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Agenda 07/09/2019 Item #11A (Resolution - Proposed Milleage Rates)07/09/2019 EXECUTIVE SUMMARY Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2019/20 and Reaffirm the Advertised Public Hearing dates in September 2019 for the Budget approval process. OBJECTIVE: To adopt a resolution which establishes proposed millage rates as the maximum property tax rates to be levied in FY 2019/20 and reaffirms the Advertised Public Hearing dates for the adoption of the FY 2019/20 Amended Tentative Budgets (September 5, 2019) and the FY 2019/20 Final Millage Rates and Final Adopted Collier County Budget (September 19, 2019). CONSIDERATIONS: The published TRIM (Truth in Millage) timetable provides that tax rates hereby adopted must be provided to the Collier County Property Appraiser on or about August 2, 2019, (within 35 days of certification of value) for use in preparing the statutorily required Notice of Proposed Taxes (TRIM Notice). Each Collier County property owner will receive this notice, which must be mailed by August 24, 2019, (within 55 days after certification of values) under the Florida Truth in Millage (TRIM) law. During the September 2019, advertised public hearings the Board may maintain or lower millage rates in each taxing district unit at or below the level of the proposed millage rates. The millage rates may not be raised subsequent to the adoption of this resolution, without meeting extraordinary public notice and advertising requirements. The proposed millage rates and associated tax dollars are included as exhibits entitled “FY 2020 Proposed Maximum Property Tax Rates,” and “Property Tax Dollars based upon July 1, 2019 Taxable Values”. A chart of taxable values is also included by taxing district and reflects data certified by the Property Appraiser on June 27, 2019. • The General Fund (001) maximum proposed millage rate is 3.5645 per $1,000 of taxable value (or $356.45 per $100,000 of taxable value) and exceeds the DR-420 rolled back rate of $3.4700 per $1,000 of taxable value. The General Fund rate as proposed represents a 2.72% increase over the rolled back rate. • The Unincorporated Area General Fund (111) maximum proposed millage rate is .8069 per $1,000 of taxable value (or $80.69 per $100,000 of taxable value) and exceeds the DR-420 rolled back rate of $.7847 per $1,000 of taxable value. This rate represents a 2.83% increase over the rolled back rate. Public hearings on the FY 2019/20 Collier County budget will be held on Thursday, September 5, 2019 and Thursday, September 19, 2019 at 5:05 in the third-floor board room in the W. Harmon Turner building at the County Government Center Complex. With receipt of certified taxable value numbers from the Property Appraiser on June 27th, budgets for all funds which receive ad valorem property tax revenue are customarily adjusted and these changes are reflected in the tentative budget which will be submitted to the Board on or about Monday July 15, 2019. Transmittal of the tentative budget to the County Commission satisfies part of the State’s Truth in Millage (TRIM) timeline for adoption of the County’s FY 2020 Budget. A summary listing of budget changes from the June workshop document together with a narrative description of the fund change will be included as an attachment within the ten tative budget upon its submission. 11.A Packet Pg. 64 07/09/2019 GROWTH MANAGEMENT IMPACT: There is no Growth Management Impact associated with this Executive Summary. LEGAL CONSIDERATIONS: This item is legally sufficient for Board action and requires a majority vote. - JAK FISCAL IMPACT: The proposed General Fund (001) millage rate of 3.5645 is budgeted to generate $331,755,800 in ad valorem tax revenue for FY 2020. County-wide taxable value from June preliminary to July certified dropped slightly resulting in a levy loss of $815,600. The proposed Unincorporated Area General Fund (111) millage rate of .8069 is budgeted to generate $46,872,100 in ad valorem tax revenue for FY 2019. The marginal millage rate devoted to median landscape programming above the operating millage or $.0908 will generate $5,274,500. The total levy for the Unincorporated Area General Fund dropped $177,300 due to a reduction in taxable value from June preliminary to July certified. The proposed total tax levy, inclusive of all special taxing districts, is budgeted to generate $389,744,300 in ad valorem tax revenue for FY 2020. RECOMMENDATIONS: That the Board of County Commissioners: Adopt by resolution: 1. The proposed property tax rates for FY 2020 as detailed in the attachments to the resolution; and 2. Reaffirm the Advertised Public Hearing dates for the adoption of the FY 2020 Amended Tentative Budgets (September 5, 2019) and the FY 2020 Final Millage Rates and Final Collier County Adopted Budget (September 19, 2019). PREPARED BY: Mark Isackson, Director of Corporate Financial Planning and Management Services, Office of Management and Budget ATTACHMENT(S) 1. Resolution to Adopt Final Millage Rates and Budgets FY20 (PDF) 2. FY 20 Maximum Millage Rates July Taxable Value (PDF) 3. FY 20 Property Tax Dollars July 1 Taxable Values (PDF) 4. FY 20 Taxable Values July 1, 2019 (PDF) 11.A Packet Pg. 65 07/09/2019 COLLIER COUNTY Board of County Commissioners Item Number: 11.A Doc ID: 9483 Item Summary: Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2019/20 and Reaffirm the Advertised Public Hearing dates in September 2019 for the Budget approval process. (Mark Isackson, Corporate Financial and Management Services Division Director) Meeting Date: 07/09/2019 Prepared by: Title: Operations Coordinator – Office of Management and Budget Name: Valerie Fleming 07/01/2019 3:54 PM Submitted by: Title: Division Director - Corp Fin & Mgmt Svc – Budget and Management Office Name: Mark Isackson 07/01/2019 3:54 PM Approved By: Review: Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 07/01/2019 3:54 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 07/01/2019 4:02 PM Budget and Management Office Mark Isackson Additional Reviewer Completed 07/01/2019 4:06 PM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 07/02/2019 8:47 AM Board of County Commissioners MaryJo Brock Meeting Pending 07/09/2019 9:00 AM 11.A Packet Pg. 66 11.A.1 Packet Pg. 67 Attachment: Resolution to Adopt Final Millage Rates and Budgets FY20 (9483 : Recommendation to adopt a resolution establishing Exhibit A Collier County Government Fiscal Year 2020 Tentative Budget Prior Year Rolled Back Proposed Millage Millage Millage % Change Frm. Fund Title Fund No.Rate Rate Rate Rolled Back General Fund 001 3.5645 3.4700 3.5645 2.72% Water Pollution Control 114 0.0293 0.0284 0.0293 3.17% 3.5938 3.4984 3.5938 2.73% Unincorporated Area General Fund 111 0.8069 0.7847 0.8069 2.83% Golden Gate Community Center 130 0.1862 0.1748 0.1862 6.52% Victoria Park Drainage 134 0.0323 0.0312 0.0312 0.00% Naples Park Drainage 139 0.0057 0.0054 0.0054 0.00% Vanderbilt Beach MSTU 143 0.5000 0.4816 0.5000 3.82% Ochopee Fire Control 146 4.0000 3.9013 4.0000 2.53% Goodland/Horr's Island Fire MSTU 149 1.2760 1.2488 1.2760 2.18% Sabal Palm Road MSTU 151 0.0000 0.0000 0.0000 #DIV/0! Golden Gate Parkway Beautification 153 0.5000 0.4609 0.5000 8.48% Lely Golf Estates Beautification 152 2.0000 1.9002 2.0000 5.25% Hawksridge Stormwater Pumping MSTU 154 0.0398 0.0374 0.0374 0.00% Radio Road Beautification 158 0.1000 0.0964 0.0000 -100.00% Forest Lakes Roadway & Drainage MSTU 159 1.3793 1.3254 1.4052 6.02% Immokalee Beautification MSTU 162 1.0000 0.9945 1.0000 0.55% Bayshore Avalon Beautification 163 2.3604 2.2438 2.3604 5.20% Haldeman Creek Dredging 164 1.0000 0.9728 1.0000 2.80% Rock Road 165 3.0000 2.6707 3.0000 12.33% Forest Lakes Debt Service 259 2.6207 2.5183 2.5948 3.04% Vanderbilt Waterways MSTU 168 0.0000 0.0000 0.3000 #DIV/0! Collier County Lighting 760 0.1549 0.1472 0.1472 0.00% Pelican Bay MSTBU 778 0.0857 0.0827 0.0857 3.63% Aggregate Millage Rate 4.1767 4.0707 4.1817 2.73% Collier County, Florida FY 2020 Proposed Maximum Property Tax Rates July 1, 2019 Certified Taxable Values 11.A.2 Packet Pg. 68 Attachment: FY 20 Maximum Millage Rates July Taxable Value (9483 : Recommendation to adopt a resolution establishing Proposed Millage Exhibit A Collier County Government Fiscal Year 2020 Tentative Budget Prior Year Current Year Proposed Fund Adjusted Tax Rolled Back Tax % Change Fund Title No.Dollars Tax Dollars Dollars Frm. Rolled Back General Fund 001 309,371,004 322,960,501 331,755,823 2.72% Water Pollution Control 114 2,586,446 2,643,250 2,727,015 3.17% 311,957,450 325,603,751 334,482,838 2.73% Unincorporated Area General Fund 111 43,723,958 45,582,515 46,872,093 2.83% Golden Gate Community Center 130 391,186 397,161 423,062 6.52% Victoria Park Drainage 134 1,304 1,304 1,304 0.00% Naples Park Drainage 139 8,208 8,327 8,327 0.00% Vanderbilt Beach MSTU 143 1,336,931 1,352,104 1,403,762 3.82% Ochopee Fire Control 146 1,189,212 1,218,483 1,249,310 2.53% Goodland/Horr's Island Fire MSTU 149 106,957 108,290 110,648 2.18% Sabal Palm Road MSTU 151 0 0 0 #DIV/0! Lely Golf Estates Beautification 152 270,274 272,006 286,292 5.25% Golden Gate Parkway Beautification 153 406,568 408,504 443,159 8.48% Hawksridge Stormwater Pumping MSTU 154 2,795 2,792 2,792 0.00% Radio Road Beautification 158 130,434 130,952 0 -100.00% Forest Lakes Roadway & Drainage MSTU 159 278,801 278,995 295,793 6.02% Immokalee Beautification MSTU 162 382,771 392,923 395,096 0.55% Bayshore Avalon Beautification 163 1,110,369 1,129,251 1,187,933 5.20% Haldeman Creek Dredging 164 123,951 124,524 128,006 2.80% Rock Road 165 45,509 45,764 51,407 12.33% Forest Lakes Debt Service 259 529,728 530,100 546,203 3.04% Vanderbilt Waterway's MSTU 168 0 0 370,584 #DIV/0! Collier County Lighting 760 869,191 877,309 877,309 0.00% Pelican Bay MSTBU 778 585,339 587,115 608,413 3.63% Total Taxes Levied 363,450,936 379,052,170 389,744,331 Aggregate Taxes 362,921,208 378,522,070 389,198,128 Collier County, Florida Property Tax Dollars Based upon July 1, 2019 Taxable Values FY 2020 Proposed 11.A.3 Packet Pg. 69 Attachment: FY 20 Property Tax Dollars July 1 Taxable Values (9483 : Recommendation to adopt a resolution establishing Proposed Millage Collier County Government Fiscal Year 2020 Tentative Budget Prior Year Current Year Current Year Fund Gross Adjusted Gross % Fund Title No.Taxable Value Taxable Value Taxable Value Change County Wide Taxable Values General Fund 001 88,274,604,097 91,134,746,617 93,072,190,452 5.43% Water Pollution Control 114 88,274,604,097 91,134,746,617 93,072,190,452 5.43% Dependent Districts and MSTU's Unincorporated Area General Fund 111 54,773,401,334 56,662,226,583 58,089,098,206 6.05% Golden Gate Community Center 130 2,100,893,920 2,237,590,459 2,272,086,238 8.15% Victoria Park Drainage 134 40,383,965 41,755,449 41,785,164 3.47% Naples Park Drainage 139 1,440,008,746 1,527,493,159 1,542,093,158 7.09% Vanderbilt Beach MSTU 143 2,673,862,805 2,776,242,020 2,807,524,529 5.00% Ochopee Fire Control 146 297,303,080 304,828,217 312,327,448 5.05% Goodland/Horr's Island Fire MSTU 149 83,822,193 85,647,606 86,714,881 3.45% Sabal Palm Road MSTU 151 22,109,697 29,191,388 41,424,803 87.36% Lely Golf Estates Beautification 152 135,136,761 142,235,859 143,146,025 5.93% Golden Gate Parkway Beautification 153 813,136,298 882,195,455 886,318,740 9.00% Hawksridge Stormwater Pumping MSTU 154 70,219,566 74,643,619 74,655,846 6.32% Radio Road Beautification 158 1,304,336,542 1,352,362,090 1,358,426,325 4.15% Forest Lakes Roadway & Drainage MSTU 159 202,132,375 210,353,599 210,499,015 4.14% Immokalee Beautification MSTU 162 382,770,570 384,903,162 395,095,727 3.22% Bayshore Avalon Beautification 163 470,415,501 494,868,523 503,275,975 6.99% Haldeman Creek Dredging 164 123,951,161 127,421,031 128,005,775 3.27% Rock Road 165 15,169,542 17,040,188 17,135,622 12.96% Forest Lakes Debt Service 259 202,132,375 210,353,599 210,499,015 4.14% Vanderbilt Waterways MSTU 168 0 1,216,809,431 1,235,279,911 #DIV/0! Collier County Lighting 760 5,611,303,205 5,903,646,479 5,959,976,239 6.21% Pelican Bay MSTBU 778 6,830,093,919 7,078,708,421 7,099,333,467 3.94% Collier County, Florida Taxable Property Values (July 1, 2019) For FY 2020 11.A.4 Packet Pg. 70 Attachment: FY 20 Taxable Values July 1, 2019 (9483 : Recommendation to adopt a resolution establishing Proposed Millage Rates as the