2021 Chenango County Tentative budget
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
2021 Chenango County
Tentative budget
Preliminary Board review Copy October 28, 2020
• Have a balanced budget using reasonable revenue and expense
expectations.
• Projecting 2021 revenue is problematic ( NYS aid and sales tax).
• 2021 NYS aid budgeted at about 90% of 2019.
• 2021 sales tax budgeted at 93% of 2019 actual.
• Other than in exigent circumstances adhere to the tax cap.
• We have met this precept for all ten year of the Tax Cap
Legislation
• Maintain a NY State Comptroller’s rating of “not in fiscal stress.”
• We have met this precept for all eight years of its calculation.
• Remain Debt free
• With the potential exception of partial financing for the CCOB
and landfill Cell 5 Projects
• The CCOB project, and several others, are now on hold
• Maintain a minimum of $ 15,000,000 general fund surplus ( i.e. not
otherwise earmarked).
• The surplus balance at 12/31/19 was $ 24,000,000. Some of this
money will be used to offset potential 2020 and 2021 deficits (
perhaps as much as $5 - $7 million).
• The application of General Fund surplus applied to the following
years’ budget should not exceed $ 1,500,000 ( >2% of the General
and Social Services budgets).
• We meet this precept as our application is now at $ 1,340,000.
• Under the tax cap of 1.79% - for the tenth straight year - of
$469,000 by about $12,000. Meeting the CAP will allow for
state reimbursement of “Raise the Age” costs.
• The average tax rate increases by $.24/$1,000 of assessed value
or 1.79% from 2020 (about $25 annually per average residence).
Individual town rates will vary depending on equalization rates
and assessed value totals.
• The 2021 budget includes over $ 800,000+ of additional local
cost for newly adopted NYS mandated programs for: Lead
testing ($ 120,000); early voting ($ 80,000); Probation
Supervision ( $ 80,000); Cashless Bail ( $ 60,000); Added DA
expenses ( $ 185,000); and the county’s assumption of AIM
funding to local municipalities ($ 320,000). These new
mandates drove our 2020 spending up by about 8/10ths of one
percent and will continue to do so in 2021.
• The PAVE NY and Winter Recovery Programs require NYS Legislative
extension. Without that approval we will have about $ 700,000 less of
repaving funds available in 2021. Also any 2021 aid reduction here or in the
CHIPS program will reduce the number of road miles we can repave; we are
on a 7 year cycle.
• Traffic Diversion Program and Bed Tax revenues will help reduce property taxes
by more than $ 100,000.
• Taxable values are flat at $1.86 billion.
• The County remains debt free.
• Maintains a NY Comptroller's rating of "not in fiscal stress”.
• The collapse in interest rates on invested funds will reduce our revenue by about
$ -1,000,000.00
• We are now operating school based Mental Health Satellites in the Afton,
Bainbridge-Guilford, Greene, Norwich, Otselic Valley and Oxford School
Districts.
• Our self-funded health plan has a 2021 cost increase of just 2.0%. Since 2013
benefit cost (less salary escrow) have increased about 2% per year. Due to stock
market conditions at 3/31/20 NYSERS rates for 2021 are up 15%.
• All 2020 programs are continued in 2021.
• Spending is down $400,000 or .4% from 2020’s total of $95.5 million
and only 10.2% in total from 2013 ($86.7 million ) or about 1.25% per
year.
• Budgeted revenues continue to be at robust levels and are very
unpredictable (eg. In 2021 we will lose about $ 245,000 of sales tax
receipts to fund “distressed hospitals”)
• Lessens the application of 2020 General Fund Surplus toward reducing
the 2021 budget by $10,000 to $1,340,000. This is the tenth consecutive
reduction from the $3,683,000 applied to balance the 2011 budget. We
are in compliance with our goal of applying less than 2% of our
General and Social Services budget (less Medicaid) to reduce the
following year’s tax levy. 2% equals about $ 1,460,000
• We are fully aligned with our 6 financial precepts.
• About one third of our local real property tax levy of $26.9
million goes to support Medicaid.
Notes : A) Subject to Board of Supervisor’s action / revision
B) Subject to adjustment until public filing on 11/16/20
How the County Tax Levy is distributed CHENANGO COUNTY 2021
Based on Average Tentative County Rate PROPERTY TAX RATE
For every 1,000 Dollars in Taxable Full Value DISTRIBUTION
Economic Assistance $ 6.48
Public Safety $ 2.67
Education
County Roads & Transportation $ 2.60 3.15%
Economic
Health $ 1.02 Development
0.36%
Culture &
General Government $ 0.71 Recreation
0.36% General
Government
Education $ 0.45 Social Service 4.89%
Programs
44.96%
Home & Community Services $ 0.38 Home &
Community
Services
Economic Development $ 0.05 2.67%
Culture & Recreation $ 0.05 County Roads Health
& 7.07%
Transportation Public Safety
18.01% 18.54%
AVERAGE COUNTY RATE PER THOUSAND $ 14.42
Federal Aid Applied Surplus
12.34% 2.22% Real Property
Taxes CHENANGO COUNTY 2021
30.03%
State Aid TENTATIVE BUDGET
16.26%
REVENUES
CHENANGO COUNTY
REVENUE
COMPARISON
Sales Tax
15.83%
Departmental Other Tax Related
Income Items Applied Surplus
Federal Aid
20.53% 2.79% 2.26%
11.70% Real Property Taxes
29.37%
State Aid
16.59%
CHENANGO COUNTY 2020
ADOPTED BUDGET
REVENUES
Sales Tax
16.40%
Departmental Other Tax Related
Income Items
20.94% 2.74%Transportation Culture And Economic
21.07% Recreation Assistance
0.16% 27.50% CHENANGO COUNTY
2021 TENTATIVE BUDGET
APPROPRIATIONS
Education
1.51%
CHENANGO COUNTY
Public Safety APPROPRIATION
13.54%
Fringe Benefits COMPARISON
12.50%
Home And General
Community Svces Health Government
3.76% 12.36% 7.62%
Transportation Culture And
20.80% Recreation Economic Assistance
0.16% 28.23%
Education
CHENANGO COUNTY 1.50%
2020 ADOPTED BUDGET
APPROPRIATIONS
Public Safety
13.36%
Fringe Benefits
12.01%
Home And
Community Svces
3.85% Health General Government
12.37% 7.70%TOTAL TAXABLE SALES % CHANGE
YEAR OVER YEAR COMPARISON OF TAXABLE SALES
http://wwe1.osc.state.ny.us/localgov/nys-local-government-interactive-data.htm
Chenango County compounded annual increase in expenses from 2013 - 2021 is 1.25% per year.
System Components • Utilizes existing data ( AUD) • Objective • Transparent • Early Warning • Real Value over time
• Year-end Fund Balance ( 50 % )
• Operating Deficits ( 10 % )
• Cash Positions ( 20% )
• Short Term Debt ( 10 % )
• Fixed Costs ( 10 % )
**Weighted score based on pointsLocal Government /
Fiscal Year Ending in Class School District County Stress Designation Region Current Year 1 Year Prior 2 Years Prior Environmental Score
2019 County Chenango Chenango No Designation Southern Tier 0.0 0.0 0.0 26.7
2019 County Broome Broome No Designation Southern Tier 0.0 51.3 54.6 33.3
2019 County Chemung Chemung No Designation Southern Tier 0.0 25.8 19.6 20.0
2019 County Delaware Delaware No Designation Southern Tier 3.3 0.0 0.0 33.3
2019 County Otsego Otsego No Designation Southern Tier 0.0 22.5 0.0 33.3
2019 County Schuyler Schuyler No Designation Southern Tier Not Filed 0.0 0.0
2019 County Steuben Steuben No Designation Southern Tier 0.0 0.0 0.0 20.0
2019 County Tioga Tioga No Designation Southern Tier 3.3 3.3 3.3 26.7
2019 County Tompkins Tompkins No Designation Southern Tier 0.0 0.0 0.0 16.7
2019 County Allegany Allegany No Designation Western New York 0.0 0.0 0.0 33.3
2019 County Cattaraugus Cattaraugus No Designation Western New York 0.0 0.0 3.3 26.7
2019 County Essex Essex No Designation North Country 0.0 0.0 0.0 33.3
2019 County Greene Greene No Designation Capital District 0.0 0.0 0.0 36.7
2019 County Jefferson Jefferson No Designation North Country 0.0 0.0 9.6 23.3
2019 County Ontario Ontario No Designation Finger Lakes 0.0 0.0 0.0 6.7
2019 County Putnam Putnam No Designation Mid-Hudson Region 0.0 0.0 3.3 30.0
2019 County Rensselaer Rensselaer No Designation Capital District 0.0 0.0 12.9 23.3
2019 County Schenectady Schenectady No Designation Capital District 0.0 0.0 0.0 33.3
2019 County Schoharie Schoharie No Designation Mohawk Valley 0.0 0.0 0.0 43.3
2019 County Wayne Wayne No Designation Finger Lakes 0.0 0.0 3.3 10.0
2019 County Yates Yates No Designation Finger Lakes 0.0 0.0 0.0 23.3
2019 County Fulton Fulton No Designation Mohawk Valley 3.3 6.7 10.0 30.0
2019 County Genesee Genesee No Designation Finger Lakes 3.3 3.3 3.3 13.3
2019 County Hamilton Hamilton No Designation Mohawk Valley 3.3 3.3 3.3 36.7
2019 County Herkimer Herkimer No Designation Mohawk Valley 3.3 0.0 0.0 26.7
2019 County Lewis Lewis No Designation North Country 3.3 3.3 6.7 3.3
2019 County Livingston Livingston No Designation Finger Lakes 3.3 3.3 3.3 23.3
2019 County Warren Warren No Designation Capital District 3.3 0.0 0.0 23.3
2019 County Wyoming Wyoming No Designation Finger Lakes 3.3 3.3 3.3 20.0
2019 County Monroe Monroe Susceptible Fiscal Stress Finger Lakes 51.3 64.2 69.2 16.7
2019 County Nassau Nassau Susceptible Fiscal Stress Long Island 54.6 72.1 68.8 13.3
2019 County Suffolk Suffolk Significant Fiscal Stress Long Island 73.3 76.7 76.7 23.3
2019 County Westchester Westchester Significant Fiscal Stress Mid-Hudson Region 66.3 69.6 69.6 26.7
New York State Comptrollers Office – Abbreviated Listing – September 2020Financial
Indicators Fiscal Stress Financial Indicators 2017 2018 2019
1 Assigned and Unassigned Fund Balance as a Percentage (%) of Gross Expenditures
0.0 0.0 0.0
2
Total Fund Balance as a Percentage (%) of Gross Expenditures 0.0 0.0 0.0
3 Operating Deficits 0.0 0.0 0.0
Cash Ratio - Cash and Investments as a Percentage (%) of Current Liabilities 0.0 0.0 0.0
4
5 Cash as a Percentage (%) of Monthly Gross Expenditures 0.0 0.0 0.0
6 Short-Term Cash-Flow Debt Issuance as a Percentage (%) of Total Revenues 0.0 0.0 0.0
7 Short-Term Cash-Flow Debt Issuance Trend 0.0 0.0 0.0
8 Personal Service and Employee Benefits as a Percentage (%) of Total Revenues (3 year avg) 0.0 0.0 0.0
Debt Service as a Percentage (%) of Total Revenues (3 year avg) 0.0 0.0 0.0
9
Total Points* 0.0 0.0 0.0
Score Classification No Designation No Designation No DesignationScore
Value
Fiscal Stress Environmental Indicators 2019
1 Change in Population -4.11% 6.67
2 Percent of Households with Public Assistance
18.25% 0
3 Percent of Population Under 18 & Over 65 40.70% 0
4 Percent Change in Home Value 7.06% 6.67
5 Median Household Income $50,595 0
6 Unemployment Rate 5.70% 0
7 Reliance on State and Federal Aid 23.06% 13.33
Total Points* 26.7
Score Classification No DesignationFYE 12/31
3.00%
2.39%
2.38%
2.50%
1.84%
1.79%
Inflation Factor
2.00% 1.66%
1.56%
1.50%
FYE 12/31
0.73% 0.68%
1.00%
0.50%
0.00%
2014 2015 2016 2017 2018 2019 2020 2021
Fiscal Year Beginning
As Defined in law, the allowable levy growth factor is the lesser of one plus the inflation factor or one and two-one-
hundredths. For periods where the inflation factor is less then 2 percent, the allowable levy growth factor is equal to one
plus the inflation factor.14.42
14.19
13.90
Tax Rate Per Thousand
13.62
13.46
13.40
13.17
13.04
12.84
12.54
Annual Compounded Growth Rate = 1.6%
Tax Cap
Imposed
Rate change between .13 and .29 per year
Per 1,000 of assessed value
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Year25
24
23
22
21
Millions
20
19
18
17
16
15
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Years Proj. Est.90
88
86
84
82
80 EXPENSE
REVENUE
78
76
74
72
70
2010 2011 2012 2013 2014 2015 2016 2017 2018 201968
66
64
62
Percent Exhausted
60
58
56
54
52
50
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021$6,000,000
$5,000,000
$4,000,000
$3,000,000
$2,000,000
$1,000,000
$0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Applied Fund Balance Appropriation Of Surplus During The Fiscal YearMandated programs require a county to strictly adhere to rules set by the state, which define the scope, eligibility, frequency and level of service, amount of benefits, etc. The State also controls the levels of funding participation for these mandated programs Counties have virtually no ability to control the cost of these state dictated mandates. According to NYSAC, over the next several years the State will implement state tax rebate check programs and tax breaks for select special interest groups and industrial sectors, not including STAR, that will exceed $3 billion on an annual basis – none of which will actually reduce any homeowner’s or small businesses’ property tax bills. New York State has required county taxpayers to finance with local property taxes dozens of state mandated programs that, for the most part, other states do not finance through property taxes. We believe that one of the best ways to improve New York’s economic climate and competitiveness is to not just to slow the rate of growth in property taxes, but to actually lower them from today’s levels. We believe that aligning the cost of the state’s mandated programs with the State Government, that defines and controls them, will result in an historic and sustainable reduction in county property taxes and create a more appropriate and equitable distribution of program costs. Combined, the following ten mandated programs make up 81.52% of the tentative County tax levy for 2021 compared to 81.57% in 2020.
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
35.00%
40.00%
MEDICAID, 34.33%
NEEDY FAMILIES , 2.66%
SAFETY NET, 2.18%
CHILD WELFARE, 3.09%
INGIDENT COST, 1.90%
Department of Social Services - 48.30%
PRESCHOOL, 4.14%
Tax Levy
PROBATION, 1.74%
CORRECTIONAL FACILITY, 7.45%
Percentage of Tax Levy for 2020
2020 Cost of Mandated programs
RETIREMENT COST, 14.64%
COLLEGE CHARGEBACK, 5.64%
ELECTIONS, 0.29%
22,274,280
27,325,633
81.52%
DISTRICT ATTORNEY, 0.68%
PUBLIC HEALTH, 0.44%
CASHLESS BAIL, 0.22%
EXISTING STATE MANDATES
AIM FUNDING, 1.19%
Per new legislation in 2019 and 2020 - 3.75%
DISTRESS HOSPITALS, 0.93%You can also read
