FY2025 |
||||
Adopted |
FY2026 |
FY2027 |
FY2028 |
FY2029 |
Forecasted Revenues |
||||||
Property Tax |
$ 35,728,397 |
$ 47,414,682 $ 49,450,032 |
$ 56,222,683 |
$ 63,330,716 |
$ 76,440,400 |
|
Other Taxes |
$ 10,029,941 |
$ 10,236,797 $ 10,390,349 |
$ 10,546,204 |
$ 10,704,397 |
$ 10,864,963 |
|
Fees |
$ 4,361,334 |
$ 4,727,145 |
$ 4,798,052 |
$ 4,870,023 |
$ 4,943,073 |
$ 5,017,219 |
Other |
$ 5,786,603 |
$ 5,869,319 |
$ 5,957,359 |
$ 6,046,719 |
$ 6,137,420 |
$ 6,229,481 |
Debt Service Fund |
$ 4,965,926 |
$ 6,305,067 |
$ 9,281,130 |
$ 9,045,169 |
$ 10,694,847 |
$ 10,399,946 |
Total Revenue |
$ 60,872,201 |
$ 74,553,010 $ 79,876,921 |
$ 86,730,798 |
$ 95,810,453 |
$ 108,952,010 |
|
Forecasted Expenditures Salaries & Benefits |
$ 26,705,815 |
$ 31,509,483 $ 33,400,052 |
$ 39,615,177 |
$ 45,810,294 |
$ 51,331,139 |
|
Operating |
$ 21,757,210 |
$ 23,708,465 $ 24,419,719 |
$ 25,152,311 |
$ 25,906,880 |
$ 26,684,086 |
|
Debt Payment |
$ 5,939,342 |
$ 6,305,067 |
$ 9,281,130 |
$ 9,045,169 |
$ 10,694,847 |
$ 10,399,946 |
Debt Service Contribution |
$ 3,155,924 |
$ 7,754,000 |
$ 8,273,000 |
$ 8,687,000 |
$ 9,121,000 |
$ 10,489,000 |
Capital |
$ 3,313,910 |
$ 5,275,995 |
$ 4,627,615 |
$ 4,684,320 |
$ 4,743,293 |
$ 4,804,624 |
Cost of Living Adjustment |
- |
- |
$ 1,002,002 |
$ 1,188,455 |
$ 1,374,309 |
$ 1,539,934 |
Employee Reserve |
- |
- |
$ 500,000 |
$ 1,500,000 |
$ 500,000 |
$ 500,000 |
Total Expenditure |
$ 60,872,201 |
$ 74,553,010 $ 81,503,517 |
$ 89,872,431 |
$ 98,150,623 |
$ 105,748,730 |
|
Gap / Surplus |
$( 0 ) |
$ 0 $( 1,626,596 ) |
$( 3,141,633 ) |
$( 2,340,169 ) |
$ 3,203,280 |
|
Departmental Multi-Year Approved Requests | ||||||
Total Requests |
- |
- |
$ 2,470,755 |
$ 913,627 |
$ 741,000 |
$ 362,000 |
Total FTEs |
9 |
14 |
10 |
6 |
6 |
2 |
Growth |
9 % |
54 % |
5 % |
5 % |
5 % |
15 % |
Assessed Property Value |
$ 5,887,172,723 $ 9,148,264,986 $ 9,605,678,235 $ 10,085,962,147 $ 10,590,260,254 $ 12,178,799,293 |
|||||
$ 0.01 Property Tax Increase |
$ 573,094 |
$ 914,826 |
$ 951,420 |
$ 989,476 |
$ 1,029,055 |
$ 1,070,218 |
Tax Rate |
$ 0.5521 |
$ 0.5200 |
$ 0.5200 |
$ 0.5631 |
$ 0.6040 |
$ 0.6340 |
Tax Rate Increase |
$ 0.0749 |
$ 0.0850 |
||||
Change in Tax Rate Needed |
- |
- |
$ 0.0431 |
$ 0.0410 |
$ 0.0299 |
$( 0.0265 ) |
Adjusted Tax Rate |
$ 0.6270 |
$ 0.5200 |
$ 0.5631 |
$ 0.6040 |
$ 0.6340 |
$ 0.6074 |