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Event transcript
Would you like me to start? It's all yours. Yes. Yes, ma'am. Go right ahead. 00:00:06
OK, I see that we have all members of the task. 00:00:11
Force present. 00:00:14
Tonight shouldn't take too long. 00:00:15
It depends on what questions you have, but. 00:00:18
When I left you last time. 00:00:20
We ended up with two scenarios. 00:00:23
And I'm going to share my screen and walk through both of those scenarios. 00:00:26
And then we're going to try to reach a consensus on which way you want to go for the non binding. 00:00:31
Recommended plan. 00:00:37
So let me share my screen. 00:00:38
And by the way, both of these scenarios are in the draft reports that we sent you. I did find a typo on the first page of the 00:00:41
report where. 00:00:45
New Albany OPS out. It was in the second paragraph. Those rates were wrong, but when I get to that, I'll point that out to you. 00:00:50
So let me share my screen. 00:00:57
OK, so we're going to start. 00:01:02
With the first scenario, which is the snake, New Albany opts into the county wide. 00:01:05
Municipal services rate. 00:01:12
So just to recap what we discussed last time. 00:01:15
That would mean that the total rate for all county residents would be the same. It would be two point. 00:01:19
Through 0%. 00:01:25
So the county would adopt A county services rate of .7%. 00:01:28
Which would generate about 21.25. 00:01:34
Million. 00:01:37
Then there would be the municipal county wide rate that would be adopted. 00:01:39
At a rate of 1.03%. 00:01:43
Troy County will get a share of that 6.2 million. 00:01:46
Georgetown would get a share of that at 2.2 million. Greenville would get a share at a little over 795,000. 00:01:50
And then the city of New Albany would get a share at $22 million. And it's important to note that both. 00:01:58
Floyd County and New Albany, actually. 00:02:05
A couple of different shares. Floyd County gets county services. 00:02:08
The municipal county wide. 00:02:12
And then also I think, oops, sorry. 00:02:15
Of those two and then. 00:02:19
I'm sorry, I'm flipping around here. 00:02:21
OK, let me go back to this SO. 00:02:24
The county gets 2 shares. They get a county services share which is 21.259 million. 00:02:26
And then the county also gets the municipal. 00:02:33
County wide share at 6.2 million. 00:02:36
Monopoly City gets 2 shares as well because. 00:02:39
That not only did I get the municipal. 00:02:42
Shares Municipal Capital Wide Shares at 22. 00:02:44
.061 million. 00:02:48
They also get the New Albany Fire Department shares at $5.7 million. 00:02:50
You all agreed, but it would be a good idea to put a rate on for the schools. 00:02:57
So that is .08% which would generate about what the schools are receiving now and local income tax and about $2.4 million. 00:03:02
Non municipal. 00:03:13
Where the townships we agreed on a rate. 00:03:14
Of .01%. 00:03:18
And you can see that that would generate for each of the townships, each Township would. 00:03:20
Get at least what they're getting now, or more. 00:03:24
Except for Franklin Township would get. 00:03:27
9235. 00:03:31
Dollars less than what they're receiving now. 00:03:33
For the libraries, you only have one library. 00:03:37
So the share would be .04%. 00:03:41
Which would generate 1.2 million which is about $52,000 more than what they are collecting now. 00:03:45
You also have some special units in the county. 00:03:53
So opening for it. 00:03:56
New Albany flood control. 00:03:58
Would be the only special unit that's remaining because the Ford County Solid Waste has disbanded so nearly. 00:04:00
Flight control and get the .04% which is 1.2 million. 00:04:07
Which is 189,000 more than what they're getting now. 00:04:11
And then that leaves us with fire and EMS so that. 00:04:16
Is distributed to the Floyd County Fire Protection Territory and the New Albany Fire Department. 00:04:21
.4% is the maximum rate. 00:04:26
So the fire territory would get 6.4 million. 00:04:29
Which is about 3.4 million more than they're getting now. But keep in mind they did just expand their service area. 00:04:33
And then the New Albany Fire Department would get 5.7 million. 00:04:41
And they're not really getting anything now that's directly distributed to the fire department. But of course, the city does use 00:04:46
their local income tax to support fire services. 00:04:50
And the property tax relief is something you have now if you aren't going to have it starting in 2029. 00:04:56
Implementation in 29. 00:05:04
So when you add up all of those rates, that means that all county residents would pay. 00:05:06
Would pay the same rate at 2.3%. 00:05:10
In the report. 00:05:17
It talks about what that. 00:05:19
Might do to the average taxpayer so. 00:05:21
Without having to show two things on the screen. They can go to the report here in a minute if you'd like, but. 00:05:26
For this particular agreement. 00:05:31
Well, proposal, I mean. 00:05:34
If the proposed lit rate is 2.3%, your current rate is 1.89%. That's a change in rate of point. 00:05:36
Or 1%? 00:05:43
What that would mean is a change in tax liability of about $324 annual. 00:05:45
For the average. 00:05:51
Taxpayer in your. 00:05:54
In your county? 00:05:56
OK, so now. 00:05:59
Well, I'll stop and see if anybody has any questions on this. 00:06:01
Option. I'll call it option one. 00:06:04
Again, we we discussed all of this at the last meeting, so there should be nothing in here. 00:06:07
All right, I'm going to move on to. 00:06:13
Option 2. 00:06:15
And that is New Albany adopts their own municipal rates, so everything is pretty much the same. 00:06:16
Starting with the schools on. 00:06:23
All those rates stay the same because. 00:06:26
Those rates are not impacted. 00:06:28
By weather in New Albany up center out. 00:06:30
But what does change is how how much shares? 00:06:33
The county needs to. 00:06:38
Kind of be made whole. 00:06:40
Because. 00:06:41
It changes. 00:06:43
The allocation to the county and the municipalities when? 00:06:44
A municipality OPS center out. So let's take a look at this so county services. 00:06:48
The county unit would need to adopt A rate of 0.82%. 00:06:54
To generate $24.9 million. 00:06:59
And and that rate would be applied to. 00:07:03
After all residents within the county. So both columns you see there is going to be .82%. 00:07:06
I should have mentioned that that. 00:07:13
This first column here, label one is residents outside of the opening, so basically county residents other than those living in 00:07:14
New Albany. And then we have a column that says New Albany residence. 00:07:20
So everyone's going to pay the .82? 00:07:26
Percent for the county service. 00:07:29
Now we go down to the municipal county wide. So if New Albany doesn't participate in the county wide. 00:07:31
Then we just need a rate of. 00:07:38
.16%. 00:07:40
For the county unit and the two municipalities, so. 00:07:43
The county would get 2.7 million of that. 00:07:47
Georgetown would get 451,000 roughly and Greenville. 00:07:50
Would get about 162,000 so. 00:07:55
You would be getting. 00:07:59
More than what you're receiving now under that. 00:08:00
Scenario. 00:08:03
And then in Albany, we assumed we'd go to the maximum rate of 1.2%. 00:08:05
So the estimated lit distribution for Nuovany would be 11.2 million roughly. 00:08:10
New Albany currently receives 21.9 million or that's estimated for 2026. So that would be a decrease in revenue. 00:08:17
Of about 10.710 point 8 million. 00:08:26
As I stated before. 00:08:31
Everything kind of remains the same, but it's important to note here that. 00:08:33
There will be. 00:08:37
Rates in the county based on this scenario depending on. 00:08:39
Where you where you reside? Where you live. 00:08:43
So again, the residents that are outside of New Albany would pay a rate of one point. 00:08:46
Five, 5%. 00:08:52
And if we compare that to the previous slide? 00:08:55
Of 2.3%, that's actually lower. 00:08:59
And then the residents of New Albany would pay 2.59% and if you compare it to the previous slide, that is higher than the 2.3. 00:09:04
So it does make a difference whether the city opts. 00:09:14
In or out? 00:09:17
And I will also add the. 00:09:19
Taxpayer impact so. 00:09:23
Residents outside of New Albany would actually see a decrease. 00:09:26
And the tax liability and this again is just based on the average. 00:09:30
Taxpayer, in your county, the decrease would be about $268 under this because as I stated before, it's earlier than what your 00:09:34
current rate is. Your current rate is 1.89%. 00:09:39
However, the residents of New Albany would experience an increase of $553 under this particular scenario because the rate. 00:09:46
Is higher than the current 1.89% that you have in the county. 00:09:54
Any questions so far on that? 00:10:00
Her thoughts are comments. 00:10:04
I'm seeing none. 00:10:08
So I can take a deeper dive into the reports if you would like. The reports are just. 00:10:12
These two scenarios with some narrative in there and explaining kind of the process and. 00:10:18
The taxpayer impact etc. There's. 00:10:25
You know nothing that doesn't coincide with what I have on the screen. 00:10:27
Would you like me to go through those reports briefly or do you or just open it up to discussion at this point? 00:10:33
I think we're ready for discussion and. 00:10:44
Yup. 00:10:47
Yeah, I'll just. 00:10:51
Maybe I should have started out by saying your objective for tonight. 00:10:52
Is to. 00:10:56
Come to some consensus. 00:10:59
On. 00:11:02
One of these. 00:11:03
Proposed plans if. 00:11:04
You can't come to a consensus then. Is there something else you would like to see? Would you like to see another scenario? 00:11:06
If you know it. 00:11:15
Kind of just depends on on what. 00:11:17
Avenue you want to check? I left last time. 00:11:19
Thinking that. 00:11:22
You know, it was going to be one of these two scenarios, but we could obviously run. 00:11:23
Other scenarios if you wish. 00:11:27
If you do come to a consensus, you just need to take a vote. 00:11:29
And. 00:11:32
You don't have to sign and you can deny it, but we'll document the vote and then we'll send out the report via DocuSign so that 00:11:34
you can sign. 00:11:38
The recorder and then we can fold it on to DLGF and Justice as a reminder. 00:11:42
We need to submit the final report to DLG by. 00:11:46
November the 2nd. 00:11:50
Paige I I think. 00:11:55
From. 00:11:58
Talking to the members that. 00:11:59
There's a. 00:12:00
There's a third option that will happen tonight, if that's. 00:12:01
Possible with one member. 00:12:05
Basically abstaining from. 00:12:07
Signing on. 00:12:11
To any recommendation? 00:12:12
Even if it's a split vote. 00:12:14
OK. 00:12:17
So if that's the case, and that's that's totally fine, a member can abstain. And if that if that's the case, then the remaining 00:12:19
members should decide on which plan they would like to. 00:12:25
Vote on and then we will just make note in the report that we had a member abstain. 00:12:31
And you can still submit a report. I still think it's beneficial to submit. 00:12:37
A report, even if. 00:12:42
Somewhat obsessed. That's totally fine, because remember, this isn't. 00:12:43
Official this is not binding. 00:12:47
So it's if. 00:12:50
If a member. 00:12:51
Doesn't wish to vote for either. 00:12:52
Either. 00:12:55
Scenario now. 00:12:56
If that member that's abstaining if. 00:12:57
They would like to see another scenario. That's something. 00:12:59
That we could certainly do before. 00:13:02
You know you. 00:13:04
Decide to finalize those. 00:13:05
Any desire to see any other scenarios? 00:13:11
Only if it makes it better for the city. 00:13:16
Paige, I don't know. 00:13:22
The go ahead, Linda, I'll let you. 00:13:24
I'm pushing the button. It's it's green. You're good. Just one time. I can hear you. 00:13:27
Yeah, I can hear you. 00:13:32
There you go. Good. 00:13:36
Oh, up here, OK. 00:13:38
I think the only scenario, I mean the only other scenario is if it. 00:13:40
If the situation improved for the citizens of New Albany. 00:13:44
Otherwise if. 00:13:49
You know, I don't know if. 00:13:50
Is option A the best case scenario? 00:13:51
For the city. 00:13:55
To retain the current. 00:13:58
Yeah, yeah. 00:13:59
Didn't have been received now, right? That's the goal. 00:14:02
The city's looking to retain. 00:14:06
Current levels of revenue. 00:14:07
Or. 00:14:09
Better. 00:14:10
Is option A the best? 00:14:11
The best option? 00:14:14
Or is that the? 00:14:16
Is that the bet as as? 00:14:17
Good as it gets, I guess, for. 00:14:19
That scenario. 00:14:21
Are you asking me, Danny? Yes, I am. 00:14:26
OK. 00:14:29
So yes, I mean. 00:14:30
I think we can all agree that option A is the best case scenario it makes pretty much. 00:14:33
Everyone who? 00:14:39
And it is. 00:14:42
Beneficial to the taxpayer as well. 00:14:45
I should say there's less of a tax impact to the taxpayers. 00:14:47
Now I understand. 00:14:51
The city's concern? 00:14:54
About well, maybe I, I don't know the exact concerns, but I think the city's concerns is having. 00:14:56
The county County be. 00:15:02
The fiscal body that adopts the municipal rate. 00:15:05
Is it? Would it help if we wrote something in the plan? 00:15:08
That that. 00:15:13
Maybe committed the Council. 00:15:16
283 Like if you say we made a rate to make us whole. 00:15:19
And the Council has to. 00:15:25
Commit to that. 00:15:27
What right now that's not in the legislation, but would. 00:15:29
Would that be something that? 00:15:32
If we vote that in the plan. 00:15:35
That that might develop some sort of consensus. 00:15:37
The county has. 00:15:40
Stated we're open to an interlocal. 00:15:41
If that's what's required or necessary for. 00:15:43
For the process to move forward, go ahead. 00:15:51
No, and I appreciate that, Councillor I. 00:15:53
Want to remind everybody this is a non binding exercise that. 00:15:57
A legislative body. 00:16:01
Put forward. 00:16:02
To allow for discourse and conversation. 00:16:04
You're still in my words. I appreciate that. And good. 00:16:08
As a result of this exercise, they want to see where people don't agree. 00:16:10
To to your point. 00:16:14
This we have drafted. 00:16:17
A2 page report to be attached to the. 00:16:19
The draft report. 00:16:22
At one page is. 00:16:26
For the public. 00:16:27
Consumption. The second page is for. 00:16:29
Legislative. Legislative. 00:16:32
Recommendations. 00:16:35
Such as the one you just mentioned. 00:16:37
There is also a four page report that we put together that is just for Baker. 00:16:40
It's just. 00:16:45
Our recommendations that report that. 00:16:46
We they can. 00:16:48
Take. 00:16:49
Not taking those enough or. 00:16:50
Public consumption is just. 00:16:52
For one consult to the other, consider those changes and that's it. 00:16:54
But. 00:16:58
I believe that. 00:16:59
The report that we put together. 00:17:00
We'll answer those questions. 00:17:04
And those have been submitted to page. 00:17:05
Were they submitted to me just today? 00:17:13
I mean, to my knowledge, I haven't received anything. Yeah, I believe Linda sent to you earlier. We have a. 00:17:19
We have the one pager here so. 00:17:23
I don't want to read out loud point by point, but. 00:17:26
The two. 00:17:30
And the four pager should have been emailed to you. 00:17:32
OK. 00:17:35
I'll I'll check my e-mail. I haven't checked it in a couple hours so. 00:17:36
So that that's fine. I mean, I think that's great we can add. 00:17:41
Some information to the report as an attachment. 00:17:45
So now it comes back to which report do you want to add that to? Do you want to? 00:17:49
Add it to the opt in or the opt out. 00:17:55
Or are you suggesting that? 00:17:58
We create a new report based on your suggestions. 00:18:00
The opt in is. 00:18:11
A county wide rate. 00:18:15
Which the answer is a no vote. 00:18:16
The opt out. 00:18:20
It's really not a contemplation because. 00:18:22
Is the same as the Novo. 00:18:27
Because there is, you're ultimately saying opting out. And that was. 00:18:29
Really. 00:18:33
You know. 00:18:35
Not contemplated. So the recommendations that we are suggesting. 00:18:36
Are one of the same. 00:18:41
Well, the opt out actually is. 00:18:45
And maybe that's a poor choice of words, but the opt out means that New Albany is going to adopt. 00:18:47
The New Albany City Council is going to adopt their own municipal rate. 00:18:52
So it's either they're adopting their own municipal rate. 00:18:57
Or they're going to be a part of the county wide municipal services. 00:19:00
I think that those are two very different options. 00:19:04
But the way that the reports laid out, again, I I would encourage. 00:19:08
That we have a four page response because those are. 00:19:12
That is now how we understood the exercise. 00:19:16
To go, it's either you. 00:19:19
Vote yes or no. 00:19:21
And if no, why? And we are providing the nose and the whys. 00:19:23
And. 00:19:28
Some suggestions on the reports. 00:19:29
OK, so based on those comments, this is what I. 00:19:32
This is what I would suggest. 00:19:36
We are going to go with the. 00:19:38
Opt in. 00:19:41
Report. 00:19:42
And I am Baker Tilly will review the information provided to us by by New Albany's financial advisors. 00:19:44
Advisor, I'm sorry. 00:19:52
And we will send out. 00:19:54
A revised. 00:19:56
Version of the report. 00:19:58
I don't know. 00:20:01
What recommendations were made yet? So we will decide whether we will include those or not. Actually, it's the task force that 00:20:02
really needs to decide that, but we'll. 00:20:06
We will use our best judgment. 00:20:10
And send all of you via e-mail a draft. 00:20:12
Of of the revised report that it will be opt in, city opts in because it sounds like that is the one that they're going to vote no 00:20:17
to. 00:20:21
And then? 00:20:26
There can be an attachment. 00:20:27
And then I will need to hear back from all of you comments. 00:20:29
If we need to wait up, we can, but I think we're at the point where. 00:20:34
You'll review the draft reports. 00:20:37
You can send report. I'm sorry it's only one report you can send. 00:20:40
Me whatever changes. 00:20:44
Concerns. Recommendations to me? 00:20:49
And we'll update accordingly until we get. 00:20:52
Something that we can get. 00:20:56
A majority consensus on. 00:20:58
Any thoughts on that plan of action? 00:21:01
I I just want to state. 00:21:09
For the record, that. 00:21:11
The county doesn't care if the city opts in or out. 00:21:12
The citizens of the city are county residents and. 00:21:16
I would hate to see them burdened with. 00:21:22
Even more tax. 00:21:25
And. 00:21:27
But if the city opts out. 00:21:29
The county's tax rate drops to 155. 00:21:33
Or in that general area. 00:21:36
So. 00:21:39
As Mr. 00:21:43
Guterres said it's. 00:21:44
Non binding but. 00:21:45
It's not. 00:21:47
Not forever, going to be non binding. 00:21:48
Is going to be binding. 00:21:50
Pretty soon in the world of. 00:21:52
Fiscal responsibility, so. 00:21:54
I'm good moving forward with. 00:22:03
The recommendation if we need to work it that way and the city votes no. 00:22:05
They can attach whatever documents they want to it, have no problem with that. 00:22:09
OK, well, I think. 00:22:15
You're ready for a vote then. 00:22:17
Unless you want something changed in the document, I think. 00:22:19
You can vote. 00:22:22
And. 00:22:23
We can put in an attachment. 00:22:25
Xbox, what's up? What you all decide. I would probably include that in your. 00:22:29
Emotional, that. 00:22:34
You you agree to put in. 00:22:36
The attachment from the financial advisor. 00:22:38
I'll make a motion. 00:22:41
To adopt option A. 00:22:42
The opt in option. 00:22:45
With allowing the city to attach the documents that they wish to go to the state legislature. 00:22:48
And I'll second. 00:22:55
We have a motion, a second, any discussion? 00:22:58
All in favor say aye. 00:23:03
Aye, any opposed? 00:23:04
No, for the city of New Albany. So we have a. 00:23:06
Three eyes, one no. 00:23:09
The know from the City of New Albany. 00:23:11
OK. So if somebody has a copy of that report or I can send it out for DocuSign, we just need to mark? 00:23:14
You know. 00:23:22
The notes and signature. 00:23:23
It's on the very last page of the report. Let's do DocuSign if you don't mind please. 00:23:26
I certainly will. 00:23:30
Yep, I will send that around the e-mail. So be prepared to see a DocuSign from Paper Tilly. 00:23:33
And we'll get that signed and we we will include. 00:23:39
You I forgot. 00:23:43
Marsha, did you say you would include the attachment? 00:23:45
OK, OK, so I will. 00:23:49
I will include the attachment. 00:23:51
All right. Well, I thank you very much for your participation. 00:23:55
And I will be copying all of you when you send the final report to the DLGF. 00:23:59
Thank you, Paige. 00:24:04
Thanks, Paige. Thank you very much. 00:24:05

Transcript

Event transcript
Would you like me to start? It's all yours. Yes. Yes, ma'am. Go right ahead. 00:00:06
OK, I see that we have all members of the task. 00:00:11
Force present. 00:00:14
Tonight shouldn't take too long. 00:00:15
It depends on what questions you have, but. 00:00:18
When I left you last time. 00:00:20
We ended up with two scenarios. 00:00:23
And I'm going to share my screen and walk through both of those scenarios. 00:00:26
And then we're going to try to reach a consensus on which way you want to go for the non binding. 00:00:31
Recommended plan. 00:00:37
So let me share my screen. 00:00:38
And by the way, both of these scenarios are in the draft reports that we sent you. I did find a typo on the first page of the 00:00:41
report where. 00:00:45
New Albany OPS out. It was in the second paragraph. Those rates were wrong, but when I get to that, I'll point that out to you. 00:00:50
So let me share my screen. 00:00:57
OK, so we're going to start. 00:01:02
With the first scenario, which is the snake, New Albany opts into the county wide. 00:01:05
Municipal services rate. 00:01:12
So just to recap what we discussed last time. 00:01:15
That would mean that the total rate for all county residents would be the same. It would be two point. 00:01:19
Through 0%. 00:01:25
So the county would adopt A county services rate of .7%. 00:01:28
Which would generate about 21.25. 00:01:34
Million. 00:01:37
Then there would be the municipal county wide rate that would be adopted. 00:01:39
At a rate of 1.03%. 00:01:43
Troy County will get a share of that 6.2 million. 00:01:46
Georgetown would get a share of that at 2.2 million. Greenville would get a share at a little over 795,000. 00:01:50
And then the city of New Albany would get a share at $22 million. And it's important to note that both. 00:01:58
Floyd County and New Albany, actually. 00:02:05
A couple of different shares. Floyd County gets county services. 00:02:08
The municipal county wide. 00:02:12
And then also I think, oops, sorry. 00:02:15
Of those two and then. 00:02:19
I'm sorry, I'm flipping around here. 00:02:21
OK, let me go back to this SO. 00:02:24
The county gets 2 shares. They get a county services share which is 21.259 million. 00:02:26
And then the county also gets the municipal. 00:02:33
County wide share at 6.2 million. 00:02:36
Monopoly City gets 2 shares as well because. 00:02:39
That not only did I get the municipal. 00:02:42
Shares Municipal Capital Wide Shares at 22. 00:02:44
.061 million. 00:02:48
They also get the New Albany Fire Department shares at $5.7 million. 00:02:50
You all agreed, but it would be a good idea to put a rate on for the schools. 00:02:57
So that is .08% which would generate about what the schools are receiving now and local income tax and about $2.4 million. 00:03:02
Non municipal. 00:03:13
Where the townships we agreed on a rate. 00:03:14
Of .01%. 00:03:18
And you can see that that would generate for each of the townships, each Township would. 00:03:20
Get at least what they're getting now, or more. 00:03:24
Except for Franklin Township would get. 00:03:27
9235. 00:03:31
Dollars less than what they're receiving now. 00:03:33
For the libraries, you only have one library. 00:03:37
So the share would be .04%. 00:03:41
Which would generate 1.2 million which is about $52,000 more than what they are collecting now. 00:03:45
You also have some special units in the county. 00:03:53
So opening for it. 00:03:56
New Albany flood control. 00:03:58
Would be the only special unit that's remaining because the Ford County Solid Waste has disbanded so nearly. 00:04:00
Flight control and get the .04% which is 1.2 million. 00:04:07
Which is 189,000 more than what they're getting now. 00:04:11
And then that leaves us with fire and EMS so that. 00:04:16
Is distributed to the Floyd County Fire Protection Territory and the New Albany Fire Department. 00:04:21
.4% is the maximum rate. 00:04:26
So the fire territory would get 6.4 million. 00:04:29
Which is about 3.4 million more than they're getting now. But keep in mind they did just expand their service area. 00:04:33
And then the New Albany Fire Department would get 5.7 million. 00:04:41
And they're not really getting anything now that's directly distributed to the fire department. But of course, the city does use 00:04:46
their local income tax to support fire services. 00:04:50
And the property tax relief is something you have now if you aren't going to have it starting in 2029. 00:04:56
Implementation in 29. 00:05:04
So when you add up all of those rates, that means that all county residents would pay. 00:05:06
Would pay the same rate at 2.3%. 00:05:10
In the report. 00:05:17
It talks about what that. 00:05:19
Might do to the average taxpayer so. 00:05:21
Without having to show two things on the screen. They can go to the report here in a minute if you'd like, but. 00:05:26
For this particular agreement. 00:05:31
Well, proposal, I mean. 00:05:34
If the proposed lit rate is 2.3%, your current rate is 1.89%. That's a change in rate of point. 00:05:36
Or 1%? 00:05:43
What that would mean is a change in tax liability of about $324 annual. 00:05:45
For the average. 00:05:51
Taxpayer in your. 00:05:54
In your county? 00:05:56
OK, so now. 00:05:59
Well, I'll stop and see if anybody has any questions on this. 00:06:01
Option. I'll call it option one. 00:06:04
Again, we we discussed all of this at the last meeting, so there should be nothing in here. 00:06:07
All right, I'm going to move on to. 00:06:13
Option 2. 00:06:15
And that is New Albany adopts their own municipal rates, so everything is pretty much the same. 00:06:16
Starting with the schools on. 00:06:23
All those rates stay the same because. 00:06:26
Those rates are not impacted. 00:06:28
By weather in New Albany up center out. 00:06:30
But what does change is how how much shares? 00:06:33
The county needs to. 00:06:38
Kind of be made whole. 00:06:40
Because. 00:06:41
It changes. 00:06:43
The allocation to the county and the municipalities when? 00:06:44
A municipality OPS center out. So let's take a look at this so county services. 00:06:48
The county unit would need to adopt A rate of 0.82%. 00:06:54
To generate $24.9 million. 00:06:59
And and that rate would be applied to. 00:07:03
After all residents within the county. So both columns you see there is going to be .82%. 00:07:06
I should have mentioned that that. 00:07:13
This first column here, label one is residents outside of the opening, so basically county residents other than those living in 00:07:14
New Albany. And then we have a column that says New Albany residence. 00:07:20
So everyone's going to pay the .82? 00:07:26
Percent for the county service. 00:07:29
Now we go down to the municipal county wide. So if New Albany doesn't participate in the county wide. 00:07:31
Then we just need a rate of. 00:07:38
.16%. 00:07:40
For the county unit and the two municipalities, so. 00:07:43
The county would get 2.7 million of that. 00:07:47
Georgetown would get 451,000 roughly and Greenville. 00:07:50
Would get about 162,000 so. 00:07:55
You would be getting. 00:07:59
More than what you're receiving now under that. 00:08:00
Scenario. 00:08:03
And then in Albany, we assumed we'd go to the maximum rate of 1.2%. 00:08:05
So the estimated lit distribution for Nuovany would be 11.2 million roughly. 00:08:10
New Albany currently receives 21.9 million or that's estimated for 2026. So that would be a decrease in revenue. 00:08:17
Of about 10.710 point 8 million. 00:08:26
As I stated before. 00:08:31
Everything kind of remains the same, but it's important to note here that. 00:08:33
There will be. 00:08:37
Rates in the county based on this scenario depending on. 00:08:39
Where you where you reside? Where you live. 00:08:43
So again, the residents that are outside of New Albany would pay a rate of one point. 00:08:46
Five, 5%. 00:08:52
And if we compare that to the previous slide? 00:08:55
Of 2.3%, that's actually lower. 00:08:59
And then the residents of New Albany would pay 2.59% and if you compare it to the previous slide, that is higher than the 2.3. 00:09:04
So it does make a difference whether the city opts. 00:09:14
In or out? 00:09:17
And I will also add the. 00:09:19
Taxpayer impact so. 00:09:23
Residents outside of New Albany would actually see a decrease. 00:09:26
And the tax liability and this again is just based on the average. 00:09:30
Taxpayer, in your county, the decrease would be about $268 under this because as I stated before, it's earlier than what your 00:09:34
current rate is. Your current rate is 1.89%. 00:09:39
However, the residents of New Albany would experience an increase of $553 under this particular scenario because the rate. 00:09:46
Is higher than the current 1.89% that you have in the county. 00:09:54
Any questions so far on that? 00:10:00
Her thoughts are comments. 00:10:04
I'm seeing none. 00:10:08
So I can take a deeper dive into the reports if you would like. The reports are just. 00:10:12
These two scenarios with some narrative in there and explaining kind of the process and. 00:10:18
The taxpayer impact etc. There's. 00:10:25
You know nothing that doesn't coincide with what I have on the screen. 00:10:27
Would you like me to go through those reports briefly or do you or just open it up to discussion at this point? 00:10:33
I think we're ready for discussion and. 00:10:44
Yup. 00:10:47
Yeah, I'll just. 00:10:51
Maybe I should have started out by saying your objective for tonight. 00:10:52
Is to. 00:10:56
Come to some consensus. 00:10:59
On. 00:11:02
One of these. 00:11:03
Proposed plans if. 00:11:04
You can't come to a consensus then. Is there something else you would like to see? Would you like to see another scenario? 00:11:06
If you know it. 00:11:15
Kind of just depends on on what. 00:11:17
Avenue you want to check? I left last time. 00:11:19
Thinking that. 00:11:22
You know, it was going to be one of these two scenarios, but we could obviously run. 00:11:23
Other scenarios if you wish. 00:11:27
If you do come to a consensus, you just need to take a vote. 00:11:29
And. 00:11:32
You don't have to sign and you can deny it, but we'll document the vote and then we'll send out the report via DocuSign so that 00:11:34
you can sign. 00:11:38
The recorder and then we can fold it on to DLGF and Justice as a reminder. 00:11:42
We need to submit the final report to DLG by. 00:11:46
November the 2nd. 00:11:50
Paige I I think. 00:11:55
From. 00:11:58
Talking to the members that. 00:11:59
There's a. 00:12:00
There's a third option that will happen tonight, if that's. 00:12:01
Possible with one member. 00:12:05
Basically abstaining from. 00:12:07
Signing on. 00:12:11
To any recommendation? 00:12:12
Even if it's a split vote. 00:12:14
OK. 00:12:17
So if that's the case, and that's that's totally fine, a member can abstain. And if that if that's the case, then the remaining 00:12:19
members should decide on which plan they would like to. 00:12:25
Vote on and then we will just make note in the report that we had a member abstain. 00:12:31
And you can still submit a report. I still think it's beneficial to submit. 00:12:37
A report, even if. 00:12:42
Somewhat obsessed. That's totally fine, because remember, this isn't. 00:12:43
Official this is not binding. 00:12:47
So it's if. 00:12:50
If a member. 00:12:51
Doesn't wish to vote for either. 00:12:52
Either. 00:12:55
Scenario now. 00:12:56
If that member that's abstaining if. 00:12:57
They would like to see another scenario. That's something. 00:12:59
That we could certainly do before. 00:13:02
You know you. 00:13:04
Decide to finalize those. 00:13:05
Any desire to see any other scenarios? 00:13:11
Only if it makes it better for the city. 00:13:16
Paige, I don't know. 00:13:22
The go ahead, Linda, I'll let you. 00:13:24
I'm pushing the button. It's it's green. You're good. Just one time. I can hear you. 00:13:27
Yeah, I can hear you. 00:13:32
There you go. Good. 00:13:36
Oh, up here, OK. 00:13:38
I think the only scenario, I mean the only other scenario is if it. 00:13:40
If the situation improved for the citizens of New Albany. 00:13:44
Otherwise if. 00:13:49
You know, I don't know if. 00:13:50
Is option A the best case scenario? 00:13:51
For the city. 00:13:55
To retain the current. 00:13:58
Yeah, yeah. 00:13:59
Didn't have been received now, right? That's the goal. 00:14:02
The city's looking to retain. 00:14:06
Current levels of revenue. 00:14:07
Or. 00:14:09
Better. 00:14:10
Is option A the best? 00:14:11
The best option? 00:14:14
Or is that the? 00:14:16
Is that the bet as as? 00:14:17
Good as it gets, I guess, for. 00:14:19
That scenario. 00:14:21
Are you asking me, Danny? Yes, I am. 00:14:26
OK. 00:14:29
So yes, I mean. 00:14:30
I think we can all agree that option A is the best case scenario it makes pretty much. 00:14:33
Everyone who? 00:14:39
And it is. 00:14:42
Beneficial to the taxpayer as well. 00:14:45
I should say there's less of a tax impact to the taxpayers. 00:14:47
Now I understand. 00:14:51
The city's concern? 00:14:54
About well, maybe I, I don't know the exact concerns, but I think the city's concerns is having. 00:14:56
The county County be. 00:15:02
The fiscal body that adopts the municipal rate. 00:15:05
Is it? Would it help if we wrote something in the plan? 00:15:08
That that. 00:15:13
Maybe committed the Council. 00:15:16
283 Like if you say we made a rate to make us whole. 00:15:19
And the Council has to. 00:15:25
Commit to that. 00:15:27
What right now that's not in the legislation, but would. 00:15:29
Would that be something that? 00:15:32
If we vote that in the plan. 00:15:35
That that might develop some sort of consensus. 00:15:37
The county has. 00:15:40
Stated we're open to an interlocal. 00:15:41
If that's what's required or necessary for. 00:15:43
For the process to move forward, go ahead. 00:15:51
No, and I appreciate that, Councillor I. 00:15:53
Want to remind everybody this is a non binding exercise that. 00:15:57
A legislative body. 00:16:01
Put forward. 00:16:02
To allow for discourse and conversation. 00:16:04
You're still in my words. I appreciate that. And good. 00:16:08
As a result of this exercise, they want to see where people don't agree. 00:16:10
To to your point. 00:16:14
This we have drafted. 00:16:17
A2 page report to be attached to the. 00:16:19
The draft report. 00:16:22
At one page is. 00:16:26
For the public. 00:16:27
Consumption. The second page is for. 00:16:29
Legislative. Legislative. 00:16:32
Recommendations. 00:16:35
Such as the one you just mentioned. 00:16:37
There is also a four page report that we put together that is just for Baker. 00:16:40
It's just. 00:16:45
Our recommendations that report that. 00:16:46
We they can. 00:16:48
Take. 00:16:49
Not taking those enough or. 00:16:50
Public consumption is just. 00:16:52
For one consult to the other, consider those changes and that's it. 00:16:54
But. 00:16:58
I believe that. 00:16:59
The report that we put together. 00:17:00
We'll answer those questions. 00:17:04
And those have been submitted to page. 00:17:05
Were they submitted to me just today? 00:17:13
I mean, to my knowledge, I haven't received anything. Yeah, I believe Linda sent to you earlier. We have a. 00:17:19
We have the one pager here so. 00:17:23
I don't want to read out loud point by point, but. 00:17:26
The two. 00:17:30
And the four pager should have been emailed to you. 00:17:32
OK. 00:17:35
I'll I'll check my e-mail. I haven't checked it in a couple hours so. 00:17:36
So that that's fine. I mean, I think that's great we can add. 00:17:41
Some information to the report as an attachment. 00:17:45
So now it comes back to which report do you want to add that to? Do you want to? 00:17:49
Add it to the opt in or the opt out. 00:17:55
Or are you suggesting that? 00:17:58
We create a new report based on your suggestions. 00:18:00
The opt in is. 00:18:11
A county wide rate. 00:18:15
Which the answer is a no vote. 00:18:16
The opt out. 00:18:20
It's really not a contemplation because. 00:18:22
Is the same as the Novo. 00:18:27
Because there is, you're ultimately saying opting out. And that was. 00:18:29
Really. 00:18:33
You know. 00:18:35
Not contemplated. So the recommendations that we are suggesting. 00:18:36
Are one of the same. 00:18:41
Well, the opt out actually is. 00:18:45
And maybe that's a poor choice of words, but the opt out means that New Albany is going to adopt. 00:18:47
The New Albany City Council is going to adopt their own municipal rate. 00:18:52
So it's either they're adopting their own municipal rate. 00:18:57
Or they're going to be a part of the county wide municipal services. 00:19:00
I think that those are two very different options. 00:19:04
But the way that the reports laid out, again, I I would encourage. 00:19:08
That we have a four page response because those are. 00:19:12
That is now how we understood the exercise. 00:19:16
To go, it's either you. 00:19:19
Vote yes or no. 00:19:21
And if no, why? And we are providing the nose and the whys. 00:19:23
And. 00:19:28
Some suggestions on the reports. 00:19:29
OK, so based on those comments, this is what I. 00:19:32
This is what I would suggest. 00:19:36
We are going to go with the. 00:19:38
Opt in. 00:19:41
Report. 00:19:42
And I am Baker Tilly will review the information provided to us by by New Albany's financial advisors. 00:19:44
Advisor, I'm sorry. 00:19:52
And we will send out. 00:19:54
A revised. 00:19:56
Version of the report. 00:19:58
I don't know. 00:20:01
What recommendations were made yet? So we will decide whether we will include those or not. Actually, it's the task force that 00:20:02
really needs to decide that, but we'll. 00:20:06
We will use our best judgment. 00:20:10
And send all of you via e-mail a draft. 00:20:12
Of of the revised report that it will be opt in, city opts in because it sounds like that is the one that they're going to vote no 00:20:17
to. 00:20:21
And then? 00:20:26
There can be an attachment. 00:20:27
And then I will need to hear back from all of you comments. 00:20:29
If we need to wait up, we can, but I think we're at the point where. 00:20:34
You'll review the draft reports. 00:20:37
You can send report. I'm sorry it's only one report you can send. 00:20:40
Me whatever changes. 00:20:44
Concerns. Recommendations to me? 00:20:49
And we'll update accordingly until we get. 00:20:52
Something that we can get. 00:20:56
A majority consensus on. 00:20:58
Any thoughts on that plan of action? 00:21:01
I I just want to state. 00:21:09
For the record, that. 00:21:11
The county doesn't care if the city opts in or out. 00:21:12
The citizens of the city are county residents and. 00:21:16
I would hate to see them burdened with. 00:21:22
Even more tax. 00:21:25
And. 00:21:27
But if the city opts out. 00:21:29
The county's tax rate drops to 155. 00:21:33
Or in that general area. 00:21:36
So. 00:21:39
As Mr. 00:21:43
Guterres said it's. 00:21:44
Non binding but. 00:21:45
It's not. 00:21:47
Not forever, going to be non binding. 00:21:48
Is going to be binding. 00:21:50
Pretty soon in the world of. 00:21:52
Fiscal responsibility, so. 00:21:54
I'm good moving forward with. 00:22:03
The recommendation if we need to work it that way and the city votes no. 00:22:05
They can attach whatever documents they want to it, have no problem with that. 00:22:09
OK, well, I think. 00:22:15
You're ready for a vote then. 00:22:17
Unless you want something changed in the document, I think. 00:22:19
You can vote. 00:22:22
And. 00:22:23
We can put in an attachment. 00:22:25
Xbox, what's up? What you all decide. I would probably include that in your. 00:22:29
Emotional, that. 00:22:34
You you agree to put in. 00:22:36
The attachment from the financial advisor. 00:22:38
I'll make a motion. 00:22:41
To adopt option A. 00:22:42
The opt in option. 00:22:45
With allowing the city to attach the documents that they wish to go to the state legislature. 00:22:48
And I'll second. 00:22:55
We have a motion, a second, any discussion? 00:22:58
All in favor say aye. 00:23:03
Aye, any opposed? 00:23:04
No, for the city of New Albany. So we have a. 00:23:06
Three eyes, one no. 00:23:09
The know from the City of New Albany. 00:23:11
OK. So if somebody has a copy of that report or I can send it out for DocuSign, we just need to mark? 00:23:14
You know. 00:23:22
The notes and signature. 00:23:23
It's on the very last page of the report. Let's do DocuSign if you don't mind please. 00:23:26
I certainly will. 00:23:30
Yep, I will send that around the e-mail. So be prepared to see a DocuSign from Paper Tilly. 00:23:33
And we'll get that signed and we we will include. 00:23:39
You I forgot. 00:23:43
Marsha, did you say you would include the attachment? 00:23:45
OK, OK, so I will. 00:23:49
I will include the attachment. 00:23:51
All right. Well, I thank you very much for your participation. 00:23:55
And I will be copying all of you when you send the final report to the DLGF. 00:23:59
Thank you, Paige. 00:24:04
Thanks, Paige. Thank you very much. 00:24:05