the mayor. 00:22:26
When he meets with the rest of the. 00:22:30
Electeds of the city. 00:22:32
So I do want to remind everyone that. 00:22:36
This is non binding. 00:22:39
And we're going to make it very clear in the report. 00:22:41
That this is a non binding recommendation. 00:22:44
This will not hold. 00:22:48
Any of the units to. 00:22:49
To any of these rate decisions, it is an exercise, and the exercise is to try to determine. 00:22:52
What might work best? 00:22:59
For the county as a whole. 00:23:01
So this isn't going to be binding in any. 00:23:04
Way or form and. 00:23:07
We do. 00:23:08
We do anticipate that there will be. 00:23:09
Changes in the upcoming legislative session, and we hope that. 00:23:12
The Legislature will take these reports into consideration to perhaps make some informed decisions and make some decisions that 00:23:16
will work best for the county. So. 00:23:20
It is an exercise. I don't think it's a waste of time at all. It's a collaborative exercise, but. 00:23:25
It is non binding. 00:23:30
I completely agree with that and we will make that clear in the report. 00:23:32
That it is non binding. It's just a recommendation. 00:23:37
So. 00:23:41
I unless. 00:23:45
Do you want other scenarios run? Is the county comfortable with the scenario we just ran? 00:23:46
Because here's where I feel like we're going. 00:23:52
I mean, I think we're at a point that we can put together 2 plans. One is scenario one. 00:23:56
One of scenario 2. 00:24:01
And you decide which one you want to. 00:24:03
Adopt. 00:24:06
And if we don't have unanimous agreement? 00:24:07
We're going to just. 00:24:10
We'll put that in the report, but I think you as a committee has to determine which plan do you like best. 00:24:12
Which scenario do you like best? Is there another scenario you want to see? Because we can. 00:24:18
Run scenario as many as you. 00:24:23
You want us to run? 00:24:25
But I, I think that's where we're at right now. If you want additional information from us, we can certainly provide it. I know 00:24:28
last time. 00:24:31
You wanted to see the property tax credits we are providing that I know for some units. 00:24:35
They jumped up in 2026 and the reason, whole reason why is the property tax relief. 00:24:40
Luckily, they don't continue those big jumps. 00:24:45
But they do increase. 00:24:48
By you know some amount. 00:24:50
Over the next few years. 00:24:53
So. 00:24:58
Feedback or comments? 00:25:00
What else would you need from us? 00:25:04
In order to compile the report, so we'll need to take a vote. 00:25:07
And. 00:25:11
We're hoping to be able to move forward with a unanimous vote. 00:25:13
But if not. 00:25:17
Then does that information still go into? 00:25:19
A report then that goes to the state we would like to only submit. 00:25:23
One report. 00:25:27
And. 00:25:28
What we need from you. 00:25:29
Tonight is like. 00:25:31
Trying to get an idea. 00:25:32
Of which scenario do you want to go with? I'm not asking for a vote tonight, but I feel like next time. 00:25:35
I'm gonna come back with a report. I can walk you through all the layers of the report, but the main piece of the report is 00:25:41
basically. 00:25:45
The rate structure. 00:25:49
So that's what I'm trying to get comfort level on is the rate structure. 00:25:50
Yeah, go ahead. 00:25:57
Absolutely. 00:25:58
In case you don't know me, Diana Topping, Floyd County Auditor. 00:26:00
Way too used to the public meetings, my apologies. 00:26:04
I I think. 00:26:08
I think the biggest. 00:26:10
Portion of communication that page is trying to get across tonight is that. 00:26:11
We've nailed down the specialty rates. 00:26:14
The state has asked for a recommendation from the county as a whole as to what we think. 00:26:17
Not what we promised. Not what we guarantee. 00:26:22
What we think our lit structure should look like. 00:26:25
Come the end of 2028 to roll into 29. 00:26:28
We all know that the State House changes things. 00:26:31
All the time. 00:26:34
Miss Muller and I are. 00:26:36
Consistently and constantly dealing with the fallout from the decisions from the legislature. 00:26:38
This is not set in stone. 00:26:44
But it is. 00:26:47
A way for us to understand how things. 00:26:48
Could potentially look and what we're going to need from each other. 00:26:51
Because. 00:26:54
A municipal rate is going to get set. 00:26:55
That's a guarantee. 00:26:58
By having participated in this, the County Council now understands what that municipal rate needs to look like dependent on. 00:26:59
Whether or not our largest city. 00:27:06
Option or opt out And I understand that some people don't like the term opt in or opt out. 00:27:09
So will you say it says yes or no to participate in a municipal right? 00:27:13
I believe that page is correct at a point where. 00:27:17
We can present 2 plans at the next. 00:27:21
Meeting that shows. 00:27:24
What those each look like. 00:27:26
And whichever report is filed. 00:27:27
I know that we've discussed it. 00:27:30
Whether it's unanimous or not, we're going to send it to the state. 00:27:32
And we're going to let them know it wasn't unanimous or that it was. 00:27:35
We're going to let them know what the concerns were of the body that didn't vote for it. 00:27:37
Or did. 00:27:41
If there are additional concerns that need to be addressed, this report can be as big. 00:27:42
And as detailed as we want it to be. 00:27:46
So there are no guidelines on that. We just have to send the information because we chose to participate in this, which I think 00:27:48
was a very good learning experience for our county. 00:27:52
Because it gave us a look at things that we don't typically look at. 00:27:56
A weekly or monthly basis. 00:28:00
So before the four of you. 00:28:04
Is the choice. 00:28:06
Pre for the bodies that you represent. 00:28:08
Because. 00:28:11
There's a lot more behind the four of you than just the four of you. 00:28:12
But you are. 00:28:15
The financial individual appointed to this. 00:28:16
Particular. 00:28:20
Fun experience. 00:28:22
So. 00:28:24
I would recommend. 00:28:26
That by the next meeting and if you have additional questions between now and then, e-mail me e-mail page. We will make sure that 00:28:29
they're addressed at that next meeting. 00:28:32
But we have all of the extras nailed down. 00:28:39
And that's that's a big thing. 00:28:41
There's a lot of counties that don't have a clue what to do with those extras. 00:28:43
And we can satisfy. 00:28:47
The the base needs of everybody dependent on. 00:28:49
The plan that's picked? 00:28:54
We're all required to provide the services. 00:28:56
That we currently require, that we currently provide. You have to be able to afford those services. 00:28:59
So that's kind of where this is at. 00:29:05
Page is a lot nicer than I am. 00:29:07
She's a lot kinder than I am, and she sounds a lot nicer than I do. 00:29:08
But. 00:29:12
Again, non binding. 00:29:15
So nobody can hold anybody to this. 00:29:17
But it does give us an idea of how we're going to have to work together in two years. 00:29:19
I I'll just add that. 00:29:25
If you all haven't spoken to your boards. 00:29:29
You should have by now. 00:29:34
Umm, I've talked to County Council members. 00:29:35
Constantly about this and the numbers changing. 00:29:39
Everybody has access to this. 00:29:42
So. 00:29:45
I reject, Sir. 00:29:47
That the mayor still needs to talk to the council because this has been going on for quite a while. 00:29:48
The numbers were just presented last week. 00:29:53
He's got a week and we're going to vote. 00:29:55
That's where we're at because we. 00:29:57
We've been given the same information here. 00:29:59
A couple weeks. 00:30:01
Straight and if. 00:30:02
If it's a choose not to participate, vote. 00:30:06
That's fine, but. 00:30:09
This isn't going to keep. 00:30:10
Dragging on into. 00:30:11
The fall to where we're. 00:30:13
Beating this dead horse until it's just bones. 00:30:16
So what we can do is. 00:30:21
Oh, by any chance do you have a draft? 00:30:24
Of what? The plan? 00:30:27
Looks like. 00:30:29
Yes. 00:30:30
I was just scary to say that. 00:30:31
I we Baker Tilly. 00:30:33
Can finish up that draft. We had a template already prepared, we just need to pop in some things. 00:30:35
I I would like to provide to you hopefully early next week. 00:30:42
A draft. 00:30:46
Two draft plans. 00:30:47
Scenario one, Scenario 2 with the numbers we discussed tonight, Which? 00:30:49
We will, by the way, provide scenarios. I will e-mail those out to you of the tax impact and the schedule of what we just talked 00:30:53
about tonight. 00:30:56
And then you can have some time. 00:31:00
To review that. 00:31:03
When is the next meeting, Diana? Is it next week? Thursday, OK. 00:31:04
So we need, yeah, we may not even need that last one. 00:31:10
I mean. 00:31:16
I so it's incumbent upon my fertility to get that to you as soon as possible. 00:31:18
So that is my goal. I will try my hardest to get it to you by Monday. 00:31:22
Is that enough time for you or would you rather us? I think that's enough time, but if you want. But that's a good point. Would 00:31:27
you like to cancel next weeks meeting so that you all have sufficient time to go through the plan? 00:31:33
The plan is. 00:31:40
A little lengthy. 00:31:41
Because we wanted to really describe. 00:31:44
Everything that's went into this, why these decisions were made, etc. 00:31:46
Would you rather? 00:31:51
How? I mean, I still want to try to get it to you at the beginning of next week, but I want you. 00:31:53
To have sufficient time. 00:31:58
The 20th. 00:32:01
Let me do that and if we can. 00:32:06
Then we will. 00:32:09
Schedule it for the 20th. Take the floor up there are available for the 20th. 00:32:11
And if not, my recommendation would be to cancel the 13th which is next week and this hold our September 3rd meeting at the final. 00:32:16
Voting meeting because that allows multiple loops to go over the plan. 00:32:24
That's on the 27th, already scheduled. 00:32:28
We've got. 00:32:31
No, I think it's on the 3rd, September 3rd, yeah. 00:32:32
Yeah. 00:32:35
I will look at the 20th. That's fine. 00:32:37
OK, I would like that. I mean, that gives you more time. That gives me more time. 00:32:48
And its budget season. 00:32:52
So Oh my goodness, there's a lot going on. Yeah, we're still ahead of schedule, so. 00:32:54
That's perfectly fine. OK, exactly fine. That worked for you. 00:33:01
OK. 00:33:05
Not next week. 00:33:13
Potentially the 20th, definitely the third. The 20th doesn't work. 00:33:14
OK, that sounds great. 00:33:18
If we need a. 00:33:21
Yeah. 00:33:23
OK, OK. 00:33:25
All right, sounds like a plan. 00:33:27
We will do everything in our power to get it to you the beginning of next week. 00:33:29
And then? 00:33:34
I think the next meeting is. 00:33:35
Just deciding. 00:33:37
What you want to do? 00:33:38
And we can always make changes to the plan. 00:33:40
Like if we get to our next meeting and you were like, oh, I think this needs to be changed. Yes, that's. 00:33:42
We can definitely do that. 00:33:47
OK if you need a scenario. 00:33:50
Ran before that meeting, Yes. Please let us know page and. 00:33:52
Yes, give her time to. 00:33:56
Run it and get it back to you. 00:33:58
Yeah, for sure. 00:33:59
All right. I don't have anything else. 00:34:02
But of course, I'm here at your pleasure, so. 00:34:04
Anyone up here have anything else? 00:34:09
No, I don't. 00:34:11
OK. All right. Thank you. 00:34:13
Thank you. Thank you. 00:34:16
This one and then I got probable next to. 00:34:17
131 can minister for the sheriff's supposed after 2027. 00:34:29
So it exists well, the units adopted 28 for implementation 29. 00:34:35

Transcript

Event transcript
Good evening. 00:00:03
Thank you for coming back. 00:00:04
Much appreciated. 00:00:06
So I did hand out a couple of things this evening for you. 00:00:08
Hang on just a second, I. 00:00:13
All right, so the first thing I want to talk about really quick is I just gave you a summary of what I emailed to you. 00:00:22
And I just wanted to kind of summarize where we left off at the last meeting. 00:00:29
So where we left off? So I'm looking at this sheet right here. 00:00:34
Where we left off is there were two scenarios 1. 00:00:37
Scenario one, which is kind of in the middle of the page is. 00:00:41
A county unit lit rate of 0.6%. 00:00:45
A municipal county wide rate of 1.03. 00:00:48
A Township rate of .01%. 00:00:53
A library rate of .04%. 00:00:56
A special district rate of .04%. 00:00:59
A school rate of .08% and a fire and EMS rate of point. 00:01:02
4% all of those totaled a 2.20. 00:01:07
And everyone in the county under scenario one would pay that rate 2.20. 00:01:12
And just as a reminder, your current rate is 1.89%. 00:01:17
Scenario 2 is if the city of New Albany opts out and adopts their own rate. 00:01:22
So that would be. 00:01:27
UM for the City of New Albany residents. 00:01:29
All the other rates would be the same except for. 00:01:34
The city. 00:01:36
Rate would be 1.20 at the Max. That's just what we have in the scenario. 00:01:38
So residents of the City of New Albany would pay 2.37%. 00:01:43
Res All other residents would pay 1.33%. 00:01:48
And that would include a different. 00:01:53
Municipal rate of 0.16%. 00:01:55
So again, we've got. 00:02:00
Scenario one 2.20% for all county residents. Scenario 2 is. 00:02:01
2.37% for the City of New Albany residents and 1.33% for everyone else. 00:02:07
I also have included. 00:02:14
The taxpayer impact, which is this page. 00:02:16
And again. 00:02:21
This is just a summary of what we discussed last time, so under. 00:02:22
Scenario one. 00:02:26
You can see that. 00:02:28
The 2.20%, the increases are shown at the bottom of the page. So we're looking at if you look at a $79,000 adjusted gross income, 00:02:30
which is the average adjusted gross income in this county. 00:02:37
A taxpayer would pay. 00:02:44
About $20 more a month. 00:02:46
Or $245 for the year. 00:02:48
Umm. Under the. 00:02:52
Second rate, which I don't. 00:02:54
Think this is. 00:02:56
Right now that I'm looking at it. 00:02:58
It's not. I think this is from the scenario we're going to run tonight. 00:03:00
We're gonna have to show it up on the screen. I'm sorry. I apologize. 00:03:03
Umm. And then also something else I've handed out is. 00:03:08
The estimated property tax credit so this was asked of us last time because. 00:03:15
You do want to know kind of how. 00:03:21
Senate Enrolled Act is going. 00:03:23
It's Senate Enrolled Act 1 is going to affect your individual units. 00:03:24
So we do have your certified credits for 2026 as they stand now. 00:03:28
So for instance, for Floyd County, the certified. 00:03:34
Property tax credits which Remember this is a reduction. 00:03:37
Of your property tax distribution. 00:03:41
Is 1.2 million for just the Floyd County unit and we do have those estimated out through 2031. 00:03:43
Now what you will notice by and large. 00:03:51
Is that these credits will increase in 2027? 00:03:54
2028 and 2029, but we do anticipate. 00:03:58
The credits will start going down after 2029. 00:04:03
And that just is a combination of things happening with really your net assessed value. 00:04:07
Having a little bit of growth, not a lot of growth, but a little bit of growth. 00:04:14
And by 2031, that's when we have all of the Senate Enrolled Act. 00:04:18
One property tax relief items worked in. 00:04:22
To the. 00:04:25
Model the property tax model. 00:04:27
One other thing I wanted to discuss is that I told you I would confirm. 00:04:30
Which townships appear to be? 00:04:35
In line to merge. 00:04:40
Umm, I did a scoring method but please realize that. 00:04:44
Not everything is available publicly, so this is very preliminary. 00:04:48
But based on this preliminary scoring method, Franklin Township would score 6 points. And that's me not even looking at everything 00:04:53
that's. 00:04:57
All the. 00:05:02
Criteria because not all the criteria is available. 00:05:03
So I'm reasonably confident Franklin Township would need to merge, and also Lafayette Township. 00:05:06
Those are the 2 townships. 00:05:11
They do not meet that criteria where most of the population is in a municipality or 80%. 00:05:14
More than 80% of their boundaries touching municipalities so therefore. 00:05:21
Those two townships will need to merge with. 00:05:25
Of another Township. 00:05:27
And it's my understanding of the county commissioners will play a role in deciding that. I mean, they have to touch boundaries, 00:05:30
obviously, but. 00:05:34
So those were the items that I promised you. 00:05:38
Before we go on to what I believe is the next step, I'm going to stop here and see if any of you have any questions for me. 00:05:41
Which numbers were you saying on this sheet were? 00:05:50
Correct. So I just wanna make sure. 00:05:55
Andrew, are you hooked up to the Internet where you can pull up that? 00:05:58
PDF that I. 00:06:01
Emailed out. 00:06:03
So the correct numbers are the ones that I emailed to you. I think it was last. 00:06:11
Friday, and for whatever reason, when I printed this out, I must have. 00:06:15
Printed the wrong. 00:06:19
The wrong. 00:06:22
Scenario. So it would be under scenario 2. 00:06:26
Because it should read under scenario 2. 00:06:32
I don't know. 00:06:36
What's the second? There was a second handout. 00:06:39
Like a separate PDF? Yeah, I want that one right there. Let me see if it's the same. 00:06:45
Scenario 2 shouldn't be. 00:06:49
Oh Yep, here. 00:06:51
Yes. 00:06:53
Yeah, Oh. 00:06:55
There it is. He's got it. Thank you so much, Andrew, and I do apologize so. 00:06:56
Yes. Oh, it is. 00:07:00
OK, I am so confused, sorry. 00:07:02
All right, great. That's awesome. So you can see what that does, in fact. 00:07:05
Under the 1.33%, county residents would actually pay less. 00:07:09
So, but the New Albany residents, you can see what it would do there. That would be the 2.37. 00:07:16
Percent. So at the bottom is the change like the increase or decrease in the tax bill? 00:07:24
Any questions? 00:07:33
Can you just? 00:07:34
Information flying around. 00:07:40
A municipality off again is not. 00:07:45
That municipality given up any of their control only. 00:07:48
The rate decision. 00:07:52
That is correct. So if. 00:07:54
Any of the either of the two municipalities are allowed to opt in. If they opt in, it's basically allowing the County Council to 00:07:56
adopt. 00:08:00
A a municipal wide rate, which you would do anyway, but it's allowing that municipality to be a. 00:08:07
Part of that. 00:08:12
County wide rate. 00:08:14
That that really is it. 00:08:15
And in three years, the that municipality that opts in can decide once again to opt in or out. 00:08:17
But that's the extent of it once the municipality opts in. 00:08:24
Then the distributions will be made by the statutory formula. 00:08:28
Any other questions? 00:08:36
Oh yeah, go ahead. 00:08:38
There is a three-year lock on. 00:08:40
Yes. 00:08:42
We think, but I gotta tell you that is up for. 00:08:44
Conversation and the Legislative session. I I. 00:08:47
Think there could be some potential changes with that we don't. 00:08:50
Really like that annual opt in scenario because it affects the debt. 00:08:54
That is supported by local income tax, but. 00:09:00
We'll see what happens with that. 00:09:03
And the next legislative session? 00:09:07
Any other questions? 00:09:11
So for tonight, this is where I think we are at. 00:09:14
Oh, go be sure. 00:09:19
Yup. 00:09:20
Can you umm. 00:09:21
So I see in scenario 2 the city of New Albany goes to the back is showing. 00:09:22
$11.2 million lit distribution. 00:09:28
In scenario two, yeah. 00:09:33
Yes, for for the city of New Albany. 00:09:35
Yes. 00:09:38
In scenario one. 00:09:39
Can I read that correctly that it's 22? That's correct. 00:09:43
What is their current? 00:09:50
Well, the current for everyone in the county, right? Oh, you mean what are they collecting now? It's if you look over to the 00:09:52
column just to the left of that, it's 21.953 million. 00:09:57
Yep. 00:10:03
So I think. 00:10:09
Where we're at tonight, because I think we penned down a lot of these, like I think. 00:10:11
You can correct me if I'm wrong, but I think we're good on townships, library, special district schools, and fire and EMS. I feel 00:10:15
like we're. 00:10:19
Pretty pinned down on that. 00:10:22
I think where we're at right now is, first of all, I think the county unit. 00:10:24
Needs to determine if .6%. 00:10:29
Is. 00:10:32
Is sufficient. 00:10:34
Because you're well below the 1.2%. 00:10:36
We can run a scenario tonight that's live that shows what would happen if you go to, for example, .7%. What would that do to the 00:10:41
taxpayers? 00:10:45
You would you like to see that? 00:10:54
OK, so. 00:10:55
Andrew can. 00:10:56
Show that up on the screen. 00:10:57
And this one will be under the scenario one because you can tell that your distribution, when I say you are the county's 00:10:59
distribution varies greatly. 00:11:04
Depending on whether New Albany OPS. 00:11:09
Or out so this first scenario that. 00:11:12
Andrew's gonna show you. 00:11:15
Which is already on the screen. Have you've already got that OK. 00:11:16
OK, this assumes New Albany opts in. 00:11:23
So you can see that. 00:11:26
The county rate is .70 for the County Services LIT. 00:11:28
But you also get a share. 00:11:35
Of the county wide municipal lit which for you would be 6.2 million so all in. 00:11:37
If if. 00:11:44
We we have the 1.03 keep that the same for the. 00:11:45
The county wide municipal. Your portion as the county unit would be 6. 00:11:50
.2 million the .7% increasing it by the point 1% would generate about 21.5 million. 00:11:55
So 27 point. 00:12:01
5 or 4 million roughly versus. 00:12:04
You're now getting 24.4. 00:12:07
So the total rate for all of that is 2.3%. 00:12:11
Correct, Andrew. 00:12:17
So what does that 2.3% look for? 00:12:18
Look like for the taxpayer. 00:12:21
So here we go. 00:12:23
2.3%. 00:12:24
Would be for the average. 00:12:27
Adjusted gross income would be an annual increase of $324.00 or $27. 00:12:30
Monthly. 00:12:38
And how does that compare? 00:12:41
To what we had previously. I've got the wrong one in front of me for some reason. 00:12:45
OK, so it's just a. 00:12:49
OK. So not much of a difference it sounds like, OK. 00:12:53
So there's that scenario now. 00:12:57
We can also. 00:13:00
Generate the same 27. 00:13:01
$1,000,000 for the county if under scenario 2. 00:13:03
New Albany OPS. 00:13:08
Out and does their own. Then we're thinking you need a rate of about .82%. 00:13:09
So that is this scenario that Andrew has on the screen. 00:13:16
So that would be a rate of 2.47% for those that live. 00:13:20
In wait a minute, I'm sorry, I'm trying. 00:13:27
OK. 00:13:31
Yeah. All right. I'm sorry. So. 00:13:32
So that would be a total rate of one point. 00:13:34
Five, 5% for those living in the county outside of New Albany. 00:13:37
And if you live. 00:13:42
In new wait that isn't right because we gotta take no, it is right. I keep questioning myself. You should be up period because I 00:13:43
keep questioning myself. 00:13:47
So it's 1.55% if you live everywhere except New Albany. If you live in New Albany it would be a 2.59. 00:13:52
Percent rate. 00:14:00
What was the last number you said? Umm, I just want to make sure I understand that that's correct though. 00:14:04
Because what would have changed on New Albany's side? 00:14:12
Other than. 00:14:15
Oh, because everybody pays the county rate. 00:14:17
Got it. OK. 00:14:20
All right, so it'll be 2.59% for those living in the city of New Albany and 1.55% for those living outside of New Albany. 00:14:21
So we can now go and look at what the rate impact is for that. 00:14:31
So you're for for those living outside of New Albany, the. 00:14:38
It's still going down, but not as much as it was in the previous scenario. See, that's all the way down at the bottom. 00:14:43
So let's look at these two scenarios. 1.55% if you don't live in New Albany would be a reduction in your taxes, your local income 00:14:51
taxes of. 00:14:56
About $22.00 a month. 00:15:01
For folks living in New Albany, it would be an increase. 00:15:05
Of about $46 a month. 00:15:09
And then if. 00:15:13
What is that 2.30%? 00:15:16
Oh, the uniform rate. Oh gotcha. The uniform rate of the .7% for the county. Yep. So you've you've basically got those 3 scenarios 00:15:21
there at the bottom. 00:15:26
If the county goes to .7% and New Albany opts in. 00:15:32
That's the 2.3%. 00:15:36
And so you can see the changes to the taxes. 00:15:38
Liability there. 00:15:41
For that one. 00:15:43
If New Albany opts out and adopts their own rate, then folks living in New Albany would. 00:15:44
Be charged the 2.59% and you can see the change and the tax liability over to the right. 00:15:50
And then the last one is 1.55%. 00:15:56
Which is again New Albany opting out. 00:15:59
But the county unit changing their rate to .8. 00:16:02
2%. 00:16:06
Um, which that. 00:16:07
The people living outside of New Albany would actually see a reduction in their tax bill. 00:16:10
So under. 00:16:16
Both of these scenarios what we've. 00:16:17
Tried. I mean it sounds like. 00:16:19
You would still get around the 27,000,000 but. 00:16:22
It the county tax rate is really. 00:16:26
Going to be dependent on whether New Albany off center out. I mean you're either going to be at the .7% if that's where you want 00:16:29
to be or the .8. 00:16:32
2%. 00:16:35
So what kind of discussion does that lead to? What? 00:16:39
Questions do you have? 00:16:42
No, no questions at all. 00:16:48
I know Georgetown and Greenville. 00:16:51
You're probably pretty comfortable. 00:16:54
With yours or. 00:16:56
Do you feel like a? 00:16:59
A modification needs to be made. 00:17:01
Well, I certainly like. 00:17:06
The option of. 00:17:07
You will already opting in. 00:17:08
Sure. 00:17:12
Yeah. 00:17:14
You know our property tax credit and previous years have run. 00:17:15
A couple of $100 at the most. 00:17:20
And now? 00:17:23
Sorry. 00:17:25
OK. Sorry about that. 00:17:27
And. 00:17:30
You know this year. 00:17:32
We're looking and and really the. 00:17:33
Other numbers I've been given was closer to 44,000, so that's a huge, huge cut out of our. 00:17:38
Money. 00:17:46
That that we depend on that's coming in so. 00:17:47
Umm, even with the opt out option? 00:17:50
I feel like. 00:17:55
I mean, there is an increase, but it certainly isn't enough to cover. 00:17:56
All of the tax credits that are going to be coming through that we're anticipating so. 00:18:01
Mean we'd still. 00:18:06
Umm, I mean it's. 00:18:09
Better than it would be, but it still doesn't put us even even with. 00:18:11
What we've been dependent on. 00:18:16
Andrew, would you mind showing the schedule that shows like? 00:18:18
What they get now and local income tax and what they would get under those other scenarios. 00:18:21
Yeah, like here so. 00:18:27
Umm, right now, for instance, Georgetown is getting about 434,000. 00:18:31
Under the scenario where. 00:18:39
Um, thus the. 00:18:42
New Albany opts out. It would be 450,000. Is that right? 00:18:47
If the city opts in. 00:18:51
It Oh yes, it's a much different much and that's why I say I mean the city opting or in or out. 00:18:53
That really. 00:19:00
Drives things either way. 00:19:02
Does the city still? 00:19:05
Do you do you want to say whether you're going to opt in or out? Still no. 00:19:08
OK. But Oscar from boundaries here and he may have some questions or comments here. 00:19:12
OK, sure, sure, questions. 00:19:18
Hi, Oscar Gutierrez, Boundary Consulting Municipal Advisor. 00:19:24
New Albany. 00:19:27
We generally agree and. 00:19:29
There is no dispute that. 00:19:32
By population. 00:19:34
A lit calculation. 00:19:35
Will be beneficial to New Albany. 00:19:37
There's no question about that. 00:19:39
The methodology. We can debate how. 00:19:42
The state's going to be able to. 00:19:46
Properly capture all the income taxes within its unit. I mean that's debatable. The methodology we can. 00:19:47
Debate Baker, Tilly and every other advisor and it's all speculation so. 00:19:54
Generally, we agree. 00:19:58
With the numbers, so the question is not necessarily. 00:20:00
About the numbers and the reason why. 00:20:03
The mayor still needs time to make this decision. 00:20:06
It's not about. 00:20:09
The numbers. 00:20:10
Is about this committee. 00:20:12
Is non binding. 00:20:14
And what the county will decide? County Council. 00:20:17
This is a recommendation. 00:20:20
To move forward so. 00:20:23
And. 00:20:26
You know, it's not opt in, opt out. It's really vote yes or vote no and other things with that again. 00:20:28
Not, but must committees. 00:20:33
Are not happening in every county. This is one of the. 00:20:36
You know. 00:20:39
Counties that is opting in to. 00:20:39
Exploring this. 00:20:41
But the enforceability of your recommendation? 00:20:43
Is a concern and how that gets explored. 00:20:46
So how does? 00:20:49
And also the mayor can't can. 00:20:50
Doesn't want to unilaterally. 00:20:52
Make a decision because. 00:20:54
By you know if the. 00:20:56
Term you know you're using is opting in. 00:20:58
You're also taking away. 00:21:01
The fiscal body of New Albany, which the City Council. 00:21:03
Decision to enact their own again. 00:21:07
Generally speaking. 00:21:10
The population numbers are better for New Albany. 00:21:11
I think that. 00:21:16
The Mayor's. 00:21:17
Making decisions that. 00:21:18
Affect a City Council. 00:21:20
Its residents and its enforceability of the recommendation. 00:21:22
So. 00:21:26
Generally, we agree with the numbers presented. 00:21:28
And we have our own but. 00:21:31
A population number is beneficial. There's no question about that for the. 00:21:33
For the city. 00:21:37
Really is. 00:21:38
What's the enforceability? 00:21:39
And the other question lingering out there is what is? 00:21:41
The state going to do. 00:21:44
This session. 00:21:46
That is going to. 00:21:47
Impact this again in the future, so. 00:21:48
I believe that there is. 00:21:52
More than just the number that is holding. 00:21:54
A decision from the county. 00:21:57
From the county. From the from the city for the county. 00:21:59
But. 00:22:02
Generally speaking, we generally agree with. 00:22:03
The notion that a. 00:22:06
Population based distribution of lit. 00:22:09
Is beneficial to New Albany. 00:22:11
As the largest population in the county. 00:22:13
And. 00:22:15
If a recommendation was to move forward. 00:22:16
And enforce it would be beneficial, but that that is really not. 00:22:20
The debate that is taking place. 00:22:23
But that. 00:22:25
We generally agree and we have our own report that we'll be presenting to the mayor. 00:22:26
When he meets with the rest of the. 00:22:30
Electeds of the city. 00:22:32
So I do want to remind everyone that. 00:22:36
This is non binding. 00:22:39
And we're going to make it very clear in the report. 00:22:41
That this is a non binding recommendation. 00:22:44
This will not hold. 00:22:48
Any of the units to. 00:22:49
To any of these rate decisions, it is an exercise, and the exercise is to try to determine. 00:22:52
What might work best? 00:22:59
For the county as a whole. 00:23:01
So this isn't going to be binding in any. 00:23:04
Way or form and. 00:23:07
We do. 00:23:08
We do anticipate that there will be. 00:23:09
Changes in the upcoming legislative session, and we hope that. 00:23:12
The Legislature will take these reports into consideration to perhaps make some informed decisions and make some decisions that 00:23:16
will work best for the county. So. 00:23:20
It is an exercise. I don't think it's a waste of time at all. It's a collaborative exercise, but. 00:23:25
It is non binding. 00:23:30
I completely agree with that and we will make that clear in the report. 00:23:32
That it is non binding. It's just a recommendation. 00:23:37
So. 00:23:41
I unless. 00:23:45
Do you want other scenarios run? Is the county comfortable with the scenario we just ran? 00:23:46
Because here's where I feel like we're going. 00:23:52
I mean, I think we're at a point that we can put together 2 plans. One is scenario one. 00:23:56
One of scenario 2. 00:24:01
And you decide which one you want to. 00:24:03
Adopt. 00:24:06
And if we don't have unanimous agreement? 00:24:07
We're going to just. 00:24:10
We'll put that in the report, but I think you as a committee has to determine which plan do you like best. 00:24:12
Which scenario do you like best? Is there another scenario you want to see? Because we can. 00:24:18
Run scenario as many as you. 00:24:23
You want us to run? 00:24:25
But I, I think that's where we're at right now. If you want additional information from us, we can certainly provide it. I know 00:24:28
last time. 00:24:31
You wanted to see the property tax credits we are providing that I know for some units. 00:24:35
They jumped up in 2026 and the reason, whole reason why is the property tax relief. 00:24:40
Luckily, they don't continue those big jumps. 00:24:45
But they do increase. 00:24:48
By you know some amount. 00:24:50
Over the next few years. 00:24:53
So. 00:24:58
Feedback or comments? 00:25:00
What else would you need from us? 00:25:04
In order to compile the report, so we'll need to take a vote. 00:25:07
And. 00:25:11
We're hoping to be able to move forward with a unanimous vote. 00:25:13
But if not. 00:25:17
Then does that information still go into? 00:25:19
A report then that goes to the state we would like to only submit. 00:25:23
One report. 00:25:27
And. 00:25:28
What we need from you. 00:25:29
Tonight is like. 00:25:31
Trying to get an idea. 00:25:32
Of which scenario do you want to go with? I'm not asking for a vote tonight, but I feel like next time. 00:25:35
I'm gonna come back with a report. I can walk you through all the layers of the report, but the main piece of the report is 00:25:41
basically. 00:25:45
The rate structure. 00:25:49
So that's what I'm trying to get comfort level on is the rate structure. 00:25:50
Yeah, go ahead. 00:25:57
Absolutely. 00:25:58
In case you don't know me, Diana Topping, Floyd County Auditor. 00:26:00
Way too used to the public meetings, my apologies. 00:26:04
I I think. 00:26:08
I think the biggest. 00:26:10
Portion of communication that page is trying to get across tonight is that. 00:26:11
We've nailed down the specialty rates. 00:26:14
The state has asked for a recommendation from the county as a whole as to what we think. 00:26:17
Not what we promised. Not what we guarantee. 00:26:22
What we think our lit structure should look like. 00:26:25
Come the end of 2028 to roll into 29. 00:26:28
We all know that the State House changes things. 00:26:31
All the time. 00:26:34
Miss Muller and I are. 00:26:36
Consistently and constantly dealing with the fallout from the decisions from the legislature. 00:26:38
This is not set in stone. 00:26:44
But it is. 00:26:47
A way for us to understand how things. 00:26:48
Could potentially look and what we're going to need from each other. 00:26:51
Because. 00:26:54
A municipal rate is going to get set. 00:26:55
That's a guarantee. 00:26:58
By having participated in this, the County Council now understands what that municipal rate needs to look like dependent on. 00:26:59
Whether or not our largest city. 00:27:06
Option or opt out And I understand that some people don't like the term opt in or opt out. 00:27:09
So will you say it says yes or no to participate in a municipal right? 00:27:13
I believe that page is correct at a point where. 00:27:17
We can present 2 plans at the next. 00:27:21
Meeting that shows. 00:27:24
What those each look like. 00:27:26
And whichever report is filed. 00:27:27
I know that we've discussed it. 00:27:30
Whether it's unanimous or not, we're going to send it to the state. 00:27:32
And we're going to let them know it wasn't unanimous or that it was. 00:27:35
We're going to let them know what the concerns were of the body that didn't vote for it. 00:27:37
Or did. 00:27:41
If there are additional concerns that need to be addressed, this report can be as big. 00:27:42
And as detailed as we want it to be. 00:27:46
So there are no guidelines on that. We just have to send the information because we chose to participate in this, which I think 00:27:48
was a very good learning experience for our county. 00:27:52
Because it gave us a look at things that we don't typically look at. 00:27:56
A weekly or monthly basis. 00:28:00
So before the four of you. 00:28:04
Is the choice. 00:28:06
Pre for the bodies that you represent. 00:28:08
Because. 00:28:11
There's a lot more behind the four of you than just the four of you. 00:28:12
But you are. 00:28:15
The financial individual appointed to this. 00:28:16
Particular. 00:28:20
Fun experience. 00:28:22
So. 00:28:24
I would recommend. 00:28:26
That by the next meeting and if you have additional questions between now and then, e-mail me e-mail page. We will make sure that 00:28:29
they're addressed at that next meeting. 00:28:32
But we have all of the extras nailed down. 00:28:39
And that's that's a big thing. 00:28:41
There's a lot of counties that don't have a clue what to do with those extras. 00:28:43
And we can satisfy. 00:28:47
The the base needs of everybody dependent on. 00:28:49
The plan that's picked? 00:28:54
We're all required to provide the services. 00:28:56
That we currently require, that we currently provide. You have to be able to afford those services. 00:28:59
So that's kind of where this is at. 00:29:05
Page is a lot nicer than I am. 00:29:07
She's a lot kinder than I am, and she sounds a lot nicer than I do. 00:29:08
But. 00:29:12
Again, non binding. 00:29:15
So nobody can hold anybody to this. 00:29:17
But it does give us an idea of how we're going to have to work together in two years. 00:29:19
I I'll just add that. 00:29:25
If you all haven't spoken to your boards. 00:29:29
You should have by now. 00:29:34
Umm, I've talked to County Council members. 00:29:35
Constantly about this and the numbers changing. 00:29:39
Everybody has access to this. 00:29:42
So. 00:29:45
I reject, Sir. 00:29:47
That the mayor still needs to talk to the council because this has been going on for quite a while. 00:29:48
The numbers were just presented last week. 00:29:53
He's got a week and we're going to vote. 00:29:55
That's where we're at because we. 00:29:57
We've been given the same information here. 00:29:59
A couple weeks. 00:30:01
Straight and if. 00:30:02
If it's a choose not to participate, vote. 00:30:06
That's fine, but. 00:30:09
This isn't going to keep. 00:30:10
Dragging on into. 00:30:11
The fall to where we're. 00:30:13
Beating this dead horse until it's just bones. 00:30:16
So what we can do is. 00:30:21
Oh, by any chance do you have a draft? 00:30:24
Of what? The plan? 00:30:27
Looks like. 00:30:29
Yes. 00:30:30
I was just scary to say that. 00:30:31
I we Baker Tilly. 00:30:33
Can finish up that draft. We had a template already prepared, we just need to pop in some things. 00:30:35
I I would like to provide to you hopefully early next week. 00:30:42
A draft. 00:30:46
Two draft plans. 00:30:47
Scenario one, Scenario 2 with the numbers we discussed tonight, Which? 00:30:49
We will, by the way, provide scenarios. I will e-mail those out to you of the tax impact and the schedule of what we just talked 00:30:53
about tonight. 00:30:56
And then you can have some time. 00:31:00
To review that. 00:31:03
When is the next meeting, Diana? Is it next week? Thursday, OK. 00:31:04
So we need, yeah, we may not even need that last one. 00:31:10
I mean. 00:31:16
I so it's incumbent upon my fertility to get that to you as soon as possible. 00:31:18
So that is my goal. I will try my hardest to get it to you by Monday. 00:31:22
Is that enough time for you or would you rather us? I think that's enough time, but if you want. But that's a good point. Would 00:31:27
you like to cancel next weeks meeting so that you all have sufficient time to go through the plan? 00:31:33
The plan is. 00:31:40
A little lengthy. 00:31:41
Because we wanted to really describe. 00:31:44
Everything that's went into this, why these decisions were made, etc. 00:31:46
Would you rather? 00:31:51
How? I mean, I still want to try to get it to you at the beginning of next week, but I want you. 00:31:53
To have sufficient time. 00:31:58
The 20th. 00:32:01
Let me do that and if we can. 00:32:06
Then we will. 00:32:09
Schedule it for the 20th. Take the floor up there are available for the 20th. 00:32:11
And if not, my recommendation would be to cancel the 13th which is next week and this hold our September 3rd meeting at the final. 00:32:16
Voting meeting because that allows multiple loops to go over the plan. 00:32:24
That's on the 27th, already scheduled. 00:32:28
We've got. 00:32:31
No, I think it's on the 3rd, September 3rd, yeah. 00:32:32
Yeah. 00:32:35
I will look at the 20th. That's fine. 00:32:37
OK, I would like that. I mean, that gives you more time. That gives me more time. 00:32:48
And its budget season. 00:32:52
So Oh my goodness, there's a lot going on. Yeah, we're still ahead of schedule, so. 00:32:54
That's perfectly fine. OK, exactly fine. That worked for you. 00:33:01
OK. 00:33:05
Not next week. 00:33:13
Potentially the 20th, definitely the third. The 20th doesn't work. 00:33:14
OK, that sounds great. 00:33:18
If we need a. 00:33:21
Yeah. 00:33:23
OK, OK. 00:33:25
All right, sounds like a plan. 00:33:27
We will do everything in our power to get it to you the beginning of next week. 00:33:29
And then? 00:33:34
I think the next meeting is. 00:33:35
Just deciding. 00:33:37
What you want to do? 00:33:38
And we can always make changes to the plan. 00:33:40
Like if we get to our next meeting and you were like, oh, I think this needs to be changed. Yes, that's. 00:33:42
We can definitely do that. 00:33:47
OK if you need a scenario. 00:33:50
Ran before that meeting, Yes. Please let us know page and. 00:33:52
Yes, give her time to. 00:33:56
Run it and get it back to you. 00:33:58
Yeah, for sure. 00:33:59
All right. I don't have anything else. 00:34:02
But of course, I'm here at your pleasure, so. 00:34:04
Anyone up here have anything else? 00:34:09
No, I don't. 00:34:11
OK. All right. Thank you. 00:34:13
Thank you. Thank you. 00:34:16
This one and then I got probable next to. 00:34:17
131 can minister for the sheriff's supposed after 2027. 00:34:29
So it exists well, the units adopted 28 for implementation 29. 00:34:35