[0:02] Somebody online.
[0:18] » I think she has she
[0:26] the professional
Do you want me to text Kim and tell Kim
[0:31] to mute her thing?
>> Yeah.
[0:34] » So, you can't see it back here.
>> It's too far away.
[0:43] » Yeah, I want to go back to that. But I
need to be able to see this at the same
[0:47] time because this keeps out. So, I have
to keep the button.
[0:58] Hammerhead
[1:23] people have
[1:35] Yes,
[1:38] » I sent a text saying mute yourself.
>> I got it.
[1:48] » Okay, Steve. Now, what were you gonna
do? So, you want to just share your
[1:52] screen so they can see your PowerPoint?
>> But I still need to be able to see what
[1:57] I'm doing, too.
[2:05] » Need to share a tab.
Yeah.
[2:14] Go to window.
Yeah, there you go.
[2:21] Now you should be able to see both.
I don't know if you'll be able to click
[2:25] through. That's the tricky part.
You still have to click through the
[2:30] presentation.
[2:34] » So now if you minimize that, they still
see that presentation.
[2:39] » Minimize
>> the the PowerPoint.
[2:45] » Yeah. So they're still going to see that
PowerPoint, but
[2:48] » Okay. So then go back to year to here
>> for us.
[2:53] » Yeah. So, but you'll still have to Yeah,
there you go.
[3:04] » Okay. Is that where we're at?
>> Need need two monitors.
[3:06] » I'm sorry. I need a lot of things.
>> Okay. Um, page five is next.
[3:17] So now on page five, I'm moving from
2025 Senate Bill one to what was
[3:22] approved in 2026 this year. Uh so House
Bill 1210,
[3:29] uh that structure we just talked about
on local income tax, it moved from 2028
[3:34] implementation to 2029. So they push it
back one year. So the county will have
[3:39] to adopt the rates in 2028 to be
effective in 2029. the county council.
[3:45] Um
the first adoption, the way it reads in
[3:50] the statute shows a three-year adoption
and then after 2031, it's readopted
[3:56] every year after that. So the first year
you adopt in 2029, last through 2031,
[4:02] and then read every year thereafter.
Uh now instead of the 3500 population
[4:10] number, now all cities and towns going
to opt in to the under 3500 rate
[4:19] which the county sets and like I
mentioned before
[4:24] that is what we have found that's much
more beneficial
[4:28] to those city the most cities and towns
in the state to opt into that rate
[4:33] compared to doing their home. So, I did
have a question. Has anybody reached out
[4:38] to you guys like Syracuse, Warsaw?
>> Not in any official um Okay. capacity,
[4:46] but the state law does say that we to do
the committee.
[4:52] » Well, it's it's not required.
Not required. And And it does have uh
[5:00] language in there that says if you make
a decision, it must be unanimous. I
[5:03] don't think you have to make it. Suan
may have a different but what I read is
[5:07] you don't have to make a decision. If
you do, it has to be unanimous.
[5:12] » It's Yeah.
>> Yes. Yeah. So, I'm sure they will be
[5:16] reaching out to the county because,
>> you know, they benefit more from the
[5:21] county setting the rate than doing their
own, the ones that are over 3,500 in
[5:25] population. Yeah,
>> Trish Trish G sent a me yesterday from
[5:30] Milford asking about the must committee.
>> Yes.
[5:34] » To see if anything been done. I just
sent one back and said nothing but dead
[5:38] yet, but we know it's off the horizon.
>> Yeah. Yeah. They call it the must task
[5:43] force. So it's one member from county
council and then a fiscal officer from
[5:49] each one of those city sts is what it'll
be. Um, so I will help you guys on the
[5:56] numbers. You may have them already, but
I can help you out with that on the
[5:59] formula as well. Um,
>> so just to clarify, I'm sorry. Then you
[6:04] keep asking seated netit, we would be
able to continue to collect that until
[6:09] such time as we switch and then seed it
goes away.
[6:14] » That goes through 2028.
>> Okay. But then it goes away. It has to
[6:19] be a part of your bigger structure.
>> Yeah. So I didn't mention that earlier
[6:22] and I apologize. So local income income
tax the current structure is you're
[6:28] seated uh or coach county
>> ko county. So everybody has votes right
[6:35] when you set an income tax rate
everybody in the in the county
[6:38] » no the county controls it
>> the county controls it from your side.
[6:41] Okay the county controls it. So when you
set an income tax rate, then it's
[6:47] distributed by an allocation formula
based off previous property tax and
[6:51] income tax distributions. So that's how
it's currently set. Uh this new one,
[6:56] like we discussed,
uh the county will set their rate and
[7:01] then for this uh for the county rate,
the county gets all of those dollars and
[7:06] then the city and town rate that we were
just talking about, that will be
[7:10] distributed by population.
So, that's the formula that we can help
[7:17] you out with once we get there.
Um, we talked about the task force.
[7:26] I show I I did do the formula. I show
about the county would receive about 28%
[7:31] of that rate, whatever they set that
rate at. 28% of the dollars
[7:50] that would be on top of the county rates
that you said.
[7:57] And then finally, they capped fire
districts uh property tax rate at 40
[8:02] cents. They did fire territories last
year by 40 cents. Now fire districts are
[8:07] at 40 cents.
[8:11] Any other questions
on House Bill 1210?
[8:16] » Well, it says this municipal unit
strategic task force may be established.
[8:22] That's what you were saying.
>> Maybe. Yeah, I put the word maybe in
[8:25] there because it's not required.
>> But if you don't, doesn't the state come
[8:29] in and tell you what they'll do? I think
that's the next paragraph after that.
[8:36] » No, I mean we don't we're recommending
not to agree to anything because you
[8:41] don't know what legislation is going to
do next year on tax rates. Like you they
[8:45] do say if you agree by October 1st that
will be the rate but you know as you
[8:51] know they've been thinking about
reducing the county's cap. Right now the
[8:54] county's cap is 1.2%. they come in next
year and say 7% then how does that
[9:00] affect what the task force did right
>> well especially if the new rates aren't
[9:06] even going to be coming into effect and
you're make we're meeting before in this
[9:11] year when we even be
>> our new rates won't take effect until
[9:16] 2029
[9:19] » correct
>> seems kind of like
[9:22] » it's just another one of those
>> you wouldn't starting
[9:26] What do you think?
>> It's just another one of those things.
[9:30] » Sounds to me like you wouldn't want to
start the committee till after next
[9:32] session.
>> Yeah.
[9:34] » Yeah.
>> Yeah. It I agree. I think
[9:37] » closer to
>> I think it's early.
[9:39] » Yeah.
>> Uh but they did put an October 1st
[9:42] deadline on
>> to form the committee or to make
[9:45] » form and make decisions. If you make a
decision,
[9:49] » doesn't mean you can't form the
committee and meet and not make
[9:52] decisions. Yeah.
>> Right. You can discuss it. Yeah. Right.
[10:01] Okay. Um,
>> you could go down and testify to as a
[10:06] committee and talk to them about how
your county looks. Like you do form the
[10:10] committee this year.
>> And you I would say not everybody's
[10:15] represented by Financial Group or Baker
Tillies of the world. So they don't even
[10:20] know what their losses are going to be
yet with property tax, right? I would
[10:24] say some of them don't know. So how can
you come to a conclusion on rates when
[10:30] you don't know all the data my
[10:35] but yes you can still get together and
discuss.
[10:39] Um page six
[10:45] uh Senate Bill 179. Sure Steve knows
about this one. Um CCNG second call
[10:53] approved for an extra 75 million for the
units that didn't get matches in late
[10:58] 2025 and fall 2025.
>> That's what we received already. So we
[11:05] got the award letter uh right after the
commissioners meeting last week we went
[11:09] in. We were part of that extra 75
million. So that's what to extend out
[11:15] Packard and Ar.
>> Yeah.
[11:18] Um, so something new wheel tax.
So if a so if Warsaw for example would
[11:28] now go in and do their own wheel tax,
the county could no longer when it when
[11:33] it takes effect can no longer collect
off the reg registered vehicles in that
[11:39] area.
Um, now the ones that the counties that
[11:44] had stack taxes before had a county and
municipal wheel tax, those are
[11:48] grandfathered in. But if it takes effect
after
[11:52] uh December 31st, 2026,
then it's separate. Now, I will say
[11:59] I'm working with the county. it actually
benefit them when
[12:04] municipality did their own wheel tax
because
[12:08] they now have a higher even higher
proportion of the road mileage and
[12:12] population. But I don't think that's the
case for everybody. I think it's a case
[12:15] by case thing. So just something to keep
in mind if you hear about other
[12:20] municipalities wanting to do to do a
wheel tax, it could impact your wheel
[12:24] tax revenues.
[12:29] Um,
again, will taxes need to be submitted
[12:35] by September 1st to be effective January
1st of the next year.
[12:52] Does that say
[13:09] » hit that? That's what I was thinking.
Yes, we're still there.
[13:17] » Show my What's this thing? show my
screen.
[13:23] » Okay.
>> Still need to show the presentation.
[13:29] » The one, excuse me, the one to the
right.
[13:34] » Yeah, they go to the right.
[13:41] » Any question?
[13:45] » I'm gonna have to have a conversation
with the IT.
[13:48] That's all right.
[13:52] Uh, page eight,
just getting into 2025 number.
[14:02] » So, um, the county, everybody on PTA,
the county grew cash by 7 million in
[14:10] 2025. Um, mainly due to unused
appropriation. So that's common for the
[14:17] county. Um had quite a bit. Maybe there
wasn't as much bridge projects as you
[14:22] originally thought. I can't remember on
that.
[14:25] » Carry over our bridge.
>> Yeah, you carry over.
[14:29] » Um
and then there I'll have another page
[14:33] that shows all the unused, but that was
the main brunt of the 7 million and in
[14:38] growth for all your funds.
The general fund had a surplus, so
[14:44] revenues over expenses of 2 and a half
million.
[14:48] Um,
as you guys know, your bridge rate
[14:51] increased. 057,
which equates to about $622,000 in levy.
[14:58] So that amount in the bridge,
whatever you increase or decrease that
[15:03] amount to, that pulls from the general
fund and all your other property tax
[15:08] levy funds. So, um, if you see that
maybe you have enough cash for 2027 and
[15:14] you need to reduce a little bit, that
pushes into the general fund for
[15:17] operations. Um,
and then your net assessed value, like
[15:22] we talked about earlier, even with the
slight increase in deduction, it still
[15:27] grew 8.23%
in 2026. So, you guys have strong growth
[15:32] right now. the more you can continue to
have strong growth, the more you can
[15:35] offset some of the Senate Bill One
impacts.
[15:41] And since 2022, your property tax rate
has reduced four and a half cents, which
[15:47] is quite a bit.
And I'll show uh I'll show that on
[15:51] another page as well.
Page nine, this is just an overview of
[15:59] the major funds that I keep track of.
for the county.
[16:06] » Oh, that's okay. Um, you can see from
starting from the left, you have your
[16:11] funds and then I have your beginning
cash balance, expenses, revenues, if you
[16:18] surplus or deficit in that fund, and
then ending cash balance. But the yellow
[16:22] column is what I wanted to show you on
the unused. Um, now this it was the
[16:27] unused was high in 25, but typically the
county does have unused appropriations,
[16:32] which is a good thing for building cash.
Um, but I'll show you here in a second
[16:37] how that might change in the future. Um,
but as you can tell, there's just quite
[16:41] a quite a bit of unused that led to a
lot of savings and cash,
[16:47] which I think you'll need down the road.
>> But we also need to look at what was
[16:51] encumbered.
>> Yes.
[16:53] » That's going to make That's correct. a
whole lot different.
[16:56] » So like your general fund, you encumber
wages every year a lot. So that's going
[17:02] to increase your unused because they may
have worked at the end of 2025, but you
[17:08] actually pay it in 27. I think that's
why you would cover those amounts. So
[17:13] » So all that gets deducted from the
>> Yeah. The same thing for the bridge
[17:18] fund. Like when we talk about like and I
gave him my projections for the next
[17:22] five years, these have to because
they're fiveyear projects. So you have
[17:27] to build up. We only get 800 and some
thousand. Well, you all know bridge
[17:31] doesn't cost that, right? Even the 20%
well over that. So what we have to do is
[17:37] bank that money to be build it up so
that when these projects do hit that we
[17:42] can afford those. But still that's what
you know the projection that I gave Rey
[17:46] here I don't know a couple months ago
shows you in 2027
[17:51] you were getting pretty tight.
>> Yeah. So and I keep track of that. He
[17:55] gives me his projections. I keep track
of that in the financial plan. Uh you'll
[18:00] see that in all these other uh tabs in
this binder. But I keep track of that
[18:05] just to try to make sure you have enough
money in the Kingbridge fund uh to pay
[18:09] those local matches. So, any questions
on 2025?
[18:22] So, this is one of my favorite slides.
Uh, page 10. So,
[18:28] the top purple line is your net assessed
value and the black line and bars at the
[18:34] bottom is your property tax rate. So, as
I was saying earlier, your net assessed
[18:42] value growth has always been higher than
the growth quotient that the state not
[18:47] always since 2022 on this graph has been
higher than the growth quotient that the
[18:52] state sets every year. So,
your net assessed value is growing
[18:56] higher than revenue growth. Your tax
rate is going to go down. And then you
[19:01] can see your tax rate since 2022 is,
like I said, down four and a half%.
[19:07] Um,
now I expect as we get further along in
[19:12] Senate Bill one that those two lines
will get closer together. They'll
[19:17] flatline on both sides and maybe even
start creeping toward each other. So,
[19:23] but if you continue strong growth, you
delay that.
[19:29] And then, uh, 2025's property tax rate.
I compared 19 other counties to you guys
[19:35] based on net assessed value. You are the
19th lowest.
[19:40] Pretty good.
[19:44] And that data is in this mind too. I can
show you later if you want to find it.
[19:49] Um
in question.
[19:56] Okay. Cash reserves in your general fund
only. So on this graph I have the year
[20:03] 2022 through 2028
and the blue line the blue bars are your
[20:10] revenues the red are your expenditures
and then that purple line at the top is
[20:14] cash year in cash balance. Um as you can
tell 2022 through 2025
[20:22] the blue line's higher than the red but
then I've built in Senate Bill one
[20:26] impacts starting in 26 27 and 28. You
can see how the red line starts to creep
[20:32] closer to the blue line and then your
cash balance flattens up. So that's what
[20:39] we're going to see. I'd have a base like
5% assumed growth in your assessed
[20:45] value. If you keep growing at 9%
that purple line's going to be a little
[20:49] bit higher, right? Depending on how much
you spend, but um it just depends on how
[20:55] assessed values come in in the future.
uh nothing to be alarmed uh because you
[21:00] guys are prepared for it. But just know
that when you're
[21:05] making future budgets that the ex the
reason that blue line gets closer to the
[21:10] red line is because circuit breaker is
going to increase
[21:14] » because what
>> circuit breaker. So
[21:17] circuit breaker is the amount
of your property tax bill that goes over
[21:22] the cap. So, if you have a $100,000
home, the max you're going to pay on
[21:28] that is 1%. It's $1,000. But if your tax
bill equals $1,200,
[21:34] that $200 is circuit breaker. It's not
collected. It's not collected. So the
[21:40] reason circuit record is going to go up
is because those increased deductions
[21:44] that we talked about
increases your tax rates and therefore
[21:50] properties get closer to the caps
because of that. And then also the
[21:55] homestead credit which I call circuit
breaker 2.0. It's not really circuit
[21:59] breaker but it's I call it circuit
breaker 2.0 because it's a pot of money
[22:03] that you're not collecting on top of the
tax caps. So basically what you're
[22:07] saying as we get closer to 2028 our
circuit breaker losses are going to be
[22:11] greater which is why those are coming
together.
[22:15] » Correct. That's the main reason. So tax
caps because of deductions in your home
[22:20] state credit.
>> Yeah.
[22:24] Now like I said the more you if you grow
above what we have projected here it's
[22:29] not going to be as significant.
[22:34] And then also one thing they've capped
the growth quotient. So the state sets a
[22:39] percentage that the county or that all
units can grow the revenues by each year
[22:45] and it's been capped at 4% the past few
years. They didn't cap it for next year.
[22:50] So what I saw in the statutes, they were
estimating it. They said 6%. So that
[22:58] could increase circuit breaker even
more. I mean it's kind of a blend of
[23:01] increasing your revenue. We're getting
in in the weeds here, but uh that could
[23:06] increase your circuit breaker, but also
increase your revenue slightly. It just
[23:10] depends on assessed values.
>> When you did expenditures, did you
[23:14] figure in like inflation and wage
increases?
[23:17] » Yeah. So, I have 2% on wage increases
built in to this. And then other things
[23:24] I have like 1% a year. I know some some
years it's a lot more and some it's it's
[23:30] tricky because there's a lot of lines in
there. Um but like capital and supplies
[23:36] I have 1% but I know there's a lot of
like contracts in those lines as well
[23:40] that stay flat every year. So I have a
2% on wages and like 1% on on capital
[23:46] and then there's some capital like what
Steve gives me that I have built into
[23:51] the plan. So it's not a percentage
growth. It's based off what he gave me.
[24:01] So yes, I have increases in there.
[24:09] All clear.
[24:16] So this is just an overview of what I
have projected for 2026.
[24:20] I'm conservative. So I project unusual
preparations for you guys because we
[24:24] have it every year and I'm conservative.
So you'll see some deficits in deficits
[24:30] in there that may actually be surpluses
by the end of the year. But this is what
[24:35] I have projected in the financial plan.
Uh
[24:39] I think in August last year I met with
you guys. I talked about your highway
[24:44] funds, wheel tax. um
cambridge you you increase your rate so
[24:51] but those funds you know gas tax
revenues and wheel tax revenues tend to
[24:55] stay flat they don't grow like property
tax revenue and lit has so you may start
[25:01] to see those but u your expenses versus
your revenues and those funds get a
[25:05] little tighter um but you guys can more
than offset that with income tax
[25:11] starting in 29 the new structure we'll
see if they do anything different next
[25:15] year. Um, so I did present a couple
options last year like will tax and
[25:21] things like that, but definitely with
the new local income tax structure, you
[25:24] could make that for some of these depths
of spend these funds because it's one
[25:29] thing I didn't mention also the new LE
it's general purpose so you can use it
[25:33] where you want.
It's not like current lead where it's
[25:36] public safety or economic development or
judicial etc. It's general purpose, so
[25:44] you can plug it wherever you'd like. Um,
I don't know if the SPOA will like that.
[25:49] We'll see.
[25:53] This is just all projections 2026 that I
have so far.
[26:01] Next page.
Uh, quick capital discussion. This is,
[26:07] as I mentioned, you were asking about
expenses. This is the capital I have to
[26:12] the financial plan. Um, so you can
highway department is all the red here
[26:19] and then I have commissioners and
sheriff department. I know you probably
[26:23] have a lot more than this, which is why
I need to probably get with Alyssa
[26:27] for you to reach out. Usually I reach
out straight to Steve, but other
[26:31] departments, if you have any big capital
items coming in, let me know and I can
[26:35] plug it into the financial plan so that
when you do your budget,
[26:39] um, I can see
where we need to put that right now.
[26:45] Like your edit fund is a good resource
for capital, which I think the
[26:49] commissioners are using. Um, but you
have like $15 million in there, so just
[26:54] good for for capital use. Um but
if if uh revenues and expenses start get
[27:02] getting a little higher in the future
because of Senate Bill one, this becomes
[27:06] important. You know what I mean?
Planning out your capital expenses and
[27:11] seeing where you can pay those crimes.
Um CPG and lane mileage. So
[27:20] you've been getting CCNG for a while,
but now there's a lane mileage grant.
[27:24] But because the county has a will tax,
you qualify for that already. But my
[27:29] understanding is the combined between
CCNG and the lane mileage will not be
[27:35] above the 1 million that they approve.
Right.
[27:38] » So with with the Senate Bill 169 or 179,
what has happened is that we will get a
[27:44] lane mile distribution. Remember that
that's different than a just it's by
[27:49] length rather than total mileage which
we receive our MBH from right now. So if
[27:56] we exceed the match of the total grant
of the community crossing. So like let's
[28:01] say that it's $1 million is a match.
Well, if we exceed that in a lane mile
[28:06] distribution, we will no longer be
qualified to apply for the community
[28:11] crossings matching grant. So now I do
have some projections on what we're
[28:16] going to get and I like I said I don't
think we'll be able to apply this point
[28:20] forward. They're saying that they are
going to do a distribution in May. Um
[28:25] which means that we won't see it until
maybe June or July if if it comes out
[28:30] this year which they're still working
out.
[28:32] » Is that CCG or the lane mileage?
>> It's a lane mileage.
[28:35] » Okay.
>> So for community crossing we
[28:38] » I may talk to you about that later too
about how they're calculating that. We
[28:42] use the formula. LTAP has done it for
most locals to kind of figure out if
[28:48] they and they have it on their website.
>> Okay.
[28:54] » Files because the cities
multiple
[28:59] lane highways.
>> Yeah.
[29:03] » Remember they if they don't have the
wheel tax, they won't get that lane mile
[29:07] distribution. So yes, if they don't have
the wheel tax, they won't receive that.
[29:11] Yeah.
So you'll I mean we've already seen
[29:14] quite a few municipalities do will tax
last year. You're going to see more and
[29:18] more of that
and that's why they got rid of that
[29:21] double tax
county and municipality. So
[29:30] um next page continue capital um
not not hugely important for you guys on
[29:37] page 15. It's just what I have projected
in the Q bridge fund which Steve gave me
[29:42] and then commissioner and share of
capital. So I'll get with I'll get with
[29:47] you guys on any other capital that I may
not have had in the money right now
[29:57] page 16.
[30:01] So I kind of mentioned this earlier with
Cassie going back to uh future Senate
[30:07] bill one impacts for property tax. So
searcher breaker equals property tax
[30:12] revenue revenue not collected due to
properties getting tax caps. Um and then
[30:18] also you have the homestead credit of
10% up to $300. So what this graph shows
[30:24] is here's your 2025
circuit break. The blue was the circuit
[30:31] record of the general fund and then the
red was the total circuit record. You
[30:36] can see now these highle projections.
Okay, you can see how that circuit
[30:41] record increases
up to 2030. It'll actually increase to
[30:45] 2031, but I wanted to keep the graph
short. But 205 and 289 289 total in 2025
[30:53] and then I've got 3 million in 2030. So
that circuit breaker is shared amongst
[30:59] all your property tax levy funds. So it
won't be just three million in the
[31:03] general fund. It'll be
general
[31:07] CCD and things like that. So that just
shows
[31:14] the impact of those deductions and home
state credits
[31:19] and everybody's going to be basic. It's
not just
[31:27] question.
Okay,
[31:31] this is local income tax from Senate
Bill one. So I have 2026, 2027, 2028 and
[31:40] then I have four different projections
for 2029. So this is the amount of lit
[31:46] local income tax revenue that you're
receiving in 2026.
[31:51] uh projected 27 and 28 and then 2029 the
first blue column is a.3% rate the
[32:00] second 6 third.9 and fourth 1.2 too. So
you can see how much more revenue is
[32:06] possible
for the county.
[32:10] Um now this is just the county rate
only. This doesn't include the under
[32:16] 3500 rate that we talked about or I said
we get 28% of that as well. So when it
[32:21] comes time to make these decisions,
we'll have to look at what do we want
[32:25] the county rate to be? What do we need
the municipal municipal rate to be to
[32:31] make those units whole and also help the
county
[32:38] and then you also remember you'll have a
fire EMS rate and a non municipal rate
[32:44] as well.
[32:49] And then on the right, uh the the
municipality rate, uh there's a bullet
[32:54] points that show the dollar amounts on
the the different rates.
[32:59] That's not included in the graph.
[33:08] That makes sense.
Okay.
[33:17] Uh
[33:23] Okay. Can I ask a question? Okay. So,
this shows that the income tax,
[33:28] » but it doesn't show how how the property
tax changes. In other words, it's not a
[33:35] combined.
Here's here's the changes,
[33:38] » right?
>> Okay.
[33:39] » Yeah. So, um can you
you go back to page 16?
[33:49] you just look at 2030.
>> Yeah. Okay.
[33:53] » Um you can say that total number $3
million reduction.
[34:00] And then if you look at page 17,
[34:06] you can see how many dollars
[34:11] are collected by each rate.
And then you can compare that to 26
[34:16] through 28. So you know you in 2029 if
you get a 6% rate just on the county
[34:23] um you're looking at
6 million more just on that rate
[34:28] compared to what you're currently
receiving. So that offsets more than
[34:32] what you're property tax rate.
>> Yeah.
[34:36] » Thank you.
>> But yeah, I can put one together that
[34:40] combines it if you want.
I think
[34:45] » okay.
[34:54] » Yeah.
[35:02] » Um, as I mentioned,
circuit breaker will continue to
[35:08] increase. Um the county can offset those
losses with lit if they choose. Um but
[35:14] this may not be the case for the
municipalities. Um her budget is going
[35:18] to be a lot tighter.
So they'll want to be made whole. You
[35:22] know, you have to take them into
consideration as well determining the
[35:25] rates.
Um as mentioned before also the new lit
[35:30] is general purpose. So you don't it's
not earmarked to just one bun. you can
[35:36] place it where you like. It's the way it
stays right now. That could change.
[35:42] And then obviously RE will continue
monitoring uh legislation. Um there was
[35:48] already talk this year about counties
having a lower cap.
[35:54] So that may come up next year.
[35:58] Listen,
[36:02] part of the problem though, the people
that live in the municipalities,
[36:08] there is truly no way to break out
exactly what their income tax payments
[36:12] are going to be because they are not
segregated in any way.
[36:18] » Yes,
>> this has been a longgoing project. They
[36:20] came to the AIC five years ago and asked
if they if we wouldn't give them
[36:24] $500,000 to start that process and here
we are five years later and now they
[36:30] think they can get it done in two years
which I believe is a part of the push
[36:33] back.
>> I have a Seymour address but I don't
[36:36] live in Seymour.
>> Yeah. Yeah.
[36:37] » You know
>> I have address
[36:42] and uh
>> Yeah. I mean I I work Clarksville. They
[36:48] have Sersburg addresses.
>> Yeah.
[36:50] » In Clarksville. How do you
>> How do you
[36:54] » We are not unique. You nor us are
unique. Every county has that same
[36:58] issue. Yes.
>> So until they get the first year or
[37:01] they've actually pulled out and then it
will separate cities, municipalities
[37:07] from the counties, nobody's going to
know what anybody's basically.
[37:12] » Yeah.
>> In my own.
[37:13] » And that's probably another reason for
the one-year delay.
[37:16] » Yes. And they may delay next year to the
23rd.
[37:20] » They may delay it another year and say,
"You know what? We had one bad maybe."
[37:25] » Yeah. Yeah. So, yeah, I agree with you.
I don't know how they're going to do
[37:29] that at this point. So, I could be mean
to how do you
[37:36] » where's the line
>> create that data, right?
[37:39] » Yeah. Because you can't use addresses.
So
[37:43] um
cash reserves obviously county has
[37:48] healthy cash reserves but keep an eye on
the highway funds
[37:53] um
probably
[37:57] in the near like especially for the will
tax fund I think that's the cash
[38:01] reserves are getting really low on that
so you may have to move that somewhere
[38:05] else or just keep that in mind or
when we look at budgets
[38:12] So
uh hbridgeidge fund
[38:17] as I mentioned any reduction in tax rate
or increase moves it out of the general
[38:23] fund. So keep that in mind. You know if
we're in 2029 or 2030 and certain
[38:28] records hot eye and you have plenty of
cash in your bridge fund you can
[38:33] reduce that amount again still pay for
your bridges but put a little bit more
[38:37] money in general fund. Um
911 bunt that keeps spinning down as
[38:44] well as you know that may have to be
moved. You guys may have a plan for that
[38:48] already. Um but that's spending down
close to zero and might have to be moved
[38:54] in the future to the general or
somewhere else. Uh and then obviously
[38:59] continue to be prudent when developing
budgets because we just don't know
[39:03] what's going to happen right now. Um
will tax rates be cap? There's talk talk
[39:08] of cap tax rates which is a whole
another discussion. I don't know how
[39:13] they would do that because a district's
going to have to be cap district rate
[39:18] and that's challenging I think. Um so
um as I mentioned at the bottom right
[39:26] the the wage increase I have in the
financial plan in this planner is 2%. as
[39:32] of now, but as we get closer to budget,
um we can look at different options
[39:39] for wages.
So, uh this in April, the DGF will
[39:45] release circuit breaker. That'll be very
helpful because it's kind of a I mean,
[39:50] we've estimated it, but we don't know
100% for sure what it's going to be. Um,
[39:55] and then later on we'll get assessed
values and then we'll be able to plug
[39:59] that in and see what your revenues are
going to be and then look at wage opt
[40:02] options
[40:10] and then next steps. I would like to
meet with you guys again for budget
[40:13] purposes. I think we met in August last
year but I can meet again in August or I
[40:19] can meet earlier. I
>> think August is too late. Yeah, I can be
[40:24] earlier.
>> The department does have to have their
[40:26] budgets completed and turned in to you
guys by what? Mid June,
[40:32] » second week of June, somewhere along
there.
[40:37] » May end of May.
>> Yeah.
[40:40] » Yeah. I know there's continual
adjustments on the Yeah.
[40:43] » What does that have to be developed and
turned in so they can put everything
[40:45] together for us to do our budget
hearings,
[40:48] » right? Yeah. And I was thinking maybe
July.
[40:52] » Yeah. Their their budget meetings with
the departments are scheduled in August.
[40:55] » In August. Yeah.
>> So what do you think Melissa when would
[40:58] you like to and I'll be sort of thinking
>> before the budget meetings from the
[41:06] department
>> towards the end of July?
[41:09] » End of July. End of July. I think last
year was beginning.
[41:13] » I think it would I think it would maybe
be helpful if we had the information
[41:17] from the departments
and then have a meeting.
[41:22] Yes.
>> Yeah. I'd like to have that at least.
[41:25] » Yeah. Then you would have what
>> at least
[41:27] » because if not you're just coming and
talking in general. We're not looking at
[41:31] specific.
>> Yeah. And I know June is the typical
[41:34] date to get those but there's
adjustments after that. So
[41:38] » the early July is best.
>> I would think so.
[41:42] » Okay. Do that.
>> So yeah. Do you want to shoot us a
[41:45] couple dates then?
>> Okay. I'll do that.
[41:51] Okay, I'm I'm staying out of that. I'm
letting you guys work that out.
[41:57] I'm throwing the
guys that out. Just let me know.
[42:06] » Yeah, I'm sure more things will come up
by then, too, for budget.
[42:17] Are we done or
>> that's that's all I have.
[42:20] » Can you go back to page 17
and just explain the 35,000 book view
[42:27] for me of how we're currently at 1%
live? Yes. But then even with the rate
[42:36] in 2029, Yeah. if it went down, revenue
still goes up. So the reason you're
[42:42] currently at 1% and it's only the
countyy's only receiving 12 a.5 million
[42:47] and 26 is because that 1% is distributed
to all the units.
[42:51] » Oh
>> whereas
[42:54] the 6 in the blue all goes to the
county.
[42:58] » I see. So there's no sharing. There is
sharing, but you're going to have a rate
[43:04] just for the county, a rate for fire, a
rate for non-municipal, and a rate. You
[43:10] will have another rate that's shared.
That makes sense.
[43:15] » Yeah.
>> So, in general, it's because we're
[43:19] sharing all we have to share all those.
They're certified shares, so it's split
[43:23] among how many tax.
>> Yeah.
[43:29] And then Yeah. So that's just the county
rate that I have in the blue. And then
[43:33] on that right side is the municipal rate
that's shared. And I have at each each
[43:40] tax rate what I think the county would
receive based on that rate. So you can
[43:44] just you can take the 19 million and the
6% plus whatever rate you want to adopt
[43:51] on right that dollar amount.
[43:58] There's so many scenarios, it's hard to
create one graph for all the variations.
[44:04] We'll figure something out.
>> So, so on the tail end of the bills
[44:10] where you're supposed to either get 1%
or $300 max.
[44:14] » Uhhuh. Yes.
>> Where is that coming off at?
[44:20] » That's coming off your final bill.
You're you're I I get that, but it was
[44:24] never calculated any place in what we
are expecting
[44:28] » on the abstract. That was never done
anywhere.
[44:32] » So that says that's just the net loss.
Whatever those are all added up is what
[44:37] we're just not going to get. But we
don't know what that figure is yet.
[44:41] » I don't know.
[44:45] » I know they'll have it on the tax bill
like coming off the end on the abstract.
[44:49] I don't know. I don't know if I know
>> collectively,
[44:53] » right?
>> That's going to have a big impact if we
[44:56] think we're gonna get, you know, X
million and it winds up this takes off.
[45:00] » Yeah.
>> I mean, it probably won't take off all
[45:02] that much. It's more $300
>> per property, but still
[45:05] » and even less than that.
>> It's not even per property.
[45:09] » So, I mean, I' I've looked at mine and
mine 10% would be $72 for my property.
[45:15] » Yeah. But when you had a whole bunch of
72 or you had a bunch of 300.
[45:20] » Yeah.
>> I mean pretty soon you're talking about
[45:22] real money,
>> right? For that
[45:25] » but I just didn't
um we actually
[45:31] let me get with you after the meeting.
>> Yeah,
[45:34] » the DGF actually has a uh estimated
number. They released a sheet and I'll
[45:41] pull that up for the fact. Yeah. But I
don't know if they'll surely they'll
[45:46] have that number in the abstract, I
would think. But I'll have to I'll check
[45:50] on that
because you have to know how much you're
[45:54] going to collect, right?
>> But what you're going to collect
[46:02] Yeah. You're
[46:06] » also have to know what you're going to
distribute. That's pretty
[46:09] » Yeah.
dealing on the second.
[46:13] » Okay. I'm sorry.
[46:20] » I'll I'll pull it up here after we're
finished.
[46:23] » Okay. Carrie gave me a list of
questions. Sorry he couldn't be here.
[46:27] » That's all right.
>> So, first one, uh, we have projects
[46:30] planned. Is there concern over using
edit dollars to complete these projects
[46:36] debtree? for example, the um you know
they have the
[46:41] » parking garage
>> park garage is that
[46:44] » and as of what I have in here now no
there's no concern now if there's been
[46:48] additional I still don't think there
would be concern but um I have
[46:55] let me look at my capital
>> so in other words you had one page that
[46:59] we didn't go over that had the capital
>> if you go to
[47:03] » edit funds for the county commissioners
>> if you go to the capital improvement
[47:08] plan tab on the very left.
>> So the the tab
[47:14] » got
there.
[47:19] » Thank you.
>> Yeah, no problem.
[47:22] » Uh
>> so you
[47:26] see the commissioners department. Oh
yeah, I'm sorry.
[47:32] » So you see the commissioner's department
at the top.
[47:34] » Yeah. Um that's how much how many total
dollars I have for commissioner's
[47:40] capital built into the financial plan.
But then if you go to the table below
[47:44] that you can see uh general fund
commissioner department you can see the
[47:49] dollar amount by year edit department.
>> I've got 7 million and 26 and six and a
[47:56] half and 27.
>> Okay.
[47:59] » Built in. And
>> does that make sense?
[48:02] » Yeah it does.
>> Okay. Um, and then so that's all I have
[48:06] for now. That's what I'm saying. Like
there's more than that. There could be.
[48:10] Um,
>> so that does include the parking garage.
[48:13] » Yes.
>> Okay.
[48:15] » And then not to I don't want to uh
confuse anybody, but
[48:21] you go to
>> But what you have on there is because
[48:26] commissioners have a capital improvement
plan and that's given you.
[48:29] » And I'll ask you.
>> Yeah.
[48:32] » Correct. And I'll ask you again if
there's been any updates or anything
[48:37] because it's a threeyear plan. So
>> yeah,
[48:40] » next year
or amended depending on what's going on.
[48:44] » Yeah.
>> Then the other unknown is what it's
[48:47] going to cost us to fix this building.
>> That's another question.
[48:51] » That's coming up.
>> Okay. And then in that regard, what did
[48:55] he ask about that? Um pros and cons of
using rainy day. Okay. for the
[49:03] repairs is do you see a pro or well the
repairs that that they're talking about
[49:09] is there a benefit of using either the
rainy day funds or edit funds for that
[49:14] do you see any
>> I think
[49:17] I think let's get the numbers and then
see where the best is what is my opinion
[49:24] so if you uh if you look at page 29 in
the financial plan Um, it's behind the
[49:32] capital improvement fund ad
[49:44] » that is the that is the edit fund
and as you can tell I have the capital
[49:51] uh so between the two green lines is
2025 and then I have 2026 through 28 to
[49:57] the right
>> and you can see the red. That's the uh
[50:02] how much the fund's going to spend down
in those two years because of the
[50:05] capital I have for the commissioners.
>> Okay.
[50:07] » But you can tell if you look at the very
last line at the bottom, you can see the
[50:10] cash any cash balance. So, no, that's a
good use of edit funds in my opinion.
[50:16] » Okay.
>> And I would keep it in edit
[50:19] » if if we can afford it.
>> Yeah. I mean, I it just depends on what
[50:24] the dollar amounts are.
>> Okay.
[50:28] Yeah,
>> I wanted to show you that fun too
[50:30] because I have all these funds in in
this binder that you can look at.
[50:35] » He has a question mark but I think
you've answered this. No change in edit
[50:38] dollars till 2029 when must be
established. That's what the question at
[50:43] will basically ask. And then um
projections for receipt oh projections
[50:51] for receipts of edit funds 2026 2027.
That's you already put that in. Yeah.
[50:58] So,
>> see the green in that graph?
[51:02] » Yeah. Yeah.
>> That's a projection. I'm just using 3%.
[51:06] » Okay.
>> It's not like really detailed projection
[51:09] or anything. I'm just assuming 3%. Um,
>> so in other words, even though like we
[51:15] have budgeted $4 million in the 2026 for
the parking garage, because our edit
[51:21] funds, in other words, it's going to
still stay flat what we have available
[51:26] because of the money we're bringing in,
the revenue we're bring.
[51:29] » You haven't Yeah. You haven't changed
the rate. So, the amount of revenue,
[51:32] it's going to it grows typically every
year, but it's going to stay flat.
[51:36] » Okay.
>> Yeah.
[51:38] » Um, yeah, about that. just repairs 750
budgeted and additional 750K in 2026.
[51:50] » Maybe I should just show you.
>> You can email me. Yeah. Question.
[51:54] » Okay. Maybe I'll just I tried to figure
out how to send this.
[51:57] » I typed it up because I can't.
>> Oh, okay. Oh, well then I'll let Marsha
[52:02] be in charge of this.
>> Oh, no.
[52:05] County general fund. He wanted to know
what would be considered a conservative
[52:09] balance.
County General itself
[52:12] » Rey Financial recommends 50%.
>> 50%.
[52:15] » But you guys are above that. I mean,
>> yeah.
[52:18] » So, you got to write Nick take notes on
this for me.
[52:23] » And the reason we
>> the reason we use 50% number is because
[52:27] property taxes are received June and
December, you know, every six months.
[52:31] » And then the same with the edit fund. uh
edit fund can different counties use
[52:38] edit funds for different purposes. If
you're using it for capital purposes,
[52:43] capital funds, we just try to balance
the cash and you know it depends.
[52:49] Sometimes we'll try to build cash if you
have a bridge you need to pay for,
[52:52] right? And in four years we'll try to
build cash up to that point. But if
[52:56] you're using edit fund to pay
operational expenses, then 50% cash
[53:01] balance
>> and there are some operational expenses
[53:03] there. Yeah, I know insurance in the
past.
[53:06] » Yeah,
but
[53:08] » you have multiple options for insurance
where you pay it from.
[53:23] » I think most of these are just
statements like the justice building
[53:26] repairs. Um, we have to do a Brook here
pretty soon. So, 750,000.
[53:32] Um we're looking at that fund that is in
uh CCD I believe. Um
[53:40] » so CCD is another one that
>> because we have it we have this year
[53:46] 2027 we have 750,000 in there. We are
increasing it 250,000 year over year to
[53:53] cover expenses for the justice building
courthouse repairs. Yes. So we would use
[53:59] part of it possibly at the end of this
year and what is in there for 2027
[54:05] because of that expense.
>> Yeah. CCD let me check something with
[54:15] CCD is one that continues to you still
have you have $5 million in there but it
[54:21] spins down every year. So you're that's
a good use of that for now. If you want
[54:26] to use the CCD fund, you can. Now, if
you were a county that had 200,000 in
[54:31] your CCD, I would recommend moving it to
edit, right? It just kind of kind of
[54:35] have to balance where you have cash
reserves and where you can spend it.
[54:40] » Yeah, I think that's okay. So I think
the way that conversation went and that
[54:46] guy came and I remember Joanie was the
one that asked what would we need a year
[54:52] to make improvements in that year. Mhm.
>> So, I don't think that it was ever
[54:58] intended that it would be
done the way it's been being done in all
[55:05] honesty because in the end you're going
to wind up with
[55:12] if you were given $250,000 in one year
said fix whatever you can fix with that,
[55:17] whatever you didn't spend in that year
might be able to be moved forward to the
[55:21] next year and then you'd get another 250
plus what you didn't spend back there.
[55:26] » But I don't know that it was ever
intended to double on itself and add 250
[55:31] to it every year.
>> The end was supposed to be because it
[55:34] took us $2 million to fix out of our
money. And Joanie asked the question,
[55:40] what would it cost every year if we kept
up the maintenance? What would it cost?
[55:45] That answer was $250,000
based on his his estimate.
[55:49] » An additional 250 every year, I would
think.
[55:52] $250,000 this year, $250,000 next year.
Okay. 50,000.
[55:57] » But what they wanted to see happen was
to cover like the Justice building um
[56:03] the money that we use for the
renovations for that. You know, they say
[56:07] we replace a carpet like that in a
building like this every six years. So
[56:12] they wanted to be sure when we got to
six years that money was sitting there
[56:16] in the pot.
>> Yeah. So that's how you're building it.
[56:21] Yeah,
>> I like just okay, let's do a capital
[56:25] plan. Let's just do every six years it's
going to cost this much and then that
[56:28] year we budget it. You know what I mean?
Instead of
[56:31] » carrying it o carrying over
appropriations like interesting
[56:34] » with people at that point in time. I
don't know that that was the appetite
[56:38] because nobody liked that we had to have
that big of a chunk of money all at
[56:41] once.
>> So that's why
[56:45] » personally just tell me what you want to
do. And now instead of doing
[56:51] those maintenance things on a more
regular basis, I doing great keeping
[56:58] stuff fixed
>> and and addressed and I think that may
[57:03] work itself out.
>> Well, it's the active approach rather
[57:07] than reactive.
>> Yeah.
[57:10] » Then you're bound to be better
and fix it.
[57:15] It's funny.
What line was that in the CCD?
[57:20] » Uh, it was
[57:25] » the question the question about the tax
loss from the credits. I found that on
[57:31] the gateway.
>> Yes.
[57:33] » And it's like 6.9 million.
>> So that's not terrible. $7 million in
[57:41] the big scheme. That's a lot of money.
[57:46] Is that the estimate tax cap estimation
sheet?
[57:49] » It's the it's the um total tax credit.
>> Oh, okay.
[57:57] » Okay.
[58:05] » I mean, sorry, CCD.
>> CCD.
[58:09] » Okay.
[58:13] Did you answer that? Am I interrupting?
>> Well, I'm gonna I'm gonna ask for
[58:18] capital request. You guys can fill that
out.
[58:22] » I think that's
[58:28] pretty much what this
word.
[58:31] » Yeah.
[58:35] » Thank you.
>> Yeah, no problem.
[58:39] No problem. Thank you.
>> Thank you so much. Very interesting.
[58:43] » Good job.
[58:54] » Um,
let know in the meeting. I reviewed what
[58:58] was sent and I will also watch the
meeting.
[59:06] I'm gonna pull up the DJs estimated tax.
>> Yeah, because I I just looked at the the
[59:15] credit detail.
[59:31] » Green tea. green tea.
>> Yeah,
[59:33] » I do too.
>> Because I used to do the coffee
[59:40] like
>> quit drinking.
[59:44] » Yeah, I don't do fruit coffee just like
[59:53] » Yeah, no problem.
[59:58] Yeah,
>> I have a couple questions for you and
[1:00:01] I'll email you for redevelopment
purpose.