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Agenda 07/10/2018 Item #11A07/10/2018 EXECUTIVE SUMMARY Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2018/19 and Reaffirm the Advertised Public Hearing dates in September 2018 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 2018/19 and reaffirms the Advertised Public Hearing dates for the adoption of the FY 2018/19 Amended Tentative Budgets (September 6, 2018) and the FY 2018/19 Final Millage Rates and Final Adopted Collier County Budget (September 20, 2018). CONSIDERATIONS: The published TRIM (Truth in Millage) timetable provides that tax rates hereby adopted must be provided to the Collier County Property Appraiser by August 4, 2018, (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, 2018, (within 55 days after certification of values) under the Florida Truth in Millage (TRIM) law. During the September 2018, 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 2019 Proposed Maximum Property Tax Rates,” and “Property Tax Dollars based upon July 1, 2018 Taxable Values”. A chart of taxable values is also included by taxing district and reflects data certified by the Property Appraiser on June 29, 2018. 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 $3.4622 per $1,000 of taxable value. The General Fund rate as proposed represents a 2.95% 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 $.7860 per $1,000 of taxable value. This rate is predicated on continuing the median capital landscape program pursuant to budget guidance and represents a 2.66% increase over the rolled back rate. Public hearings on the FY 2018/19 Collier County budget will be held on Thursday, September 6, 2018 and Thursday, September 20, 2018 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 29th, 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 13, 2018. 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 2019 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 tentative budget upon its submission. 11.A Packet Pg. 217 07/10/2018 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 $314,773,600 in ad valorem tax revenue for FY 2019. The proposed Unincorporated Area General Fund (111) millage rate of .8069 is budgeted to generate $44,208,900 in ad valorem tax revenue for FY 2019. The marginal millage rate devoted to median landscape capital and maintenance programming above the operating millage or $.0908 will generate $4,974,800. The proposed total tax levy, inclusive of all special taxing districts, is budgeted to generate $369,366,300 in ad valorem tax revenue for FY 2019. RECOMMENDATIONS: That the Board of County Commissioners: Adopt by resolution: 1. The proposed property tax rates for FY 2019 as detailed in the attachments to the resolution; and 2. Reaffirm the Advertised Public Hearing dates for the adoption of the FY 2019 Amended Tentative Budgets (September 6, 2018) and the FY 2019 Final Millage Rates and Final Collier County Adopted Budget (September 20, 2018). PREPARED BY: Mark Isackson, Director, Office of Management and Budget ATTACHMENT(S) 1. Resolution to Adopt Final Millage Rates and Budgets 2019 (PDF) 2. FY 19 Maximum Millage Rates July Taxable Values (PDF) 3. FY 19 Property Tax Dollars July 1 Taxable Values (PDF) 4. FY 19 Taxable Values July 1 (PDF) 11.A Packet Pg. 218 07/10/2018 COLLIER COUNTY Board of County Commissioners Item Number: 11.A Doc ID: 6122 Item Summary: Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum Property Tax Rates to be levied in FY 2018/19 and Reaffirm the Advertised Public Hearing dates in September 2018, for the Budget approval process. (Mark Isackson, Corporate Financial and Management Services Division Director) Meeting Date: 07/10/2018 Prepared by: Title: Operations Coordinator – Office of Management and Budget Name: Valerie Fleming 07/02/2018 4:33 PM Submitted by: Title: Operations Coordinator – Office of Management and Budget Name: Valerie Fleming 07/02/2018 4:33 PM Approved By: Review: Office of Management and Budget Valerie Fleming Level 3 OMB Gatekeeper Review Completed 07/02/2018 4:33 PM Budget and Management Office Mark Isackson Additional Reviewer Completed 07/02/2018 4:48 PM County Attorney's Office Jeffrey A. Klatzkow Level 3 County Attorney's Office Review Completed 07/03/2018 7:53 AM County Manager's Office Leo E. Ochs Level 4 County Manager Review Completed 07/03/2018 8:48 AM Board of County Commissioners MaryJo Brock Meeting Pending 07/10/2018 9:00 AM 11.A Packet Pg. 219 11.A.1 Packet Pg. 220 Attachment: Resolution to Adopt Final Millage Rates and Budgets 2019 (6122 : Recommendation to adopt a resolution establishing Exhibit A Collier County Government Fiscal Year 2019 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 3.4622 3.5645 2.95% Water Pollution Control 114 0.0293 0.0284 0.0293 3.17% 3.5938 3.4906 3.5938 2.96% Unincorporated Area General Fund 111 0.8069 0.7860 0.8069 2.66% Golden Gate Community Center 130 0.1862 0.1787 0.1862 4.20% Victoria Park Drainage 134 0.0346 0.0323 0.0323 0.00% Naples Park Drainage 139 0.0061 0.0057 0.0057 0.00% Vanderbilt Beach MSTU 143 0.5000 0.4781 0.5000 4.58% Ochopee Fire Control 146 4.5000 4.7442 4.0000 -15.69% Goodland/Horr's Island Fire MSTU 149 1.2760 1.2541 1.2760 1.75% Sabal Palm Road MSTU 151 0.0000 0.0000 0.0000 #DIV/0! Golden Gate Parkway Beautification 153 0.5000 0.4644 0.5000 7.67% Lely Golf Estates Beautification 152 2.0000 1.8885 2.0000 5.90% Hawksridge Stormwater Pumping MSTU 154 0.0409 0.0398 0.0398 0.00% Radio Road Beautification 158 0.1000 0.0959 0.1000 4.28% Forest Lakes Roadway & Drainage MSTU 159 1.3431 1.2652 1.3793 9.02% Immokalee Beautification MSTU 162 1.0000 0.9726 1.0000 2.82% Bayshore Avalon Beautification 163 2.3604 2.2832 2.3604 3.38% Haldeman Creek Dredging 164 0.7348 0.6859 1.0000 45.79% Rock Road 165 3.0000 2.7546 3.0000 8.91% Forest Lakes Debt Service 259 2.6569 2.5027 2.6207 4.71% Collier County Lighting 760 0.1640 0.1549 0.1549 0.00% Pelican Bay MSTBU 778 0.0857 0.0828 0.0857 3.50% Aggregate Millage Rate 4.1790 4.0636 4.1767 2.78% Collier County, Florida FY 2019 Proposed Maximum Property Tax Rates July 1, 2018 Certified Taxable Values 11.A.2 Packet Pg. 221 Attachment: FY 19 Maximum Millage Rates July Taxable Values (6122 : Recommendation to adopt a resolution establishing Proposed Millage Exhibit A Collier County Government Fiscal Year 2019 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 001 293,414,000 305,739,719 314,773,621 2.95% Water Pollution Control 114 2,449,410 2,507,945 2,587,422 3.17% 295,863,410 308,247,664 317,361,043 2.96% Unincorporated Area General Fund 111 41,340,412 43,063,780 44,208,860 2.66% Golden Gate Community Center 130 370,793 374,597 390,318 4.20% Victoria Park Drainage 134 1,308 1,309 1,309 0.00% Naples Park Drainage 139 8,132 8,221 8,221 0.00% Vanderbilt Beach MSTU 143 1,280,091 1,286,288 1,345,208 4.58% Ochopee Fire Control 146 1,433,133 1,426,276 1,202,543 -15.69% Goodland/Horr's Island Fire MSTU 149 104,031 106,419 108,278 1.75% Sabal Palm Road MSTU 151 0 0 0 #DIV/0! Lely Golf Estates Beautification 152 255,604 255,982 271,095 5.90% Golden Gate Parkway Beautification 153 374,670 377,439 406,373 7.67% Hawksridge Stormwater Pumping MSTU 154 2,803 2,804 2,804 0.00% Radio Road Beautification 158 124,265 125,455 130,819 4.28% Forest Lakes Roadway & Drainage MSTU 159 255,764 255,816 278,886 9.02% Immokalee Beautification MSTU 162 365,543 373,462 383,983 2.82% Bayshore Avalon Beautification 163 1,050,170 1,075,509 1,111,874 3.38% Haldeman Creek Dredging 164 78,938 85,075 124,033 45.79% Rock Road 165 38,845 40,436 44,038 8.91% Forest Lakes Debt Service 259 505,949 506,031 529,890 4.71% Collier County Lighting 760 866,040 871,787 871,787 0.00% Pelican Bay MSTBU 778 564,416 565,177 584,971 3.50% Total Taxes Levied 344,884,317 359,049,527 369,366,333 Aggregate Taxes 344,378,368 358,543,496 368,836,443 Collier County, Florida Property Tax Dollars Based upon July 1, 2018 Taxable Values FY 2019 Proposed 11.A.3 Packet Pg. 222 Attachment: FY 19 Property Tax Dollars July 1 Taxable Values (6122 : Recommendation to adopt a resolution establishing Proposed Millage Collier County Government Fiscal Year 2019 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 83,597,615,791 86,230,077,108 88,307,931,189 5.63% Water Pollution Control 114 83,597,615,791 86,230,077,108 88,307,931,189 5.63% Dependent Districts and MSTU's Unincorporated Area General Fund 111 51,754,136,138 53,180,887,907 54,788,524,423 5.86% Golden Gate Community Center 130 1,991,368,931 2,075,216,083 2,096,231,706 5.27% Victoria Park Drainage 134 37,806,252 40,535,311 40,537,005 7.22% Naples Park Drainage 139 1,333,165,967 1,424,482,303 1,442,260,322 8.18% Vanderbilt Beach MSTU 143 2,560,181,524 2,677,386,336 2,690,415,673 5.09% Ochopee Fire Control 146 318,474,016 302,084,235 300,635,627 -5.60% Goodland/Horr's Island Fire MSTU 149 81,528,924 82,954,817 84,857,058 4.08% Sabal Palm Road MSTU 151 24,840,831 18,618,008 21,959,396 -11.60% Lely Golf Estates Beautification 152 127,802,080 135,350,548 135,547,690 6.06% Golden Gate Parkway Beautification 153 749,340,700 806,852,996 812,746,096 8.46% Hawksridge Stormwater Pumping MSTU 154 68,539,572 70,449,192 70,447,333 2.78% Radio Road Beautification 158 1,242,647,732 1,295,920,796 1,308,187,315 5.27% Forest Lakes Roadway & Drainage MSTU 159 190,428,196 202,158,785 202,194,186 6.18% Immokalee Beautification MSTU 162 365,543,031 375,826,059 383,982,927 5.04% Bayshore Avalon Beautification 163 444,911,987 459,956,825 471,053,351 5.88% Haldeman Creek Dredging 164 107,427,329 115,093,516 124,033,485 15.46% Rock Road 165 12,948,190 14,101,589 14,679,431 13.37% Forest Lakes Debt Service 259 190,428,196 202,158,785 202,194,186 6.18% Collier County Lighting 760 5,280,728,700 5,590,762,234 5,628,065,914 6.58% Pelican Bay MSTBU 778 6,585,951,555 6,812,985,310 6,825,803,272 3.64% Collier County, Florida Taxable Property Values (July 1, 2018) For FY 2019 11.A.4 Packet Pg. 223 Attachment: FY 19 Taxable Values July 1 (6122 : Recommendation to adopt a resolution establishing Proposed Millage Rates as the Maximum