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Agenda 07/13/2021 Item #11B (FY2022 Proposed Millage Rates)07/13/2021 EXECUTIVE SUMMARY Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2022 and Reaffirm the Advertised Public Hearing dates in September 2021 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 2021/22 and reaffirms the Advertised Public Hearing dates for the adoption of the FY 2021/22 Amended Tentative Budgets (September 9, 2021) and the FY 2021/22 Final Millage Rates and Final Adopted Collier County Budget (September 23, 2021). 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 4, 2021, (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, 2021, (within 55 days after certification of values) under the Florida Truth in Millage (TRIM) law. During the September 2021, 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 2022 Proposed Maximum Property Tax Rates,” and “Property Tax Dollars based upon July 1, 2021, Taxable Values”. A chart of taxable values is also included by taxing district and reflects data certified by the Property Appraiser on June 24, 2021. • 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 $3.4577 per $1,000 of taxable value. The General Fund rate as proposed represents a 3.09% increase over the rolled back rate. • The proposed County-wide Conservation Collier millage rate is 0.2500 per $1,000 of taxable value (or $25.00 per $100,000 of taxable value). Because this is the first year of the reinstated Conservation Collier levy a Conservation Collier specific rolled back cannot be calculated. However, the Conservation Collier levy does factor into the aggregate rolled back millage rate. • The Unincorporated Area General Fund (111) maximum proposed millage rate is 0.8069 per $1,000 of taxable value (or $80.69 per $100,000 of taxable value) and exceeds the rolled back rate of $0.7864 per $1,000 of taxable value. This rate represents a 2.61% increase over the rolled back rate. Public hearings on the FY 2021/22 Collier County budget will be held on Thursday, September 9, 2021 and Thursday, September 23, 2021 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 24th, 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 Friday July 16, 2021. Transmittal of the tentative budget to the County Commission satisfies part of the State’s Truth in Millage 11.B Packet Pg. 167 07/13/2021 (TRIM) timeline for adoption of the County’s FY 2022 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 FY 2021/22 tentative budget upon its submission. 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 $373,400,000 in ad valorem tax revenue for FY 2021/22. County-wide taxable value from June preliminary to July certified increased by $480,611,633, or 0.46%, resulting in a levy increase of $1,713,100. The proposed Conservation Collier millage rate of 0.2500 is budgeted to generate $26,188,800. The proposed Unincorporated Area General Fund (111) millage rate of .8069 is budgeted to generate $53,178,500 in ad valorem tax revenue for FY 2021/22. Unincorporated Area taxable value from June preliminary to July certified increased by $274,470,009 or 0.42%, resulting in tax levy increase of $221,469. The marginal millage rate devoted to median landscape programming above the operating millage or .0908 will generate $5,984,200. The proposed total tax levy, inclusive of all special taxing dist ricts, is budgeted to generate $465,187,061 in ad valorem tax revenue for FY 2022. RECOMMENDATIONS: That the Board of County Commissioners: Adopt by resolution: 1. The proposed maximum property tax rates for FY 2021/22 as detailed in the attachments to the resolution; and 2. Reaffirm the Advertised Public Hearing dates for the adoption of the FY 2021/22 Amended Tentative Budgets (September 9, 2021) and the FY 2021/22 Final Millage Rates and Final Collier County Adopted Budget (September 23, 2021). PREPARED BY: Edward Finn, Director - Corporate Financial Planning and Management Services Office of Management and Budget ATTACHMENT(S) 1. Resolution to Adopt Maximum Millage Rates and Establish FY22 Public Budget Hearing (PDF) 2. FY 22 Max Millage Approval stamped - July 1 Max Millage Tax Rates (PDF) 3. FY 22 Max Millage Approval stamped - July 1 Tax Dollars (PDF) 4. FY 22 Max Millage Approval stamped - July 1 Taxable Values (PDF) 11.B Packet Pg. 168 07/13/2021 COLLIER COUNTY Board of County Commissioners Item Number: 11.B Doc ID: 17409 Item Summary: Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2022 and Reaffirm the Advertised Public Hearing dates in September 2021 for the Budget approval process. (Edward Finn, Director - Corporate Financial Planning and Management Services) Meeting Date: 07/13/2021 Prepared by: Title: – Office of Management and Budget Name: Debra Windsor 07/02/2021 9:31 AM Submitted by: Title: Management/Budget Analyst, Senior – Budget and Management Office Name: Ed Finn 07/02/2021 9:31 AM Approved By: Review: Office of Management and Budget Debra Windsor Level 3 OMB Gatekeeper Review Completed 07/02/2021 9:31 AM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 07/02/2021 11:20 AM Office of Management and Budget Susan Usher Additional Reviewer Completed 07/06/2021 8:58 AM Office of Management and Budget Laura Zautcke Additional Reviewer Completed 07/06/2021 9:43 AM Office of Management and Budget Laura Wells Additional Reviewer Completed 07/06/2021 9:53 AM Budget and Management Office Ed Finn Additional Reviewer Completed 07/06/2021 1:24 PM County Manager's Office Mark Isackson Level 4 County Manager Review Completed 07/07/2021 8:50 AM Board of County Commissioners Geoffrey Willig Meeting Pending 07/13/2021 9:00 AM 11.B Packet Pg. 169 11.B.1Packet Pg. 170Attachment: Resolution to Adopt Maximum Millage Rates and Establish FY22 Public Budget Hearing (17409 : Recommendation to adopt a 11.B.2 Packet Pg. 171 Attachment: FY 22 Max Millage Approval stamped - July 1 Max Millage Tax Rates (17409 : Recommendation to adopt a resolution establishing 11.B.3 Packet Pg. 172 Attachment: FY 22 Max Millage Approval stamped - July 1 Tax Dollars (17409 : Recommendation to adopt a resolution establishing Proposed 11.B.4 Packet Pg. 173 Attachment: FY 22 Max Millage Approval stamped - July 1 Taxable Values (17409 : Recommendation to adopt a resolution establishing