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Somebody online.

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» I think she has she

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the professional
Do you want me to text Kim and tell Kim

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to mute her thing?
>> Yeah.

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» So, you can't see it back here.
>> It's too far away.

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» Yeah, I want to go back to that. But I
need to be able to see this at the same

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time because this keeps out. So, I have
to keep the button.

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Hammerhead

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people have

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Yes,

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» I sent a text saying mute yourself.
>> I got it.

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» Okay, Steve. Now, what were you gonna
do? So, you want to just share your

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screen so they can see your PowerPoint?
>> But I still need to be able to see what

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I'm doing, too.

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» Need to share a tab.
Yeah.

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Go to window.
Yeah, there you go.

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Now you should be able to see both.
I don't know if you'll be able to click

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through. That's the tricky part.
You still have to click through the

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presentation.

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» So now if you minimize that, they still
see that presentation.

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» Minimize
>> the the PowerPoint.

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» Yeah. So they're still going to see that
PowerPoint, but

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» Okay. So then go back to year to here
>> for us.

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» Yeah. So, but you'll still have to Yeah,
there you go.

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» Okay. Is that where we're at?
>> Need need two monitors.

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» I'm sorry. I need a lot of things.
>> Okay. Um, page five is next.

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So now on page five, I'm moving from
2025 Senate Bill one to what was

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approved in 2026 this year. Uh so House
Bill 1210,

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uh that structure we just talked about
on local income tax, it moved from 2028

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implementation to 2029. So they push it
back one year. So the county will have

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to adopt the rates in 2028 to be
effective in 2029. the county council.

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Um
the first adoption, the way it reads in

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the statute shows a three-year adoption
and then after 2031, it's readopted

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every year after that. So the first year
you adopt in 2029, last through 2031,

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and then read every year thereafter.
Uh now instead of the 3500 population

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number, now all cities and towns going
to opt in to the under 3500 rate

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which the county sets and like I
mentioned before

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that is what we have found that's much
more beneficial

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to those city the most cities and towns
in the state to opt into that rate

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compared to doing their home. So, I did
have a question. Has anybody reached out

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to you guys like Syracuse, Warsaw?
>> Not in any official um Okay. capacity,

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but the state law does say that we to do
the committee.

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» Well, it's it's not required.
Not required. And And it does have uh

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language in there that says if you make
a decision, it must be unanimous. I

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don't think you have to make it. Suan
may have a different but what I read is

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you don't have to make a decision. If
you do, it has to be unanimous.

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» It's Yeah.
>> Yes. Yeah. So, I'm sure they will be

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reaching out to the county because,
>> you know, they benefit more from the

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county setting the rate than doing their
own, the ones that are over 3,500 in

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population. Yeah,
>> Trish Trish G sent a me yesterday from

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Milford asking about the must committee.
>> Yes.

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» To see if anything been done. I just
sent one back and said nothing but dead

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yet, but we know it's off the horizon.
>> Yeah. Yeah. They call it the must task

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force. So it's one member from county
council and then a fiscal officer from

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each one of those city sts is what it'll
be. Um, so I will help you guys on the

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numbers. You may have them already, but
I can help you out with that on the

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formula as well. Um,
>> so just to clarify, I'm sorry. Then you

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keep asking seated netit, we would be
able to continue to collect that until

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such time as we switch and then seed it
goes away.

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» That goes through 2028.
>> Okay. But then it goes away. It has to

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be a part of your bigger structure.
>> Yeah. So I didn't mention that earlier

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and I apologize. So local income income
tax the current structure is you're

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seated uh or coach county
>> ko county. So everybody has votes right

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when you set an income tax rate
everybody in the in the county

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» no the county controls it
>> the county controls it from your side.

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Okay the county controls it. So when you
set an income tax rate, then it's

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distributed by an allocation formula
based off previous property tax and

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income tax distributions. So that's how
it's currently set. Uh this new one,

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like we discussed,
uh the county will set their rate and

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then for this uh for the county rate,
the county gets all of those dollars and

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then the city and town rate that we were
just talking about, that will be

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distributed by population.
So, that's the formula that we can help

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you out with once we get there.
Um, we talked about the task force.

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I show I I did do the formula. I show
about the county would receive about 28%

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of that rate, whatever they set that
rate at. 28% of the dollars

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that would be on top of the county rates
that you said.

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And then finally, they capped fire
districts uh property tax rate at 40

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cents. They did fire territories last
year by 40 cents. Now fire districts are

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at 40 cents.

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Any other questions
on House Bill 1210?

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» Well, it says this municipal unit
strategic task force may be established.

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That's what you were saying.
>> Maybe. Yeah, I put the word maybe in

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there because it's not required.
>> But if you don't, doesn't the state come

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in and tell you what they'll do? I think
that's the next paragraph after that.

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» No, I mean we don't we're recommending
not to agree to anything because you

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don't know what legislation is going to
do next year on tax rates. Like you they

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do say if you agree by October 1st that
will be the rate but you know as you

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know they've been thinking about
reducing the county's cap. Right now the

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county's cap is 1.2%. they come in next
year and say 7% then how does that

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affect what the task force did right
>> well especially if the new rates aren't

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even going to be coming into effect and
you're make we're meeting before in this

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year when we even be
>> our new rates won't take effect until

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2029

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» correct
>> seems kind of like

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» it's just another one of those
>> you wouldn't starting

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What do you think?
>> It's just another one of those things.

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» Sounds to me like you wouldn't want to
start the committee till after next

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session.
>> Yeah.

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» Yeah.
>> Yeah. It I agree. I think

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» closer to
>> I think it's early.

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» Yeah.
>> Uh but they did put an October 1st

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deadline on
>> to form the committee or to make

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» form and make decisions. If you make a
decision,

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» doesn't mean you can't form the
committee and meet and not make

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decisions. Yeah.
>> Right. You can discuss it. Yeah. Right.

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Okay. Um,
>> you could go down and testify to as a

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committee and talk to them about how
your county looks. Like you do form the

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committee this year.
>> And you I would say not everybody's

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represented by Financial Group or Baker
Tillies of the world. So they don't even

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know what their losses are going to be
yet with property tax, right? I would

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say some of them don't know. So how can
you come to a conclusion on rates when

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you don't know all the data my

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but yes you can still get together and
discuss.

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Um page six

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uh Senate Bill 179. Sure Steve knows
about this one. Um CCNG second call

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approved for an extra 75 million for the
units that didn't get matches in late

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2025 and fall 2025.
>> That's what we received already. So we

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got the award letter uh right after the
commissioners meeting last week we went

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in. We were part of that extra 75
million. So that's what to extend out

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Packard and Ar.
>> Yeah.

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Um, so something new wheel tax.
So if a so if Warsaw for example would

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now go in and do their own wheel tax,
the county could no longer when it when

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it takes effect can no longer collect
off the reg registered vehicles in that

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area.
Um, now the ones that the counties that

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had stack taxes before had a county and
municipal wheel tax, those are

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grandfathered in. But if it takes effect
after

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uh December 31st, 2026,
then it's separate. Now, I will say

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I'm working with the county. it actually
benefit them when

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municipality did their own wheel tax
because

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they now have a higher even higher
proportion of the road mileage and

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population. But I don't think that's the
case for everybody. I think it's a case

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by case thing. So just something to keep
in mind if you hear about other

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municipalities wanting to do to do a
wheel tax, it could impact your wheel

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tax revenues.

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Um,
again, will taxes need to be submitted

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by September 1st to be effective January
1st of the next year.

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Does that say

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» hit that? That's what I was thinking.
Yes, we're still there.

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00:13:17,680 --> 00:13:22,600
» Show my What's this thing? show my
screen.

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» Okay.
>> Still need to show the presentation.

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00:13:29,680 --> 00:13:34,200
» The one, excuse me, the one to the
right.

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00:13:34,639 --> 00:13:38,600
» Yeah, they go to the right.

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00:13:41,120 --> 00:13:44,279
» Any question?

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00:13:45,440 --> 00:13:52,279
» I'm gonna have to have a conversation
with the IT.

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That's all right.

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Uh, page eight,
just getting into 2025 number.

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00:14:02,639 --> 00:14:14,800
» So, um, the county, everybody on PTA,
the county grew cash by 7 million in

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2025. Um, mainly due to unused
appropriation. So that's common for the

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county. Um had quite a bit. Maybe there
wasn't as much bridge projects as you

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originally thought. I can't remember on
that.

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00:14:25,279 --> 00:14:31,120
» Carry over our bridge.
>> Yeah, you carry over.

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00:14:29,360 --> 00:14:36,560
» Um
and then there I'll have another page

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00:14:33,839 --> 00:14:41,600
that shows all the unused, but that was
the main brunt of the 7 million and in

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growth for all your funds.
The general fund had a surplus, so

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00:14:44,320 --> 00:14:49,680
revenues over expenses of 2 and a half
million.

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00:14:48,079 --> 00:14:54,240
Um,
as you guys know, your bridge rate

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increased. 057,
which equates to about $622,000 in levy.

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00:14:58,160 --> 00:15:06,320
So that amount in the bridge,
whatever you increase or decrease that

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00:15:03,519 --> 00:15:12,560
amount to, that pulls from the general
fund and all your other property tax

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00:15:08,560 --> 00:15:16,079
levy funds. So, um, if you see that
maybe you have enough cash for 2027 and

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00:15:14,720 --> 00:15:20,720
you need to reduce a little bit, that
pushes into the general fund for

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00:15:17,600 --> 00:15:25,279
operations. Um,
and then your net assessed value, like

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00:15:22,880 --> 00:15:29,600
we talked about earlier, even with the
slight increase in deduction, it still

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grew 8.23%
in 2026. So, you guys have strong growth

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00:15:32,079 --> 00:15:38,639
right now. the more you can continue to
have strong growth, the more you can

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00:15:35,839 --> 00:15:44,639
offset some of the Senate Bill One
impacts.

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00:15:41,120 --> 00:15:49,759
And since 2022, your property tax rate
has reduced four and a half cents, which

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00:15:47,120 --> 00:15:55,199
is quite a bit.
And I'll show uh I'll show that on

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another page as well.
Page nine, this is just an overview of

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the major funds that I keep track of.
for the county.

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00:16:06,639 --> 00:16:13,600
» Oh, that's okay. Um, you can see from
starting from the left, you have your

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00:16:11,839 --> 00:16:20,399
funds and then I have your beginning
cash balance, expenses, revenues, if you

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00:16:18,240 --> 00:16:24,320
surplus or deficit in that fund, and
then ending cash balance. But the yellow

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00:16:22,720 --> 00:16:30,240
column is what I wanted to show you on
the unused. Um, now this it was the

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00:16:27,839 --> 00:16:34,639
unused was high in 25, but typically the
county does have unused appropriations,

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00:16:32,560 --> 00:16:40,160
which is a good thing for building cash.
Um, but I'll show you here in a second

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00:16:37,120 --> 00:16:43,759
how that might change in the future. Um,
but as you can tell, there's just quite

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00:16:41,600 --> 00:16:49,759
a quite a bit of unused that led to a
lot of savings and cash,

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00:16:47,360 --> 00:16:53,120
which I think you'll need down the road.
>> But we also need to look at what was

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00:16:51,920 --> 00:16:55,279
encumbered.
>> Yes.

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00:16:53,440 --> 00:16:59,199
» That's going to make That's correct. a
whole lot different.

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00:16:56,320 --> 00:17:04,799
» So like your general fund, you encumber
wages every year a lot. So that's going

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00:17:02,160 --> 00:17:10,240
to increase your unused because they may
have worked at the end of 2025, but you

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00:17:08,559 --> 00:17:16,240
actually pay it in 27. I think that's
why you would cover those amounts. So

185
00:17:13,439 --> 00:17:21,199
» So all that gets deducted from the
>> Yeah. The same thing for the bridge

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00:17:18,079 --> 00:17:24,959
fund. Like when we talk about like and I
gave him my projections for the next

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00:17:22,959 --> 00:17:29,600
five years, these have to because
they're fiveyear projects. So you have

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00:17:27,039 --> 00:17:35,440
to build up. We only get 800 and some
thousand. Well, you all know bridge

189
00:17:31,760 --> 00:17:40,559
doesn't cost that, right? Even the 20%
well over that. So what we have to do is

190
00:17:37,840 --> 00:17:44,320
bank that money to be build it up so
that when these projects do hit that we

191
00:17:42,400 --> 00:17:48,559
can afford those. But still that's what
you know the projection that I gave Rey

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00:17:46,160 --> 00:17:52,960
here I don't know a couple months ago
shows you in 2027

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00:17:51,360 --> 00:17:57,360
you were getting pretty tight.
>> Yeah. So and I keep track of that. He

194
00:17:55,600 --> 00:18:03,200
gives me his projections. I keep track
of that in the financial plan. Uh you'll

195
00:18:00,720 --> 00:18:06,640
see that in all these other uh tabs in
this binder. But I keep track of that

196
00:18:05,280 --> 00:18:13,840
just to try to make sure you have enough
money in the Kingbridge fund uh to pay

197
00:18:09,679 --> 00:18:17,080
those local matches. So, any questions
on 2025?

198
00:18:22,160 --> 00:18:30,640
So, this is one of my favorite slides.
Uh, page 10. So,

199
00:18:28,080 --> 00:18:39,360
the top purple line is your net assessed
value and the black line and bars at the

200
00:18:34,880 --> 00:18:45,200
bottom is your property tax rate. So, as
I was saying earlier, your net assessed

201
00:18:42,400 --> 00:18:50,559
value growth has always been higher than
the growth quotient that the state not

202
00:18:47,120 --> 00:18:55,039
always since 2022 on this graph has been
higher than the growth quotient that the

203
00:18:52,160 --> 00:18:59,440
state sets every year. So,
your net assessed value is growing

204
00:18:56,799 --> 00:19:04,000
higher than revenue growth. Your tax
rate is going to go down. And then you

205
00:19:01,600 --> 00:19:09,120
can see your tax rate since 2022 is,
like I said, down four and a half%.

206
00:19:07,600 --> 00:19:15,600
Um,
now I expect as we get further along in

207
00:19:12,960 --> 00:19:20,880
Senate Bill one that those two lines
will get closer together. They'll

208
00:19:17,919 --> 00:19:24,960
flatline on both sides and maybe even
start creeping toward each other. So,

209
00:19:23,200 --> 00:19:28,360
but if you continue strong growth, you
delay that.

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00:19:29,120 --> 00:19:37,600
And then, uh, 2025's property tax rate.
I compared 19 other counties to you guys

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00:19:35,120 --> 00:19:43,720
based on net assessed value. You are the
19th lowest.

212
00:19:40,400 --> 00:19:43,720
Pretty good.

213
00:19:44,480 --> 00:19:50,880
And that data is in this mind too. I can
show you later if you want to find it.

214
00:19:49,200 --> 00:19:54,039
Um
in question.

215
00:19:56,240 --> 00:20:06,640
Okay. Cash reserves in your general fund
only. So on this graph I have the year

216
00:20:03,520 --> 00:20:12,720
2022 through 2028
and the blue line the blue bars are your

217
00:20:10,000 --> 00:20:18,160
revenues the red are your expenditures
and then that purple line at the top is

218
00:20:14,640 --> 00:20:24,480
cash year in cash balance. Um as you can
tell 2022 through 2025

219
00:20:22,160 --> 00:20:30,320
the blue line's higher than the red but
then I've built in Senate Bill one

220
00:20:26,480 --> 00:20:35,360
impacts starting in 26 27 and 28. You
can see how the red line starts to creep

221
00:20:32,400 --> 00:20:42,799
closer to the blue line and then your
cash balance flattens up. So that's what

222
00:20:39,120 --> 00:20:48,640
we're going to see. I'd have a base like
5% assumed growth in your assessed

223
00:20:45,200 --> 00:20:52,400
value. If you keep growing at 9%
that purple line's going to be a little

224
00:20:49,760 --> 00:20:58,000
bit higher, right? Depending on how much
you spend, but um it just depends on how

225
00:20:55,440 --> 00:21:03,200
assessed values come in in the future.
uh nothing to be alarmed uh because you

226
00:21:00,559 --> 00:21:08,960
guys are prepared for it. But just know
that when you're

227
00:21:05,440 --> 00:21:12,559
making future budgets that the ex the
reason that blue line gets closer to the

228
00:21:10,880 --> 00:21:14,799
red line is because circuit breaker is
going to increase

229
00:21:14,000 --> 00:21:20,480
» because what
>> circuit breaker. So

230
00:21:17,200 --> 00:21:25,840
circuit breaker is the amount
of your property tax bill that goes over

231
00:21:22,480 --> 00:21:31,520
the cap. So, if you have a $100,000
home, the max you're going to pay on

232
00:21:28,240 --> 00:21:36,880
that is 1%. It's $1,000. But if your tax
bill equals $1,200,

233
00:21:34,720 --> 00:21:42,640
that $200 is circuit breaker. It's not
collected. It's not collected. So the

234
00:21:40,159 --> 00:21:46,880
reason circuit record is going to go up
is because those increased deductions

235
00:21:44,559 --> 00:21:52,640
that we talked about
increases your tax rates and therefore

236
00:21:50,000 --> 00:21:56,880
properties get closer to the caps
because of that. And then also the

237
00:21:55,200 --> 00:22:01,440
homestead credit which I call circuit
breaker 2.0. It's not really circuit

238
00:21:59,520 --> 00:22:06,320
breaker but it's I call it circuit
breaker 2.0 because it's a pot of money

239
00:22:03,600 --> 00:22:09,840
that you're not collecting on top of the
tax caps. So basically what you're

240
00:22:07,919 --> 00:22:14,640
saying as we get closer to 2028 our
circuit breaker losses are going to be

241
00:22:11,520 --> 00:22:18,480
greater which is why those are coming
together.

242
00:22:15,200 --> 00:22:22,320
» Correct. That's the main reason. So tax
caps because of deductions in your home

243
00:22:20,559 --> 00:22:27,120
state credit.
>> Yeah.

244
00:22:24,480 --> 00:22:33,080
Now like I said the more you if you grow
above what we have projected here it's

245
00:22:29,280 --> 00:22:33,080
not going to be as significant.

246
00:22:34,880 --> 00:22:42,400
And then also one thing they've capped
the growth quotient. So the state sets a

247
00:22:39,600 --> 00:22:48,000
percentage that the county or that all
units can grow the revenues by each year

248
00:22:45,760 --> 00:22:54,480
and it's been capped at 4% the past few
years. They didn't cap it for next year.

249
00:22:50,720 --> 00:22:59,520
So what I saw in the statutes, they were
estimating it. They said 6%. So that

250
00:22:58,240 --> 00:23:03,200
could increase circuit breaker even
more. I mean it's kind of a blend of

251
00:23:01,520 --> 00:23:08,559
increasing your revenue. We're getting
in in the weeds here, but uh that could

252
00:23:06,480 --> 00:23:12,640
increase your circuit breaker, but also
increase your revenue slightly. It just

253
00:23:10,000 --> 00:23:16,159
depends on assessed values.
>> When you did expenditures, did you

254
00:23:14,240 --> 00:23:21,520
figure in like inflation and wage
increases?

255
00:23:17,120 --> 00:23:28,000
» Yeah. So, I have 2% on wage increases
built in to this. And then other things

256
00:23:24,880 --> 00:23:32,159
I have like 1% a year. I know some some
years it's a lot more and some it's it's

257
00:23:30,640 --> 00:23:38,720
tricky because there's a lot of lines in
there. Um but like capital and supplies

258
00:23:36,640 --> 00:23:43,200
I have 1% but I know there's a lot of
like contracts in those lines as well

259
00:23:40,320 --> 00:23:49,039
that stay flat every year. So I have a
2% on wages and like 1% on on capital

260
00:23:46,880 --> 00:23:52,960
and then there's some capital like what
Steve gives me that I have built into

261
00:23:51,039 --> 00:23:57,360
the plan. So it's not a percentage
growth. It's based off what he gave me.

262
00:24:01,120 --> 00:24:06,200
So yes, I have increases in there.

263
00:24:09,360 --> 00:24:12,520
All clear.

264
00:24:16,320 --> 00:24:23,360
So this is just an overview of what I
have projected for 2026.

265
00:24:20,799 --> 00:24:27,760
I'm conservative. So I project unusual
preparations for you guys because we

266
00:24:24,799 --> 00:24:33,600
have it every year and I'm conservative.
So you'll see some deficits in deficits

267
00:24:30,000 --> 00:24:38,320
in there that may actually be surpluses
by the end of the year. But this is what

268
00:24:35,919 --> 00:24:41,919
I have projected in the financial plan.
Uh

269
00:24:39,840 --> 00:24:48,240
I think in August last year I met with
you guys. I talked about your highway

270
00:24:44,240 --> 00:24:53,760
funds, wheel tax. um
cambridge you you increase your rate so

271
00:24:51,200 --> 00:24:57,360
but those funds you know gas tax
revenues and wheel tax revenues tend to

272
00:24:55,520 --> 00:25:04,559
stay flat they don't grow like property
tax revenue and lit has so you may start

273
00:25:01,360 --> 00:25:08,720
to see those but u your expenses versus
your revenues and those funds get a

274
00:25:05,919 --> 00:25:14,000
little tighter um but you guys can more
than offset that with income tax

275
00:25:11,360 --> 00:25:19,279
starting in 29 the new structure we'll
see if they do anything different next

276
00:25:15,840 --> 00:25:23,120
year. Um, so I did present a couple
options last year like will tax and

277
00:25:21,440 --> 00:25:26,960
things like that, but definitely with
the new local income tax structure, you

278
00:25:24,960 --> 00:25:31,520
could make that for some of these depths
of spend these funds because it's one

279
00:25:29,440 --> 00:25:35,039
thing I didn't mention also the new LE
it's general purpose so you can use it

280
00:25:33,200 --> 00:25:41,039
where you want.
It's not like current lead where it's

281
00:25:36,880 --> 00:25:47,600
public safety or economic development or
judicial etc. It's general purpose, so

282
00:25:44,080 --> 00:25:52,679
you can plug it wherever you'd like. Um,
I don't know if the SPOA will like that.

283
00:25:49,440 --> 00:25:52,679
We'll see.

284
00:25:53,120 --> 00:25:59,320
This is just all projections 2026 that I
have so far.

285
00:26:01,840 --> 00:26:09,760
Next page.
Uh, quick capital discussion. This is,

286
00:26:07,919 --> 00:26:15,760
as I mentioned, you were asking about
expenses. This is the capital I have to

287
00:26:12,960 --> 00:26:21,520
the financial plan. Um, so you can
highway department is all the red here

288
00:26:19,039 --> 00:26:25,120
and then I have commissioners and
sheriff department. I know you probably

289
00:26:23,679 --> 00:26:29,440
have a lot more than this, which is why
I need to probably get with Alyssa

290
00:26:27,840 --> 00:26:33,279
for you to reach out. Usually I reach
out straight to Steve, but other

291
00:26:31,200 --> 00:26:37,279
departments, if you have any big capital
items coming in, let me know and I can

292
00:26:35,520 --> 00:26:42,320
plug it into the financial plan so that
when you do your budget,

293
00:26:39,679 --> 00:26:47,919
um, I can see
where we need to put that right now.

294
00:26:45,520 --> 00:26:51,520
Like your edit fund is a good resource
for capital, which I think the

295
00:26:49,440 --> 00:26:58,799
commissioners are using. Um, but you
have like $15 million in there, so just

296
00:26:54,480 --> 00:27:04,559
good for for capital use. Um but
if if uh revenues and expenses start get

297
00:27:02,559 --> 00:27:09,039
getting a little higher in the future
because of Senate Bill one, this becomes

298
00:27:06,480 --> 00:27:14,799
important. You know what I mean?
Planning out your capital expenses and

299
00:27:11,200 --> 00:27:22,799
seeing where you can pay those crimes.
Um CPG and lane mileage. So

300
00:27:20,000 --> 00:27:27,200
you've been getting CCNG for a while,
but now there's a lane mileage grant.

301
00:27:24,960 --> 00:27:32,480
But because the county has a will tax,
you qualify for that already. But my

302
00:27:29,760 --> 00:27:37,520
understanding is the combined between
CCNG and the lane mileage will not be

303
00:27:35,120 --> 00:27:42,320
above the 1 million that they approve.
Right.

304
00:27:38,559 --> 00:27:46,159
» So with with the Senate Bill 169 or 179,
what has happened is that we will get a

305
00:27:44,240 --> 00:27:52,159
lane mile distribution. Remember that
that's different than a just it's by

306
00:27:49,440 --> 00:27:59,279
length rather than total mileage which
we receive our MBH from right now. So if

307
00:27:56,080 --> 00:28:04,159
we exceed the match of the total grant
of the community crossing. So like let's

308
00:28:01,360 --> 00:28:08,080
say that it's $1 million is a match.
Well, if we exceed that in a lane mile

309
00:28:06,159 --> 00:28:14,559
distribution, we will no longer be
qualified to apply for the community

310
00:28:11,200 --> 00:28:18,320
crossings matching grant. So now I do
have some projections on what we're

311
00:28:16,240 --> 00:28:22,799
going to get and I like I said I don't
think we'll be able to apply this point

312
00:28:20,799 --> 00:28:27,440
forward. They're saying that they are
going to do a distribution in May. Um

313
00:28:25,600 --> 00:28:32,240
which means that we won't see it until
maybe June or July if if it comes out

314
00:28:30,720 --> 00:28:34,159
this year which they're still working
out.

315
00:28:32,559 --> 00:28:36,399
» Is that CCG or the lane mileage?
>> It's a lane mileage.

316
00:28:35,840 --> 00:28:40,320
» Okay.
>> So for community crossing we

317
00:28:38,799 --> 00:28:46,080
» I may talk to you about that later too
about how they're calculating that. We

318
00:28:42,799 --> 00:28:51,039
use the formula. LTAP has done it for
most locals to kind of figure out if

319
00:28:48,720 --> 00:28:54,039
they and they have it on their website.
>> Okay.

320
00:28:54,960 --> 00:29:01,840
» Files because the cities
multiple

321
00:28:59,520 --> 00:29:05,200
lane highways.
>> Yeah.

322
00:29:03,760 --> 00:29:09,440
» Remember they if they don't have the
wheel tax, they won't get that lane mile

323
00:29:07,360 --> 00:29:12,960
distribution. So yes, if they don't have
the wheel tax, they won't receive that.

324
00:29:11,279 --> 00:29:17,039
Yeah.
So you'll I mean we've already seen

325
00:29:14,640 --> 00:29:20,159
quite a few municipalities do will tax
last year. You're going to see more and

326
00:29:18,320 --> 00:29:23,919
more of that
and that's why they got rid of that

327
00:29:21,520 --> 00:29:28,440
double tax
county and municipality. So

328
00:29:30,559 --> 00:29:40,640
um next page continue capital um
not not hugely important for you guys on

329
00:29:37,840 --> 00:29:44,640
page 15. It's just what I have projected
in the Q bridge fund which Steve gave me

330
00:29:42,799 --> 00:29:50,960
and then commissioner and share of
capital. So I'll get with I'll get with

331
00:29:47,760 --> 00:29:55,480
you guys on any other capital that I may
not have had in the money right now

332
00:29:57,440 --> 00:30:00,840
page 16.

333
00:30:01,600 --> 00:30:10,640
So I kind of mentioned this earlier with
Cassie going back to uh future Senate

334
00:30:07,279 --> 00:30:14,640
bill one impacts for property tax. So
searcher breaker equals property tax

335
00:30:12,559 --> 00:30:20,559
revenue revenue not collected due to
properties getting tax caps. Um and then

336
00:30:18,799 --> 00:30:28,159
also you have the homestead credit of
10% up to $300. So what this graph shows

337
00:30:24,080 --> 00:30:32,559
is here's your 2025
circuit break. The blue was the circuit

338
00:30:31,120 --> 00:30:39,440
record of the general fund and then the
red was the total circuit record. You

339
00:30:36,159 --> 00:30:43,279
can see now these highle projections.
Okay, you can see how that circuit

340
00:30:41,200 --> 00:30:47,760
record increases
up to 2030. It'll actually increase to

341
00:30:45,760 --> 00:30:56,559
2031, but I wanted to keep the graph
short. But 205 and 289 289 total in 2025

342
00:30:53,039 --> 00:31:01,679
and then I've got 3 million in 2030. So
that circuit breaker is shared amongst

343
00:30:59,120 --> 00:31:06,000
all your property tax levy funds. So it
won't be just three million in the

344
00:31:03,120 --> 00:31:11,760
general fund. It'll be
general

345
00:31:07,600 --> 00:31:15,919
CCD and things like that. So that just
shows

346
00:31:14,159 --> 00:31:19,240
the impact of those deductions and home
state credits

347
00:31:19,440 --> 00:31:24,520
and everybody's going to be basic. It's
not just

348
00:31:27,840 --> 00:31:34,000
question.
Okay,

349
00:31:31,919 --> 00:31:42,880
this is local income tax from Senate
Bill one. So I have 2026, 2027, 2028 and

350
00:31:40,159 --> 00:31:48,799
then I have four different projections
for 2029. So this is the amount of lit

351
00:31:46,880 --> 00:31:56,799
local income tax revenue that you're
receiving in 2026.

352
00:31:51,279 --> 00:32:04,399
uh projected 27 and 28 and then 2029 the
first blue column is a.3% rate the

353
00:32:00,320 --> 00:32:08,480
second 6 third.9 and fourth 1.2 too. So
you can see how much more revenue is

354
00:32:06,720 --> 00:32:13,360
possible
for the county.

355
00:32:10,559 --> 00:32:18,559
Um now this is just the county rate
only. This doesn't include the under

356
00:32:16,000 --> 00:32:23,360
3500 rate that we talked about or I said
we get 28% of that as well. So when it

357
00:32:21,919 --> 00:32:27,679
comes time to make these decisions,
we'll have to look at what do we want

358
00:32:25,200 --> 00:32:34,080
the county rate to be? What do we need
the municipal municipal rate to be to

359
00:32:31,279 --> 00:32:37,080
make those units whole and also help the
county

360
00:32:38,960 --> 00:32:47,240
and then you also remember you'll have a
fire EMS rate and a non municipal rate

361
00:32:44,080 --> 00:32:47,240
as well.

362
00:32:49,360 --> 00:32:56,240
And then on the right, uh the the
municipality rate, uh there's a bullet

363
00:32:54,320 --> 00:33:03,880
points that show the dollar amounts on
the the different rates.

364
00:32:59,600 --> 00:33:03,880
That's not included in the graph.

365
00:33:08,159 --> 00:33:13,000
That makes sense.
Okay.

366
00:33:17,039 --> 00:33:20,039
Uh

367
00:33:23,200 --> 00:33:32,559
Okay. Can I ask a question? Okay. So,
this shows that the income tax,

368
00:33:28,480 --> 00:33:37,120
» but it doesn't show how how the property
tax changes. In other words, it's not a

369
00:33:35,519 --> 00:33:39,120
combined.
Here's here's the changes,

370
00:33:38,559 --> 00:33:43,919
» right?
>> Okay.

371
00:33:39,840 --> 00:33:49,159
» Yeah. So, um can you
you go back to page 16?

372
00:33:49,519 --> 00:33:56,960
you just look at 2030.
>> Yeah. Okay.

373
00:33:53,919 --> 00:34:06,279
» Um you can say that total number $3
million reduction.

374
00:34:00,080 --> 00:34:06,279
And then if you look at page 17,

375
00:34:06,559 --> 00:34:11,079
you can see how many dollars

376
00:34:11,280 --> 00:34:19,919
are collected by each rate.
And then you can compare that to 26

377
00:34:16,399 --> 00:34:26,240
through 28. So you know you in 2029 if
you get a 6% rate just on the county

378
00:34:23,919 --> 00:34:29,679
um you're looking at
6 million more just on that rate

379
00:34:28,399 --> 00:34:35,919
compared to what you're currently
receiving. So that offsets more than

380
00:34:32,399 --> 00:34:37,119
what you're property tax rate.
>> Yeah.

381
00:34:36,639 --> 00:34:43,040
» Thank you.
>> But yeah, I can put one together that

382
00:34:40,159 --> 00:34:48,280
combines it if you want.
I think

383
00:34:45,280 --> 00:34:48,280
» okay.

384
00:34:54,159 --> 00:34:57,159
» Yeah.

385
00:35:02,320 --> 00:35:10,800
» Um, as I mentioned,
circuit breaker will continue to

386
00:35:08,000 --> 00:35:15,839
increase. Um the county can offset those
losses with lit if they choose. Um but

387
00:35:14,160 --> 00:35:20,800
this may not be the case for the
municipalities. Um her budget is going

388
00:35:18,640 --> 00:35:23,680
to be a lot tighter.
So they'll want to be made whole. You

389
00:35:22,480 --> 00:35:27,280
know, you have to take them into
consideration as well determining the

390
00:35:25,680 --> 00:35:33,280
rates.
Um as mentioned before also the new lit

391
00:35:30,160 --> 00:35:38,000
is general purpose. So you don't it's
not earmarked to just one bun. you can

392
00:35:36,079 --> 00:35:42,119
place it where you like. It's the way it
stays right now. That could change.

393
00:35:42,640 --> 00:35:51,839
And then obviously RE will continue
monitoring uh legislation. Um there was

394
00:35:48,560 --> 00:35:58,200
already talk this year about counties
having a lower cap.

395
00:35:54,160 --> 00:35:58,200
So that may come up next year.

396
00:35:58,240 --> 00:36:01,240
Listen,

397
00:36:02,160 --> 00:36:10,160
part of the problem though, the people
that live in the municipalities,

398
00:36:08,000 --> 00:36:15,200
there is truly no way to break out
exactly what their income tax payments

399
00:36:12,800 --> 00:36:18,720
are going to be because they are not
segregated in any way.

400
00:36:18,000 --> 00:36:23,280
» Yes,
>> this has been a longgoing project. They

401
00:36:20,480 --> 00:36:28,079
came to the AIC five years ago and asked
if they if we wouldn't give them

402
00:36:24,640 --> 00:36:32,160
$500,000 to start that process and here
we are five years later and now they

403
00:36:30,320 --> 00:36:34,400
think they can get it done in two years
which I believe is a part of the push

404
00:36:33,839 --> 00:36:36,800
back.
>> I have a Seymour address but I don't

405
00:36:36,079 --> 00:36:38,560
live in Seymour.
>> Yeah. Yeah.

406
00:36:37,680 --> 00:36:42,599
» You know
>> I have address

407
00:36:42,960 --> 00:36:50,079
and uh
>> Yeah. I mean I I work Clarksville. They

408
00:36:48,640 --> 00:36:53,760
have Sersburg addresses.
>> Yeah.

409
00:36:50,880 --> 00:36:56,480
» In Clarksville. How do you
>> How do you

410
00:36:54,160 --> 00:36:59,280
» We are not unique. You nor us are
unique. Every county has that same

411
00:36:58,480 --> 00:37:03,599
issue. Yes.
>> So until they get the first year or

412
00:37:01,839 --> 00:37:09,680
they've actually pulled out and then it
will separate cities, municipalities

413
00:37:07,119 --> 00:37:12,720
from the counties, nobody's going to
know what anybody's basically.

414
00:37:12,240 --> 00:37:15,440
» Yeah.
>> In my own.

415
00:37:13,920 --> 00:37:18,880
» And that's probably another reason for
the one-year delay.

416
00:37:16,560 --> 00:37:22,160
» Yes. And they may delay next year to the
23rd.

417
00:37:20,640 --> 00:37:28,079
» They may delay it another year and say,
"You know what? We had one bad maybe."

418
00:37:25,200 --> 00:37:34,079
» Yeah. Yeah. So, yeah, I agree with you.
I don't know how they're going to do

419
00:37:29,119 --> 00:37:37,680
that at this point. So, I could be mean
to how do you

420
00:37:36,960 --> 00:37:41,920
» where's the line
>> create that data, right?

421
00:37:39,520 --> 00:37:46,079
» Yeah. Because you can't use addresses.
So

422
00:37:43,440 --> 00:37:50,640
um
cash reserves obviously county has

423
00:37:48,640 --> 00:37:54,560
healthy cash reserves but keep an eye on
the highway funds

424
00:37:53,040 --> 00:37:59,599
um
probably

425
00:37:57,280 --> 00:38:03,520
in the near like especially for the will
tax fund I think that's the cash

426
00:38:01,839 --> 00:38:10,000
reserves are getting really low on that
so you may have to move that somewhere

427
00:38:05,920 --> 00:38:15,119
else or just keep that in mind or
when we look at budgets

428
00:38:12,400 --> 00:38:20,560
So
uh hbridgeidge fund

429
00:38:17,920 --> 00:38:26,000
as I mentioned any reduction in tax rate
or increase moves it out of the general

430
00:38:23,119 --> 00:38:32,079
fund. So keep that in mind. You know if
we're in 2029 or 2030 and certain

431
00:38:28,960 --> 00:38:36,320
records hot eye and you have plenty of
cash in your bridge fund you can

432
00:38:33,680 --> 00:38:41,680
reduce that amount again still pay for
your bridges but put a little bit more

433
00:38:37,920 --> 00:38:46,000
money in general fund. Um
911 bunt that keeps spinning down as

434
00:38:44,480 --> 00:38:52,160
well as you know that may have to be
moved. You guys may have a plan for that

435
00:38:48,400 --> 00:38:56,079
already. Um but that's spending down
close to zero and might have to be moved

436
00:38:54,560 --> 00:39:01,359
in the future to the general or
somewhere else. Uh and then obviously

437
00:38:59,680 --> 00:39:06,720
continue to be prudent when developing
budgets because we just don't know

438
00:39:03,200 --> 00:39:11,599
what's going to happen right now. Um
will tax rates be cap? There's talk talk

439
00:39:08,640 --> 00:39:15,680
of cap tax rates which is a whole
another discussion. I don't know how

440
00:39:13,119 --> 00:39:23,359
they would do that because a district's
going to have to be cap district rate

441
00:39:18,640 --> 00:39:29,280
and that's challenging I think. Um so
um as I mentioned at the bottom right

442
00:39:26,320 --> 00:39:36,160
the the wage increase I have in the
financial plan in this planner is 2%. as

443
00:39:32,400 --> 00:39:41,200
of now, but as we get closer to budget,
um we can look at different options

444
00:39:39,119 --> 00:39:47,760
for wages.
So, uh this in April, the DGF will

445
00:39:45,760 --> 00:39:52,400
release circuit breaker. That'll be very
helpful because it's kind of a I mean,

446
00:39:50,000 --> 00:39:57,839
we've estimated it, but we don't know
100% for sure what it's going to be. Um,

447
00:39:55,680 --> 00:40:00,640
and then later on we'll get assessed
values and then we'll be able to plug

448
00:39:59,280 --> 00:40:05,720
that in and see what your revenues are
going to be and then look at wage opt

449
00:40:02,720 --> 00:40:05,720
options

450
00:40:10,079 --> 00:40:15,920
and then next steps. I would like to
meet with you guys again for budget

451
00:40:13,760 --> 00:40:21,680
purposes. I think we met in August last
year but I can meet again in August or I

452
00:40:19,839 --> 00:40:25,359
can meet earlier. I
>> think August is too late. Yeah, I can be

453
00:40:24,800 --> 00:40:29,040
earlier.
>> The department does have to have their

454
00:40:26,880 --> 00:40:33,760
budgets completed and turned in to you
guys by what? Mid June,

455
00:40:32,320 --> 00:40:36,760
» second week of June, somewhere along
there.

456
00:40:37,839 --> 00:40:41,680
» May end of May.
>> Yeah.

457
00:40:40,000 --> 00:40:44,720
» Yeah. I know there's continual
adjustments on the Yeah.

458
00:40:43,520 --> 00:40:47,440
» What does that have to be developed and
turned in so they can put everything

459
00:40:45,920 --> 00:40:50,400
together for us to do our budget
hearings,

460
00:40:48,160 --> 00:40:54,000
» right? Yeah. And I was thinking maybe
July.

461
00:40:52,320 --> 00:40:56,880
» Yeah. Their their budget meetings with
the departments are scheduled in August.

462
00:40:55,680 --> 00:41:03,839
» In August. Yeah.
>> So what do you think Melissa when would

463
00:40:58,800 --> 00:41:07,599
you like to and I'll be sort of thinking
>> before the budget meetings from the

464
00:41:06,319 --> 00:41:12,480
department
>> towards the end of July?

465
00:41:09,599 --> 00:41:15,440
» End of July. End of July. I think last
year was beginning.

466
00:41:13,680 --> 00:41:19,920
» I think it would I think it would maybe
be helpful if we had the information

467
00:41:17,359 --> 00:41:23,839
from the departments
and then have a meeting.

468
00:41:22,079 --> 00:41:27,119
Yes.
>> Yeah. I'd like to have that at least.

469
00:41:25,119 --> 00:41:29,599
» Yeah. Then you would have what
>> at least

470
00:41:27,920 --> 00:41:32,240
» because if not you're just coming and
talking in general. We're not looking at

471
00:41:31,520 --> 00:41:36,319
specific.
>> Yeah. And I know June is the typical

472
00:41:34,800 --> 00:41:41,359
date to get those but there's
adjustments after that. So

473
00:41:38,720 --> 00:41:44,240
» the early July is best.
>> I would think so.

474
00:41:42,560 --> 00:41:46,960
» Okay. Do that.
>> So yeah. Do you want to shoot us a

475
00:41:45,839 --> 00:41:51,160
couple dates then?
>> Okay. I'll do that.

476
00:41:51,760 --> 00:41:57,560
Okay, I'm I'm staying out of that. I'm
letting you guys work that out.

477
00:41:57,920 --> 00:42:05,480
I'm throwing the
guys that out. Just let me know.

478
00:42:06,800 --> 00:42:12,920
» Yeah, I'm sure more things will come up
by then, too, for budget.

479
00:42:17,920 --> 00:42:24,079
Are we done or
>> that's that's all I have.

480
00:42:20,319 --> 00:42:31,599
» Can you go back to page 17
and just explain the 35,000 book view

481
00:42:27,440 --> 00:42:38,960
for me of how we're currently at 1%
live? Yes. But then even with the rate

482
00:42:36,160 --> 00:42:44,480
in 2029, Yeah. if it went down, revenue
still goes up. So the reason you're

483
00:42:42,079 --> 00:42:50,480
currently at 1% and it's only the
countyy's only receiving 12 a.5 million

484
00:42:47,280 --> 00:42:52,640
and 26 is because that 1% is distributed
to all the units.

485
00:42:51,680 --> 00:42:58,079
» Oh
>> whereas

486
00:42:54,160 --> 00:43:02,000
the 6 in the blue all goes to the
county.

487
00:42:58,720 --> 00:43:07,040
» I see. So there's no sharing. There is
sharing, but you're going to have a rate

488
00:43:04,560 --> 00:43:14,319
just for the county, a rate for fire, a
rate for non-municipal, and a rate. You

489
00:43:10,880 --> 00:43:18,319
will have another rate that's shared.
That makes sense.

490
00:43:15,520 --> 00:43:21,599
» Yeah.
>> So, in general, it's because we're

491
00:43:19,680 --> 00:43:26,240
sharing all we have to share all those.
They're certified shares, so it's split

492
00:43:23,680 --> 00:43:29,240
among how many tax.
>> Yeah.

493
00:43:29,440 --> 00:43:37,200
And then Yeah. So that's just the county
rate that I have in the blue. And then

494
00:43:33,280 --> 00:43:42,800
on that right side is the municipal rate
that's shared. And I have at each each

495
00:43:40,400 --> 00:43:48,560
tax rate what I think the county would
receive based on that rate. So you can

496
00:43:44,560 --> 00:43:56,200
just you can take the 19 million and the
6% plus whatever rate you want to adopt

497
00:43:51,680 --> 00:43:56,200
on right that dollar amount.

498
00:43:58,000 --> 00:44:07,520
There's so many scenarios, it's hard to
create one graph for all the variations.

499
00:44:04,240 --> 00:44:12,480
We'll figure something out.
>> So, so on the tail end of the bills

500
00:44:10,400 --> 00:44:17,119
where you're supposed to either get 1%
or $300 max.

501
00:44:14,400 --> 00:44:21,680
» Uhhuh. Yes.
>> Where is that coming off at?

502
00:44:20,000 --> 00:44:27,040
» That's coming off your final bill.
You're you're I I get that, but it was

503
00:44:24,560 --> 00:44:31,200
never calculated any place in what we
are expecting

504
00:44:28,800 --> 00:44:35,680
» on the abstract. That was never done
anywhere.

505
00:44:32,800 --> 00:44:39,359
» So that says that's just the net loss.
Whatever those are all added up is what

506
00:44:37,680 --> 00:44:45,319
we're just not going to get. But we
don't know what that figure is yet.

507
00:44:41,760 --> 00:44:45,319
» I don't know.

508
00:44:45,520 --> 00:44:52,400
» I know they'll have it on the tax bill
like coming off the end on the abstract.

509
00:44:49,839 --> 00:44:54,240
I don't know. I don't know if I know
>> collectively,

510
00:44:53,599 --> 00:44:57,920
» right?
>> That's going to have a big impact if we

511
00:44:56,000 --> 00:45:00,640
think we're gonna get, you know, X
million and it winds up this takes off.

512
00:45:00,400 --> 00:45:04,160
» Yeah.
>> I mean, it probably won't take off all

513
00:45:02,000 --> 00:45:07,200
that much. It's more $300
>> per property, but still

514
00:45:05,920 --> 00:45:11,680
» and even less than that.
>> It's not even per property.

515
00:45:09,599 --> 00:45:17,680
» So, I mean, I' I've looked at mine and
mine 10% would be $72 for my property.

516
00:45:15,760 --> 00:45:21,280
» Yeah. But when you had a whole bunch of
72 or you had a bunch of 300.

517
00:45:20,880 --> 00:45:23,839
» Yeah.
>> I mean pretty soon you're talking about

518
00:45:22,720 --> 00:45:27,599
real money,
>> right? For that

519
00:45:25,599 --> 00:45:31,480
» but I just didn't
um we actually

520
00:45:31,760 --> 00:45:39,280
let me get with you after the meeting.
>> Yeah,

521
00:45:34,880 --> 00:45:44,960
» the DGF actually has a uh estimated
number. They released a sheet and I'll

522
00:45:41,520 --> 00:45:48,160
pull that up for the fact. Yeah. But I
don't know if they'll surely they'll

523
00:45:46,560 --> 00:45:52,960
have that number in the abstract, I
would think. But I'll have to I'll check

524
00:45:50,480 --> 00:45:58,240
on that
because you have to know how much you're

525
00:45:54,160 --> 00:46:06,119
going to collect, right?
>> But what you're going to collect

526
00:46:02,319 --> 00:46:06,119
Yeah. You're

527
00:46:06,240 --> 00:46:10,640
» also have to know what you're going to
distribute. That's pretty

528
00:46:09,359 --> 00:46:17,400
» Yeah.
dealing on the second.

529
00:46:13,839 --> 00:46:17,400
» Okay. I'm sorry.

530
00:46:20,480 --> 00:46:24,960
» I'll I'll pull it up here after we're
finished.

531
00:46:23,440 --> 00:46:28,400
» Okay. Carrie gave me a list of
questions. Sorry he couldn't be here.

532
00:46:27,599 --> 00:46:34,079
» That's all right.
>> So, first one, uh, we have projects

533
00:46:30,960 --> 00:46:40,079
planned. Is there concern over using
edit dollars to complete these projects

534
00:46:36,480 --> 00:46:41,839
debtree? for example, the um you know
they have the

535
00:46:41,200 --> 00:46:46,960
» parking garage
>> park garage is that

536
00:46:44,160 --> 00:46:50,160
» and as of what I have in here now no
there's no concern now if there's been

537
00:46:48,240 --> 00:46:58,000
additional I still don't think there
would be concern but um I have

538
00:46:55,040 --> 00:47:02,480
let me look at my capital
>> so in other words you had one page that

539
00:46:59,920 --> 00:47:05,920
we didn't go over that had the capital
>> if you go to

540
00:47:03,280 --> 00:47:12,480
» edit funds for the county commissioners
>> if you go to the capital improvement

541
00:47:08,560 --> 00:47:17,200
plan tab on the very left.
>> So the the tab

542
00:47:14,640 --> 00:47:20,720
» got
there.

543
00:47:19,920 --> 00:47:24,480
» Thank you.
>> Yeah, no problem.

544
00:47:22,640 --> 00:47:28,400
» Uh
>> so you

545
00:47:26,160 --> 00:47:31,720
see the commissioners department. Oh
yeah, I'm sorry.

546
00:47:32,240 --> 00:47:38,319
» So you see the commissioner's department
at the top.

547
00:47:34,720 --> 00:47:42,480
» Yeah. Um that's how much how many total
dollars I have for commissioner's

548
00:47:40,079 --> 00:47:47,599
capital built into the financial plan.
But then if you go to the table below

549
00:47:44,079 --> 00:47:53,440
that you can see uh general fund
commissioner department you can see the

550
00:47:49,760 --> 00:47:58,480
dollar amount by year edit department.
>> I've got 7 million and 26 and six and a

551
00:47:56,720 --> 00:48:02,000
half and 27.
>> Okay.

552
00:47:59,200 --> 00:48:03,520
» Built in. And
>> does that make sense?

553
00:48:02,880 --> 00:48:08,319
» Yeah it does.
>> Okay. Um, and then so that's all I have

554
00:48:06,480 --> 00:48:11,599
for now. That's what I'm saying. Like
there's more than that. There could be.

555
00:48:10,240 --> 00:48:14,240
Um,
>> so that does include the parking garage.

556
00:48:13,760 --> 00:48:17,680
» Yes.
>> Okay.

557
00:48:15,119 --> 00:48:24,720
» And then not to I don't want to uh
confuse anybody, but

558
00:48:21,839 --> 00:48:28,160
you go to
>> But what you have on there is because

559
00:48:26,480 --> 00:48:30,960
commissioners have a capital improvement
plan and that's given you.

560
00:48:29,920 --> 00:48:33,359
» And I'll ask you.
>> Yeah.

561
00:48:32,000 --> 00:48:39,760
» Correct. And I'll ask you again if
there's been any updates or anything

562
00:48:37,359 --> 00:48:42,640
because it's a threeyear plan. So
>> yeah,

563
00:48:40,240 --> 00:48:45,760
» next year
or amended depending on what's going on.

564
00:48:44,960 --> 00:48:50,079
» Yeah.
>> Then the other unknown is what it's

565
00:48:47,680 --> 00:48:53,680
going to cost us to fix this building.
>> That's another question.

566
00:48:51,760 --> 00:48:59,280
» That's coming up.
>> Okay. And then in that regard, what did

567
00:48:55,920 --> 00:49:07,680
he ask about that? Um pros and cons of
using rainy day. Okay. for the

568
00:49:03,280 --> 00:49:11,760
repairs is do you see a pro or well the
repairs that that they're talking about

569
00:49:09,680 --> 00:49:16,000
is there a benefit of using either the
rainy day funds or edit funds for that

570
00:49:14,960 --> 00:49:20,559
do you see any
>> I think

571
00:49:17,839 --> 00:49:27,680
I think let's get the numbers and then
see where the best is what is my opinion

572
00:49:24,319 --> 00:49:37,160
so if you uh if you look at page 29 in
the financial plan Um, it's behind the

573
00:49:32,960 --> 00:49:37,160
capital improvement fund ad

574
00:49:44,240 --> 00:49:54,319
» that is the that is the edit fund
and as you can tell I have the capital

575
00:49:51,359 --> 00:49:58,160
uh so between the two green lines is
2025 and then I have 2026 through 28 to

576
00:49:57,200 --> 00:50:04,160
the right
>> and you can see the red. That's the uh

577
00:50:02,559 --> 00:50:07,280
how much the fund's going to spend down
in those two years because of the

578
00:50:05,520 --> 00:50:09,119
capital I have for the commissioners.
>> Okay.

579
00:50:07,599 --> 00:50:14,319
» But you can tell if you look at the very
last line at the bottom, you can see the

580
00:50:10,720 --> 00:50:17,359
cash any cash balance. So, no, that's a
good use of edit funds in my opinion.

581
00:50:16,960 --> 00:50:21,839
» Okay.
>> And I would keep it in edit

582
00:50:19,680 --> 00:50:26,319
» if if we can afford it.
>> Yeah. I mean, I it just depends on what

583
00:50:24,640 --> 00:50:29,520
the dollar amounts are.
>> Okay.

584
00:50:28,160 --> 00:50:33,119
Yeah,
>> I wanted to show you that fun too

585
00:50:30,800 --> 00:50:36,800
because I have all these funds in in
this binder that you can look at.

586
00:50:35,599 --> 00:50:41,280
» He has a question mark but I think
you've answered this. No change in edit

587
00:50:38,559 --> 00:50:47,040
dollars till 2029 when must be
established. That's what the question at

588
00:50:43,680 --> 00:50:54,559
will basically ask. And then um
projections for receipt oh projections

589
00:50:51,040 --> 00:50:59,839
for receipts of edit funds 2026 2027.
That's you already put that in. Yeah.

590
00:50:58,079 --> 00:51:03,440
So,
>> see the green in that graph?

591
00:51:02,319 --> 00:51:07,119
» Yeah. Yeah.
>> That's a projection. I'm just using 3%.

592
00:51:06,800 --> 00:51:13,119
» Okay.
>> It's not like really detailed projection

593
00:51:09,440 --> 00:51:19,440
or anything. I'm just assuming 3%. Um,
>> so in other words, even though like we

594
00:51:15,200 --> 00:51:23,920
have budgeted $4 million in the 2026 for
the parking garage, because our edit

595
00:51:21,920 --> 00:51:28,400
funds, in other words, it's going to
still stay flat what we have available

596
00:51:26,880 --> 00:51:30,480
because of the money we're bringing in,
the revenue we're bring.

597
00:51:29,280 --> 00:51:35,040
» You haven't Yeah. You haven't changed
the rate. So, the amount of revenue,

598
00:51:32,880 --> 00:51:37,440
it's going to it grows typically every
year, but it's going to stay flat.

599
00:51:36,880 --> 00:51:43,760
» Okay.
>> Yeah.

600
00:51:38,400 --> 00:51:52,160
» Um, yeah, about that. just repairs 750
budgeted and additional 750K in 2026.

601
00:51:50,400 --> 00:51:55,680
» Maybe I should just show you.
>> You can email me. Yeah. Question.

602
00:51:54,160 --> 00:52:00,240
» Okay. Maybe I'll just I tried to figure
out how to send this.

603
00:51:57,520 --> 00:52:03,599
» I typed it up because I can't.
>> Oh, okay. Oh, well then I'll let Marsha

604
00:52:02,480 --> 00:52:07,280
be in charge of this.
>> Oh, no.

605
00:52:05,520 --> 00:52:10,559
County general fund. He wanted to know
what would be considered a conservative

606
00:52:09,440 --> 00:52:14,800
balance.
County General itself

607
00:52:12,160 --> 00:52:17,520
» Rey Financial recommends 50%.
>> 50%.

608
00:52:15,680 --> 00:52:19,920
» But you guys are above that. I mean,
>> yeah.

609
00:52:18,079 --> 00:52:23,319
» So, you got to write Nick take notes on
this for me.

610
00:52:23,440 --> 00:52:29,280
» And the reason we
>> the reason we use 50% number is because

611
00:52:27,359 --> 00:52:36,000
property taxes are received June and
December, you know, every six months.

612
00:52:31,920 --> 00:52:40,800
» And then the same with the edit fund. uh
edit fund can different counties use

613
00:52:38,880 --> 00:52:46,079
edit funds for different purposes. If
you're using it for capital purposes,

614
00:52:43,200 --> 00:52:50,800
capital funds, we just try to balance
the cash and you know it depends.

615
00:52:49,119 --> 00:52:53,920
Sometimes we'll try to build cash if you
have a bridge you need to pay for,

616
00:52:52,079 --> 00:52:58,319
right? And in four years we'll try to
build cash up to that point. But if

617
00:52:56,559 --> 00:53:01,760
you're using edit fund to pay
operational expenses, then 50% cash

618
00:53:01,359 --> 00:53:05,359
balance
>> and there are some operational expenses

619
00:53:03,839 --> 00:53:07,760
there. Yeah, I know insurance in the
past.

620
00:53:06,160 --> 00:53:10,079
» Yeah,
but

621
00:53:08,319 --> 00:53:13,720
» you have multiple options for insurance
where you pay it from.

622
00:53:23,440 --> 00:53:29,760
» I think most of these are just
statements like the justice building

623
00:53:26,640 --> 00:53:36,160
repairs. Um, we have to do a Brook here
pretty soon. So, 750,000.

624
00:53:32,800 --> 00:53:44,960
Um we're looking at that fund that is in
uh CCD I believe. Um

625
00:53:40,400 --> 00:53:50,400
» so CCD is another one that
>> because we have it we have this year

626
00:53:46,800 --> 00:53:57,040
2027 we have 750,000 in there. We are
increasing it 250,000 year over year to

627
00:53:53,680 --> 00:54:01,839
cover expenses for the justice building
courthouse repairs. Yes. So we would use

628
00:53:59,520 --> 00:54:07,599
part of it possibly at the end of this
year and what is in there for 2027

629
00:54:05,839 --> 00:54:13,800
because of that expense.
>> Yeah. CCD let me check something with

630
00:54:15,280 --> 00:54:24,800
CCD is one that continues to you still
have you have $5 million in there but it

631
00:54:21,119 --> 00:54:29,040
spins down every year. So you're that's
a good use of that for now. If you want

632
00:54:26,640 --> 00:54:33,520
to use the CCD fund, you can. Now, if
you were a county that had 200,000 in

633
00:54:31,680 --> 00:54:37,440
your CCD, I would recommend moving it to
edit, right? It just kind of kind of

634
00:54:35,760 --> 00:54:43,839
have to balance where you have cash
reserves and where you can spend it.

635
00:54:40,720 --> 00:54:48,559
» Yeah, I think that's okay. So I think
the way that conversation went and that

636
00:54:46,160 --> 00:54:56,559
guy came and I remember Joanie was the
one that asked what would we need a year

637
00:54:52,480 --> 00:55:02,720
to make improvements in that year. Mhm.
>> So, I don't think that it was ever

638
00:54:58,800 --> 00:55:08,319
intended that it would be
done the way it's been being done in all

639
00:55:05,359 --> 00:55:15,040
honesty because in the end you're going
to wind up with

640
00:55:12,160 --> 00:55:19,599
if you were given $250,000 in one year
said fix whatever you can fix with that,

641
00:55:17,280 --> 00:55:23,359
whatever you didn't spend in that year
might be able to be moved forward to the

642
00:55:21,440 --> 00:55:27,520
next year and then you'd get another 250
plus what you didn't spend back there.

643
00:55:26,000 --> 00:55:32,960
» But I don't know that it was ever
intended to double on itself and add 250

644
00:55:31,359 --> 00:55:38,079
to it every year.
>> The end was supposed to be because it

645
00:55:34,880 --> 00:55:42,960
took us $2 million to fix out of our
money. And Joanie asked the question,

646
00:55:40,400 --> 00:55:48,400
what would it cost every year if we kept
up the maintenance? What would it cost?

647
00:55:45,920 --> 00:55:52,079
That answer was $250,000
based on his his estimate.

648
00:55:49,920 --> 00:55:56,799
» An additional 250 every year, I would
think.

649
00:55:52,880 --> 00:55:59,680
$250,000 this year, $250,000 next year.
Okay. 50,000.

650
00:55:57,839 --> 00:56:04,640
» But what they wanted to see happen was
to cover like the Justice building um

651
00:56:03,040 --> 00:56:10,160
the money that we use for the
renovations for that. You know, they say

652
00:56:07,760 --> 00:56:14,400
we replace a carpet like that in a
building like this every six years. So

653
00:56:12,799 --> 00:56:17,680
they wanted to be sure when we got to
six years that money was sitting there

654
00:56:16,559 --> 00:56:22,000
in the pot.
>> Yeah. So that's how you're building it.

655
00:56:21,280 --> 00:56:27,040
Yeah,
>> I like just okay, let's do a capital

656
00:56:25,119 --> 00:56:29,839
plan. Let's just do every six years it's
going to cost this much and then that

657
00:56:28,240 --> 00:56:32,559
year we budget it. You know what I mean?
Instead of

658
00:56:31,119 --> 00:56:36,640
» carrying it o carrying over
appropriations like interesting

659
00:56:34,960 --> 00:56:40,079
» with people at that point in time. I
don't know that that was the appetite

660
00:56:38,160 --> 00:56:43,119
because nobody liked that we had to have
that big of a chunk of money all at

661
00:56:41,920 --> 00:56:47,839
once.
>> So that's why

662
00:56:45,680 --> 00:56:54,559
» personally just tell me what you want to
do. And now instead of doing

663
00:56:51,200 --> 00:57:00,240
those maintenance things on a more
regular basis, I doing great keeping

664
00:56:58,160 --> 00:57:05,680
stuff fixed
>> and and addressed and I think that may

665
00:57:03,839 --> 00:57:08,480
work itself out.
>> Well, it's the active approach rather

666
00:57:07,520 --> 00:57:13,599
than reactive.
>> Yeah.

667
00:57:10,000 --> 00:57:18,079
» Then you're bound to be better
and fix it.

668
00:57:15,839 --> 00:57:23,799
It's funny.
What line was that in the CCD?

669
00:57:20,079 --> 00:57:23,799
» Uh, it was

670
00:57:25,599 --> 00:57:32,799
» the question the question about the tax
loss from the credits. I found that on

671
00:57:31,040 --> 00:57:38,079
the gateway.
>> Yes.

672
00:57:33,280 --> 00:57:45,599
» And it's like 6.9 million.
>> So that's not terrible. $7 million in

673
00:57:41,200 --> 00:57:45,599
the big scheme. That's a lot of money.

674
00:57:46,480 --> 00:57:55,440
Is that the estimate tax cap estimation
sheet?

675
00:57:49,359 --> 00:58:00,280
» It's the it's the um total tax credit.
>> Oh, okay.

676
00:57:57,280 --> 00:58:00,280
» Okay.

677
00:58:05,440 --> 00:58:12,119
» I mean, sorry, CCD.
>> CCD.

678
00:58:09,119 --> 00:58:12,119
» Okay.

679
00:58:13,280 --> 00:58:20,799
Did you answer that? Am I interrupting?
>> Well, I'm gonna I'm gonna ask for

680
00:58:18,319 --> 00:58:26,040
capital request. You guys can fill that
out.

681
00:58:22,640 --> 00:58:26,040
» I think that's

682
00:58:28,640 --> 00:58:34,599
pretty much what this
word.

683
00:58:31,599 --> 00:58:34,599
» Yeah.

684
00:58:35,760 --> 00:58:40,559
» Thank you.
>> Yeah, no problem.

685
00:58:39,359 --> 00:58:46,520
No problem. Thank you.
>> Thank you so much. Very interesting.

686
00:58:43,359 --> 00:58:46,520
» Good job.

687
00:58:54,079 --> 00:59:00,319
» Um,
let know in the meeting. I reviewed what

688
00:58:58,319 --> 00:59:03,319
was sent and I will also watch the
meeting.

689
00:59:06,480 --> 00:59:18,839
I'm gonna pull up the DJs estimated tax.
>> Yeah, because I I just looked at the the

690
00:59:15,440 --> 00:59:18,839
credit detail.

691
00:59:31,680 --> 00:59:35,520
» Green tea. green tea.
>> Yeah,

692
00:59:33,680 --> 00:59:43,119
» I do too.
>> Because I used to do the coffee

693
00:59:40,160 --> 00:59:49,640
like
>> quit drinking.

694
00:59:44,799 --> 00:59:49,640
» Yeah, I don't do fruit coffee just like

695
00:59:53,760 --> 00:59:57,040
» Yeah, no problem.

696
00:59:58,000 --> 01:00:02,720
Yeah,
>> I have a couple questions for you and

697
01:00:01,040 --> 01:00:05,720
I'll email you for redevelopment
purpose.