Broward County • 2018 Budget Workshop • June 6, 2017
FY18 Tax Supported
Funds Update
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Broward County • 2018 Budget Workshop • June 6, 2017
History of Tax Roll
($ in billions)
2
$176.4$167.5
$148.8
$130.0 $126.4 $127.1$132.1
$141.0$150.7
$163.0
$177.3
$0
$45
$90
$135
$180
$225
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18*
* Preliminary June 1 Estimate
Broward County • 2018 Budget Workshop • June 6, 2017
Tax Roll Data
(81% of GF revenues)
FY17 Tax Roll
used for Adopted
Budget (in
Billions)
FY17 Revised Tax
Roll* (in Billions)
FY18 Preliminary
Tax Roll (in Billions)
% Change from
FY17 Adopted
% Change from
FY17 Revised*
March Staff Estimate $163.0 $161.4 $172.7 6.0% 7.0%
June PAO Estimate 163.0 162.2 177.3 8.8% 9.3%
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*After adjustments by Value Adjustment Board (VAB)
Broward County • 2018 Budget Workshop • June 6, 2017
Taxable assessments,
by Type of Property, FY14 to FY18
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% Tax
Roll in
FY14
% Tax
Roll in
FY15
% Tax Roll
in FY16
% Tax
Roll in
FY17
% Tax
Roll in FY18
Homestead 35.0% 34.2% 33.3% 32.6% 32.4%
Non-Homestead Residential 33.6% 35.4% 37.2% 38.0% 37.7%
All Other Properties 31.4% 30.4% 29.5% 29.4% 29.9%
Total 100.0% 100.0% 100.0% 100.0% 100.0%
Broward County • 2018 Budget Workshop • June 6, 2017
0.5 cent sales tax (8.3% of GF revenues)
Actual revenues, 2008 to 2017
5
-5.9%
-10.5%
0.2%
4.3% 3.8%
6.9% 6.6%5.1%
3.4%
1.4%
-12.5%
-10.5%
-8.5%
-6.5%
-4.5%
-2.5%
-0.5%
1.5%
3.5%
5.5%
7.5%
2008 2009 2010 2011 2012 2013 2014 2015 2016 2017*
*Year to date through March versus previous year to date through March.
Broward County • 2018 Budget Workshop • June 6, 2017
0.5 cent sales tax
Monthly revenue change from prior year, April 2016 to March 2017,
Broward vs State of Florida
6
4.7%4.2%
3.9%
6.2%
4.1%
7.5%
5.1%
1.0%
5.5%
4.5%
5.8%
1.9%
4.6%
2.0%
3.2%2.5%
2.9% 3.1%
6.9%
4.2%
-1.6%
2.4%
1.6%
3.3%
0.8%
2.7%
-5%
0%
5%
10%
Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 12Months
State Broward
Broward County • 2018 Budget Workshop • June 6, 2017
Sales tax collections, selected categories,
12 months through March 2017
7
0.6%
-0.9%
2.8%
4.5%
Broward
Miami-Dade
Palm Beach
Statewide
2.2%
0.04%
-2%
4.6%
4.0%
2.6%
2.7%
4.0%
Restaurants (10.7%)Automotive dealers (16.5% of all collections) General Merchandise (11.7%)
Broward County • 2018 Budget Workshop • June 6, 2017
Overall General Fund Outlook
Factors in the following:
• Preliminary Tax Roll on June 1st (Final on July 1st)
• For non-property taxes, FY18 updated revenue
estimates are less optimistic than in March
• Mandated expenses such as tax increment
payments, Medicaid payments, Article 5 court
costs etc.
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Broward County • 2018 Budget Workshop • June 6, 2017
Overall General Fund Outlook
• Maximum
appropriation
increase of 6.3% for
operations should
there be no millage
reduction
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FY18 BudgetJune 17
estimate
Change from
March 17
estimate
Tax Roll change 8.8% 2.8%
Other revenues -0.4%
Less 5% -0.1%
TOTAL REVENUES 2.3%
Constitutional officers
and County agencies6.3% +1.4%
Reserve for
Constitutional
amendment
+1.3%
Mandated expenses -0.4%
TOTAL USES 2.3%
Broward County • 2018 Budget Workshop • June 6, 2017
FY18 Appropriations based on various
General Fund growth scenarios
AgencyFY17 Adopted
Budget
FY17
+ 4.9%
FY17
+ 6.3%Notes
BSO $460.8 $483.4 $489.8 FY18 Request is $493.8M
SOE (Admin & Ops) $6.513 $6.832 $6.923 FY18 Request is $6.89M
County Commission Agencies $398.9 $418.4 $424.0
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*Includes additional $300K due to agreement on injured arrestee funding
NOTE: The county’s share of the Property Appraiser’s Office proposed FY18 operating budget is $20.9M or a 11%
increase above the adopted budget, as well as a non-operating request of $7.7M for a mass appraisal system. This
budget has been submitted to Florida Department of Revenue for review and approval.
*
Broward County • 2018 Budget Workshop • June 6, 2017
Impact of Tax Rolls on CRA payments
FY17 CRA Payments $39.0M
FY18 Estimate as of June $43.2M
Increase over FY17 Payments $4.2M
Increase over FY18 March Staff Estimate $0.8M
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Broward County • 2018 Budget Workshop • June 6, 2017
History of CRA payments
$millionsPayments
Began1982-2002 2003 2010 2017 2018
TOTAL
(1982-2018)
Fiscal Year
Payments
End
Hollywood - Downtown 1982 $7.810 $0.851 $2.700 $2.670 $2.86 $42.04 2028
Hollywood - Beach 1999 1.490 3.750 6.440 12.900 13.858 $125.11 2028
Subtotal Hollywood 9.300 4.600 9.140 15.560 16.719 $167.15
Pompano Beach – NW Area 1991 4.710 1.330 3.510 3.210 3.62 $48 2020
Pompano Beach – East Area 2004 0.065 1.120 1.310 1.431 $12.53 2032
Subtotal Pompano Beach 4.710 1.400 4.630 4.520 5.051 $60.53
Plantation 2002 0.051 0.073 0.523 0.590 0.661 $6.55 2031
Margate 1999 1.040 0.860 2.100 2.060 2.419 $29.50 2028
Lauderdale Lakes 2002 0.081 0.131 0.638 0.656 0.825 $7.79 2031
Hallandale 1998 2.040 1.000 3.960 4.620 5.069 $57.39 2027
Fort Lauderdale – Central
Beach1998 1.790 0.816 3.140 3.990 4.197 $42.88 2020
Fort Lauderdale – NW Area 1997 2.030 0.616 2.820 4.320 4.821 $43.43 2026
Subtotal Fort Lauderdale 3.820 1.430 5.960 8.310 9.018 $86.31
Deerfield Beach 2001 0.137 0.223 1.110 1.330 1.469 $16.39 2030
Davie 1990 1.930 0.683 1.570 1.670 1.874 $23.52 2028
Coral Springs 2017 0.018 0.081 $0.10 2030
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Broward County • 2018 Budget Workshop • June 6, 2017
Distribution of Millage Rate
(If total Millage Rate remains the same as FY17)
Millage Rate FY17 Adopted FY18 Proposed Difference
Operating 5.2904 5.2904 0
Capital 0.1570 0.1718 0.0148
Debt Service 0.2216 0.2068 -0.0148
TOTAL 5.669 5.669 0
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* May change based on July 1st Certified Tax Roll
*
*
Broward County • 2018 Budget Workshop • June 6, 2017
General Capital Program Taxes History
($ in millions)
14
$41.1
$37.6
$25.0$23.8
$19.0
$8.1 $8.1 $8.1$10.1
$16.1
$19.5
$25.6
$30.5
$0
$10
$20
$30
$40
$50
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18*
* May change based on July 1st Certified Tax Roll
Broward County • 2018 Budget Workshop • June 6, 2017
Items to consider for FY18 and beyond
• Constitutional amendment to expand homestead exemptions reduces GF
by estimated $32.4M in FY20
• Escalation in paratransit costs
• North exit ramp off Sawgrass
• Reduction in Court Facility traffic ticket surcharges that funds debt service
• Uncertainty of sales tax trends
• Wave project implementation
• Pay and classification issues with attracting and retaining employees
• Maintenance cost impact of new radio systems
• Phase in of opening of detox beds at new BARC facility
• Dispatch and court house security
• Convention center hotel project
• Potential loss of significant portion of Pay Telephone Trust funds
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Broward County • 2018 Budget Workshop • June 6, 2017
Next Steps
• Thursday June 15th – all day budget workshop
• County Administrator’s recommendations related to
county general fund agencies and Board Goals’ request
• August 29th – all day budget workshop
• General Capital Program
• Transportation Capital Program
• Enterprise Fund agencies
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Broward County • 2018 Budget Workshop • June 6, 2017
Discussion
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