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Resolution 2026-37 RESOLUTION NO. 2026 -37 A RESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, ESTABLISHING A FRAMEWORK TO CONSTRAIN COUNTY SPENDING AT CURRENT FISCAL YEAR BASELINE LEVELS FOR FISCAL YEAR 2027, APPLYING TO COUNTY FUNDING ALLOCATIONS INCLUDING THOSE FOR CONSTITUTIONAL OFFICERS; AUTHORIZING LIMITED ANNUAL INCREASES FOR OPERATING AND CAPITAL COSTS; AND DIRECTING THE PREPARATION OF A LONG-TERM CAPITAL AND ASSET MANAGEMENT ANALYSIS TO BE PRESENTED WITHIN SIX MONTHS. WHEREAS, the Board of County Commissioners is charged with ensuring the fiscal integrity and long-term financial sustainability of Collier County; and WHEREAS, legislative changes under consideration by the Florida Legislature related to ad valorem taxation may significantly impact County revenues in the near future; and WHEREAS, it is prudent and necessary for the County to take proactive measures to manage expenditures and plan for upcoming potential revenue constraints; and WHEREAS, maintaining current spending levels while allowing limited, controlled increases for essential operational and capital needs will promote fiscal discipline without compromising critical services; and WHEREAS, a comprehensive actuarial analysis of County assets will provide valuable insight into the County's financial position, long-term obligations, and asset management needs. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF COLLIER COUNTY, FLORIDA, that: Section 1. Purpose and Intent. This Resolution is intended to strengthen fiscal oversight and position Collier County to respond effectively to potential changes in state law affecting ad valorem taxation and County revenues. Section 2. Spending Limitations. Total spending for County departments, including all Constitutional Officers, shall be constrained at the current fiscal year's adopted baseline budget levels, subject to certain exclusions as authorized by the Board of County Commissioners. Section 3. Authorized Increases. Notwithstanding the spending limitations established herein: (a) Operational costs may increase by up to three percent (3%) annually; and (b) Capital costs may increase by up to five percent (5%) annually. Any operational or capital cost increase authorized pursuant to this section shall require approval by a majority vote of the Board of County Commissioners as part of the annual budget adoption. Section 4. Long-term Capital and Asset Management Analysis. The County Manager, or designee, is hereby directed to procure and prepare a comprehensive analysis of all County assets, including but not limited to infrastructure, facilities, and long-term financial obligations. The analysis shall be updated and presented to the Board of County Commissioners within six (6) months and annually thereafter. This Resolution adopted after motion, second and majority vote favoring same this 27 day of �A,... -y , 2026. e°' 0,060v Or i ' TTEST:'7, "' k BOARD OF COUNTY COMMISSIONERS Al= "'KIIZEL, CLERK COLLIER COUNTY, FLORIDA, p ,gy}'a < A ", st ,i ra fit y: 'I► Ahigiug tctinkirmans Dan Kowal, Cha' an 470i• `d signature only Approve;i,to form and legality: ' " At& Sally trA a* A s .: •'N.unty Attorney