Benzie County Benchmarking phase II
Transcription
Benzie County Benchmarking phase II
Benzie County April 28, 2016 Benzie County is located in northwest lower Michigan, bordering Lake Michigan. Benzie County boasts over 100 lakes, several square miles of State forests, and miles of pristine rivers. With a population of just under 18,000, Benzie County opens its doors to visitors year-round for water sports, fishing, skiing, snowmobiling, hunting, and fall colors. Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 1 Benchmark Benzie! Part B: Revenues April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 2 Author and Assistance • Mitch Deisch • • • Benzie County Administrator County of Benzie, Michigan Administrator Department • [email protected] • http://www.benzieco.net/ • Kurt H. Schindler, AICP • • Senior Educator, Government and Public Policy Michigan State University Extension, Benzie County • [email protected] • msue.msu.edu and lu.msue.msu.edu April 28, 2016 With assistance from: • John Amrhein, Educator, Government and Public Policy, MSU Extension • Tom Longanbach, Benzie County Equalization Director • Mary Schulz, Assistant Director MSU Center for Local Government Finance and Policy Institute • Dr. Eric Scorsone, Director, MSU Center for Local Government Finance and Policy Institute Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 3 Today’s Presenters • Mitch Deisch • Benzie County Administrator • County of Benzie, Michigan • Administrator Department • [email protected] • http://www.benzieco.net/ April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 4 What we will cover • County’s Millage • County’s property tax revenues in more detail • County’s non-property tax revenues in more detail • Future Considerations April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 6 Benchmark Benzie! • Future Benchmarking Benzie! Presentations: • A. Comparison of census geography millage, etc. • B. Comparison of revenues • C. Comparison of benefits • Retirement (MERS) benefits • Health Insurance benefits • D. Comparison of Economic development services and county costs for these services April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 7 County’s millage April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 8 Operating millage Projections 6.0000 5.0000 4.0000 3.0000 2.0000 1.0000 0.0000 Mills April 28, 2016 Expon. (Mills) Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 9 County’s property tax revenues in more detail April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 10 Taxable Value Breakdown Year Demolition New Construction Net Change New Construction Taxable Value 2004 2,661,601 30,175,394 27,513,793 805,938,284 2005 6,902,100 32,890,053 25,987,953 868,892,580 2006 7,932,344 30,360,366 22,428,022 940,001,073 2007 4,409,564 26,842,161 22,432,597 1,004,705,665 2008 4,644,486 22,108,099 17,463,613 1,055,045,531 2009 4,653,008 22,546,049 17,893,041 1,112,924,614 2010 3,622,842 16,868,222 13,245,380 1,082,492,562 2011 4,210,170 12,549,317 8,339,147 1,075,381,686 2012 4,263,956 16,539,830 12,275,874 1,086,800,562 2013 4,075,102 13,398,570 9,323,468 1,098,907,858 2014 9,025,302 14,810,020 5,784,718 1,119,687,264 2015 5,699,527 16,849,084 11,149,557 1,147,594,711 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 11 Headlee Millage reduction fraction explained Headlee formula: Prior year Taxable Value - Lossess) x Consumers Price Index Current year Taxable Value - Additions = Headlee millage reduction fraction April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 12 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 3% growth 74% growth 49% growth Taxable Value History 13 Growth in Revenue is Dependent on New Construction 45,000,000 40,000,000 35,000,000 30,000,000 25,000,000 20,000,000 15,000,000 10,000,000 5,000,000 0 Demolition April 28, 2016 New Construction Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 14 Growth in Revenue is Dependent on New Construction 15.00% 10.00% 5.00% 0.00% -5.00% -10.00% TV change w/o New Construction April 28, 2016 Overall TV change Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 15 Projected Trending Taxable Value (+3%) & Headlee factor (.989) 2056 Projected 3.85 Billion TV 2.2331 mills April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 16 Very Long Term Projected Trending Taxable Value (+3%) & Headlee factor (.989) Taxable Value in Millions 800,000 600,000 400,000 6.0000 5.0000 2015 Revenue $4,071,597 2233 Revenue $231,788,686 3.0000 2.0000 200,000 1.0000 0.0000 1983 1993 2003 2013 2023 2033 2043 2053 2063 2073 2083 2093 2103 2113 2123 2133 2143 2153 2163 2173 2183 2193 2203 2213 2223 2233 0 4.0000 SEV/TV Mills 2233 Projected 743 Billion TV .3118 mills April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 17 Projected Trending Revenue Taxable Value (+3%) & Headlee factor (.989) 2056 Projected Revenue Versus Inflation (purchasing power) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 18 Projected Trending Taxable Value (+3%) & Headlee factor (.989) 6.0000 $8,000,000 5.0000 2.0000 1.0000 Revenues 2055 2051 2047 2043 2039 2035 0.0000 2031 2027 2023 2019 2015 2011 2007 2003 1999 2015 Revenue $4,071,597 1995 $0 3.0000 1991 $2,000,000 4.0000 1987 $4,000,000 1983 $6,000,000 Projected Revenue $10,000,000 Mills 2056 Projected Revenue 3.85 Billion x 2.2331 mills = $8,610,213 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 19 Very Long Term Projected Trending Taxable Value (+3%) & Headlee factor (.989) $200,000,000 $50,000,000 $0 Projected Revenue $100,000,000 5.0000 2015 Revenue $4,071,597 4.0000 3.0000 2.0000 1.0000 0.0000 1983 1994 2005 2016 2027 2038 2049 2060 2071 2082 2093 2104 2115 2126 2137 2148 2159 2170 2181 2192 2203 2214 $150,000,000 6.0000 Revenues Mills 2223 Projected Revenue 536 Billion x .35211 mills = $189,064,991 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 20 Active Housing Market MiPlace Placemaking Curriculum & Michigan Placemaking Guidebook -- Source: Logan, RCLCO, 2012. County’s non-property tax revenues in more detail April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 22 Full revenue picture Property Tax $4,030,812 State Grants Transfer In Court fees Refund Rebate Deeds All other PILT Public Saftey $48,854.00 $55,533.00 $57,465.00 $79,367.00 $113,409.00 $251,737.00 $40,000.00 $35,511.00 $30,812.00 $28,353.00 $258,468.00 $361,274.00 $497,387.00 Use Adm fees Services Sheriff License Permits Federal Grants $28,353 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 23 Revenue picture (not including property tax State Grants $497,387 Transfer In Court fees Refund Rebate Deeds All other $35,511.00 $40,000.00 $48,854.00 $55,533.00 $57,465.00 $79,367.00 $30,812.00 $28,353.00 PILT $113,409.00 Public Saftey Use Adm fees Services Sheriff $251,737.00 License Permits Federal Grants $28,353 April 28, 2016 $258,468.00 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $361,274.00 24 Revenue: Non business Licenses & Permits (Source: 2015 Michigan Treasury F-65 reports) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $10,976 $0.00 $13,846 $99,622 $32,465 $100,000.00 $88,617 $200,000.00 $30,812 $300,000.00 $27,003 $400,000.00 $35,882 $500,000.00 $162,448 $533,892 $600,000.00 25 Revenue: Federal Grants (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $486,802 $422,414 $600,000.00 $500,000.00 $400,000.00 $300,000.00 $200,000.00 $100,000.00 $0.00 $28,353 (Source: 2015 Michigan Treasury F-65 reports) 26 Revenue: PILT (swamp tax, forest reserve (*No data available) April 28, 2016 $260 $43,856 $49,215 $70,000.00 $60,000.00 $50,000.00 $40,000.00 $30,000.00 $20,000.00 $10,000.00 $0.00 $57,465 (Source: 2015 Michigan Treasury F-65 reports) Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 27 Revenue: Public Safety (*no data available) $52,839 $100,000.00 $221,688 $180,810 $200,000.00 $55,533 $300,000.00 $102,239 $400,000.00 $76,017 $408,164 $500,000.00 $262,835 (Source: 2015 Michigan Treasury F-65 reports) $0.00 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 28 Revenue: State Grants (other general) (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $410,873 $246,376 $258,043 $252,776 $600,000.00 $500,000.00 $400,000.00 $300,000.00 $200,000.00 $100,000.00 $0.00 $497,387 (Source: 2015 Michigan Treasury F-65 reports) 29 Revenue: State Revenue Sharing (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $227,068 $256,260 $350,000.00 $300,000.00 $250,000.00 $200,000.00 $150,000.00 $100,000.00 $50,000.00 $0.00 $321,047 (Source: 2015 Michigan Treasury F-65 reports) 30 Revenue: Non business Licenses & Permits April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $10,976 $13,846 $99,622 $27,003 $35,882 $162,448 $32,465 $88,617 $30,812 $600,000.00 $500,000.00 $400,000.00 $300,000.00 $200,000.00 $100,000.00 $0.00 $533,892 (Source: 2015 Michigan Treasury F-65 reports) 31 Revenue: Court Ordered Fees & Charges (*No data available) (Source: 2015 Michigan Treasury F-65 reports) $0.00 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $6,650 $500,000.00 $400,912 $1,000,000.00 $258,468 $1,500,000.00 $231,926 $2,000,000.00 $294,954 $2,291,562 $2,500,000.00 32 Revenue: Register of Deeds (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $83,659 $189,253 $158,294 $990,413 $390,933 $295,260 $1,200,000.00 $1,000,000.00 $800,000.00 $600,000.00 $400,000.00 $200,000.00 $0.00 $113,409 (Source: 2015 Michigan Treasury F-65 reports) 33 Revenue: Police/Sheriff (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $14,344 $1,500 $121,534 $93,240 $168,689 $35,511 $1,400,000.00 $1,200,000.00 $1,000,000.00 $800,000.00 $600,000.00 $400,000.00 $200,000.00 $0.00 $1,172,961 (Source: 2015 Michigan Treasury F-65 reports) 34 Revenue: All Other Services Rendered Charges April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $67,503 $39,861 $21,233 $0.00 $82,747 $200,000.00 $92,362 $400,000.00 $40,000 $600,000.00 $53,219 $800,000.00 $351,581 $849,862 $1,000,000.00 $550,202 (Source: 2015 Michigan Treasury F-65 reports) 35 Revenue: All Other Sales, Use & Admission Fees (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $43,893 $48,648 $48,854 $500,000.00 $400,000.00 $300,000.00 $200,000.00 $100,000.00 $0.00 $456,653 (Source: 2015 Michigan Treasury F-65 reports) 36 Revenue: All Other Refunds & Rebates (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $158,550 $309,414 $128,038 $411,377 $840,529 $1,000,000.00 $800,000.00 $600,000.00 $400,000.00 $200,000.00 $0.00 $251,737 (Source: 2015 Michigan Treasury F-65 reports) 37 Revenue: Transfers In (to General Fund from another county fund) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $1,135,905 $1,055,835 $684,123 $596,928 $1,606,715 $2,394,998 $666,630 $1,213,176 $589,684 $3,000,000.00 $2,500,000.00 $2,000,000.00 $1,500,000.00 $1,000,000.00 $500,000.00 $0.00 $361,274 (Source: 2015 Michigan Treasury F-65 reports) 38 No Revenue, but other counties have: General Government Excluding Revenue Sharing (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $1,104,841 $362,497 $1,124,721 $77,581 $697,954 $1,237,137 $364,853 $360,941 $1,400,000.00 $1,200,000.00 $1,000,000.00 $800,000.00 $600,000.00 $400,000.00 $200,000.00 $0.00 $148,090 (Source: 2015 Michigan Treasury F-65 reports) 39 No Revenue, but other counties have: Statutory Court Fees & Costs (*No data available) $724,822 $73,955 $200,000.00 $96,146 $400,000.00 $108,037 $600,000.00 $342,526 $800,000.00 $519,446 (Source: 2015 Michigan Treasury F-65 reports) $0.00 April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 40 No Revenue, but other counties have: All Fines, Penalties & Forfeits (*No data available) April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. $920 $32,045 $48,829 $3,152 $4,110 $3,365 $2,600 $47,589 $140,000.00 $120,000.00 $100,000.00 $80,000.00 $60,000.00 $40,000.00 $20,000.00 $0.00 $118,070 (Source: 2015 Michigan Treasury F-65 reports) 41 Future Considerations April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 42 For Future Consideration • Benzie County has a solid Taxable Value. • Benzie County Allocated Operating millage rate is the lowest among the benchmark counties, while Benzie County voted millage’s are the highest among the benchmark counties. April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 43 For Future Consideration • Taxable Value, while stable is not anticipated to rise approximately 1% per year for the next several years. • New development is the only true growth sector for Benzie County general fund revenue. New construction is no included in the Headlee rollback calculation. April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 44 For Future Consideration • Unpredictable market increases (MERS, Health Insurance, etc.)will continue to outpace general fund revenue. • Absent substantive changes, Benzie County should anticipate continued financial pressures on the general fund budget. April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 45 For Future Consideration • Balanced Budget • Proposed budget vs Estimated budget needs = Desired new revenue funding • Declining Revenue Stream • Additional millage will be required in future years. April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 46 For Future Consideration • Extra Voted Millage’s • Does the Millage cover all operating cost? • Is the General Fund subsidizing operations that are covered under extra voted millage. • Services provided • Best bang for tax dollars? Privatization? • Authorities and inter county agreements. April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 47 What we covered • County’s Millage • County’s property tax revenues in more detail • County’s non-property tax revenues in more detail • Future Considerations April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 48 Thank you • Mitch Deisch • Benzie County Administrator • County of Benzie, Michigan • Administrator Department • [email protected] • http://www.benzieco.net/ April 28, 2016 Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 49 Benzie County April 28, 2016 Benzie County is located in northwest lower Michigan, bordering Lake Michigan. Benzie County boasts over 100 lakes, several square miles of State forests, and miles of pristine rivers. With a population of just under 18,000, Benzie County opens its doors to visitors year-round for water sports, fishing, skiing, snowmobiling, hunting, and fall colors. Benzie County, Michigan - 448 Court Place, Beulah, Michigan 49617 Benzie County is an Equal Opportunity Employer. 50