Jun 21, 2022 City Council Workshop

THE ACTUAL ESTIMATES THAT THEY HAD THAT PROVIDED, I'M HOPING THIS YEAR THAT THEY DO COME IN IN THE MID OF MID-JULY FOR FISCAL YEAR 22 PREPARATIONS.

[*This meeting was joined in progress.*]

[1. Mid-year review of Fiscal Year 2021-2022 budget; discussion of proposed budget for Fiscal Year 2022-2023.]

[00:00:09]

SO IT JUST COMES BACK A LITTLE BIT LATE.

WE DID INVEST IN OUR OPERATIONAL AND CAPITAL NEEDS.

WHAT WE TALKED ABOUT, WE HAD A LITTLE OVER 5 MILLION THAT WE'RE ON YOUR 12, 16, 21 AND ONE 722 REGULARLY SCHEDULE COUNCIL MEETING AGENDAS.

SO WE HAVE INVESTED MORE INTO THE OPERATIONAL CAPITAL NEEDS.

AS DISCUSSED, WE DID HAVE THE UNION CONTRACT NEGOTIATIONS COMPLETED FOR THE INTERNATIONAL ASSOCIATION OF FIREFIGHTERS AND THE FRATERNAL ORDER OF POLICE. SO THAT IMPACT TO THE BUDGET WAS AN ADDITIONAL 600 OR ABOUT 640,000 ON TOP OF WHAT WAS ORIGINALLY ALREADY BUDGETED.

SO REMEMBER THEY HAD A 3% AND THEN APRIL 1ST THERE WAS AN ADDITIONAL BUMP THAT WENT UP.

SO WE DID GO THROUGH THOSE AS TALKED TO INCREASE PROPERTY SALES REVENUE, FUNDING FOR ROAD MAINTENANCE.

SO AS YOU KNOW, ALL OF THE PROPERTY SALES THAT YOU'VE BEEN SEEING COME THROUGH ON YOUR AGENDA ITEMS. ALL OF THAT REVENUE DOES GET TRANSFERRED TO THE GENERAL FUND.

TO DATE, I HAVE 186,000 AND I KNOW THERE'S PLENTY MORE COMING BECAUSE I DO REVIEW THE COUNCIL AGENDAS AND THERE'S PLENTY MORE THAT ARE IN THE HOPPER THAT ARE THAT WILL BE GOING OUT FOR SALE AND THAT WE WILL TRANSFER.

AS I MENTIONED, WE HAVE A SALARY STUDY THAT IS CURRENTLY PENDING REVIEW AND THE RESULTS ARE PENDING.

SO I KNOW THAT THAT IS HEAVILY BEING REVIEWED.

SO THAT'S JUST A HIGHLIGHT THAT WE PUT OUT THERE THAT WE ARE ACTIVELY WORKING ON THAT.

SO LET'S TALK A LITTLE BIT ABOUT OUR FISCAL YEAR 23 BASED BUDGET.

SO AS OF RIGHT NOW, WE'RE AT ESTIMATED REVENUE, LIKE I SAID IS THEY ARE ESTIMATED WE'RE STILL WAITING ON A FEW ITEMS IS PROJECTED TO BE ABOUT 88.29 MILLION. THAT DOES INCLUDE THE ESTIMATED AD VALOREM.

FINALS ARE HOPEFULLY COMING BY JULY 1ST AND THEN OUR ESTIMATED STATE SHARE.

SO THOSE COULD VARY.

OUR ESTIMATED EXPENDITURES ARE APPROXIMATELY 84.7 OR 84.8 MILLION.

SO AT THE MOMENT WHAT I AM WORKING WITH IS WITH A SURPLUS, 3.5 MILLION.

SO LET'S TALK A LITTLE BIT ABOUT YOUR ESTIMATED EXPENDITURES.

SO THAT 84.7, AS I MENTIONED EARLIER, THE DEPARTMENTS DID NOT HAVE FREE REIN ON THEIR BUDGETS LIKE WITH A ZERO BASE.

WE GAVE THEM WHAT THEY WERE APPROVED FOR THIS YEAR AND ANYTHING THAT WENT ABOVE THAT, WHAT I CALL OPERATING MAXIMUM, THEY HAD TO REQUEST.

SO YOUR REQUESTS THIS YEAR WILL BE SIGNIFICANTLY HIGHER THAN IN THE PREVIOUS TWO YEARS BECAUSE THEY ARE NOT ACCOUNTING FOR THOSE HIGH PRIORITY ITEMS THAT WE ALLOWED THEM TO INCLUDE IN THE PREVIOUS YEARS.

SO IN THE PREVIOUS TWO YEARS, WE HAD SAID ZERO BASED BUDGET OPERATIONAL NEEDS PLUS HIGH PRIORITY ITEMS, HIGH PRIORITY ITEMS LIKE I HAD HAD MENTIONED SORT OF AT THAT SPECIAL COUNCIL MEETING LAST WEEK IS ANYTHING THAT'S CONTRACTUALLY UPGRADED, ANYTHING THAT'S NEW, OR A CONTRACTUAL INCREASE IN ANY KIND OF REGULATORY ITEMS. SO IF YOU HAVE EQUIPMENT THAT HAS LIKE DROPPED DEAD DATES THAT ARE USEFUL AFTER A CERTAIN TIME, SO THOSE WILL BE IN THE REQUEST THIS YEAR. SO EVEN THOUGH YOU SEE A 3.5 MILLION, YOUR PRIORITY ONE REQUESTS WILL BE SIGNIFICANTLY HIGHER.

SO COMPARING THIS YEAR TO LAST YEAR, YOU HAVE TO ACCOUNT FOR THAT.

ALL RIGHT. SO FISCAL YEAR 23 HIGHLIGHTS PROPERTY MILITARY.

RIGHT NOW THE BUDGET IS BUILT ON THE 3% CAP RATE.

WE'RE GOING TO TALK ABOUT THAT IN A LITTLE BIT, INCLUDING NEW CONSTRUCTION, AS I MENTIONED, OPERATING MAXIMUM BUDGET VERSUS ZERO BASE.

SO THAT WAS A BIG CHANGE.

PRELIMINARY OVERALL ESTIMATE, INCREASES OF ABOUT 3.8% IN STATE SHARED REVENUES.

SO WE'RE LOOKING AT A LITTLE BIT OF AN INCREASE.

I NEVER I'M NEVER TOO OPTIMISTIC.

I AM CAUTIOUSLY OPTIMISTIC, AS SOME LIKE TO CALL IT.

BUT WE DO ANTICIPATE A REVENUE INCREASE FROM FISCAL YEAR 22.

WE DO HAVE BUILT IN SALARY INCREASES FOR OUR GENERAL EMPLOYEES AS WELL AS CITY COUNCIL.

YOUR SALARY IS BASED ON CPI OR 3.3%, BASED ON WHAT I BELIEVE IS CPI IS GOING TO BE SIGNIFICANTLY HIGHER.

SO WE WENT AHEAD AND BUILT IN THAT 3% AND OF COURSE OUR UNION CONTRACTS.

SO THAT DOES INCLUDE FIRE AND POLICE WITH THAT ADDITIONAL CONTRACTUAL REQUIREMENT AND A 3% FOR OUR NEEDS, BLUE AND WHITE, OUR HEALTH INSURANCE BENEFITS ARE ASSOCIATED ASSOCIATED TO INCREASE ABOUT 7%.

AND WE DO HAVE OUR MANDATORY FIRE AND POLICE RETIREMENT, OUR PENSIONS, OF COURSE, THAT ARE INCLUDED.

AND AGAIN, I'M GOING TO HIGHLIGHT THAT THIS 3.5 DOES NOT INCLUDE THE 1.7 MILLION IN HIGH PRIORITY REQUESTS.

[00:05:06]

WE DO HAVE TO ACCOUNT FOR THAT DIFFERENCE.

THIS IS FOR DISCLOSURE PURPOSES.

ANNUAL BUDGET, OUR ANNUAL DEBT SERVICE.

SO WITHIN THE GENERAL FUND WE DO HAVE A LARGE PORTION OF DEBT SERVICE THAT GETS TRANSFERRED OUT TO PAY TO PAY THE BILLS.

DEBT SERVICE IS I WOULD LIKE TO IT I WORK AND WORK IN THAT DEPARTMENT IS A HIGHER THAN A HIGH PRIORITY ONE.

YOU HAVE TO PAY YOUR BILLS, JUST LIKE IN YOUR PERSONAL FINANCES.

WE HAVE TO PAY OUR OUR DEBT AND WE HAVE TO PAY THE CREDITORS.

SO FOR FISCAL YEAR 23, WE HAVE BUILT INTO THE BUDGET A DEBT SERVICE TOTALING $7.3 MILLION.

SO THESE ARE ALL OF OUR PAYMENTS THAT ARE DUE.

LET'S TALK A LITTLE BIT ABOUT ENTERPRISE FUNDS.

ENTERPRISE FUNDS, ESSENTIALLY HOW I ALWAYS EXPLAIN THEM.

THEY RUN LIKE A BUSINESS, SO THEY GENERATE MONEY, THEY GENERATE THEIR REVENUE, AND THAT HAS TO STAY WITHIN THE ENTERPRISE FUND SO THEY CANNOT BE SHARED.

SO WE HAVE CURRENTLY HAVE FOUR MAJOR ENTERPRISE FUNDS, WHICH IS UTILITIES, BUILDING, STORMWATER AND SOLID WASTE.

AND WHATEVER REVENUE IS GENERATED IN THOSE FUNDS HAS TO STAY THERE SO IT DOES NOT GET SHARED BY THE GENERAL FUND WE JUST TALKED ABOUT.

SO THAT 85 MILLION AND ALL THOSE OTHER DEPARTMENTS THAT OPERATE IN THAT FUND THERE, THEY DO NOT RECEIVE ANY OF THAT REVENUE.

RIGHT. SO UTILITY'S OPERATING FUND OBVIOUSLY FALLS UNDER OUR UTILITIES DEPARTMENT BUILDING FUND, UNDER BUILDING IN OUR STORM WATER UTILITY AND SOLID WASTE FALLS UNDER OUR PUBLIC WORKS DEPARTMENT.

AGAIN, WE TALK ABOUT YEAR END ESTIMATES AND THE ESTIMATED BUDGET FOR THE UPCOMING YEAR.

I TRY TO KEEP THIS THIS VERY BASIC BECAUSE USUALLY WHAT WE DO WITH THOSE DEPARTMENTS IS WE PRETTY MUCH BALANCE THEIR BUDGETS.

A LOT OF THEM, I DON'T WANT TO SAY A LOT OF THEM, BUT SEVERAL OF THE FUNDS DO HAVE HEALTHY FUND BALANCES.

SO A LOT OF THE PROJECTS THAT ARE BEING REQUESTED END END UP BEING FUNDED IN THE YEAR.

SO WE HAVE A GREAT TEAM IN IN EACH ONE OF THOSE DEPARTMENTS THAT WE WORK WITH.

SO WHERE WE KNOW THE REVENUES THAT ARE ESTIMATED TO COME IN AND THEY DO TEND TO BE HIGHER THAN THEIR OPERATIONAL NEEDS, WHICH INCLUDES PERSONNEL.

SO WE DO LOOK AT ALL THAT AND LOOK AT THEIR CAPITAL FUTURE REQUESTS OR ANY OPERATING REQUESTS, AND WE DO WORK WITH THEM.

SO THAT'S JUST A DISCLOSURE.

OF COURSE, WHEN IT COMES TO STORM WATER UTILITY, WE DO HAVE THE BASE BUDGET IS BASED ON A RATE OF $131 PER LRU.

SO I KNOW THAT THAT IS SOMETHING THAT'S PRELIMINARY WHAT HAS BEEN BUILT INTO THE BUDGET.

IF THAT DOES HAPPEN TO CHANGE, WE WILL JUST MAKE THOSE REVISIONS.

AND ANOTHER BIG THING THAT IS OUR INSTITUTIONAL EXEMPTIONS, WHICH YOU'VE SEEN IN PREVIOUS FISCAL YEARS, EVEN IN THE CURRENT YEAR, THE GENERAL FUND WILL NO LONGER BE FUNDING THOSE INSTITUTIONAL EXEMPTIONS.

SO STORM WATER UTILITY, THERE HAD BEEN AN AGREEMENT THAT CERTAIN INSTITUTIONS WERE EXCLUDED FROM FROM PAYING THOSE RATES AND THE GENERAL FUND ESSENTIALLY SUBSIDIZED THAT.

SO THERE WAS A CERTAIN AMOUNT THAT WAS USUALLY BUILT INTO THE GENERAL FUND THAT ESSENTIALLY JUST GETS FUNDED TO STORM WATER.

SO THAT FOR FISCAL YEAR 23 HAS BEEN REMOVED, JUST LIKE WE SAW OUR REVENUES.

WE DO SHOW OUR EXPENDITURES UNDERNEATH.

SO AS YOU SEE THE OUTSIDE OF BUILDING AND LIKE STORM WATER WHERE WE ALREADY HAVE SOME PROJECTS BUILT IN, THE MAJORITY OF THEM, THEY DO FALL WHERE THE REVENUE WOULD BE HIGHER THAN THE THAN THE UPCOMING EXPENDITURES.

BUT USUALLY WHAT WE DO, WE LOOK AT THEIR FUND BALANCE.

AND IF THE FUND BALANCE IS THERE, IT'S UNLIKE GENERAL FUND WHERE THAT FUND BALANCE, BECAUSE IT STAYS WITHIN THE FUND, IS DEDICATED TO THEIR FUTURE OPERATIONAL NEEDS AND PROJECTS. ON THE RIGHT HAND SIDE, YOU ESSENTIALLY JUST SEE IT BROKEN DOWN BY PERSONNEL OPERATING IN DEBT SERVICE.

NONE OF THEM HAVE DEBT SERVICE.

BUT AGAIN, THOUGH, AS YOU SEE THAT PERSONNEL COSTS ALWAYS TEND TO BE THE LARGEST WHEN IT COMES TO TO THE ENTERPRISE FUNDS SIMILAR STRUCTURE. IT'S JUST REMEMBER THAT WITH THE MONEY THAT IS GENERATED IN THOSE FUNDS STAYS IN THOSE FUNDS, CAN ONLY SUPPORT THOSE OPERATIONAL CAPITAL NEEDS FOR THOSE PARTICULAR DEPARTMENTS.

ALL RIGHT.

SO NOW I WANT TO GET INTO THE FUNDING REQUESTS.

WE ARE GOING TO LOOK AT GENERAL FUND AND THE OTHER FUNDS SEPARATE.

I'M GOING TO PRESENT THE SAME TYPE OF INFORMATION, BUT IT DOES LOOK A LITTLE BIT DIFFERENT.

SO FOR THE GENERAL FUND, OUR TOTAL REQUEST.

SO THIS IS JUST FISCAL YEAR 23, RIGHT? SO THIS IS NOT LONG TERM.

THIS IS JUST LOOKING AT THIS UPCOMING FISCAL YEAR.

TOTAL REQUESTS FOR THE GENERAL FUND IS $12.28 MILLION.

[00:10:02]

SO TOTAL REQUEST.

CURRENTLY, WHAT WE'RE LOOKING AT IS $12.8 MILLION CAPITAL DOES TAKE UP A LARGE PORTION OF THAT.

SO OF THAT 12.8, ABOUT $8 MILLION OR 65% ARE CAPITAL NEEDS THAT THE GENERAL FUND DEPARTMENTS ARE REQUESTING.

PERSONNEL IS ABOUT 2.4, WHICH IS ROUGHLY ABOUT 19%, AND OPERATING IS ABOUT 1.9 MILLION OR ABOUT 16%.

SO CAPITAL JUST IS IS YOUR LARGEST REQUEST OF THAT 12.8 MILLION, RIGHT.

OR THAT 12.3 MILLION? I'M SORRY. THESE ARE ALL UNFUNDED.

SO THERE IS NO FUNDING FOR THESE ITEMS. SO WE MAY BE HOPEFUL TO RECEIVE SOME GRANTS, BUT REMEMBER, HOW WE DO WORK WITH GRANTS IS THAT WE DO NOT CONSIDER AN ITEM UNTIL A GRANT IS ACTUALLY APPLIED FOR AND RECEIVED.

SO CURRENTLY 12.3, THAT IS UNFUNDED.

SO THAT WOULD BE YOUR UNASSIGNED MONEY THAT WE TALK ABOUT.

THAT IS REALLY WHAT YOU HAVE TO SPEND IT ON.

OF THAT 12.3, 1.7 ARE HIGH PRIORITY ITEMS. SO REMEMBER WHEN I TALKED EARLIER ABOUT YOU HAVE THAT THREE AND ONE HALF MILLION THAT WE ARE LOOKING AT RIGHT NOW AT A SURPLUS THAT DOES NOT INCLUDE 1.7 MILLION OF HIGH PRIORITY ITEMS. PREVIOUS FISCAL YEARS, WE ALLOWED THEM TO INCLUDE IT.

THIS YEAR THEY ARE REQUESTING IT 1.7 OF HIGH PRIORITY.

THAT MEANS NEW CONTRACTUAL OBLIGATIONS.

SO THAT MEANS YOU MAY HAVE ENTERED INTO A CONTRACT THIS YEAR THAT YOU MAY NOT INITIALLY HAVE TO PAY, BUT, YOU KNOW, A PAYMENT IS COMING DUE NEXT YEAR THAT HAS TO BE PAID OR ONGOING CONTRACTUAL OBLIGATIONS.

THAT MEANS THAT YOU MAY HAVE HAD AN INCREASE.

SO AS WE KNOW, EVERYTHING IS GOING UP.

SO THOSE CONTRACTORS AND VENDORS ALSO INCREASING THEIR PRICES.

BUT REMEMBER HOW WE MADE DEPARTMENTS DO THEIR BUDGET IS BASED ON WHAT YOU RECEIVE THIS YEAR.

SO IF YOU RECEIVE $30,000 TO PAY THAT VENDOR, THAT'S ALL YOU'RE GETTING NEXT YEAR.

IF THEY'RE CHARGING YOU 40,000, YOU HAVE TO ASK FOR THAT TEN OR IF YOU HAVE ANY MANDATED LOCAL, STATE OR FEDERAL REQUIREMENTS.

SO THAT'S WHEN I TALKED ABOUT THAT DREADED DROP SERVICE STATES.

WE SEE THAT A LOT IN FIRE AND POLICE WHEN THINGS LIKE RADIOS OR CERTAIN EQUIPMENT IS AT AN END OF USEFUL LIFE AND IT'S NO LONGER ABLE TO BE USED AFTER THAT TIME.

SO THAT WOULD FALL INTO THAT CATEGORY AS WELL.

SO THESE ARE ALL HIGH PRIORITY REQUESTS SO THAT THREE AND A HALF MILLION THAT WE HAVE TO SPEND, I SEE A LOT OF THINGS, BUT IDEALLY I WOULD LOVE TO SPEND DEDICATE THAT TO THAT BECAUSE THEY ARE HIGH PRIORITY AND THEY ARE NEEDS THAT HAVE TO BE PAID.

OF THAT 1.7, SO LET'S LOOK AT THAT HIGH PRIORITY 1.2 MILLION ARE FOR YOUR PUBLIC SAFETY DEPARTMENTS.

SO THAT'S FIRE AND POLICE.

ALL RIGHT. I AM BUILDING A CAPITAL IMPROVEMENT PLAN IS THE FIRST THING THAT WE'RE DOING.

WE HAVE A CAPITAL IMPROVEMENT PLAN, BUT IT'S NEVER BEEN THAT EXTENT.

SO RIGHT NOW WE HAVE ALL DEPARTMENTS HAVE SUBMITTED 23 ITEMS, 24 THROUGH 27 ARE ACTUALLY DUE TO OUR OFFICE BY FRIDAY.

SO I AM BUILDING A MASTER PLAN THAT WILL GO THROUGH THE ADOPTION ADOPTION PROCESS AS WELL.

AND I STARTED INCORPORATING SOME OTHER ITEMS THAT I WANTED TO DATE A SOURCE ON.

SO ONE ITEM THAT I THOUGHT WOULD BE A GREAT IDEA IS THIS THAT TELL ME WHAT TYPE OF CAPITAL ITEMS YOU ARE NEEDING? IS IT A HEALTH AND SAFETY MEANING THAT YOU KNOW YOU'RE GOING OUT AND IS IT TRULY A HEALTH AND SAFETY ITEM THAT WOULD BE A DETRIMENT TO TO THE CITY OR DETRIMENT TO THE RESIDENTS? IS IT AN ASSET PRESERVATION OR REPLACEMENT, MEANING THAT YOU'RE FIXING SOMETHING THAT'S EXISTING OR YOU'RE HAVING TO REPLACE SOMETHING THAT YOU ALREADY HAVE? OR IF IT'S A SERVICE ASSET EXPANSION OR ADDITIONS, IT'S SOMETHING NEW.

SO IT'S SOMETHING YOU HAVEN'T HAD IF IT'S A VEHICLE THAT YOU'RE REQUESTING AN ADDITIONAL ONE.

SO THAT WOULD FALL UNDER THAT.

SO I THOUGHT IT WOULD BE A GREAT IDEA TO KIND OF SEE WHAT WHAT KIND OF CAPITAL ITEMS DO DEPARTMENTS NEED.

AND OUT OF THAT 7.9 MILLION OF ASKS, 68% OR ABOUT 5.4 MILLION ARE SIMPLE ASSET PRESERVATION OR REPLACEMENTS.

SO I HYPOTHETICALLY SPEAKING IF THERE.

ASKING FOR VEHICLES.

THE MAJORITY OF THE ITEMS ARE REPLACING EQUIPMENT OR VEHICLES THAT REALLY SHOULD NO LONGER BE USEFUL AS TO COMPLETING COMPLETING THE JOB.

SO OUT OF THAT 7.9, THEY'RE ALL NOT NEW REQUESTS.

WE HAVE A FEW THAT ARE HEALTH AND SAFETY RELATED AND BUT THE MAJORITY OF THEM ARE SIMPLY MAINTAINING REPLACING CURRENT THINGS

[00:15:03]

THE NEXT SLIDE IS HAS THE SAME SETUP, BUT NOW WE ARE LOOKING AT OTHER FUNDS.

SO OTHER FUNDS ARE USUALLY ALL OF OUR ENTERPRISE FUNDS.

SO THE ONES WE JUST TALKED ABOUT, WHERE WE TALKED ABOUT UTILITIES, STORM WATER BUILDING, WE ALSO HAVE OUR BUILDING IN OUR WORLD PROGRAM PROJECTS THIS YEAR. SO THAT'S SOMETHING THAT WE'RE TRYING TO GET AHEAD OF.

INSTEAD OF OPENING THEM THROUGHOUT THE YEAR, WE'RE LOOKING AT PLANNING A LITTLE BIT FURTHER OUT.

SO IN TOTAL, THE REQUESTS LOOKS LIKE MY SLIDE AT THE TOP IS A LITTLE BIT OFF.

IT STILL SAYS 56 MILLION, BUT IT SHOULD BE 55.6 MILLION IN TOTAL.

THAT ACTUALLY NOW IT'S 56.9 MILLION IN TOTAL.

AND THEN THE RIGHT HAND SIDE IS ONLY YOUR CAPITAL NEEDS.

SO THAT'S WHERE THERE'S A LITTLE BIT OF A VARIANCE.

SO AS YOU SEE THE CAPITAL PORTION OF THAT 56.55, 6.9 MILLION, 55.6 MILLION IS ALL CAPITAL REQUESTS.

SO FROM ALL THOSE OTHER DEPARTMENTS LIKE UTILITIES AND PUBLIC WORKS, THAT MAN'S STORM WATER, SOLID WASTE, THE GEO ROAD PROGRAM BONDS, OUR BUILDING DEPARTMENT AND ALL OF THAT WE ARE LOOKING AT 98% OF THEIR REQUESTS ARE ONLY FOR CAPITAL.

RIGHT. SO IT'S VERY MINIMAL BETWEEN PERSONNEL AND OPERATING.

AND SO ONLY ABOUT 2%.

I DID THE SAME THING. WE'RE LOOKING AT HEALTH AND SAFETY AND ASSET PRESERVATIONS OR NEW NEW ADDITIONS, AND IT MIRRORS WHAT THE OTHER SLIDE PRETTY MUCH SAYS, THAT ABOUT 66% IS SIMPLY REPLACING WHAT WE ARE WHAT WE'RE NEEDING IN ORDER TO MOVE AHEAD.

SO YOU HAVE ASSET PRESERVATION OR REPLACEMENTS.

RIGHT. THE NEXT SET OF SLIDES, WE'RE GOING TO TALK A LITTLE BIT ABOUT OUR TAXABLE VALUES.

RIGHT? SO NOW WE TALKED ABOUT OUR BUDGET, WHAT DEPARTMENTS ARE REQUESTING, WHAT THEY LOOK LIKE.

SO LET'S GET INTO THE MEAT OF TAXABLE VALUES AND MILITARY RATES.

ALL RIGHT. THIS IS A TEN YEAR HISTORY OF OUR TAXABLE VALUES FOR THE CITY OF PALM BAY.

SO AS I ADDED THE FISCAL YEAR 2022, AGAIN, THESE ARE ONLY ESTIMATES JULY 1ST, I WILL BE REPLACING THAT WITH OUR NEW NUMBERS.

SO CURRENT YEAR ADJUSTABLE TAXABLE VALUE, WHICH IS THE FIRST COLUMN AFTER AFTER THE YEAR FOR 2022, WHICH IMPACTS OUR UPCOMING FISCAL YEAR.

AD VALOREM TAXATION IS $6.2 MILLION.

SO THAT IS ANYTHING THAT'S BEEN ON THE BOOKS FOR MORE THAN A YEAR.

SO THIS IS NOT NEW CONSTRUCTION.

SO ANYTHING THAT IS CURRENTLY WITHIN THE CITY OF PALM BAY AS YOUR AVERAGE OR TAXABLE VALUE CURRENT YEAR NEW TAXABLE VALUES IS SET IN NEW CONSTRUCTION THAT IS HIT.

THE TAX ROLL FOR ITS FIRST YEAR IS 330,000,330.5 MILLION.

SO THAT IS WHAT WE ALWAYS TALK ABOUT IS EXEMPT FROM THAT 3% CAP.

HOW WE SAY 3% CAP APPLIES TO YOUR ADJUSTED, TAXABLE OR CURRENT VALUE, THEN NEW CONSTRUCTION IS EXEMPT FROM THAT CAP FOR THE FIRST YEAR AND THAT'S HOW WE CALCULATE OUR AD VALOREM TAXATION.

THEN YOUR GROSS TAXABLE VALUE, WHICH IS THE LAST COLUMN, IS JUST ADDING BOTH TOGETHER, RIGHT? SO GROSS TAXABLE VALUE OF WHAT THE CITY, ACCORDING TO THE PROPERTY APPRAISER, IS WORTH FOR THE CURRENT YEAR FOUR.

THEY GO OUT BY CLOSE OF PREVIOUS CALENDAR YEAR.

BUT WHAT IT'S FOR THE 2022 TAXABLE YEAR IS WHICH IS $6.5 BILLION, ESSENTIALLY.

ALL RIGHT. SO AS YOU SEE, THERE'S BEEN A BIG SHIFT IN OUR NEW CONSTRUCTION, BIG SHIFT IN OUR ADJUSTED TAXABLE VALUE.

AND THAT'S WHAT I WANT TO KIND OF FOCUS ON WITH THE NEXT FEW SLIDES, BECAUSE WE'VE TALKED ABOUT IT A LITTLE BIT BEFORE, BUT I DEFINITELY WANT TO FOCUS ON THAT LARGE INCREASE THAT YOU'RE GOING TO SEE AND HOW THAT'S IMPACTING YOUR RATE GOING FORWARD UNDER THE 3% CAP.

I PUT THIS SLIDE TOGETHER AND I REMEMBER WHEN I THINK I DID THIS PRESENTATION TO THE CHARTER REVIEW COMMITTEE AND I DIDN'T HAVE THE LAST ROW YET OR THE LAST NUMBER, AND I SAID I KNEW THIS UPCOMING YEAR WE'RE GOING TO EXCEED IT OF OUR HIGHEST AND WE'RE FINALLY GOING TO BE BACK UP THERE.

AND I WAS RIGHT. BUT SO FOR WHAT YOU'LL SEE FOR FISCAL YEAR 2023, SO IS THAT 22 CALENDAR YEAR? IT IS THAT 6.5 BILLION IN TOTAL OF GROSS TAXABLE VALUE THAT WE JUST TALKED ABOUT OF WHAT THE CITY ESSENTIALLY TAXABLE VALUE IS WORTH.

[00:20:01]

IT'S TAKING US 15 YEARS TO RECOVER.

RIGHT? SO IT'S SLOWLY BEEN GOING UP.

BUT THERE'S DEFINITELY, AS YOU SEE, THAT THOSE LAST TWO LINES, IT'S BEEN A BIG SHIFT FROM THE PREVIOUS YEAR TO WHAT WE'RE LOOKING AT NOW.

THAT'S 6.5 BILLION.

SO SO IT'S A GOOD REFLECTOR, BUT IT HAS TAKEN US 15 YEARS TO ESSENTIALLY RECOVER FROM WHEN THE DECLINE HAPPENED IN 2008.

OKAY. LET'S TALK ABOUT OUR AD VALOREM RATE OPTIONS.

SO I DID HAVE THOSE DURING OUR SPECIAL COUNCIL MEETING, I BELIEVE, LAST WEEK.

SO THESE HAVE BEEN DISCLOSED, THIS ONE IN THE NEXT ONE.

SO ESSENTIALLY WHAT THIS IS, IT'S A COMPARISON OF THE CURRENT YEAR OF WHAT WE'RE BRINGING IN AND AD VALOREM TAXATION, WHAT OUR RATE IS, OUR FUTURE IDEAS OF WHERE WE WANT TO GO, IF WE WANT TO MAINTAIN, IF WE WANT TO DROP IT, IF WE WANT TO GO TO THE ORANGE HIGHLIGHTED ROW, WHICH IS OUR 3% CAP BASED ON THE ESTIMATED TAXABLE VALUES THAT HAVE COME IN OR IF WE'RE CHOOSING TO GO TO ROLLBACK.

ALL RIGHT. SO ESSENTIALLY, THOSE ARE THE RATE OPTIONS IN THE FIRST ROW OF FISCAL YEAR 22.

OUR CURRENT RATE IS 7.59995.

THAT IS THE 3% CAP FOR THE CURRENT YEAR.

SO WE DID MEET THAT GOAL AND WE ARE GENERATING BASED ON THAT AND BASED ON THE TAXABLE VALUES AT THAT TIME, $37.9 MILLION.

THAT IS THE ESTIMATE THAT WHAT YOU SHOULD BE GENERATING BASED ON THAT CALCULATION, IF WE WERE TO MOVE INTO THE NEXT FISCAL YEAR WITH THAT SAME RATE.

SO GENERALLY WHAT WE DO IS WE DO PROVIDE YOU THAT INFORMATION AS IF YOU HAVE THE CHOICE TO MAINTAIN BASED ON THE NEW TAXABLE VALUES THAT HAVE COME IN, YOU WOULD GENERATE $46.1 MILLION.

RIGHT. AND SO YOU'RE PROBABLY THINKING, WOW, THAT IS SUCH A BIG JUMP, RIGHT? WELL, THAT BIG JUMP DOES HAPPEN BECAUSE YOU HAVE 330 MILLION OF NEW TAXABLE VALUE THAT YOU'RE ADDING TO YOUR TAX ROLLS. SO REMEMBER WHEN WE LOOKED AT THAT AND WE SAY THAT NEW TAXABLE VALUE IS REALLY GREAT FOR THAT FIRST YEAR, RIGHT? BECAUSE IT IS EXEMPT FROM THE CAP FROM THE PREVIOUS YEAR, IT WAS ONLY A LITTLE OVER 205, 209 MILLION.

SO THAT WAS A SIGNIFICANT JUMP FROM THAT FISCAL YEAR 22 CALCULATIONS WE WENT THROUGH LAST YEAR TO WHAT WE'RE LOOKING AT THIS YEAR.

ALL RIGHT. THE NEXT COLUMN IS KIND OF JUST PROVIDE YOU WITH VALUATIONS OF WHAT IT WOULD BE AN INCREASE OVER THE CURRENT FISCAL YEAR.

SO I'LL JUST REVIEW THE FIRST ROW, BUT THEY ALL KIND OF FALL THE SAME THAT THAT 46.1 MILLION IS ABOUT AN $88.2 MILLION INCREASE FROM THE CURRENT YEAR.

ALL RIGHT. SO IF WE WERE TO JUST MOVE AHEAD WITH THAT RATE AND MAINTAIN SO WE ARE NOT INCREASING THAT RATE, BUT BECAUSE OF ALL THE TAXABLE VALUES THAT HAS COME IN OR THAT HAS BEEN COMING TO THE BOOKS, WHETHER IT'S NEW TAXABLE VALUE FROM LAST YEAR THAT'S HITTING THE BOOKS UNDER THE CURRENT YEAR OR THAT NEW CONSTRUCTION, THAT IS WHAT YOU'RE LOOKING AT GENERATING.

WE ALWAYS GIVE SOME OPTIONS IN BETWEEN DOWN TO THE 3% CAP, WHICH IS THE ORANGE HIGHLIGHTED ROW.

SO AS YOU CAN SEE, WE HAVE PROVIDED FOR ANYTHING FROM 7.3, 7.1 OR 6.9.

THEY GO OUT FOR NUMBERS.

SO I COULD COME UP WITH NUMBERS ALL DAY LONG.

SO WE KIND OF TRY TO KEEP THEM SIMPLE, BUT SO THAT KIND OF TELLS YOU WHAT THE ESTIMATED REVENUE WOULD BE.

WE DO FALL UNDER THE 3% CAP.

SO I DO HAVE TO GENERATE THAT FOR YOU.

BASED ON THE ESTIMATED PRELIMINARY VALUES, OUR 3% CAP RATE WOULD BE 6.7947.

THAT MEANS THAT BASED ON THE TAXABLE VALUES IN THAT RATE, WE WOULD BE GENERATING APPROXIMATELY $41.3 MILLION, WHICH IS AN INCREASE OF ABOUT $3.4 MILLION FROM THE CURRENT YEAR.

ALL RIGHT. SO FROM THE CURRENT YEAR TO WHAT WE'RE LOOKING AT, FISCAL YEAR 23, IF THESE WERE FINAL NUMBERS, BUT THEY ARE PRELIMINARY, WE ARE LOOKING AT INCREASING OUR REVENUE BY ABOUT $3.4 MILLION.

BUT YOUR 3% CAP RATE WOULD HAVE TO DROP TO 6.7947.

BEFORE I TALK ABOUT THE ROLLBACK A LITTLE BIT, LET'S TALK A LITTLE BIT ABOUT THAT RATE.

SO THERE'S A SIGNIFICANT DROP FROM FISCAL YEAR 22, WHICH WE'RE CURRENTLY IN, WHICH IS 7.5995 TO FISCAL YEAR 23.

RIGHT. THE REASON WHY THAT IS, IS BECAUSE ALL THE NEW TAXABLE VALUE THAT YOU'RE ADDING TO THE ROLL

[00:25:01]

BUT AS SOON AS IT HITS YOUR CURRENT TAXABLE VALUE THAT SECOND YEAR, IT IS NOW SUBJECT TO YOUR 3% CAP.

SO THE MORE CONSTRUCTION THAT YOU HAVE HITTING THE ROLL.

THE MORE THE FOLLOWING YEAR, YOU HAVE TO SPREAD OUT YOUR REVENUE.

AND IF YOU ARE CAPPING YOUR REVENUE SAYING I CANNOT TAKE IN MORE THAN THIS.

RIGHT? BUT I HAVE SO MUCH MORE TAXABLE VALUE, SO MANY MORE HOMEOWNERS THAT WE'RE TAXING, THEN ESSENTIALLY I'M HAVING TO TAX THEM AT A MUCH LOWER RATE BECAUSE I CANNOT GENERATE MORE THAN THIS AMOUNT I CAN.

ANOTHER EXAMPLE WOULD BE, FOR EXAMPLE, THAT I SOMETIMES LOOK AT WHO WAS RIGHT.

SO LIKE WITH WHO WAS SOME OF US PAY A SUM, A LOT OF WHO WAS MULTIPLE TIMES A YEAR, SOME OF US DON'T.

BUT HOW WAS WORK? IS THAT EACH PROPERTY OWNER WITHIN THAT HOA PAYS A SET AMOUNT RIGHT, REGARDLESS OF THE SIZE OF YOUR HOME.

SO WHETHER YOU OWN A THREE BEDROOM OR FOUR BEDROOMS, THAT SIZE IS SQUARE FOOTAGE A LOT.

I PAY $100 A YEAR.

RIGHT. WHETHER THERE'S 50 HOMES, 40 HOMES, THEY ALL PAY $100 A YEAR.

AND THAT GETS GENERATED TOWARDS THE HOA.

THEY DON'T HAVE A CAP.

SO FOR THEM, THE MORE HOMES THAT ARE IN THAT WAY, THE MORE MONEY THEY GENERATE BECAUSE EACH PERSON PAYS $100.

OF COURSE, WE DON'T CHARGE EVERY HOMEOWNER THE SAME OUT OF TAXATION.

WE DO THAT BASED ON THE RATE AS A MULTIPLIER OF WHAT YOUR HOME IS WORTH.

SO INDIVIDUALS WHOSE HOME VALUE IS LESS, THEY DO PAY LESS IN ANNUAL TAXES THAN SOMEONE WHO HAS A BIGGER HOME.

SO THAT'S WHY THESE RATES ARE SO IMPORTANT.

SO NOW LET'S SAY THAT THE HOA SAYS, WELL, I CANNOT TAKE IN MORE THAN 3% IN THE NEXT YEAR.

RIGHT. SO THEY SAID NO MATTER HOW MANY HOMES ARE IN THE WAY, I'M NOT MAKING MORE THAN 3% FROM THE PREVIOUS YEAR.

RIGHT. WITH THE GROWTH THAT'S HAPPENING, SOME NEIGHBORHOODS GO FROM 50 HOMES TO 100 HOMES.

IT FEELS LIKE IT SEEMS LIKE IT'S IN A MATTER OF WELL, I KNOW THE CONSTRUCTION IS A LITTLE BIT OF A LAG, BUT THEY'RE JUST POPPING UP EVERYWHERE.

SO THE FOLLOWING YEAR, THAT HOA NOW HAS 100 HOMES VERSUS THOSE 50 HOMES IN THE PREVIOUS YEAR.

BUT THEY SAID, WELL, I'M ONLY GOING TO TAKE IN AN ADDITIONAL 10,000 IN REVENUE.

RIGHT. WELL, NOW YOU HAVE TO DO A MATH.

NOW, I'M NOT CHARGING EVERYONE $100 ANYMORE, BECAUSE IF I WERE TO CHARGE EACH EACH HOME A SET AMOUNT, I'M GOING TO BRING IN MORE THAN WHAT I'M SUPPOSED TO.

RIGHT. I HAVE TO REDUCE WHAT I'M CHARGING YOU BECAUSE I CAN'T TAKE ANYMORE.

HEY, IF SOMEONE BUILDS ANOTHER HOME, ANOTHER HOME, ANOTHER HOME, YOU CONTINUOUSLY HAVE TO CHARGE THEM LESS BECAUSE YOU ARE NOT ALLOWED TO BRING IN MORE MONEY THAN WHAT YOUR POLICY SAYS.

AND THAT IS WHAT IS HAPPENING OF WHY OUR RATE CONTINUES TO DECREASE.

SO SORT OF TIE IT TO THAT.

YOU'RE NOT PAYING 100 IN YOUR HOMES ANYMORE.

I'M NOW ONLY PAYING 90 BECAUSE THERE'S 50 OTHER HOMES THAT THEY'RE ABLE TO CHARGE BECAUSE THEY CAN'T TAKE IN MORE THAN THAT.

RIGHT. THE ONLY WAY WE CONTROL THAT IS THROUGH THE RATE.

SO THE SO I KNOW YOU RAISED YOUR HAND.

SO GO AHEAD. I LOVE THE EXAMPLE YOU JUST GAVE BECAUSE I LIVE IN THEIR HOME.

SO DO I. SO.

SO A NEW CONSTRUCTION, A $350,000 HOME WILL PAY LESS TAXES THAN A $200,000 HOME THAN THAT'S WHAT YOU'RE SAYING UNDER THIS 3% CAP.

IT'S NOT THAT THE $300,000 HOME THAT EVERYBODY PAYS LESS TAXES, ESSENTIALLY.

SO THAT WITH A HOA.

OF COURSE, THEY THEY DON'T HAVE A MULTIPLIER LIKE WE DO.

THAT'S A LOT OF MATH FOR THEM.

SO THEY KEEP THE RATE THE SAME FOR SOMEONE WHO HAS A $300,000 HOME VERSUS A 200,000.

WE JUST CHANGED THEIR RATE BASED ON THAT VALUE.

BUT ESSENTIALLY, EVERYBODY CONTINUES TO PAY LESS GOING FORWARD BECAUSE IT'S LIMITING THE HOA WITH HOW MUCH THEY'RE ABLE TO TAKE IN.

I UNDERSTAND THAT PART, BUT IF I HAVE A HIGH VALUE HOME THAN MY NEIGHBOR DOWN THE STREET.

MM HMM. YOU KNOW, ANOTHER SECTION OF THE SUBDIVISION OF THE HOME.

THAT HOME MIGHT BE VALUE OF 3.75.

I GOT IN MY HOUSE AT 250.

AND HE'S GOING TO BE PAYING HE CAN'T PAY NO MORE THAN I'M PAYING RIGHT NOW BECAUSE OF.

JUST THIS 3% CAP IS.

[00:30:01]

WELL, OKAY.

SO YOU HAVE TO LOOK AT IT.

IS IS THAT WHERE LIMITING THE CITY ON HOW MUCH REVENUE WE CAN BRING IN? RIGHT. SO WHAT WE DO IS WE HAVE THE RATE THAT IS APPLIED TO YOUR TAXABLE VALUE OF YOUR HOME AND ALSO DEPENDS ON HOW MANY EXEMPTIONS YOU HAVE.

RIGHT. AND THAT RATE IS BASED ON THE TAXABLE VALUE.

IT'S THE SCHOOL AMOUNT, TAXABLE VALUE OF WHAT THE PROPERTY APPRAISER SAYS.

AND IT'S A SIMPLE MULTIPLIER.

SO IT'S NOT NECESSARILY THAT SOMEONE WITH A $300,000 HOME PAYS LESS THAN WITH A $200,000 HOME.

THE MORE PEOPLE THAT ARE BUILDING IN THAT NEIGHBORHOOD, HYPOTHETICALLY, THEY GO AWAY BECAUSE THEY HAVE A LIMIT ON HOW MUCH THEY CAN TAKE IN.

THEY HAVE TO REDUCE EVERYONE'S FEES REGARDLESS OF WHAT TYPE OF HOME, LET'S SAY THAT YOU HAVE BECAUSE THEY ARE NOT ABLE TO TAKE MORE IN HOA FEES COMING IN BECAUSE IT WOULD PUT THEM OVER WHAT THEIR WHAT THEIR ALLOWABLE CAP IS.

SO THE MORE CONSTRUCTION THAT HAPPENS, THE MORE THE HOA HAS TO SPREAD OUT WHAT THEY'RE GETTING.

AND IT CONTINUOUSLY REDUCES WHAT A HOMEOWNER WOULD PAY BECAUSE 3%, WHEN YOU'RE LOOKING AT THE ENTIRETY, IS A SMALL AMOUNT COMPARED TO THE PERCENTAGE OF HOMES THAT ARE GOING IN.

SO IF YOU HAVE A GROWTH OF 10% IN THAT NEIGHBORHOOD, BUT YOU'RE ONLY TAKING IN A 3% INCREASE IN REVENUE, THEN THAT VALUE OF WHAT YOU'RE PAYING ON THOSE WAS SIGNIFICANTLY REDUCES BECAUSE I MYSELF MAY ONLY HAVE TO PAY A PORTION AND SO DO MY NEIGHBORS BECAUSE THE HOME SAYS I CAN'T TAKE MORE OF WHAT OF YOUR REVENUE BECAUSE I'M CAPTIVE, WHAT I'M ALLOWED TO BRING IN.

SO IT'S NOT NECESSARILY THAT THAT YOUR VALUE OF YOUR HOME YOU'RE PAYING MORE IS OVERALL THE WHOLE WHO WOULD BE PAYING LESS TO FUND WHAT THEY EACH WAY WOULD NEED.

THIS IS HAPPENING ALL OVER OUR CITY RIGHT NOW.

WELL, YES. SO THE REASON WHY I KIND OF SHOW THE PREVIOUS SLIDE IS THIS.

SO, YOU KNOW, YOU HAVE THAT.

LET'S GO.

LET'S GO TO THAT SIDE. SO YOUR PALM BAY TAXABLE VALUES, THE LITTLE BUTTON WORK.

ALL RIGHT, SO WHEN YOU'RE LOOKING AT A YEAR, 20, 21 ON YOUR PALM BAY TAXABLE VALUE, A LITTLE CHART IN YOUR BAR GRAPH THAT YOU HAVE, SO YOU SEE THAT 208 MILLION OF NEW TAXABLE VALUE.

WE ARE REAPING BENEFIT FROM THAT THIS FISCAL YEAR ACTUALLY.

WELL, FOR FISCAL YEAR 23, THAT $208 MILLION IS NOW PART OF YOUR CURRENT TAXABLE VALUE.

SO THAT 208 MILLION FOR THE NEXT YEAR THAT WE'RE MOVING IN IS NOW BEING TAXED AT THE 3%.

SO YOUR CURRENT YEAR ADJUSTED TAXABLE VALUE, WHICH IS EVERYTHING THAT'S BEEN ON THE BOOKS FOR MORE THAN A YEAR, IS SIGNIFICANTLY GROWING. BEING SUBJECTED TO A 3%, MEANING THAT YOU HAVE TO SIGNIFICANTLY LOWER YOUR RATE BECAUSE YOU'RE ESSENTIALLY YOUR TAXABLE VALUE IS INCREASING AT A HIGHER RATE THAN WHAT YOU'RE BRINGING IN.

I DO ANTICIPATE JUST TO KEEP THAT 330 MILLION IN NEW TAXABLE VALUE THAT THAT WE'RE GOING TO TALK ABOUT.

KEEP THAT IN MIND, BECAUSE THAT'S GOING TO COME BACK UP.

ALL RIGHT. SO WE ARE LOOKING AT A REDUCTION FROM THE 7.5995 RATE TO THE 6.7947. SO THAT IS A 0.8 APPROXIMATELY 0.8 REDUCTION IN A RATE TO MAINTAIN THAT 3%. THE REASON WHY THAT'S HAPPENING IS BECAUSE THAT 220 MILLION THAT YOU HAD IS NOW SUBJECTED TO YOUR 3%. FOR FISCAL YEAR 23, WE ARE ADDING $330 MILLION TO NEW CONSTRUCTION. SO THAT IS ABOUT ONE AND ONE HALF TIMES OF WHAT WE DID FOR THIS YEAR DURING LAST YEAR'S PREPARATIONS.

WHICH AT FIRST YOU THINK THAT'S GREAT, RIGHT? IT'S EXEMPT FROM THE CAP.

WHICH WHICH IS IT'S A GOOD THING.

IT'S EXEMPT FROM THE CAP.

AND IT SHOWS THAT THE CITY IS GROWING IN ALL SORTS OF ASPECTS, WHETHER IT'S RESIDENTIAL, COMMERCIAL, AND WE'RE DIVERSIFYING OUR BASE.

AND THAT'S GREAT. BUT REMEMBER, FISCAL YEAR 24 WILL COME AT 330 MILLION.

IF THE 3% CAP CONTINUES, WILL GO TO YOUR ADJUSTED CURRENT TAXABLE VALUE AND WILL BE SUBJECTED TO THE 3%.

FISCAL YEAR 23 ROLL BACK RATE.

[00:35:05]

WITH THE ESTIMATES, IT'S PROJECTED TO BE 6.6060.

WHAT A ROLLBACK RATE IS.

SO A ROLLBACK RATE.

LET ME JUST GET THE WORDING RIGHT, BECAUSE I DON'T WANT THAT TO PERCEIVE DIFFERENT.

BUT A ROLLBACK RATE MEANS THAT THE TAX THAT'S GENERATES THE TAX NUMBER THAT'S LISTED GENERATES THE SAME GENERAL FUND REVENUE ONE YEAR AS IT DID THE PREVIOUS YEAR.

RIGHT. SO YOU MAY THINK, WELL, THAT 40 MILLION IS HIGHER THAN 37.

REMEMBER, WE HAVE MORE HOMES.

YOU'RE SPREADING IT OUT.

RIGHT? SO HOMEOWNERS SHOULDN'T PAY MORE, BUT YOU HAVE MORE PEOPLE PAYING.

SO GENERALLY, YOUR ROLLBACK RATE, YOUR REVENUE WILL BE SLIGHTLY HIGHER THE FOLLOWING YEAR BECAUSE OBVIOUSLY YOU ARE TAXING MORE PEOPLE. FOR FISCAL YEAR 23, THE 3% CAP RATE IS PROJECTED AT 6.7947. THE ROLLBACK IS AT 6.6060.

THAT IS WITH AN IMPACT OF 205 210 MILLION OF NEW CONSTRUCTION.

GOING INTO FISCAL YEAR 24 IF THE 3% CONTINUES.

I ANTICIPATE YOUR REDUCTION IN THE MILITARY TO BE MORE THAN ONE MIL AND TO PUT IT SIGNIFICANTLY LOWER THAN ROLLBACK.

I OUR BUDGET ADMINISTRATORS WITHIN THE COUNTY, WE HAVE A GOOD RAPPORT.

WE DO A LITTLE BACK TO BACK ON.

WHAT ARE YOU PROPOSING? WHAT ARE YOU ADOPTING? I KNOW OF NO OTHER MUNICIPALITY IN OR NO OTHER TAXING ENTITY IN BREVARD COUNTY THAT EVEN WOULD CONSIDER GOING BELOW ROLLBACK. SOME OF THEM GO TO ROLLBACK, WHICH IS GREAT.

THAT WOULD BE THE GOAL IS THAT YOU'RE ABLE TO SUSTAIN, YOU'RE ABLE TO FUND WHAT YOU NEED WITH A ROLLBACK RATE.

THAT'S WHY YOU WANT A LARGE TAX BASE.

THE LARGER YOUR TAX BASE, THE BETTER CHANCES ARE OF SUSTAINING AND FUNDING YOUR NEEDS AT A ROLLBACK RATE.

BUT WITH A PROJECTION THAT I SEE OF WHAT THAT 200 MILLION DID IN THIS CALCULATION OF A 0.8.

GOING INTO FISCAL YEAR 24, I ANTICIPATE IT TO BE LARGER THAN ONE MIL AND TO GO SIGNIFICANTLY LOWER THAN ROLL BACK.

LET'S TALK A LITTLE BIT BEFORE I GO TO THE NEXT SLIDE ABOUT.

LET ME HAVE IT HIGHLIGHTED THE NEXT ONE.

SO I DON'T WANT TO JUMP AHEAD.

LET'S TALK A LITTLE BIT ABOUT REGULATORY REQUIREMENTS.

WE HAVE IT ON THE NEXT SLIDE.

SO THAT'S WHY I WANTED TO MAKE SURE I HAVE IT.

SO THIS SLIDE JUST SHOWS YOU A LITTLE BIT A DIFFERENT VIEW, BUT ESSENTIALLY JUST HIGHLIGHTS IT A LITTLE BIT GOING FROM FROM CURRENT YEAR TO THE FOLLOWING YEAR, SAME DATA, JUST CALCULATING IT A LITTLE BIT DIFFERENT ON WHAT YOUR INCREASES AND DECREASES WOULD BE.

SO LET'S TALK A LITTLE BIT ABOUT JUST STATUTES, RIGHT? SO WE ARE I WOULD LIKE TO SAY WE ARE UNIQUE THAT THE CITY OF PALM BAY DOES OPERATE UNDER THE 3% CAP.

I, I DON'T KNOW, OUTSIDE OF THE COUNTY OF ANY OTHER MUNICIPALITY OR TAXING AUTHORITY IN THE STATE OF FLORIDA THAT DOES HAVE THAT.

BUT WE DO.

SO WE DO HAVE A FLORIDA STATUTE THAT WE ARE ABIDED BY, PLUS WE ARE ABIDED BY OUR CHARTER AND WHAT'S IN PLACE CURRENTLY.

SO WE ABIDE BY UNDER FLORIDA STATUTE 200.065.

SO THERE ARE METHODS OF FIXING YOUR MILLAGE.

SO YOU HEAR A LOT OF TERMS ABOUT A TEN MILL, LIKE TEN MILL IS THE CAP.

YOU CAN'T GO ABOVE A TEN MILL.

RIGHT. SO THAT IS REGULATORY WISE.

WE CAN'T TAX ABOVE A RATE AND SET IT AT HIGHER THAN TEN.

SO THAT IS A FLORIDA STATUE.

THE OTHER FLORIDA STATUE REQUIREMENT THAT MAYBE A LOT OF MUNICIPALITIES MAY NOT HAVE NECESSARILY HAVE TO WORRY ABOUT BECAUSE THEY DON'T TEND TO THEY REDUCE. THAT'S THE GOAL IS TO GET TO ROLLBACK, BUT THERE'S NOT THAT SIGNIFICANT REDUCTION THAT WE ARE LOOKING AT.

SO WITHIN THAT FLORIDA STATUE, WE ALSO HAVE A REQUIREMENT OF HOW MUCH YOU CAN INCREASE ANNUALLY.

SO YOU MAY SEE WHY CAN'T GO ABOVE TEN MILLS.

WELL, THAT'S THAT'S OKAY.

RIGHT. THAT'S THAT'S THAT STATUTE.

WE'RE NOT ANYWHERE CLOSE TO THAT.

BUT THERE'S ALSO A REQUIREMENT THAT WE HAVE TO MEET ANNUALLY.

THE FURTHER YOU GO DOWN SO THE FURTHER YOU REDUCE YOUR RATE.

RIGHT. THAT FOLLOWING YEAR THEY PLACE RESTRICTIONS ON YOU AND HOW MUCH YOU CAN ACTUALLY INCREASE IT.

IT IS BASED ON YOUR ROLLBACK RATE, SO THEY DO ADJUST IT.

[00:40:01]

THE STATE DOES. SO EVEN THOUGH WE PUBLISH OUR ROLLBACK, IT DOESN'T EXACTLY MATCH WHAT COMES IN SEPTEMBER.

THEY DO ADJUST IT BASED.

THERE'S SOME VALUATIONS THAT COME IN LATER, BUT IT IS ESSENTIALLY BASED ON THAT, RIGHT? IT'S A MULTIPLIER.

SO IT'S USUALLY 11.

TO 1.1.

SO IT'S 10% ABOVE CURRENT.

SO THERE'S A MULTIPLIER EFFECT THAT GOES INTO EFFECT.

IT'S ALSO BASED ON HOW IT'S VOTED.

YOU HAVE A UNANIMOUS VOTE OR A TWO THIRDS VOTE.

SO THERE'S A LOT OF INS AND OUTS ABOUT IT.

BUT DO REMEMBER THAT JUST BECAUSE WE HAVE THAT TEN MILL MAX, YOU ALSO HAVE A RESTRICTION ON HOW MUCH YOU CAN INCREASE EVERY YEAR.

ALL RIGHT. LET'S LOOK AT FISCAL YEAR 22 AS AN EXAMPLE, BECAUSE THOSE NUMBERS ARE ACTUALS.

OUR ADJUSTED ROLLBACK RATE FOR THE CURRENT FISCAL YEAR IS 8.2 TO 0 FOUR.

YOU SEE THAT DIFFERENCE FROM WHAT WE'RE LOOKING AT FOR NEXT YEAR.

SO THAT ACTUALLY MEANS THAT IF WE'RE GOING INTO THE NEXT YEAR BY A MAJORITY OF VOTE, YOU ACTUALLY CANNOT INCREASE YOUR RATE HIGHER THAN AN 8.5846.

OR IF IT'S A TWO THIRD MAXIMUM VOTE RATE, IT'S AN 8.4431.

YOU WOULD THINK IT'S THE OTHER WAY AROUND THAT IF YOU HAVE A UNANIMOUS VOTE THAT YOU CAN GET HIGHER.

BUT THAT IS HOW IT IS WRITTEN IN THE LAW.

SO ESSENTIALLY WHAT THAT MEANS, THE MORE YOU REDUCE YOUR RATE.

EIGHT, WHETHER IT IS PER 3% CAP PER CHARTER REQUIREMENTS PER CHOICE.

JUST REMEMBER THE FOLLOWING YEAR, YOU CANNOT COME OUT AND SAY IF WE WERE TO HYPOTHETICALLY ADOPT THAT 6.7947.

IF WE GO INTO THAT DIRECTION, IF HYPOTHETICALLY THE THE 3% CAP WAS VOTED ON, THAT IT WOULD BE TO BE ELIMINATED.

YOU CANNOT COME IN AND GO TO AN 88.08.5.

THERE ARE STATUTORY RESTRICTIONS THAT ARE PUT IN PLACE BASED ON WHAT YOU'RE ACTUALLY ADOPTING.

RIGHT. THE LARGER YOUR TAX BASE GETS.

THE LOWER YOUR RATE WILL GO AS IT CONTINUES TO HAPPEN.

THAT'S ALL GETS TAKEN INTO CONSIDERATION ON THE RATES FOR THE FUTURE.

RIGHT. THE LOWER YOUR RATE GOES, THE HARDER IT IS TO COME BACK OUT.

SO ALWAYS REMEMBER THAT WHEN WHEN YOU'RE LOOKING AT THESE RATES.

RIGHT. AGAIN, REMEMBER, THAT'S 330 MILLION THAT WE ARE SEEING.

IT'S GREAT. BUT YOU HAVE TO THINK OF FISCAL YEAR 24, 25, 26 ON ALL THE ITEMS THAT ARE NEEDED TO BE SUSTAINED AND ALL THE STATUTORY REQUIREMENTS AS FAR AS WHAT YOU'RE ACTUALLY ABLE TO ADOPT.

THIS IS JUST ANOTHER SLIDE WHERE WE CAN LOOK AT SOME COMPARISON.

SO WE JUST TALKED ABOUT WHAT IF WE WANTED TO MAINTAIN OUR CURRENT RATE OF 7.5995, WE WOULD GENERATE THAT 46.2 MILLION IF WE WERE TO GO TO THE 3% CAP OF THAT 6.7947, WE ARE GENERATING ABOUT 41.3.

SO THAT'S ABOUT A $4.8 MILLION DIFFERENCE.

THAT DOES NOT MEAN WE WILL ADOPT EITHER ONE OF THOSE RATES BECAUSE THE 3% CAP, IT'S ONLY BASED ON AN ESTIMATE.

BUT THIS IS A HYPOTHETICAL, RIGHT? SO THIS IS WHAT WE WOULD BE LOOKING AT ON THAT 4.8 MILLION ON WHAT WOULD YOU BE ABLE TO FUND? BECAUSE IT'S A IT'S A LOT OF NUMBERS, IT'S A LOT OF DATA.

BUT DO REMEMBER, WE HAVE THOSE HIGH PRIORITY ITEMS OF THAT 1.7 MILLION.

NOW, I KNOW WE TALKED EARLIER ABOUT WHAT I'M ALREADY PROJECTING.

WE'RE RIGHT NOW AT ABOUT A SURPLUS OF 3.5.

SO AT 1.7, YOU MAY BE ABLE TO ABSORB IN THAT VARIANCE DEPENDING ON WHAT WHAT ITEMS COME IN AT.

BUT WE HAVE SOME HIGHER TICKET ITEMS, RIGHT? SO AT THE PAST SPECIAL COUNCIL MEETING, WE DID TALK ABOUT OUR NEEDS.

SO WE TALK ABOUT CONSTRUCTION OF FIRE STATIONS.

I'M GIVING YOU NUMBERS FOR ONE FIRE STATION.

WE ARE IN THE NEED FOR 3 TO 4, SO JUST MULTIPLY THAT.

BUT CONSTRUCTION OF ONE FIRE STATION IS ABOUT $4 MILLION AND IT DOES TAKE 12 FULL TIME INDIVIDUALS TO STAFF ONE FIRE STATION 24 SEVEN, WHICH IS IN PERSONNEL COSTS, ABOUT $1.1 MILLION.

SO FIREFIGHTERS PROBABLY A LITTLE BIT EVEN HIGHER THAN POLICE OFFICERS.

BUT GENERALLY, YOUR PUBLIC SAFETY PERSONNEL COSTS MUNICIPALITIES A LITTLE BIT MORE BECAUSE THEIR PENSION REQUIREMENTS AND THEY HAVE CERTAIN NEEDS WITHIN THEIR CONTRACTUAL REQUIREMENTS THAT OTHER OTHER INDIVIDUALS DON'T HAVE.

SO 5.1 MILLION FOR ONE STATION.

THE PLAN OR THE GOAL THE DESIRE IS TO DO THAT.

WE DO ARE IN A NEED OF 3 TO 4.

RIGHT. SO THAT'S WHAT WE'RE LOOKING AT.

WE ALSO TALKED AT THE SPECIAL COUNCIL MEETING OF ADDING 12 NEW POLICE OFFICERS.

[00:45:01]

REMEMBER, WE TALK ABOUT THAT GROWTH.

SO YOU HAVE TO HAVE THAT PUBLIC SAFETY PERSONNEL TO SUPPORT THAT GROWTH.

THAT WOULD BE 1.9 MILLION OF JUST ADDING 12 POLICE OFFICERS TO YOUR STAFF.

WITH POLICE OFFICERS, THAT DOES INCLUDE A VEHICLE.

SO RECURRING COSTS THEREAFTER YOU PROBABLY ABOUT 50,000 LESS.

BUT THAT INITIAL INVESTMENT WOULD BE A OBVIOUSLY INCLUDED VEHICLE.

ALL RIGHT. SO OF COURSE, I DO PUT THAT DISCLAIMER THE ABOVE OUR EXAMPLES OF WHAT GOALS WE COULD ACHIEVE BECAUSE THESE ARE KNOWN ITEMS, ESPECIALLY WITH A HIGH PRIORITY.

OR WE CAN LOOK AT THE CAPITAL LIST OF THAT 7.9 MILLION OF ALL THOSE CAPITAL NEEDS THAT WE NEED.

AND PLEASE DO KNOW THAT WE ALSO HAVE AN H WHITE AND BLUE UNION CONTRACTS WHO ARE ABOUT TO OPEN UP.

AND WE ALSO HAVE A SALARY STUDY PENDING WHICH WE DO NOT HAVE ANY DATA FOR AT THE MOMENT YET.

SO THAT IS ALSO ALSO COMING.

SO THIS IS JUST ANOTHER VISUAL OF WHAT YOUR 3% CAP AND YOUR MILITARY LOOK LIKE.

SO EVERYTHING IN GRAY REALLY UP UNTIL 2020 IS WHAT WE ADOPTED.

SO DO REMEMBER THAT THE 3% CAP WAS VOTED ON IN 2016, WHICH WAS FISCAL YEAR 17, WENT INTO EFFECT 18.

SO THERE'S A LAG TIME.

SO JUST BECAUSE YOU VOTE ON SOMETHING AT THAT PARTICULAR TIME, IT DOES NOT GO INTO EFFECT RIGHT AWAY.

THERE'S A LAG. THERE'S DEFINITELY A LAG TIME.

SO THOSE FIRST TWO YEARS, WE DID EXCEED THE CAP.

SO AS YOU SEE, BUT THEN EFFECTIVE FISCAL YEAR 2020, WE DID MEET OUR CAP.

AND THEN AS YOU SEE THAT LAST YEAR, THERE IS A DRASTIC DECLINE.

SO AS FAR AS THE 3% CAP, I KNOW THAT WE ARE LOOKING AT AT THE SPECIAL COUNSEL MEETING THAT IT POSSIBLY TOOK GOING OUT TO VOTE. AS FAR AS ELIMINATING THAT, ALWAYS REMEMBER THAT THERE IS A LAG TIME.

SO IF THEY'RE VOTING FOR THAT IN NOVEMBER, THAT WILL NOT IMPACT US.

THAT WILL NOT IMPACT ANY OF THESE NUMBERS.

RIGHT. SO CURRENTLY IMPACT PREPARATION FOR FISCAL YEAR 23 IS BASED ON THE CAP.

AND THEN IF HYPOTHETICALLY SPEAKING, IF THERE WERE TO BE A CHANGE, IF IT'S ELIMINATION, IT'S NOT ELIMINATION, THEN THAT WE WILL NOT CONSIDER THAT UNTIL FISCAL YEAR 24.

SO DURING NEXT YEAR'S PREPARATIONS, WHEN WE SIT DOWN AND TALK ABOUT THAT, WE'LL WE'LL LOOK AT THAT.

SO THIS IS JUST A VISUAL TO SHOW YOU OVER A TEN YEAR HISTORY OF WHERE OUR MILITARY RATES HAVE BEEN WITH THE CITY.

SO THIS IS A SLIDE THAT I DID ADD.

SO YOU DO HAVE IT IN YOUR POCKET? I HAVE IT IN THE PRESENTATION.

IT IS NOT IN THE AGENDA.

BUT LIKE I MENTIONED IS, IS THAT I WILL ADD THAT TO OUR BUDGET WEBSITE.

SO IF YOU GO TO PALM BAY, FLORIDA DOT ORG, YOU GO TO FINANCE AND GO TO BUDGET UNDER BUDGET PREPARATIONS.

I WILL POST THIS ALONG WITH A LINK TO THE PRESENTATION THAT WE'RE DOING TONIGHT OF THAT BEING RECORDED.

SO YOU DO HAVE ACCESS TO IT.

I JUST IT WAS ONE OF THOSE LAST MINUTE THINGS THAT WE HAD ADDED ACTUALLY USE THIS PRETTY FREQUENTLY.

NOT SURE WHY I DIDN'T ADD IT INITIALLY, BUT WE WENT AHEAD AND WENT THROUGH IT TODAY AND WE SAID, LET'S GO AHEAD AND ADD THAT.

SO THAT WAY YOU TRULY HAVE A VISUAL.

SO WE TALKED A LOT ABOUT FROM THE CITY'S PERSPECTIVE ON WHAT WE WOULD BE GENERATING BASED ON RATES.

WELL, NOW LET'S LOOK AT IT OF WHAT A TAXPAYER WITHIN THE CITY OF PALM BAY AN ESTIMATE OF WHAT TAX THEIR TAX BILL MAY LOOK LIKE. SO FINDING IT'S SORT OF A JUST A BASIC CALCULATION IS IS THAT IT'S YOU GO TO THE PROPERTY APPRAISER'S OFFICE AND YOU GO TO PROPERTY SEARCH, YOU LOOK FOR YOUR PROPERTY, AND THEN WHAT YOU'RE LOOKING AT IS YOUR TAXABLE VALUE NON SCHOOL AMOUNT.

SO USUALLY THEY GIVE YOU A WHOLE LOT OF LISTS, BUT THERE ARE EXEMPTIONS THAT DO APPLY.

SO YOU'RE REALLY NEVER TAXED ON THE FULL VALUE OF THAT PROPERTY.

THERE ARE EXEMPTIONS, SO YOU'RE LOOKING FOR THE TAXABLE VALUE NON SCHOOL AMOUNT.

YOU TIMES THAT BY THE RATES THAT WE TALK ABOUT.

SO THOSE FOUR DIGIT NUMBERS AND YOU DIVIDE IT BY 1000.

SO IT'S ACTUALLY A PRETTY SIMPLE MULTIPLIER.

SO WHAT I'VE DONE HERE IS GIVEN SORT OF AN ESTIMATE ON SOME CATEGORY RANGES OF PROPERTY VALUATION AMOUNTS AND THE ANNUAL COST FOR THREE DIFFERENT RATES.

RIGHT. SO I'VE PROVIDED IT FOR THE ESTIMATED 3% CAP RATE OF THAT 6.7947, WHICH IS THAT FIRST ANNUAL COST COLUMN.

THEN I KIND OF DID A MID-RANGE TO THE CURRENT.

SO ABOUT 7.1, I COULD HAVE GONE OUT PROBABLY FOR DECIMALS, BUT 7.1 SO IT MATCHES YOUR OTHER SLIDES THAT YOU HAVE.

AND THEN IF WHAT WERE TO HAPPEN, IF YOU WERE TO MAINTAIN THE CURRENT RATE AT THE 7.995.

SO YOU DO HAVE A RANGE, RIGHT? SO YOU GO FROM YOUR LOW TO SORT OF SORT OF TOWARDS THE HIGHER END OF MAINTAINING.

SO LET'S SORT OF GO MID-RANGE.

[00:50:03]

SO IF WE WERE TO MOVE INTO FISCAL YEAR 23 ADOPTING THE PRELIMINARY CAP, THAT ESTIMATED TAX BILL WOULD BE ABOUT $509.60 ANNUALLY.

IF WE WERE TO MOVE INTO THE NEW YEAR EXCEEDING THE CAP, BUT NOT REALLY GOING IN FULLY AT WHAT WE HAVE THIS YEAR OF A 7.1, THAT ANNUAL COST WOULD INCREASE FROM $509.60 TO $531.50, WHICH IS ABOUT $23 A YEAR.

IF WE WERE TO MOVE INTO THE FISCAL YEAR WITH THE MAINTAINING THE CURRENT RATE, WHICH IS 7.5995, THAT WOULD INCREASE FROM THE 509 60 OR THE 530 TO 52 $569.96.

SO ESSENTIALLY, I WANT TO COMPARE THE CAP TO GOING IN AT THE 7.5995.

SO THAT IS $60 A YEAR, RIGHT? SO IT'S 509 60 A YEAR TO THE FIVE 6996.

SO IT'S ABOUT $60 ANNUALLY DIFFERENCE TO A TAXPAYER'S BILL GOING FROM GOING IN AT THE THE CAP RATE TO GOING IN AT WHAT WE CURRENTLY MAINTAIN.

UNDERNEATH THAT TABLE.

YOU HAVE A COMPARISON TO WHAT WE JUST TALKED ABOUT.

SO WHAT WE TALKED ABOUT THE CITY PERSPECTIVE SO YOU CAN SEE TAX PAYER VERSUS CITY AD VALOREM TAXATION AT THE 3% CAP RATE WOULD BE ESTIMATED AT 41.3 MILLION FEWER TO MOVE INTO FISCAL YEAR 23, ADOPTING A 7.1 THAT WOULD INCREASE TO 43.1 MILLION.

SO IT'S ABOUT ONE POINT MILLION, $1.9 MILLION ADDITIONAL REVENUE FOR THE CITY.

IF YOU WERE TO GO INTO THE FISCAL YEAR MAINTAINING YOUR RATE OF 7.5 TO 9 NINE FIVE, YOU'RE GENERATING 46.2 MILLION, WHICH COMPARED TO THE CAP RATE IN THE FIRST COLUMN IS THAT 4.9 MILLION THAT WE TALKED ABOUT? SO THAT 4.9 MILLION OF WHAT YOU COULD DO IN THAT PREVIOUS SLIDE, THAT IS THE THE DIFFERENCE.

SO FOR IN RELATION FOR THE TAXPAYER, THEY WOULD BE LOOKING AT $60 ANNUALLY IF YOU WERE TO GO FROM THE CAP TO MAINTAINING AND RETROSPECTIVELY FOR THE CITY, THAT'S AN IMPACT OF 4.9 MILLION.

ALSO A SLIDE THAT YOU QUITE SEE A LOT IS OUR TAX BILL BREAKDOWN.

SO WE ALL GET CITY.

CITY PROPERTY OWNERS DO GET OUR TAX BILL.

PLEASE DO REMEMBER THAT NOT YOUR ENTIRE TAX BILL GOES TO THE CITY OF PALM BAY.

RIGHT. SO USUALLY WHEN YOU FLIP IT OVER, THERE'S A WHOLE WHOLE LIST OF WHAT THE TAXING AUTHORITIES WITHIN THE COUNTY ARE.

AND ONLY ABOUT 36% OF YOUR TOTAL TAX BILL ACTUALLY STAYS WITH A CITY OF A CITY OF PALM BAY THAT I DID PULL THIS AS AN ACTUAL TAX BILL.

SO WE DID RUN THE NUMBERS AND WE ARE LOOKING AT SO LET'S SAY SOMEONE'S TAX BILL COMES IN AT $710 A YEAR.

BASED ON THOSE CALCULATIONS, ABOUT $256 COMES TO THE CITY.

AND OF THAT, $38 IS FOR THE GO BONDS.

SO DO REMEMBER THAT WE DO HAVE A DEBT LEVY THAT WAS APPROVED WHERE WE CURRENTLY HAVE TWO ROAD BONDS THAT WE'RE PAYING FOR, AND WE'LL GO THROUGH THAT IN THE NEXT SLIDE.

SO THAT $37 DOES SUPPORT ALL THOSE PROJECTS OF THAT PAVING THAT'S RELATED TO THAT GO BOND OR THE GEO BOND, WHICH IS OUR GENERAL OBLIGATION BOND.

THE SCHOOL DISTRICT USUALLY IS THE LARGEST CHUNKS OF THE SCHOOL DISTRICT DOES GET ABOUT 44% OF THE TAX BILL.

SO THIS IS ALWAYS REALLY JUST A GOOD INFORMATIONAL SESSION FOR FOR THOSE TAXPAYERS.

TIME COMING TO A CLOSE.

SO THIS IS THE LAST SLIDE THAT I WANT TO TALK ABOUT, WHICH IS OUR GEO BONDED MILITARY.

SO AS I MENTIONED THAT WE DO HAVE OUR GENERAL FUND TAXING AUTHORITY AND WE HAVE THE GEO BOND DEBT LEVY, RIGHT.

SO WE DO HAVE AN EXTRA LEVY THAT IS BEING TAXED IS TO SUPPORT THOSE PROJECTS FOR OUR GENERAL OBLIGATIONS, BONDS.

THOSE WERE DUE VOTED IN.

SO WE HAVE TO WE TOOK OUT WE HAVE AN ALLOWANCE, SO WE HAVE AN APPROVAL TO TAKE OUT UP TO 150 MILLION IN GENERAL OBLIGATION BONDS.

AND WE HAVE TAKEN OUT TWO TODAY SO THAT FIRST 50 AND THEN WE TOOK OUT A SECOND 50.

[00:55:06]

SO WE TALKED ABOUT THAT TAXABLE VALUE A LOT.

IT IS GROWING.

I ESSENTIALLY APPLY A RATE TO WHERE I GENERATE JUST ENOUGH DOLLARS TO PAY FOR THAT DEBT SERVICE PAYMENT.

SO THIS IS NOT A WE'RE GENERATING AS MUCH AS WE CAN.

I ESSENTIALLY SET THE RATE JUST ENOUGH BASED ON THE TAXABLE VALUE TO GENERATE ENOUGH MONEY TO PAY FOR THE PRINCIPAL AND INTEREST PAYMENTS FOR BOTH OF THOSE GENERAL OBLIGATION BONDS. IT'S ACTUALLY SORT OF MIRRORS WHAT THE OTHER SLIDES HAVE SAID IN FISCAL YEAR 22, WHICH IS THE CURRENT YEAR, OUR LOADED DEBT MILITARY IS 1.34 TO 4 BECAUSE AGAIN, THAT WAS BEFORE ALL THAT NEW TAXABLE VALUE IN THE CURRENT TAX ROLL, RIGHT? FOR FISCAL YEAR 23, OUR ANNUAL DEBT SERVICE PAYMENT IS PRETTY MUCH THE SAME, VERY CLOSE.

SO OUR PRINCIPAL AND INTEREST HAS NOT CHANGED.

BUT I AM ACTUALLY SIGNIFICANTLY ABLE TO REDUCE OUR RATE BECAUSE I ONLY NEED TO BRING IN THAT 6.9 MILLION.

BUT NOW WE ARE TAXING MORE PEOPLE, RIGHT? SO I'M REDUCING YOUR RATE.

AND RETROSPECTIVELY FOR FISCAL YEAR 23, WE ACTUALLY ANTICIPATE THAT THAT PORTION OF THE HOMEOWNERS TAX BILL WILL REDUCE.

GREAT EXAMPLE OF THE HOA.

SO WE'RE ONLY NEEDING TO BRING IN THE SAME AMOUNT AS THE PREVIOUS YEAR.

BUT BECAUSE WE HAVE A WHOLE LOT MORE OF A TAX BASE, WE ARE ACTUALLY NOW REDUCING TAXES ASSOCIATED WITH THAT LEVY BECAUSE WE'RE SPREADING IT OUT AMONGST A LARGER TAX BASE.

RIGHT. SO IT KIND OF FALLS EXACTLY IN LINE WITH WHAT WE TALKED ABOUT WITH THE HOA.

I DON'T ANTICIPATE THIS RATE CHANGING MUCH.

I KNOW LAST YEAR WHEN I DID IT FOR THE CURRENT YEAR, I DIDN'T SEE MUCH OF A CHANGE.

SO HOPEFULLY I'M LOOKING AT IT ABOUT STAYING ABOUT THAT SAME THAT SAME AMOUNT.

EVERYONE LOVES THE DOLLAR SPLIT.

I DID ADD A COLUMN OF HOW MUCH GOES TO EACH EACH DEPARTMENT.

SO WITHIN THE GENERAL FUND.

I KNOW WE HAD SOME QUESTIONS ABOUT WHAT TOTALS UP THAT AMOUNT, BUT ESSENTIALLY FOR EVERY DOLLAR THAT IS GENERATED BY THE CITY, A DOLLAR GOES BACK INTO THOSE GENERAL FUND DEPARTMENTS. SO IT'S A DOLLAR FOR A DOLLAR, RIGHT? SO THE DOLLAR SPLIT IS A GREAT PICTURE, BUT I DID ADD THE DEPARTMENTS AND HOW THEY ARE IMPACTED.

SO ESSENTIALLY WHAT IT MEANS THAT LET'S LOOK AT LEGISLATIVE SINCE THE FIRST ON THE LIST.

SO FOR EVERY DOLLAR THAT IS GENERALLY GENERATED WITHIN THE CITY, $0.01 GOES TO THE LEGISLATIVE DEPARTMENT AND IT GOES DOWN THROUGH ALL THE DEPARTMENTS.

WE DO HAVE SOME TRANSFERS THAT GO OUT.

TRANSFERS IS USUALLY ALL YOUR DEBT SERVICE, RIGHT? SO DEBT SERVICE DOES HAVE TO PAY, BUT WE WILL FOCUS AGAIN ON THE TWO BIGGEST DEPARTMENTS AT THE BOTTOM, WHICH IS YOUR PUBLIC SAFETY, FIRE AND POLICE.

AND THEY ACTUALLY TAKE UP $0.50 ON THE DOLLAR.

SO EVERY DOLLAR THAT IS GENERATED, 50% OF THAT GOES BACK INTO YOUR PUBLIC SAFETY DEPARTMENTS, WHICH IS FIRE AND POLICE.

RIGHT. FISCAL YEAR 23 PROPOSED BUDGET.

WE ARE LOOKING AT DISTRIBUTING THAT THE THIRD WEEK OF JULY.

I DO AM WAITING FOR THE FINAL PROPERTY VALUATIONS WHICH ARE DUE TO US BY JULY 1ST.

I KNOW IT'S 4TH OF JULY WEEKEND, SO THEY USUALLY SEND THEM A LITTLE BIT EARLY.

WE ARE WAITING FOR OUR STATE SHARED REVENUES, WHICH INCLUDES STATEWIDE REVENUES, FIRST LOCAL OPTION, FUEL TAX, COMMUNICATION SERVICE TAX AND HAVE SOME SALES TAX.

RIGHT NOW, THE WEBSITE SAYS MID-JULY.

SOMETIMES WHEN I CHECK IT, THEY DO GO OUT.

I'M HOPING THAT THEY'LL BE BACK.

I'M HOPING THAT MAYBE SOME OF THEM ARE BACK AND NOT ALL OF THEM.

BUT RIGHT NOW IT'S STILL MID-JULY, SO I'M HOPING TO STILL BE ABLE TO INCORPORATE THAT IN THE PROPOSED BUDGET.

AND IF IT'S LATER THAN THAT, THEN WE'LL HAVE TO ADDRESS IT.

LAST SPRING SLIDE.

IMPORTANT UPCOMING DATES.

WE ALREADY TALKED ABOUT PROPERTY.

FINAL PROPERTY TAX VALUATION STATUTES.

JULY 5TH, WHICH IS DAY AFTER 4TH OF JULY.

WE DO HAVE A BUDGET WORKSHOP SCHEDULED WHERE WE REALLY NEED TO START LOOKING AT THE UPDATED AD VALOREM TAXATION TAXABLE VALUES STARTING AT 6 P.M..

ALSO IN THE CITY COUNCIL CHAMBERS, JULY 21ST IS WHERE YOU WILL BE CERTIFYING YOUR TAXABLE VALUES, WHICH IS YOUR PROPOSED MILITARY AID, AND YOU WILL SET YOUR PUBLIC HEARING DATES. SO THAT'S USUALLY WHAT WE DO IS IS ON THAT REGULARLY SCHEDULED COUNCIL MEETINGS, YOU WILL SEE AN AGENDA MEMO FROM MYSELF AND OUR DIRECTOR ON WHAT WE MILITARY WE WILL BE

[01:00:07]

THAT'S WHAT OUR PATTERN IS, IS WE GO IN AND WE PROPOSE TO MAINTAIN THE CURRENT YEAR, USUALLY BUILD THE BUDGET ON THAT 3% CAP BECAUSE REMEMBER, AS SOON AS YOU HAVE A PROPOSED, YOU CANNOT GO UP.

YOU CAN ALWAYS GO DOWN, BUT YOU CAN NEVER INCREASE IF YOU GO INTO THE PROPOSED RATE AT, LET'S SAY THAT 3% CAP.

IF THERE IS AN EVENT THAT WOULD ALLOW YOU TO EXCEED THE CAP AND EMERGENCY SITUATION LEGALLY, YOU WOULDN'T BE ALLOWED TO BECAUSE YOU'VE SAID THE PROPOSED.

I'VE ALREADY COORDINATED WITH OUR CITY CLERK ON THE TWO PUBLIC HEARING DATES.

SO THOSE HAVE PRELIMINARY ALREADY BEEN BEEN KIND OF DISCUSSED MAINLY BECAUSE THERE ARE SOME RESTRICTIONS FROM THE SCHOOL BOARD AND THE COUNTY COMMISSIONER'S OFFICE THAT WE CANNOT HOLD THEM THE SAME DATE.

SO YOU WILL SEE THAT JULY 21ST, JULY 28TH, WE ARE HOPING TO DISTRIBUTE YOUR PROPOSED BUDGET TO AUGUST 2ND.

WE DO HAVE ANOTHER WORKSHOP SCHEDULED STARTING AT 6 P.M..

A LITTLE BIT DIFFERENT FROM LAST YEAR.

WE ARE MOVING THINGS UP, SO USUALLY YOU WOULDN'T SEE THIS HAPPEN UNTIL AUGUST.

BUT FROM OUR OFFICE, FROM MY MY AREA, THE TURNAROUND TIME BETWEEN YOUR BUDGET WORKSHOPS AND THE HEARINGS, IT SAYS, IS VERY SHORT.

SO TO ALLOW US SOME BETTER PREPARATION TO ENSURE THAT THINGS ARE PROPERLY DONE AND TO GIVE YOU THE BEST POSSIBLE BUDGET, WE'RE HAVING TO MOVE THINGS UP A LITTLE BIT.

SO YOU WILL SEE THAT FINAL WORKSHOP AUGUST 2ND IF WE NEED TO HAVE IT.

ALL RIGHT. WITH A 3% CAP, I'M PROBABLY EXPECTING TO HAVE IT, BUT IT IS A PLACEHOLDER AND THAT HAS ALREADY BEEN COORDINATED.

I'M GOOD ABOUT COORDINATING THESE THINGS WITH OUR LEGISLATIVE DEPARTMENT, WITH YOUR CALENDARS, AS I SAID, SEPTEMBER 7TH, OUR TENTATIVE FIRST PUBLIC HEARING.

SEPTEMBER 16TH IS WHEN IF THAT SEPTEMBER 7TH HAPPEN, I PLAN ON ADVERTISING BECAUSE I MUST OCCUR WITHIN 15 CALENDAR DAYS OF THE FIRST PUBLIC HEARING.

SEPTEMBER 21ST IS OUR HEARING A TENTATIVE DATE FOR OUR SECOND PUBLIC HEARING, WHICH MUST BE HELD WITHIN 2 TO 5 CALENDAR DAYS FROM PUBLICATION.

THAT'S WHY YOU SEE IT. IT'S VERY RESTRICTIVE.

SO I LIKE TO GET THOSE OUT AHEAD OF TIME.

SO DO KEEP THOSE IN MIND AS I COME IN JULY AND WANT TO SCHEDULE THOSE DATES.

ONCE WE DO SCHEDULE THEM, WE HAVE TO STICK WITH THEM, RIGHT.

SO BECAUSE THEY ARE THAT FIRST HEARING IS ADVERTISED ON THE PROPERTY MAILINGS THAT GO OUT TO THE CITIZENS.

SO THOSE ARE IMPORTANT DATES.

AND THEN AGAIN, WE PLAN ON ADOPTING THE BUDGET, ALL OF OUR RATES, OUR CAPITAL IMPROVEMENT PLAN, OUR POSITION CONTROL PLAN ON THAT SEPTEMBER 21ST.

SO THAT IS MY DEADLINE.

I HAVE 30 DAYS DEADLINE FROM BUDGET ADOPTION TO ACTUALLY PUBLISH ANYTHING ON THE WEBSITE.

SO AS YOU SEE, I HAVE SOME INTERNAL GOALS FOR OUR OFFICE ON PUBLICATION THAT WE'RE TRYING TO BE MORE EFFICIENT AND MORE EFFECTIVE IN TURNING THINGS AROUND.

SO OUR GOAL IS TO PUBLISH AT LEAST THE PRELIMINARY ADOPTED BUDGET BY THAT 30, 30 DAY DEADLINE ON ITEMS THAT I HAVE TO DO.

ALL RIGHT. SO THAT COMES TO THE END OF MY PRESENTATION.

IDEALLY, IF YOU HAVE ANY QUESTIONS, IF YOU'D LIKE TO TALK ABOUT THINGS IN A LITTLE BIT MORE DETAIL AND THEN MAYBE HAVE SOME DISCUSSION ON FISCAL YEAR 23 BASED ON WHAT YOU'VE SEEN ON WHAT THAT MAY LOOK LIKE.

THANK YOU, MA'AM. YOU DID AN OUTSTANDING JOB.

THANK YOU. YOU ACTUALLY SPOKE FOR OVER AN HOUR AND A HALF, I THINK I LOVE.

AND I DID. AND IT WAS IT WAS VERY INFORMATIVE AND IT JUST FLEW BY.

YES. YES. SO I WANT TO THE FIRST THING I WANT TO SAY IS THANK YOU, COUNSEL.

ANY QUESTIONS? I KNOW DEPUTY MAYOR JOHNSON MADE SOME NOTES HERE, BUT I WANT TO START COUNCILMAN FILIBERTO.

THANK YOU, MAYOR. NO QUESTIONS AT THIS TIME.

THANK YOU, SIR. OKAY, THANKS.

COUNCILMAN FELIX.

I DON'T HAVE ANY QUESTION, BUT I JUST AGAIN, ECHO WHAT YOU JUST SAID.

THANK YOU SO MUCH FOR WHAT YOU DO.

AND JUST THE WAY YOU EXPLAIN THIS, IT JUST, YOU KNOW, IT JUST SO CLEAR AND SO, YOU KNOW, YOU LEAVE NO ROOM FOR ITS INTERPRETATION.

I HOPE I HOPE, YOU KNOW, WITH THAT CLARITY, IT MAKES OUR JOB EASIER IN TERMS OF REALLY NOT, YOU KNOW, MOVING IN THE RIGHT DIRECTION.

THANK YOU SO MUCH FOR YOUR WELCOME.

THANK YOU. COUNCILMAN FOSTER.

YEAH, I'M FINE.

IT'S HARD TO BREATHE WITH THAT ON.

ON. YEAH.

[01:05:08]

THANK YOU. I MEAN, OUTSTANDING.

I FOLLOW EVERY WORD THAT CAME OUT OF YOUR MOUTH AND WHAT YOU DID HERE.

IT WAS VERY EASY.

VERY. EASY TO FOLLOW, EASY TO UNDERSTAND.

ONE OF THE POINTS THAT YOU BROUGHT OUT.

YOU WHEN YOU CAME TO THE RAPE.

CURRENT RATE. THE MAINTAINING THE CURRENT RATE VERSUS THE 3% CAP CLIP.

HELP ME UNDERSTAND.

LET'S SAY WE GO WITH THE 3% CAP.

MM HMM. BUT I GOT IN MY MIND.

IF WE GO WITH THE 3% CAP.

AND ALL THIS NEW CONSTRUCTION GOING AROUND THE CITY.

I SEE IT EVERY DAY.

I LIVE NEXT TO IT. A THE RATE WILL BE TAXED IN THE FUTURE, RIGHT? SO THE 3% THAT WE GO FOR 3% THIS YEAR, THAT NEW CONSTRUCTION IS GOING TO PAY THAT RATE IN 24.

AM I CORRECT? YES, SIR. 23 SO THERE'S ALWAYS A LAG.

SO WHEN IT COMES TO THE PROPERTY APPRAISER'S OFFICE, THE 330 MILLION THAT YOU'RE SEEING NOW IS EVERYTHING THAT HAS HIT THE TAX ROLL AS OF DECEMBER 31ST, 2021.

RIGHT. SO THERE'S ALWAYS IT'S ALWAYS A LAG.

SO THAT IS TAKING A WHOLE YEAR TO BE REALIZED IN SOMEONE'S PROPERTY TAXES.

SO THE RATE THAT WE'RE ADOPTING FOR FISCAL YEAR 23 IS WHAT WILL IT BE APPLIED TO YOUR DECEMBER BILL? ESSENTIALLY THAT'S COMING OUT, BUT THAT IS BASED ON ONE CALENDAR YEAR PRIOR VALUATION.

SO ANYTHING THAT IS HAPPENING THIS YEAR WILL NOT BE REALIZED TECHNICALLY UNTIL A WHOLE YEAR OUT.

SO. ACTUALLY, WE COULD BY JUST GOING WITH THE 3% CAP.

WE COULD IN ACTUALITY FALL BELOW THE ROLLBACK RATE.

TEN. YOU COULDN'T TECHNICALLY.

CAN WE CAN OR WE CAN'T.

WELL, YOU CAN IN THE FUTURE SO FISCAL YEAR SO YEAH.

SO FISCAL YEAR 23 YOU WON'T YOU WON'T WO AS WE SEE IT BUT IN 24.

I'VE I HAVEN'T SEEN IT.

I HAVEN'T SEEN IT IN OTHER MUNICIPALITIES.

BUT THE MATH SHOWS THAT BASED ON THAT NEW VALUE THAT WE'RE SEEING, IF THAT CONTINUES TO GROW WITH THAT EXTENT, BECAUSE THAT 330 MILLION THAT YOU'RE USING THIS YEAR AS NEW CONSTRUCTION, THAT WILL BE PART OF YOUR TAX ROLL FOR NEXT YEAR AT MINIMUM.

SO THEN NEXT YEAR, WHEN WE'RE GOING THROUGH ALL THIS, THAT 3% CAP NUMBER IS APPLIED TO WHAT WE ALREADY HAVE, PLUS THE 330 MILLION AT MINIMUM.

SO. I TAKE IT YOU'RE A NUMBERS PERSON LIKE ME? YEAH. KIND OF WEIRD.

THE NUMBERS. I BELIEVE NUMBERS BEFORE I BELIEVE PEOPLE.

IF I. IF I TOLD YOU TWO PLUS TWO IS FIVE AND YOU KNOW IT BEFORE WHO? YOU'RE GOING TO BELIEVE THE MATH FOR ME.

I'M A MATH PERSON.

YEAH. YOU'RE GOING TO BELIEVE THE MATH.

AND THE REASON WHY I SAY THAT, BECAUSE, YOU KNOW, I'M INVOLVED IN CRYPTOCURRENCY AND ALL THAT.

AND, YOU KNOW, NUMBERS DOESN'T LIE.

PEOPLE LIE. I'M NOT SAYING YOU'RE LYING, BUT I'M JUST SAYING WE'RE THE NUMBERS.

BY THE NUMBERS. THE NUMBER.

WE'VE GOT TO GO BY THE NUMBERS.

THE NUMBERS ARE TRUE.

YEAH. SO PROJECTED DEJECTEDLY IN THE FUTURE.

THE WAY I SEE IT, ALL THIS NEW CONSTRUCTION WE LOSE.

I SEE WE'RE LOSING MONEY.

IF WE AT THE CAP BECAUSE WE'RE GOING TO FALL BEHIND, WE HAVE AN OPPORTUNITY TO CAPTURE.

THESE 300,000.

HOMES THAT. 300,000 PLUS HOMES ARE GOING UP.

YOU'RE WHAT I SEE IS, IS THAT YOU'RE NOT REAPING A BENEFIT OFF OF THE NEW CONSTRUCTION.

EXACTLY. OUTSIDE OF THE FIRST YEAR.

BECAUSE YOU ARE RESTRICTING HOW MUCH YOU'RE TAKING IN.

[01:10:01]

BECAUSE YOU'RE LIMITING OF HOW MUCH YOU'RE TAKING IN.

RIGHT. SO IT'S NOT SO MUCH ON WE'RE NOT REAPING THE BENEFIT OF ALL THIS GROWTH.

NO, IT'S IT'S A WRONG THING TO SAY.

BUT OFF OF THE THE NEW CONSTRUCTION, YOU'RE NOT REALIZING THE FULL BENEFITS OF WHAT YOU'RE REALIZING THE BENEFIT.

OBVIOUSLY, IT'S GREAT FOR THE CITY TO GROW.

RIGHT. IT'S NOT JUST THE FIRST YEAR YOU WANT A CITY TO GROW.

YOU WANT THERE TO BE A DIVERSITY OF A TAX BASE.

YOU WANT RESIDENTIAL, YOU WANT COMMERCIAL, YOU WANT ALL THAT.

IT IS A BETTER SCENARIO IN AN ENVIRONMENT THAT ISN'T LIMITING HOW MUCH YOU'RE ABLE TO TAKE IN, ONCE YOU'RE LIMITING HOW MUCH YOU'RE BRINGING IN.

THAT GROWTH, YOU'RE ESSENTIALLY REDUCING OR DIMINISHING HOW MUCH YOU'RE REAPING FROM THEM BECAUSE YOU'RE RESTRICTING HOW MUCH YOU'RE ALLOWED TO BRING IN.

EXACTLY. SO WE'RE NOT GETTING THE FULL BENEFIT IN AN ENVIRONMENT IT WOULD IN AN ENVIRONMENT WHERE YOU DON'T HAVE THAT GROWTH. IT WOULD MAKE SENSE IN AN ENVIRONMENT WHERE YOU HAVE SMALL GROWTH, WHERE YOU'VE MAYBE FULLY BUILT OUT.

I WON'T SAY FULLY, YOU KNOW, THERE'S ALWAYS A CHANCE TO GROW, BUT WITH A CITY THAT DOESN'T HAVE THAT.

UNDEVELOPED AREA.

THAT PROJECTION OF WHERE WE KNOW WHERE WE'RE GOING BASED ON GROWTH MANAGEMENT, BASED ON OUR COMMUNITY AND ECONOMIC DEVELOPMENT DEPARTMENT, ON OUR FUTURE PLAN, ON OUR VISION, OUR VISION.

I THINK IT'S 2040, 2040.

I GOT IT RIGHT. VISION, 2040.

IT DOES NOT MATHEMATICALLY.

MATCH WITH CAPPING.

HOW MUCH YOU'RE BRINGING IN.

IT DOESN'T MEAN THAT WE WOULD INCREASE TAXES.

IT DOESN'T MEAN THAT.

I'VE ALWAYS KIND OF SAID, IDEALLY IN A SITUATION WHERE YOU DON'T HAVE A CAP.

YOU CAN GET TO ROLLBACK, YOU CAN GET TO THAT WHERE INDIVIDUALS AREN'T PAYING MORE IN TAXES BECAUSE YOU'RE ESSENTIALLY SPREADING IT OUT.

YOU HAVE A LARGER TAX SPACE THAT YOU'RE ABLE TO TAX.

THAT IS THE IDEA.

FOR CITIES THAT DON'T HAVE THAT GROWTH, WHERE THEY DON'T NECESSARILY HAVE THE NEED TO SUPPORT THAT GROWTH WITH INTERNAL GROWTH, MEANING NEW FIRE STATIONS, NEW POLICE STATIONS, NEW STAFF, THEN IT WOULD BE FINE.

TO IMPLEMENT A CAP, ESSENTIALLY, BECAUSE YOU'RE NOT NEEDING TO HAVE THAT ADDITIONAL REVENUE TO SUPPORT THE GROWTH THAT'S HAPPENING.

IF THAT HELPS.

YEAH. ONE MORE THING.

I IN MY NOTES, BUT I'LL PROBABLY FIND IT LATER.

BUT. BUT THESE NUMBERS.

THIS BUDGET. YOU CAN'T BUDGET.

WHAT'S THIS NEW GROWTH HAPPENS? HOW MUCH SERVICE THAT THE CITY IS GOING TO HAVE TO PROVIDE? BECAUSE THAT'S A COST THAT WE DON'T KNOW.

IS THAT CORRECT? YOU CAN PROJECT OUT, YOU KNOW, WE WORK WITH OUR WITH OUR FIRE AND POLICE DEPARTMENTS.

THERE ARE STATISTICAL THINGS THAT HAVE TO BE MET.

OBVIOUSLY, WHEN YOU'RE, YOU KNOW, DEVELOPING AN AREA THAT ISN'T SERVICE NECESSARILY BY A FIRE STATION OR POLICE STATION, YOU HAVE RESPONSE TIMES.

SO WHEN YOU'RE LOOKING AT INCREASES OF RESPONSE TIMES BECAUSE YOU DON'T HAVE THAT THAT STATION THERE.

SO I THINK LONG TERM, YOU'RE ABLE TO PROJECT YOUR NEEDS BASED ON THE GROWTH.

BUT OF COURSE, AS THE GROWTH HAPPENS, THERE'S OBVIOUSLY SOME THINGS THAT YOU CAN'T PROJECT.

BUT I THINK WHEN IT COMES TO PUBLIC SAFETY, YOU'RE ABLE TO.

BASE IT OFF A NEED AND THOSE ARE PROBABLY STATISTICAL DATA THAT THAT THOSE DEPARTMENTS UTILITIES.

SURE. PUBLIC WORKS STORMWATER.

IT'S HARD TO PROJECT IN THIS BUDGET WHAT CAN HAPPEN IN THE NEXT FISCAL AND THAT'S TRUE AND DO REMEMBER THAT UTILITIES IS AN ENTERPRISE FUND SO THEY WHILE THEY ARE NOT SUBJECTED TO THE 3% CAP.

SO UTILITIES DEPARTMENT, THEY SET THEIR RATES RIGHT.

SO THEY'RE GENERATING THEIR THEIR REVENUE THAT IS GENERATED IN ORDER TO SUPPORT THOSE CAPITAL NEEDS.

NEW PLANTS THAT ARE BEING BUILT, NEW INFRASTRUCTURE THAT IS BEING PUT IN THE GROUND IS FULLY SUPPORTED BY THE RATES THAT THEY CHARGE.

SO IF THEY WERE TO INCREASE RATES OR LOWER RATES AND I KNOW WE WE OUR DIRECTOR OF UTILITIES DIRECTOR ALONG WITH I THINK IT'S STANTEC THAT DOES THE CONSULTING, THEY

[01:15:03]

OF COURSE, THEY HAVE MORE HOMES, MORE UTILITY HOOKUPS THAT THEY HAVE THAT THEY ARE CHARGING.

BUT THE UTILITIES DEPARTMENT.

THERE IS NO IMPACT ON WHAT WE'RE TALKING ABOUT.

AS FAR AS THEY'RE CONCERNED.

SO A LOT OF THEIR CAPITAL PROJECTS END UP BEING FUNDED BECAUSE THEY ARE NOT SUBJECTED TO THE 3%.

THANK YOU. YOU'RE WELCOME.

SO, MS.. ANGELICA, I JUST WANTED TO SAY.

YOU'RE A TRUE BLESSING TO OUR CITY.

THANK YOU. YOU REALLY ARE.

YOU HAVE SUCH A GIFT OF EXPLANATION AND INSTRUCTION, AND WE'RE THE BENEFITS OF THAT.

OF THAT GIFT, AND SO ARE THE CITIZENS.

SO MY MY QUESTION WAS MORE ON THE $12.3 MILLION, DO WE HAVE AN UNFUNDED OF THE CAPITAL IMPROVEMENT? YEAH. LET ME GO TO.

SO WHEN WE TALK ABOUT THE 12 POINT 12.3, YEAH, THAT'S THREE.

AND THAT WOULD BE ACCOMPLISHED BY MAINTAINING THE 7.95 CURRENT RATE.

NO. SO THE 7.5995 WOULD GENERATE.

LET ME JUST GET TO THE SLIDE.

UP. I'M GOING THE WRONG WAY.

SEE, EVEN I MAKE MISTAKES.

SEE. SO REMEMBER 12.3 MILLION OF ASKS.

SO AT 12 AT THE SO IF WE WERE TO GO INTO FISCAL YEAR 23 MAINTAINING THE RATE AT 7.5995, WE WOULD BE GENERATING ABOUT $46.1 MILLION, WHICH IS ABOVE THE 3% CAP, 4.8 4.9 MILLION.

WE STILL HAVE THAT DEFICIT IN THOSE CAPITAL.

YES. YES.

SO IF YOU WANTED TO JUST TO LOOK AT CAPITAL.

SO OUT OF THAT 12.9, ABOUT 7.9 WAS CAPITAL.

SO IF YOU WANTED TO JUST LOOK AT THAT PORTION, YOU WOULD STILL HAVE A DEFICIT.

YOU, MA'AM. YOU'RE WELCOME.

THE OTHER QUESTION AT THIS TIME.

THANK YOU, MA'AM. YOU'RE WELCOME.

SO WE'RE GOING TO GO TO WE'RE GOING TO GET PUBLIC COMMENTS GEARED UP JUST TO GIVE EVERYONE AN OPPORTUNITY TO COME AND SPEAK WITH US.

SO. YES, SIR.

YOU WERE THE FIRST ONE TO RAISE YOUR HAND, MASTER CHIEF.

SO STEP ON IT.

BILL BATTEN, 586 OCEAN SPRAY STREET SOUTHWEST.

I HAVE A COUPLE OF THEM THAT I'D LIKE TO PRESENT OUT.

THE GOVERNOR JUST PASSED AN ADDITIONAL HOMESTEAD EXEMPTION OF ANOTHER 50,000 TO COME OFF ON TOP OF THE HOMESTEAD EXEMPTIONS WE'RE ALREADY HAVING.

YOU KNOW, THAT'LL BE FOR THE POLICE, FIRE TEACHERS, SOCIAL WORKERS.

AND THAT MAKES A PRETTY GOOD POPULATION OF THE RESIDENTS WITHIN PALM BAY.

SO THERE'S THAT ONE MORE NEW EXPENSE.

BUT THAT LEADS ME TO THE NEXT ONE WAS BECAUSE OF THE EXEMPTIONS.

I DIDN'T REALIZE THAT YOU'RE INCLUDING THE EXEMPTIONS ON THE GO WRONG GO GO ROADS BOND BECAUSE THAT'S A NON AD VALOREM TAX.

SO IT SHOULD NOT IT SHOULD BE SEPARATE FROM THE EXEMPTIONS.

THAT'S PERSONAL OPINION.

ALL RIGHT. THE NEXT ONE WAS JUST A QUESTION, WHAT WAS CALLED THE GENERAL GOVERNMENT CATEGORY.

WHEN I WAS LOOKING AT THE CHART OF WHERE THAT 12% WIN HAS JUST CALLED GENERAL GOVERNMENT CATEGORY AND COULDN'T FIGURE OUT WHAT WHAT DEPARTMENT THAT WAS RIGHT.

THEN I WAS LOOKING THAT THERE WAS THE PRICE OF GAS INCREASING IS DOUBLE WHAT IT WAS PREVIOUSLY YET I DIDN'T SEE A 50% INCREASE IN THE IT WAS UNDER THE OPERATIONS REQUEST FOR CAPITAL.

I DIDN'T SEE THAT ONE.

THE NEXT ONE WAS A STORM WATER CREW OF $131.

RIGHT. AND THAT WHEN I EXPECTED THE OVERALL STORM WATER FIELD TO GAIN SOME GAIN SOME REVENUE, IT STAYED THE SAME BECAUSE THIS YEAR WE'RE SUPPOSED TO HAVE THE NON EXEMPT ADDED THOSE THAT WERE GETTING THE TAX BREAK THAT WEREN'T BEING CHARGED WHICH HAD TO COME OUT OF THE REVENUE GENERAL REVENUE FUND.

WELL, NOW THEY'RE GOING TO BE PAYING IN.

SO I WOULD HAVE EXPECTED THAT TO GO UP JUST A LITTLE BIT.

BUT I DIDN'T SEE THAT.

RIGHT. AND THIS ONE'S PERSONAL INPUT DOESN'T REALLY MATTER IN THE SCHEME OF LIFE BECAUSE OF THE 3% CAP.

[01:20:07]

TO ME, THAT MAKES A WHOLE LOT OF GOOD SENSE ON WHY YOU SHOULD GO AHEAD AND IMPLEMENT YOUR MORATORIUM ON NEW DEVELOPMENT.

BECAUSE JUST LIKE COUNCILMAN FOSTER JUST SAID, EVENTUALLY WE'RE GETTING WE'RE INCREASING THE POPULATION, BUT WE'RE NOT GENERATING THE REVENUE THAT COULD PAY FOR THE POLICE AND FIRE WITH BECAUSE OF THE 3% CAP BECAUSE WE'RE DROPPING LOWER ANNUALLY.

SO THERE IS TO BUILD THAT IN THE INPUT.

AND I KNOW YOU GUYS HAVE A HARD ROAD AHEAD OF YOU ON THIS ONE.

THANK YOU. THANK YOU, MASTER CHIEF.

ANYONE ELSE WISH TO COME AND SPEAK AND ADDRESS COUNCIL? HE STEPPED FORWARD. I WANT TO THANK DEPUTY MAYOR JOHNSON FOR HANDLING THE TIMER.

THANK YOU, SIR. APPRECIATE YOUR EFFORTS.

NATHAN WHITE, 1301 SEABREEZE STREET SOUTHWEST.

I'M. WE'LL BE ABLE TO TO GET INTO MORE DETAIL AS WE GO.

THIS WILL NOT BE THE ONLY WORKSHOP.

SO I REALLY JUST WANTED TO MENTION A COUPLE OF THINGS HERE.

ONE, THAT THEY THE MAINTAIN RATE OF 7.5995.

I'M. I HOLD A PERSONAL GRUDGE TOWARDS USING THE AMOUNT, THE DOLLAR AMOUNT THAT A TAX, TAX, TAXING, PAYING RESIDENT PAYS TO MAKE IT SEEM SMALL.

I HAVE A PERSONAL GRUDGE AGAINST THAT, THAT PRACTICE, SO TO SPEAK, BECAUSE IT'S ALL ABOUT HOW YOU LOOK AT IT.

SO ONE OF THE MOST IMPORTANT WAYS TO LOOK AT IT BEING THAT IT'S THEIR MONEY AND WE'RE NOT CAPTURING THAT POTENTIAL GAIN, WE ARE TAKING THEIR MONEY, WHICH IS A THING OF LIKE WITH MOST THINGS THAT TAKE OUR MONEY, IT'S IT'S GOT SOME NEED TO IT.

BUT THAT MAINTAIN RATE WOULD BE BASED ON THE NUMBERS THAT WE HAD ON THE SCREEN HERE.

AN 11.84% INCREASE IN WHAT THAT 75,000 RESIDENT WOULD BE PAYING.

SO. THAT'S NOT A SMALL NUMBER.

NOW. I MEAN, I'VE BUILT PLENTY OF BUDGETS AND AN 11%, ALMOST 12% INCREASE IS NOT SOMETHING TO STICK YOUR NOSE OUT, STICK YOUR NOSE UP AT, SO TO SPEAK.

ALSO, I AM CONFUSED THE STATEMENT THAT PUBLIC SAFETY IS ONE OF THE MOST EASILY PREDICTABLE OR MEASURABLE NEEDS AS FAR AS COST.

AND YET OUR PUBLIC SAFETY IS ONE OF THE MOST UNDER-FUNDED THINGS WE'RE DEALING WITH RIGHT NOW.

PUBLIC SAFETY ROADS.

THE POLICE DEPARTMENT JUST HAD TO MENTION THAT THEY WERE ABOUT OUT OF OVERTIME FUNDING BEFORE THE EVENT THAT WAS BEING DISCUSSED.

OBVIOUSLY WE'RE SHORT SEVERAL FIRE STATIONS.

SO THAT'S THE MOST ONE OF THE MOST PREDICTABLE ASPECTS OF OUR OPERATIONS.

I'M WONDERING HOW IT'S THE THING, ONE OF THE THINGS THAT'S FALLEN FARTHEST BEHIND SO FAR.

THANK YOU. THANK YOU.

ANYONE ELSE WISH TO SPEAK? OR WE WE CONTINUE.

HEY. THANK YOU. SO.

NOW ALSO WE'VE HEARD THAT WE'RE IN A WE'RE WE'RE IN A.

AN INTERESTING SITUATION, RIGHT? JESSICA REALLY DID A GOOD JOB OF, YOU KNOW, EVEN FORECASTING THE FUTURE.

BUT I'VE GOT I'VE GOT SOME THOUGHTS HERE.

AND AND I KNOW THAT THIS COUNCIL VOTED.

TO PUT THAT ON THE ON THE CHARTER.

RIGHT FOR THE CITIZENS TO VOTE TO REMOVE IT ENTIRELY.

AND I THOUGHT THAT, YOU KNOW, LOOKING FOR THE 6% MIGHT HAVE BEEN MIGHT HAVE BEEN A GOOD, GOOD COMPROMISE THAT THE CITIZENS MAY HAVE PARTNERED WITH US.

RIGHT. BUT LET'S JUST SAY DOWN RANGE.

WE'VE GOT SOMETHING THAT WE'VE GOT TO START LOOKING IN THE FUTURE.

AND I WANTED TO SEE WHAT ANGELICA'S TAKE WAS GOING TO BE ON THAT, HOW THAT FUTURE IS GOING TO LOOK.

BUT WE CAN DISCUSS THAT.

COUNCILWOMAN OR DEPUTY MAYOR JOHNSON, I KNOW YOU HAD QUESTIONS.

AND ANOTHER THING IS I REALLY APPRECIATE YOU TAKING THAT LEADERSHIP.

I TRULY DO, SIR.

TAKING THAT LEADERSHIP TO HELP OUT WITH THE WITH THE TIMER.

THANK YOU. THANK YOU.

SO JUST A FEW THINGS.

STAFF, YOU DID A GREAT JOB.

LIKE WE UNDERSTAND THE NUMBERS YOU'RE PRESENTING.

IT'S NOT ABOUT STICKING YOUR NOSE UP AT ANYBODY.

IT'S ABOUT PROVIDING THE INFORMATION OF WHAT SERVICES COULD BE PROVIDED FOR ALL OF THE CITIZENS OR WHAT CAN'T BE.

[01:25:05]

A FEW THINGS I WAS GOING TO TALK ABOUT GRANT SPECIFICALLY BECAUSE I'M LOOKING AT OUR LINE ITEMS AND WE'RE TALKING ABOUT THE POLICE ACADEMY SPONSORSHIPS.

BUT JUST LAST COUNCIL MEETING, HOUSE BILL THREE, LAW ENFORCEMENT RECRUITMENT, I'M LOOKING AT, YOU KNOW, POSSIBLY WE CAN HAVE SOME FUNDING FROM THERE SO WE DON'T HAVE TO TAKE IT FROM THE GENERAL FUND BALANCE.

WHERE I FORGOT MR. SEAN FOSTER PRESENTED THAT THE BILL PASSED AND IT'S GOING TO BE $1,000 FOR SCHOLARSHIPS, 5000 FOR IF THEY ALREADY HAVE EXPERIENCED THINGS OF THAT NATURE.

SO THAT MIGHT BE A POSSIBLE FUNDING SOURCE AS WELL AS EACH DEPARTMENT CAN LOOK AT OTHER GRANT FUNDING SOURCES FOR THE 12.3.

I'LL GO AHEAD AND SAY IT RIGHT NOW.

I'M FINE WITH STAYING WITHIN THE 3% CAP THIS YEAR, ESPECIALLY WITH EVERYTHING GOING ON, JUST LIKE LAST YEAR'S MAYOR, WHICH THAT PUTS US AT 3.38 MILLION.

BUT WHEN YOU LOOK AT HIGH PRIORITY, THAT'S 1.7 MILLION.

SO I DID THE MATH. THAT KNOCKS US DOWN TO 1.68 MILLION LEFT.

I ME PERSONALLY, WE DID THE SALARY STUDY.

I KNOW WE'RE WAITING TO SEE WHAT THE RESULTS LOOK LIKE, BUT I THINK THAT'S A HIGH PRIORITY AS WELL.

IT'S A COMPETITIVE MARKET AND WE'RE SEEING, YOU KNOW, PEOPLE LEAVE HERE AND GO THERE AND WE NEED TO MAKE SURE WE PROTECT THE EMPLOYEES THAT WE CURRENTLY HAVE.

SO I THINK THAT'S JUST AS MUCH AS A HIGH PRIORITY AS THE 1.7 MILLION REQUESTS.

SO THAT'S THAT'S MY DIRECTION, SIR.

OTHER THAN THAT, I DID WANT TO ELABORATE BECAUSE IT'S BEEN BROUGHT UP TWO YEARS IN A ROW FOR ME IN REGARDS TO THE ROAD MAINTENANCE POLICY AND WHAT.

WHAT WHAT IDEALS OR WHAT WHAT MEASURES WE CAN TAKE TO MAKE SURE EACH YEAR WE'RE DOING OUR PART.

I KNOW IT WAS BROUGHT UP DURING THE CHARTER REVIEW COMMITTEE, BUT I THINK THIS IS THE MORE APPROPRIATE.

PLATFORM TO ADDRESS THAT.

SO THAT'S ALL, MAYOR. THANK YOU.

YOU KNOW, THE SALARY STUDY, WE SHOULD HAVE HAD SOME TYPE OF INDICATION BY NOW, SO I'M NOT SURE WHAT WHAT CHALLENGES ARE WE HAVING WITH THAT, MA'AM? WE'RE STILL FINANCE DIRECTOR AND I ARE STILL WORKING THROUGH PUTTING POSITIONS IN THE RIGHT PAY GRADE SO THAT THINGS ARE ALIGNED ACROSS THE CITY.

SO IT'S JOB TITLES, MAYBE THOSE IT'S A LOT OF MANUAL SHIFTING THAT'S GOING ON RIGHT NOW TO MAKE SURE WE DON'T HAVE, FOR EXAMPLE, A SUPERVISOR IN ONE DEPARTMENT WHO IS RANKED BELOW, YOU KNOW, A LOWER PERFORMING TYPE POSITION, AN ON SUPERVISOR POSITION.

WELL, I APPRECIATE THAT, MA'AM, BECAUSE I KNOW PEOPLE HAVE BEEN HEARING ABOUT THE STUDY, BUT, YOU KNOW, I WANTED THEM TO BE UNDERSTANDING OF THE CHALLENGES THAT, YOU KNOW, NOT EVERY EVERY JOB ACROSS THAT STUDY IS THE SAME.

RIGHT. SO WE HAVE TO APPLY THE RIGHT CLASSIFICATION TO IT.

IS THAT CORRECT? ALL RIGHT.

SO THANK YOU. COUNCIL DEPUTY MAYOR JOHNSON JUST MADE HIS STATEMENT.

I WANTED TO HEAR FROM EVERYONE ELSE.

UH, COUNCILMAN FILIBERTO, ARE YOU PREPARED TO SAY A FEW WORDS OR.

YES. YOU WANT TO CARRY ON? THANK YOU, MAYOR. SO I WOULD LOVE TO I WOULD LOVE TO GO WITH THE 3% CAP.

I REALLY WOULD. BUT MY IDEA WAS, HONESTLY AND AGAIN, I PAID $3,000 IN TAXES.

I PAID A LOT OF TAXES.

BUT I WANT TO SEE SERVICES WITH THOSE TAXES PAID.

WE DO HAVE WE'RE WAITING ON A SALARY STUDY, LIKE YOU MENTIONED.

I'M WAITING ON THE WHITE AND BLUE CONTRACTS.

WE'RE WAITING FOR A NEW FIRE STATION.

AND WE'RE ALSO TRYING TO INCREASE THE PUBLIC SAFETY STAFF.

SO WITH THOSE FOUR THINGS ALONE, I CAN'T SEE US GOING TO THE 3% CAP.

IF STAFF CAN MAKE IT WORK, THAT'S GREAT.

BUT MY IDEA WAS KIND OF JUST MAINTAINING CURRENT, BUT I'M NOT FIRM ON IT.

AGAIN, THIS IS JUST DISCUSSION HERE.

SO WITH THOSE FOUR THINGS THAT MY MY FIRST MY FIRST THOUGHT THAT CAME TO MIND IS LIKE, WE SHOULD MAINTAIN THE CURRENT.

THAT'S ALL I HAVE TO SAY. MAYOR THANK YOU.

I APPRECIATE YOUR COMMENTS.

COUNCILMAN FILIBERTO.

COUNCILMAN FELIX.

THANKS SO MUCH, MAYOR.

ACTUALLY, I. I'M A I'M AN AGREEMENT.

I AM. I AM AGAIN.

YOU KNOW, MY POINT BEING IS, I MEAN, MA'AM, YOU DID SUCH A GREAT JOB.

YOU WERE SO CLEAR.

I WILL I WOULD HOPE WITH THAT LEVEL OF CLARITY, I'M GOING TO SAY IT AGAIN, THAT THIS COUNCIL, OUR JOB WOULD BE A LOT EASIER IF YOU PAINT A PICTURE SO WELL PAINTED.

I MEAN, YOU TOLD THE STORY.

I MEAN, THE NEEDS ARE IN FRONT OF US IS SO GREAT.

I'M LOOKING AT THE THE GRAPH EARLIER.

WE TOOK SUCH A SHORT, SHARP TURN.

I MEAN, TURN.

20. FROM 2016.

LOOKING AT GRAPH 22.

THE THE MILITARY, THE HISTORY.

[01:30:03]

20. WE DIP IN.

I MEAN, WE'RE GOING SO FAST, SO, SO SHARPLY DOWN.

I DON'T KNOW HOW THAT COULD POSSIBLY HELP US IN ADDING ANOTHER 300 MILLION THE NEXT NEXT YEAR, 2020, THE END OF 2023 APPRAISALS.

DON'T YOU KNOW, ONCE WE BRING THAT IN AGAIN AND I UNDERSTAND I KNOW WHAT I'M SAYING, BUT WHEN YOU SAID 330 MILLION, I DON'T KNOW.

WELL, ONCE WE BRING THAT IN ADDED VALUE, IT'S GOING TO AGAIN, WE'RE GOING TO IT'S GOING TO BE A LOT SHARPER.

AND THEN THE NEED THAT WE NEED, THE SUPPORTS, THEY'RE NOT STOPPING THE SERVICES THAT WE THE LEVEL OF SERVICES.

AND WE'RE GOING TO HAVE MORE NEED TO TO PROVIDE THOSE SERVICES.

SO I JUST CAN'T SEE HOW WE SHOULD GO BACK.

I WOULD AGREE TO MAINTAIN AGAIN.

I'M SURE WE'RE STILL A COUPLE OF MONTHS AWAY FROM MAKING A FIRM DECISION.

BUT FOR NOW.

I STAND ON MAINTAINING.

YEAH. THANK YOU. THANK YOU.

COUNCILMAN FOR FELIX.

BUT COUNCILMAN FELIX.

I JUST. IT'S THAT 330.

IT'S APPRAISED VALUE, AND I GET IT ONCE IT'S ADDED.

COPY THAT. COUNCILMAN FOSTER.

YEAH. ONCE AGAIN DID AN OUTSTANDING JOB.

YOU KNOW, I FOLLOWED ME VERY CLOSELY.

BUT THE QUESTIONS I ASKED.

BECAUSE MAKE IT CLEAR IN MY MIND.

THIS LAST YEAR.

WE DID OUR BUDGET.

OUR RATE WAS.

ILLUSTRATES WAS A 7.837.8378.

YES, THAT WAS LAST YEAR.

THAT, YES, IT WAS FISCAL YEAR 21, 21.

THAT WAS MY FIRST BUDGET YEAR.

YEAH. AND I SAY, THEN WHAT I'M GOING TO SAY NOW, WE SHOULD HAVE STAYED AT THAT RATE AND YOU GO BACK AND PLAY THE TAPE.

I SAID WE SHOULD HAVE STAYED AT THAT RATE BECAUSE I'VE BEEN AN OPPONENT AGAINST THE 3% CAP.

THIS BEFORE I EVEN RAN FOR THE CITY COUNCIL.

WHEN I WAS RUNNING FOR THE COUNTY COMMISSION, I WAS AGAINST THE 3% CAP.

AND I'M STILL AGAINST THE 3% CAP.

THE REASON WHY. I DON'T THINK WE NEED A CAP TO TELL ME HOW TO DO A BUDGET.

OK I THINK YOU DO A BUDGET BASED ON YOUR NEEDS AND SERVICES AND BASED ON WHAT'S REASONABLE.

GIVEN THAT ECONOMIC TIME THAT WE LIVE IN.

WE ARE IN A.

WE ARE GOING IN A RECESSION.

IF YOU SAW THIS. IF YOU LOOKED AT YOUR 41K, IT SHOULD HAVE ALARM BELLS SHOULD HAVE BEEN GOING OFF RIGHT ABOUT NOW.

AND THE STOCK MARKET.

EVERY MARKET. WE ARE GOING INTO A RECESSION.

WE HAVE HIGH INFLATION.

SO YOU PROJECTED A FIRE STATION OF $4 MILLION MIGHT WIND UP COSTING $5 MILLION? WE DON'T KNOW. JUST A PROJECTION.

UM. WITH THE SALARIES THAT WE'RE GOING TO BE FACING.

THE REASON WHY WE'RE NOT WE'VE GOT SO MANY VACANCIES.

WE'RE NOT PAYING ENOUGH FOR PEOPLE TO COME TO WORK HERE.

SO WE ARE IN A SITUATION WHERE WE NEED.

WE HAVE UNION CONTRACTS COMING UP.

WE HAVE A SALARY STUDY COMING UP.

WE HAVE WE DOWN 3 TO 4 FIRE STATIONS.

WE'RE DOWN POLICE OFFICERS.

WE'RE DOWN THREE OR FOUR FIRE STATIONS.

WE'RE DOWN. FIREFIGHTERS.

AND WITHOUT.

LAW ENFORCEMENT.

THEY'RE NOT THE ONLY TWO EMPLOYEES IN THE CITY.

WE'VE GOT A LOT MORE EMPLOYEES TO TO TO ADDRESS ISSUE TO ADDRESS.

SO. THAT'S WHY A 3% CAP DOESN'T MAKE SENSE.

I LIVE IN THE CITY JUST LIKE EVERYBODY ELSE.

AND I PICK UP MY PHONE.

I WANT SERVICE.

I DON'T WANT IT. 20 MINUTES AGO.

I DIDN'T WANT TO AN HOUR AGO.

I WANT IT NOW.

BECAUSE I PAY MY TAXES.

YOU KNOW, SO UTILITIES, WHEN I FLUSH MY COMMODE, I WANT THE WATER TO GO DOWN, NOT COME UP BECAUSE I PAY MY TAXES.

[01:35:05]

AIR FORCE PROTECTING US.

24 SEVEN.

BECAUSE I PAY MY TAXES.

OKAY. SO.

AND IF YOU LOOK AT THIS, THIS SLIDE YOU GAVE US, SLIDE 22 COUNCILMAN FELIX POINTED OUT, I MEAN, WE SLIDE IT NOW, WHICH IS GREAT.

WE GO NOW.

I SAID WE SHOULD HAVE STOPPED AT 7.8.

378 LAST YEAR WOULD HAVE HELD THAT MILITARY.

YOU'VE BEEN IN MUCH BETTER SHAPE.

WE ARE NOW.

WE COULD HAVE REDUCED IT FROM THE 7.8.

OKAY. BUT WE DID. WE PASSED THE WE DID A 3% CAP.

I VOTED FOR. I DIDN'T WANT TO VOTE FOR IT, BUT I VOTED FOR IT.

NOW THE CURRENT RATE BY COUNCILMAN FILIBERTO SAID WE SHOULD STAY AT.

I'M IN AGREEMENT WITH THAT.

I REALLY WANT TO GO BACK.

THE ONE WE HAD LAST YEAR.

PROBABLY BE PERSECUTED WITH ME IF I SUGGEST THAT.

BUT JUST BEING JUST TALKING OUT OF MY HEAD, I THINK WE SHOULD STAY AT THIS CURRENT RATE.

BECAUSE WE ARE IN A RECESSION AND WE'RE IN HIGH INFLATION AND THINGS ARE GOING TO COST MORE.

SALARIES ARE GOING TO INCREASE.

WE DON'T HAVE THE MONEY TO TO TO WRITE NOW TO BUILD A FIRE STATION, ONE FIRE STATION.

IT'S GOING TO TAKE OVER A YEAR TO GET THE FIRE STATION BUILT AND PROBABLY ANOTHER YEAR TO GET PEOPLE IN THERE READY TO TRAIN AND READY TO SERVICE THAT FIRE STATION. AND THAT'S CRITICAL TO EVERYONE'S SAFETY THAT LIVES IN THE STATE OF FLORIDA.

YOU'RE DRIVING PAST PALM BAY ROAD AND YOU HAVE AN ACCIDENT.

YOU WANT. YOU WANT TO BE WANT THE NEAREST FIREFIGHTER ENGINE TO GET THERE.

SAVE YOU. SO.

THE TAXABLE VALUE.

WE GO WITH THE CAP.

IT MIGHT BE TWO YEARS DOWN THE ROAD.

IT'S NOT GOING TO BENEFIT US.

WE NEED THE BENEFIT.

WE NEED TO GET THE TAXABLE BENEFIT FOR ALL THIS NEW CONSTRUCTION.

IF WE DON'T, WE LIKE MR. BILL BATSON SAID WE NEED TO PUT A MORATORIUM ON IT.

IF WE'RE NOT GOING TO BENEFIT FROM IT.

WE NEED TO STOP IT.

AND I'D BE CRAZY TO STOP THIS.

SO I WANT THE PEOPLE THAT CAN AFFORD THE $350,000 HOME PAY MORE TAXES THAN THE PEOPLE THAT HAVE BEEN LIVING HERE OVER 20 YEARS. BECAUSE THEY COULD IF THEY COULD BUY $350,000 HOME, THEY COULD PAY MORE TAXES.

AND THE HOMES ARE GOING UP EVERYWHERE.

AND AND AND THESE HIGH RENT APARTMENTS, THEY COULD PAY 1700 FOR A APARTMENT.

THEY COULD PAY MORE TAXES.

IT COULD PAY A $2,000 MORTGAGE THAT COULD PAY MORE TAXES.

SO I'M GOING TO GET OFF MY SOAPBOX, MAYOR.

I AM FOR MAINTAINING THE CURRENT RATE.

WELL, I HAD A. WE KNOW THAT WE'RE WE'RE ACTUALLY TALKING ABOUT DOWN RANGE A LOT.

RIGHT. THIS 3% CAP WAS VOTED IN BY THE PEOPLE.

AND IN THAT.

WE STILL HAVE TO CONTINUE.

DOWN THAT RANGE, DOWN THAT SAME PATH AS THEY VOTED ON, IT WAS VOTED ON BY THE PEOPLE.

NOW, THIS YEAR, THERE'S AN OPPORTUNITY TO TO RELEASE THAT.

RIGHT. HOWEVER, THAT MAY NOT OCCUR.

AND IF IT DOESN'T OCCUR, WE'RE LOOKING DOWNRANGE AT IT CONTINUALLY TO PROGRESS IN THE DIRECTION THAT YOU OUTLINED IN THAT CHART. AND SO WE NEED TO START THINKING OF WAYS HOW WE'RE GOING TO ALLEVIATE THAT.

PERHAPS PART OF THE DISCUSSION IS WE DON'T MAINTAIN TWO MONTHS.

WE GO BACK TO THE 10% OF OF KEEPING THAT IN RESERVES.

THOSE ARE THE DISCUSSIONS WE'RE ALL GOING TO HAVE TO HAVE BECAUSE WE DEFINITELY CANNOT SUSTAIN WHAT DIRECTION THIS IS GOING, ESPECIALLY AS WE CONTINUE TO GROW AND AND THE SERVICES I KNOW THAT WE'RE NOT SETTING THE MILITARY TODAY.

WE WOULD BE SETTING THAT IN A FUTURE MEETING.

[01:40:04]

THE PROPOSED IS ESSENTIALLY YOUR MAXIMUM LIMIT THAT YOU'RE ABLE TO TAX ON.

SO THE PATTERN USUALLY WHAT MUNICIPALITIES ARE TAXING AUTHORITIES DO IS IS THEY GO IN AT MAINTAINING THE CURRENT AND THEN YOU CAN ALWAYS REDUCE YOU CAN ALWAYS GO DOWN, BUT YOU CAN NEVER GO ABOVE THAT RATE.

THANK YOU, MA'AM. AND THAT WAS THAT WAS MY POINT.

ONE WANTED TO MAKE SURE THAT WE WE DON'T UNDERCUT OURSELVES, BECAUSE I DO AGREE WE'VE GOT SO MUCH THAT WE NEED TO PROVIDE.

ALL OF OUR FIRST RESPONDERS ARE IN IN A SITUATION THAT THEY NEED TO PROVIDE TO CUT OUR OUR RESPONSE TIMES.

AND I BELIEVE THAT LIFE IS IS THE THE VERY ESSENCE OF WHAT WE PROVIDE AS A GOVERNMENT RIGHT TO SUSTAIN THAT.

AND BECAUSE OF THAT, I'M AN AGREEMENT WITH MY COLLEAGUES THAT WE SHOULD MAINTAIN THAT RATE.

BUT I ALSO WANT TO SHARE WE NEED TO START LOOKING AT NEXT YEAR WITH THIS CAP BECAUSE WE CANNOT SUSTAIN THIS.

THE WAY WE CONTINUALLY GO ARE GOING.

I'M NOT SURE HOW THE VOTERS ARE GOING TO VOTE.

I BELIEVE THAT IF WE CONTINUE TO PROVIDE THE EDUCATION THAT YOU.

SO YOU'RE ONE OF THE GRACE GREATEST COMMUNICATORS WHEN IT COMES TO BUDGET I'VE EVER ENCOUNTERED.

AND I'VE BEEN PART OF GOVERNMENT FOR DECADES TO INCLUDE IN THE MILITARY.

AND I WANT TO THANK YOU FOR THAT.

YOU ARE SUCH A GIFT TO US.

BUT I WANTED TO TO TO ALSO JUST MAKE MY COLLEAGUES AWARE THAT WE'RE GOING TO HAVE TO START SHARPENING OUR PENCILS HERE BECAUSE. WE'RE IT'S IT'S GOING IN THE WRONG DIRECTION AND WE'RE GOING TO HAVE TO GET CREATIVE.

BUT WE WILL NEVER SACRIFICE PUBLIC SAFETY.

THAT, TO ME, IS IMPERATIVE.

AND THAT IS THE REASON FOR GOVERNMENT.

THAT IS TRULY THE REASON FOR GOVERNMENT.

YOU PLACED IT WELL.

THE RESPONSE TIMES IS CRITICAL AND OUR INFRASTRUCTURE HAS GOT TO MAINTAIN THE POPULATION.

WE'RE UNIQUE. WE'RE THE HIGHEST POPULATED CITY IN THIS COUNTY AND WE HAVE RESTRICTIONS THAT THAT WE FACE.

BUT THAT'S THE CARDS THAT WE WERE DEALT WITH.

AND WE'RE GOING TO HAVE TO COME UP WITH SOME INGENUITY.

I DON'T CARE IF WE HAVE TO DO THESE WORKSHOPS TOGETHER AND SHARPEN OUR PENCILS WITH CREATIVE IDEAS.

I HOLD YOU IN HIGH ESTEEM, MA'AM.

YOU WITH YOUR WITTINESS.

I KNOW THAT YOU COULD COME UP WITH, YOU KNOW, DIFFERENT, DIFFERENT IDEAS, BUT WE'RE ALL PART OF THIS.

AND YOU WANT TO TALK ABOUT AN ONCOMING RECESSION.

I JUST FILLED UP FOR $83.

$83, GENTLEMEN.

MINE WAS 103.

WOW. AND I WASN'T.

WELL, LET ME JUST GO ON THE RECORD IS SAYING MY I WASN'T ON EMPTY.

OH, I WAS I IT SAID SEVEN MILES LEFT.

I HAD FUMES.

WHAT WAS UNFORTUNATE WAS THAT I KNEW I MAY NOT HAVE TO ENOUGH GAS TO COME HERE.

BY THE WAY, YOU SHOULD GAS UP AT THE BASE IF YOU CAN.

BUT I WAS IN MERRITT ISLAND AND I HAD THE GAS UP AND IT WAS $83.

I, I REALIZE I DON'T WANT TO PUT THIS ON THE BACKS OF OUR RESIDENTS BECAUSE I'M GOING THROUGH THE SAME THING.

SO I'LL END WITH THAT.

BUT AT THIS TIME, I'LL LET MY COLLEAGUES KNOW I'D RATHER WORK ON MAINTAINING WHAT WE DID LAST YEAR, AND THEN WE'LL SEE HOW WE COULD DRAW THAT BACK.

SO I'M GOING TO LET MADAM SHERMAN GIVE US SOME SOME INSIGHT AND WHAT ELSE SHE NEEDS.

THANK YOU, MAYOR ANGELICA.

GREAT JOB. I APPRECIATE IT.

ECHO EVERYTHING COUNCIL SAID.

SO I APPRECIATE THE CLARITY.

ONE THING TO NOTE, BASED ON CURRENT CONVERSATION, IF WE DO MOVE IN A DIRECTION TO EXCEED THE CAP, I WILL HAVE TO CONFER WITH THE CITY ATTORNEY'S OFFICE BECAUSE IT DOES REQUIRE A VOTE OF FOUR OUT OF THE FIVE AND IT DOES REQUIRE SOME INTERPRETATION AND OPINION, I GUESS, OF WHAT THE REASON IS THAT WE BREAK THE CAP.

RIGHT. AND AS YOU KNOW, IN THE CHARTER IT'S EMERGENCY OR CRITICAL NEEDS.

SO I'LL BE SPEAKING WITH CITY ATTORNEY SMITH TO WORK THROUGH THAT A LITTLE BIT IN ADVANCE OF OUR NEXT MEETINGS TO TALK ABOUT THE BUDGET SO THAT WE WE PRESENT THAT TO YOU.

[01:45:07]

AND IF THERE ARE OTHER THINGS THAT YOU WANT US TO BE LOOKING AT AS WE BUILD OUR PLAN FOR THE BUDGET.

WE'D LOVE TO HEAR THOSE AS WELL.

BEYOND WHAT WE'VE TALKED ABOUT RELATED TO MILITARY, THE VERY HIGH LEVEL, ONE OF OUR PRIMARY GOALS, AS YOU KNOW, IS TO CONTINUE TO PROPERLY FUND.

WELL, LET ME SAY THAT TO PROPERLY FUND ROAD MAINTENANCE IN THE FUTURE.

SO JUST A COUPLE OF THINGS THAT WERE NOTED, BUT I JUST WANTED TO BRING BACK TO YOU.

WE STARTED DOWN A PATH EARLIER THIS YEAR, EARLIER THIS MONTH TO TAKE THE CRA FUNDING AND PUT THAT INTO ROAD MAINTENANCE FUND AS A ONE TIME STRATEGY WOULD BE LOOKING FOR SOME GUIDANCE FROM COUNCIL.

IF YOU'D LIKE TO SEE SOMETHING LIKE THAT HAPPEN IN THE FUTURE BUDGET YEARS AS WE GET CLOSER TO THE 2024 END OF THE SIERRA.

THAT IS ONE STRATEGY WE COULD EXPLORE AS A PARTIAL PERMANENT SOLUTION.

ANOTHER THING THAT WE'VE DISCUSSED A LITTLE BIT INTERNALLY IS THE STRATEGY OF HAVING A DEDICATED SET ASIDE AMOUNT.

SO THAT JUST GETS PULLED OUT OF THE BUDGET.

THAT'S LIKE A YOU'VE HEARD THE PRESENTATIONS FROM OUR CITY ENGINEER.

SO ON ON AVERAGE YOU'RE LOOKING AT A THREE, $4 MILLION YOU SHOULD BE PUTTING IN EVERY YEAR TO ROAD MAINTENANCE.

SO WE'RE NOT THERE YET, BUT WOULD LIKE TO BE.

SO JUST THOSE ARE A COUPLE JUST REAL QUICK POINTS.

NOT TO BELABOR. SO THAT'S ONE PRIORITY.

SECOND PRIORITY HAS ALREADY BEEN TALKED ABOUT TONIGHT, BUT WE ARE ABSOLUTELY IN PURSUIT OF THE WHITE AND BLUE CONTRACTS TO GET THOSE WRAPPED UP.

THERE WILL BE SOME DISCUSSION WITH THEM THAT WILL BRING UNDOUBTEDLY SOME INCREASES AS WELL AS THE SALARY SURVEY.

SO THOSE ARE ALSO REMAINING TO BE OUR HIGH PRIORITY ITEMS. AND LAST BUT NOT LEAST, IS GOING TO BE TRYING TO KEEP WORKING ON OUR CAPITAL INVESTMENTS TO REPLACE THE THINGS THAT WE HAVE THAT NEED TO BE REPLACED. AND THEN WE GO BEYOND THAT AND WE'RE GOING TO, I KNOW, HAVE A WORKSHOP TO TALK ABOUT POLICE AND FIRE NEEDS FOR THE GROWTH OF THE CITY AS WELL AS IMPACT FEES.

THAT WAS REQUESTED THE LAST MEETING.

I JUST WANT YOU TO KNOW THAT IF THAT IS ONE OF YOUR PRIORITIES, THEN IF WE END UP IN AN ENVIRONMENT WHERE WE GO, WE MAINTAIN THE 7.5595, WE WILL NEED TO PRIORITIZE WHAT'S THE MOST IMPORTANT THING FOR COUNCIL? BECAUSE I HAVE THE USUAL TOO MANY NEEDS RIGHT NOW ON THE FUNDING, WHICH IS WHICH IS FINE.

BUT IF YOUR GOAL IS TO TAKE, FOR EXAMPLE, ONE OF THE SLIDES WE SHOWED YOU.

STAFF, THE FULL FIRE STATION AT 12 NEW OFFICERS.

IF THOSE ARE THE PRIORITIES YOU WANT US TO TARGET, THEN THOSE BECOME LIKE OUR FIRST FUNDING ITEMS AND EVERYTHING ELSE IS WHAT'S LEFT.

SO. SO JUST WANTED TO THROW THAT OUT THERE.

IF THERE'S ANY ADDITIONAL DIRECTION YOU WANT US TO TAKE ON AS THE HIGHEST PRIORITIES FOR YOU IS TO SEE US GROW LIKE IN THOSE AREAS.

PLEASE LET US KNOW YOUR START.

YES, SIR. IF YOU DON'T MIND, I'LL START WHEN IT COMES TO THE C.R.A..

I UNDERSTAND THE FUNDING SOURCE FOR THE ROADS.

AND PERHAPS WE COULD.

THE WAY I LOOK AT IT IS IF WE PROVIDE MORE OPPORTUNITIES FOR COMMERCIAL AND GIVE THOSE INCENTIVES RIGHT.

I THINK WE'RE GOING TO INCREASE THAT TAX BASE AND ULTIMATELY BE ABLE TO FUND MORE ROADS.

RIGHT. PRODUCE THAT TO THE GENERAL FUND.

SO THOSE ARE MY THOUGHTS WITH THAT.

IF COUNCIL AGREES, MAYBE WE COULD TAKE A PORTION OF THAT AND MAKE INCENTIVES, BUT NOT JUST A BCR ARRAY OF BUSINESS INCENTIVES JUST WITHIN THE BCR, BUT THROUGHOUT AND CONCENTRATED THROUGHOUT OUR CITY SUCH AS THE COMPOUND, CREATE SOME TYPE OF OF OPPORTUNITY FOR SOMEONE TO COME IN THERE AND BUILD AN INFRASTRUCTURE, GIVE THAT TYPE OF INCENTIVES.

THOSE THOSE ARE THOUGHTS.

I BELIEVE WE'LL GAIN MORE WITH COMMERCIAL OPPORTUNITIES, WHETHER THEY'RE TECHNICAL OR ABOUT TO SEND.

WE WERE ABOUT TO LAUNCH BACK TO THE MOON.

THAT'S THE FIRST THING. AND THEN THERE ARE 13 DIFFERENT COMPANIES THAT WANT TO DO BUSINESS.

A KENNEDY AT CAPE CANAVERAL SPACE FORCE STATION.

THERE ARE 13 LINED UP THAT WANT TO DO MORE LAUNCHES.

NOW, THAT'S A TYPE OF BUSINESS THAT WE SHOULD BE GEARING TOWARDS TECHNOLOGY WISE AND CREATING THAT TYPE OF JOBS HERE WITHIN OUR CITY.

SO THAT THAT'S MY PASSION WHEN IT COMES TO CREATING THOSE INCENTIVES FOR BUSINESSES.

AS FAR AS OUR PUBLIC NEED PRIORITY, WHERE I STAND IS PUBLIC SAFETY.

THE FIRE STATION.

I'VE ASKED TO TAKE SOME OF THAT FUNDING AND I KNOW I GOT A FEW THUMBS UP AT LAST COUNCIL WHERE WE CAN TAKE $1.3

[01:50:09]

THEN ON THE SAME SIDE OF THAT, WE HAVE SO MANY OTHER INFRASTRUCTURE NEEDS, RIGHT WHEN IT COMES TO PUBLIC SAFETY, OUR LAW ENFORCEMENT OFFICIALS AND THEIR EQUIPMENT.

SO I REMEMBER.

AND THESE ARE THOUGHTS, GENTLEMEN.

THESE ARE IDEAS.

EVERYONE CAN WEIGH IN WHAT THEIR THOUGHTS ARE.

I REMEMBER WE HAD A SIGNED $5 MILLION OF ARPA FUNDING TOWARDS OUR AFFORDABLE HOUSING AND HOMELESSNESS.

RIGHT. I'M NOT SAYING THAT WE DON'T NEED THAT.

WHAT I AM SAYING IS WHEN I BUDGET MY HOME, YOU KNOW, THERE ARE THINGS THAT I WANT AND THERE'S THINGS THAT I NEED, LIKE I NEED FPL, ESPECIALLY IN THE SUMMERTIME BECAUSE I LIKE SLEEPING IN A COOL NIGHT.

RIGHT. AND SO MY THOUGHTS ARE I KNOW THAT WE INITIALLY STARTED WITH 1 MILLION, THEN WE BUMPED UP TO 2 MILLION, AND THEN ALL OF A SUDDEN WE WENT TO FIVE.

MAYBE WE COULD TAKE SOME OF THAT FUNDING, WHETHER IT'S 2.5 OF IT.

RIGHT. JUST THE THOUGHT, GUYS, AND WRAP IT AROUND THINGS THAT WE MIGHT BE ABLE TO USE IT, LIKE IN PUBLIC SAFETY THAT WOULD QUALIFY WITH.

I'M NOT SURE ABOUT INFRASTRUCTURE WISE, BUT CERTAINLY SOMETHING ALONG THOSE LINES, WHATEVER WE COULD USE IT FOR.

I DON'T KNOW THE CRITERIA FOR EVERYTHING, BUT CERTAINLY THERE'S $5 MILLION, I THINK, THAT WE COULD COMPROMISE AND USE WHERE ANY ANY FUNDS COULD BE REVERTED.

DON'T KNOW IF THAT. THAT FITS.

I DON'T KNOW IF IT DOESN'T FIT THE CRITERIA, BUT CERTAINLY IT'S JUST A THOUGHT.

SO THOSE ARE MY THOUGHTS.

PUBLIC SAFETY'S PRIORITY FOR ME, AND I'LL START WITH THE OTHER END.

THANK YOU, MAYOR. WHERE SHOULD WE START, SIR? DO YOU WANT TO START WITH.

WITH THE ARPA? DISCUSS THAT FIRST.

WELL, WHATEVER, SIR.

WHATEVER YOU SAY.

AND. AND REGARDING THE ARPA ARP THAT YOU WERE SAYING.

THAT'S KIND OF I WAS I WAS ORIGINALLY OKAY WITH STAFF'S RECOMMENDATION WHEN IT CAME TO WHAT WAS IT, 3 MILLION.

AND THE 2 MILLION WAS JUST LAYING ASIDE, WHICH WE CAN USE, WHICH WE COULD USE FOR SOMETHING ELSE.

AND MADE IT FOR THAT REASON BECAUSE I THOUGHT IT WERE KIND OF LIKE JUMPED INTO QUICK WITH THE ADDITIONAL 2 MILLION WHEN WE COULD HAVE USED IT FOR SOMETHING ELSE.

SO I'M GOING TO AGREE WITH YOU THERE, MARY.

I MEAN, AGAIN, I'M NOT GOING TO CRY OVER SPILLED MILK.

THINGS ALREADY IN THE PROCESS WHEN IT COMES TO PUBLIC SAFETY.

PUBLIC SAFETY IS NUMBER ONE FOR ME.

IT IT'S PART OF THE SOCIAL CONTRACT.

AND LIKE YOU SAID, MAYOR, THAT THAT IS WHAT THE GOVERNMENT, THE PRIME FUNCTIONAL GOVERNMENT IS PUBLIC SAFETY.

SO PUBLIC SAFETY IS GOING BE NUMBER ONE FOR ME.

POLICE, FIRE. THAT INCLUDES CYBERSECURITY, WHICH I FEEL LIKE WE'VE WE'VE ADDRESSED PRETTY WELL HERE IN OUR CITY.

AND THEN, OF COURSE, THE LAGOON AND OUR OUR WATER QUALITY.

I MEAN, I HAD A TOUR UTILITIES THE OTHER DAY.

IT WAS A GREAT TOUR. A LOT OF GOOD THINGS HAPPENING OVER THERE ON THE NORTH CAMPUS.

SO I JUST WANNA MAKE SURE THERE'S GOOD THINGS ARE HAPPENING AND WE'RE LEADING THE WAY WHEN IT COMES TO LAGOON INITIATIVES AND WATER QUALITY BECAUSE THAT IS A THAT RETURNS QUALITY OF LIFE TO PEOPLE, WHICH IS A PUBLIC SAFETY ASPECT, IF YOU WILL.

SO THAT'S ALL I HAVE TO SAY, MAYOR.

THANK YOU. AND THE BC GRAY AS THE SUN SETS BECAUSE IT'S GOING TO SUNSET IN 2024, IS THAT CORRECT? YES, SIR. WHAT ARE YOUR THOUGHTS ON THAT? YES, SIR, I.

MY MY THOUGHTS ON THAT. I MEAN, I'M I'M GOOD WITH DISCUSSING IT AGAIN AND AND REDOING THAT THAT MONEY TOWARDS A FIRE STATION.

AS LONG AS WE HAVE ALL OUR DUCKS IN A ROW LIKE WE PREVIOUSLY DISCUSSED, WE NEEDED 4 MILLION.

I THINK WE THE QUICK MATH WE DID, MAYOR, WAS WE GOT ABOUT 3.5 MILLION WHEN WE WERE DOING OUR MATH UP HERE, YOU KNOW, SO I DON'T KNOW WHERE THAT ADDITIONAL 5 MILLION OR 500,000 IS GOING TO COME FROM. AND WHEN WHEN THESE PEOPLE THAT ARE GOING TO BE GIVING OUT THESE FUNDS, THEY'RE GOING TO LOOK AT THAT.

THEY'RE GOING TO BE LIKE, OH, MAN, THEY GOT THEY GOT 3.5 MILLION THERE.

THEY NEED EXTRA 500,000.

ARE THEY GOING TO GET IT? AND THEN THERE'S GOING TO NOT.

I FEEL THEY'RE JUST GOING DENIALS, BUT THAT'S MY INITIAL ASSESSMENT ON THAT.

BUT THAT'S WHY I LIKED IT FOR THE FOR THE ROAD MAINTENANCE FUND.

WE'RE GOING TO SHOW $1.7 MILLION, PARTNER.

YES, SIR. I THINK THAT GOES A LONG WAY, BUT THOSE ARE MY THOUGHTS.

YEAH. YEAH, I'M AGAIN, IF DISCUSSION AND IF COUNCIL WANTS TO GO FOR IT AND WE GO IN AND MOVE IN THAT DIRECTION.

[01:55:05]

THAT'S RIGHT. THAT'S ALL I WANT. I DO TOO, SIR.

SO IF WE HAVE TO PULL THAT EXTRA 500,000 FROM IMPACT FEES OR FROM SOME OTHER FUNDING SOURCE, I'LL JUST SHOW THAT WE HAVE A TRUE HARD $4 MILLION WHERE WE GET THE STATION BUILT TOMORROW. I'M 100% FOR IT, SIR.

THANK YOU, SIR. MAYOR.

YES, SIR. IF I MAY.

WITH WITH JUST FOUR POINTS OF CLARIFICATION, THE ARPA FUNDING, THE REASON WHY I OPTED TO 5 MILLION IS BECAUSE IT CAN'T BE.

AND I'LL HAVE STAFF ELABORATE, BUT IT CAN'T BE USED TOWARDS THOSE ITEMS. CAN YOU CLARIFY? YOU'RE CORRECT.

WE WERE ABLE TO USE SOME OF THE ORIGINAL ARPA FUNDING FOR SOME NEEDS THAT HAD PUBLIC SAFETY RELATED, FOR EXAMPLE, BODY CAMS. BUT THAT WAS BECAUSE WE WERE USING THE CALCULATION FOR THE LOST REVENUE THAT CAME OUT OF THE COVID SITUATION.

SO THE MAJORITY OF IT IS VERY LIMITED ON WHAT WE CAN DO WITH IT.

SO THERE'S THERE'S NOTHING ELSE REALLY, BECAUSE WE WE COVERED ALL OF THE LOST REVENUE THERE.

THE CATEGORIES ARE VERY LIMITED.

THEY'RE RELATED TO WATER AND SEWER.

AND THERE IS SOME CYBERSECURITY RELATED ITEMS. SO WE COULD LOOK AT SOME OF THE UNFUNDED NEEDS FOR THE CITY IN CYBERSECURITY.

I THINK THAT HAS A POTENTIAL TO BE ELIGIBLE, BUT MOST OF OUR OTHER PUBLIC SAFETY TYPE EXPENDITURES WOULDN'T BE ELIGIBLE, UNFORTUNATELY.

THANK YOU. AND THEN AND THEN WITH THAT WOULD BE GOOD THOUGH THIS CYBERSECURITY CAN LOOK AT IT.

YEAH, I KNOW COUNCILMAN FOSTER'S BEEN A BIG PROPONENT OF THAT TOO, BECAUSE OF RANSOM WRITE RANSOMWARE IN CITIES THAT ARE GOING.

I DIDN'T MEAN IT. YEAH, BECAUSE I THOUGHT WE DID CYBERSECURITY TOO.

WE DID A LITTLE BIT.

I THOUGHT WE DID A LOT.

WELL, WE'VE DEFINITELY YOU ALL HAVE FUNDED A REPLACEMENT TO THE HD PROGRAM, WHICH IS HUGE FOR US BECAUSE THAT IS CYBERSECURITY ISSUE ALL ALL OF IN AND OF ITSELF.

SO THAT WAS A HUGE INVESTMENT, $2 MILLION.

OH. AND THEN WITH THE VCR.

I KNOW, I KNOW. WE GOT TO BRING IT BACK FOR A VOTE, THE NEXT COUNCIL MEETING FOR EVEN TO CONSIDER FOR CONSIDERATION.

BUT, YOU KNOW, WE'RE WITHIN THE SUNSHINE.

SO I WILL I'M SAYING AHEAD OF TIME I WILL SUPPORT THAT FOR RECONSIDERATION OF THE 1.3.

BUT MY THING IS, IF WE PUT UP THAT 1.3 AND, YOU KNOW, OUT OF THE 1.75 MILLION, WE DON'T GET ANYTHING, I STILL THINK IT NEEDS TO GO BACK TO ROAD MAINTENANCE. YOU KNOW, WE'RE PUTTING IT UP.

BUT IF WE DON'T GET ANYTHING, MY INTENTIONS IS I GOT YOU.

I'M TRACKING SO THAT SO SO I DO SUPPORT WHAT YOU'RE SAYING, MAYOR.

BUT JUST IF IT DOESN'T GET FUNDED, THEN THAT'S THAT'S MY INTENTIONS.

NOW, KEEP IN MIND, THERE'S 400,000 THAT WE STASHED FOR THAT INITIAL RIGHT.

SO IT WOULD BE 1.77.

1.7. WE'RE, WE'RE PONYING UP IN THAT GRANT.

YEAH. SO JUST WANTED TO CLARIFY, BUT I'M JUST SAYING I DO SUPPORT THAT, SO I APPRECIATE THAT.

THANK YOU. THAT'S ME.

AND THAT WAS IT. COUNCILMAN FELIX.

IT'S KIND OF COLD IN HERE, MAYOR.

WOULD YOU LIKE MY JACKET? NO, I'M GOOD. I CAN'T HANDLE ANOTHER 10 MINUTES.

WELL, I MEAN, WE OUGHT TO SAY THANK YOU, DEPUTY MAYOR, FOR THE POINT OF CLARIFICATION, BECAUSE I WAS JUST ABOUT TO, YOU KNOW, MENTION SAY SOMETHING IN THAT REGARDS.

I THINK WHAT WE DID WITH DID THE RIGHT THING.

WE GOT TO KEEP IN MIND, AS IMPORTANT AS, YOU KNOW, PUBLIC SAFETY, CERTAINLY THAT'S NUMBER ONE FOR ME AS WELL.

BUT WE GOT TO LOOK AT OUR COMMUNITY AS AS A WHOLE.

RIGHT. IF WE'RE MAKING SURE EVERYTHING ON ONE ASPECT IS GREAT, WE CAN'T.

FORGET. FORGET ABOUT THIS COMMUNITY.

THOSE THAT NEED ALL HELP, THAT'S PART OF WE GOT TO ELEVATE THE WHOLE COMMUNITY TOGETHER AS A WHOLE, BECAUSE IF WE FORGOT IN A SECTOR, WE ALL FAIL. BECAUSE THAT'S ALSO A COMMUNITY THAT NEEDS OUR ATTENTION.

WE NEED TO DO RIGHT BY THEM.

AND AS WE DO SO, WE ALL ROLE AS A WAY ELEVATE THE WHOLE CITY.

SO THAT'S IMPORTANT, I THINK.

I THINK THAT MONEY IT'S MONEY WELL ASIDE FOR A GREAT CAUSE WE YOU KNOW, WE HAVE.

A BUNCH OF ORGANIZATIONS THAT ALREADY, YOU KNOW, HAVE A GOOD EXPECTATION FROM US.

US DOING THE RIGHT THING.

SO WE CAN'T I DON'T THINK WE SHOULD.

WE SHOULD CONSIDER DOING ANYTHING THERE.

NO, WE CAN'T. WE CAN'T ANYWAY.

SO. YEAH.

PRIORITY NUMBER ONE, WE, WE WOULD DISCUSS IT QUITE A BIT TONIGHT.

A PUBLIC SAFETY, YOU KNOW, A FIRE STATION NUMBER ONE FOR ME.

ON THE SAFETY NOTE, I THINK IT'S GOOD TO TALK ABOUT, YOU KNOW.

STREET LIGHTS. I THINK THAT WOULD AS WELL.

[02:00:03]

HIS JOB POTENTIALLY WOULD BE A LOT EASIER AS WE HAVE A CITY WELL LIT IN TERMS OF DOING WHAT THEY DO IN A CITY THAT HAS THE PROPER LIGHTING.

SO THAT'S BEEN SOMETHING THAT'S IMPORTANT TO ME.

IT'S PERSONAL AS WELL.

WE HAVE MAJOR INTERSECTIONS, MAJOR STREETS THAT IS COMPLETELY DARK.

SO I THINK THAT'S SOMETHING THAT AS WE'RE TALKING ABOUT CAPITAL IMPROVEMENTS AND SUCH AND SAFETY, I THINK THAT THAT IS SUPER IMPORTANT.

BUT AGAIN, YOU KNOW, PUBLIC SAFETY.

PUBLIC SAFETY. PUBLIC SAFETY.

THANK YOU. SO WHAT ARE YOUR THOUGHTS ABOUT AS THE BCA SUNSETS CONTINUING TO HAVE INCENTIVES THROUGHOUT OUR CITY AND USING SOME OF THE PORTION FOR THOSE INCENTIVES AND MAYBE EVEN SOME FOR ROAD MAINTENANCE? THAT'S WHERE WE WERE GOING.

AND I DO AGREE I TRACK YOUR YOUR THOUGHT AS FAR AS THE COMPOUND CREATING I DON'T KNOW WHAT WITHIN ALL AUTHORITY OR CAPABILITY TO DO CREATING MAYBE A DISTRICT, SPECIAL DISTRICT.

I DON'T KNOW WHAT THAT WOULD LOOK LIKE BUT IF THAT'S WHAT HE TAKE, BECAUSE WE WOULD LOVE TO SEE GET SOME TRACTION OUT THERE, WHATEVER IT TAKES, IF THAT'S SOMETHING THAT WOULD THEN SOMETHING WE CAN DO.

I WOULD SUPPORT THAT THOUGHT.

I LIKE THAT IDEA.

MAYOR I WOULD SUPPORT THAT.

POPPY THAT IT COULD BE JUST COMMERCIAL WISE AND, YOU KNOW, THE TECHNOLOGY BASE OR EVEN THROUGHOUT OUR CITY.

BUT I APPRECIATE THAT.

IT'S A GREAT I THINK IT WILL INCREASE OUR TAX BASE TO BE ABLE TO ADD ON TO OUR INFRASTRUCTURE IN OUR ROADS.

ARIAN COUNCILMAN FAWCETT.

IT'S WHAT I JUST WANT TO.

I AGREE WITH YOU, MAYOR.

I THINK WE NEED TO.

HAVE SOME TYPE OF TECHNOLOGY ZONE IN THE COMPOUND TO TRY TO TRACK THESE BUSINESS DEALS WITH THE SPACE SPACE INDUSTRY, BECAUSE THAT SEEMED LIKE IT'S GOING TO BE THE FUTURE.

WE'RE GOING TO HAVE MORE LAUNCHES EVER IN THE NEXT COUPLE OF YEARS THAT'S COMING.

SO I THINK THAT'S AN ADVANTAGE WE COULD TAKE.

WE COULD TAKE ADVANTAGE OF THAT.

WE NEED TO LOOK TO TAKE ADVANTAGE OF THAT.

TO ANSWER THE THE CITY MANAGER QUESTION FOR ME.

IT'S PUBLIC SAFETY.

YOU KNOW WHO WOULD'VE FIGURED? BECAUSE I'VE BEEN IN PUBLIC SAFETY ALL MY LIFE, AND I KNOW THE CONSEQUENCES WHEN YOU DON'T HAVE THE PROPER LAW ENFORCEMENT OR RESPONSE OR FIRE RESPONSE.

AND I THINK THAT'S OUR NUMBER ONE JOB TO KEEP PALM BAY SAFE.

AND I DON'T WANT TO EVER FAIL IN DOING THAT.

SO PUBLIC SAFETY.

WE NEED TO GET THEM FIRE STATIONS.

THAT'S JUST AS CRITICAL TO ME IS MAINTAINING OUR ROADS.

YOU COULD BUILD A FIRE STATION LIKE THE ONE RIGHT IN FRONT OF CITY HALL.

BEEN THERE FOR YEARS.

AND ONCE IT'S THERE AND IT'S FULLY OPERATIONAL, EVERYBODY ARE GOING TO BENEFIT FROM IT.

SO. WE'RE GOING TO KEEP GROWING.

WE NEED FIRE STATIONS, WE NEED FIREFIGHTERS, WE NEED POLICE OFFICERS.

SO THAT'S MY NUMBER ONE AND ALSO NUMBER TWO.

WE'VE GOT TO TAKE CARE OF OUR EMPLOYEES.

BUT WE WON'T HAVE A CITY GOVERNMENT.

WE GOT TO TAKE CARE OF OUR UNION EMPLOYEES.

AND WE DID IT WITH THE POLICE AND THE FIRE.

WE NEED TO DO WITH AGE.

WHITE, BLUE.

SO. WE HAD A HUGE GAP IN REVENUE BECAUSE OF SALARY.

WE HAVE POSITIONS WE GO ON THE CITY WEBSITE THAT'S NOT BEING FILLED.

YOU KNOW. SO WE NEED TO TAKE CARE OF OUR EMPLOYEES.

WE NEED TO MAKE SURE THAT THIS IS AN ENVIRONMENT THE CITY GOVERNMENT IS ENVIRONMENT WHERE PEOPLE WANT TO COME TO WORK FOR.

I DON'T THINK OTHER CITIES HAVE THIS PROBLEM IN BREVARD COUNTY.

I DON'T THINK MELBOURNE HAS THIS PROBLEM.

THE AMOUNT OF OPENINGS THAT WE HAVE VERSUS THEY HAVE.

SO WE ALWAYS COMPETING FOR THE BEST EMPLOYEES.

IT'S A COMPETITION WITH THE POLICE SALARY, FIRE SALARIES, UTILITIES.

YOU KNOW, PUBLIC WORKS.

WE HAD A COMPETITION WITH COMPETING.

[02:05:03]

SO THEN MY TOP PRIORITY, PUBLIC SAFETY.

I WOULD LIKE TO SEE A FIRE STATION BUILT.

I KNOW WE CAN'T GET IT DONE IN TWO YEARS, BUT MAYBE WE COULD GET TWO DONE BY 2024.

BUT WE'VE GOT TO GET IT DONE BECAUSE.

WHEN WHEN THE.

WHEN THE EMERGENCY COME, THAT'S WHO YOU'RE GOING TO BE CALLING A FIREFIGHTER OR A POLICE OFFICER.

WELL, IF YOU, ME OR ANYTHING ELSE, MADAM SHERMAN.

I'M GOOD. THANK YOU, SIR.

MADAM ATTORNEY.

ANYTHING? OK, CNN.

WE'RE ADJOURNED.

* This transcript was compiled from uncorrected Closed Captioning.