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[00:00:01]

SO IT'S 6:33 LIKE TO CALL THIS MEETING TO ORDER THIS BEING MEETING 2022 TO 12 OF THE CITIZENS BUDGET ADVISORY BOARD ON WEDNESDAY,

[CALL TO ORDER]

DECEMBER 14. CAN WE HAVE A ROLL CALL, PLEASE? THAT'S RANDALL OLSZEWSKI.

PRESENT IN WHITE SCALES.

PRESENT CONLEY.

OR WE HAVE A QUORUM. THANK YOU, SIR.

AND WE WOULD ENTERTAIN ANY PUBLIC COMMENTS.

DON'T HAVE ANY MEMBERS IN THE PUBLIC IN THE CHAMBER THIS EVENING.

HOPEFULLY WE HAVE SOME VIEWERS ONLINE.

WE JUMP INTO NEW BUSINESS.

JUST LIKE TO THANK EVERYBODY FOR BEING HERE THIS EVENING.

LIKE TO SHARE WITH EVERYBODY OUT LOUD THAT THIS IS OUR OUR FULL BOARD CURRENTLY AT FOUR MEMBERS.

WE HAD A COUPLE OF TERMS EXPIRE, INCLUDING MR. WHITE'S WHICH WAS RENEWED IN IN COUNCILMAN FILIBERTO AND HIS NEW TERM IS REAPPOINTED MR. WHITE. SO MR. WHITE WILL CONTINUE TO JOIN US, CONTINUE TO BE OUR VICE CHAIR.

BUT WE DO HAVE AN OPENING WITH COUNCILMAN JOHNSON'S SEAT, AS WELL AS OUR TWO AT LARGE POSITIONS.

SO I JUST WANT TO BRING ATTENTION TO THAT.

AND AGAIN, THANK YOU ALL FOR BEING HERE.

WE HAVE A NICE QUORUM AND WE'LL BE ABLE TO GET INTO TODAY'S BUSINESS, WHICH WE HAVE AS THE TAX BILL PRESENTATION.

[1. December Tax Bill Presentation]

SO WE HAVE OUR OUR TAX EXPERTS ARE AT THAT.

OUR BUDGET EXPERTS ARE GOING TO TALK US THROUGH PROPERTY TAXES AND TAXING AUTHORITIES AND THE CONSTRUCT OF THE BILL AND THINGS OF THIS SORT.

I WON'T SPEND TOO MUCH TIME PRIMING IT UP, BUT I'LL TURN IT OVER TO OUR STAFF REPRESENTATIVES.

NOW MAKE A COMMENT FIRST.

UM, SO WHEN I DESIGNED A FLIER FOR THIS PROGRAM AND WHEN I SENT IT OUT, I GOT A RESPONSE BACK BY THE CITY BECAUSE I WANTED YOU ALL'S INPUT, BECAUSE THAT'S WHAT WE TALKED ABOUT ONCE I CREATED, I WANTED TO SHARE IT, BUT BECAUSE I COULDN'T SHARE IT, BECAUSE I KEEP FORGETTING ABOUT THE SUNSHINE LAWS, BUT I UNDERSTAND IT.

AND SO WHEN I CREATED THIS, IT WENT OUT SAYING THAT WE WERE GOING TO THE FIRST 50 PEOPLE THAT COME.

WE COULD GIVE THEM PRIZES AND THE COMBO WAS GOING TO THE ORGANIZATION THAT I WORK WITH WAS GOING TO PRESENT 50 PRIZES.

SO WE CAN GIVE PEOPLE PRIZES LIKE DOLLAR STUFF, NOT EXPENSIVE.

AND THEN WE ALSO I HAD TALKED TO A REPRESENTATIVE AT THE TAX COLLECTOR'S OFFICE AND ASKED HER BECAUSE I WAS TRYING TO GET THE FLIER DONE EXPEDIENTLY.

SO I HAD BEEN ASKING THEM ABOUT SOMEBODY WHO COULD COME OUT.

AND ACCORDING TO THE REP THAT I TALKED TO, SHE WAS LIKE, SURE, THAT SHOULD BE POSSIBLE, BUT YOU KNOW, YOU GOT TO DO THIS, THAT AND THE OTHER.

SO WHEN SHE SAID YES, IT COULD BE POSSIBLE.

SO THEN I PUT IT ON HERE THAT WE'LL GET SOMEBODY FROM THERE.

AND THAT WAS A MISSTEP, IN MY JUDGMENT, BECAUSE WHEN I WENT BACK AND TALKED TO THEM, SHE SAID, WELL, NO, GET THE QUESTIONS AND SEND THEM TO US AND THEN WE'LL SEND YOU THE ANSWERS.

SO THAT WAS A MISSTEP AS WELL.

BUT I JUST WANTED TO LET YOU KNOW, THIS IS WHAT IT LOOKED LIKE.

AND I DID DO A RETRACTION BECAUSE I DID, BUT I SENT IT TO THE CITY BECAUSE THEY TOLD ME I NEED TO RETRACT WHAT I SENT OUT.

SO I REDID IT AND SENT IT BACK TO THE TO THE TO STAFF.

AND THEN I GUESS WHEN THEY SAW IT, THEY SAID, WELL, WE'LL PUT SOMETHING OUT TO THE COMMUNITY.

SO I HADN'T SEEN WHAT WHAT ACTUALLY WENT OUT TO THE COMMUNITY AFTER THE RETRACTION WASN'T.

MOVING FORWARD.

WHAT WENT OUT. YES. SO IT WAS ACTUALLY POSTED ON SOCIAL MEDIA LAST FRIDAY.

AND THEN AS A REMINDER TODAY.

OCH, YEAH.

I JUST WANT THE BOARD TO KNOW THAT, YOU KNOW, THOSE THINGS HAPPENED AND YOU DIDN'T KNOW ABOUT THEM.

BUT NOW YOU DO. OR YOU MIGHT.

I'D LIKE TO SAY THANK YOU.

DID. I KNOW YOU WERE VERY ENERGIZED BY THIS PROGRAM.

AND. TO HOLD ON TO THIS.

I WOULD LIKE TO JUST MAYBE DO THIS ANNUALLY.

BILL. I JUST LIKE THAT FLIER.

BUT I DIDN'T MAKE IT SOMEBODY.

BUT AT LEAST I KNOW THAT WE CAN'T BE GIVING OUT PRIZES AND STUFF BECAUSE I WAS DOING INCENTIVE KNOW TO GET PEOPLE TO COME.

RIGHT. THINKING LIKE PEOPLE THINK I UNDERSTAND THAT.

WELL, THANK YOU VERY MUCH. THANK YOU FOR YOUR CONTRIBUTIONS.

MS.. KLING. SCALES AND AND THANK YOU, MS..

CONNOLLY, FOR YOUR SUGGESTION ABOUT MAYBE MAKING THIS A TRADITION.

I THINK THAT THIS IS SOMETHING WE PRACTICE, WE CAN GROW INTO.

I THINK WE CAN LAY A NICE FOUNDATION WITH THIS EVENING.

WE'LL HAVE IT ARCHIVE NO MATTER WHAT.

WE'LL HAVE THE VIDEO AND WE'LL BE ABLE TO REFERENCE IT MOVING FORWARD AND SOMETHING THAT WE DEFINITELY NEED TO DO AS WE CONTINUE OUR WORK AS A BOARD AND AS WE FILL BACK OUT.

AND THAT'S WHY I HIGHLIGHT THE OPEN SEATS IS JUST FRAMING UP OUR ORDERS OF BUSINESS AND AND OUR CYCLE AND OUR CALENDAR.

[00:05:03]

AND WE SHOULD CERTAINLY HAVE EVENTS LIKE THIS ON IT.

AND WHEN WE HAVE THAT AND WE HAVE THAT HORIZON SET, WE'LL BE ABLE TO BETTER PREPARE AND CROSS ALL OUR T'S AND DOT ALL OUR EYES AND GET EVERYTHING AND WE'LL KNOW MUCH SOONER.

RIGHT? WE WE ALL CAME UP WITH THIS ON THE FLY AND SAID WE'LL GET WHAT WE CAN GET.

AND AND I'M GRATEFUL FOR WHAT WE GOT.

AND AGAIN, I THANK YOU BOTH FOR YOUR SENTIMENTS AND YOUR EFFORTS FOR SURE.

SO THANK YOU.

IS THERE ANY OTHER QUESTIONS BEFORE WE JUMP INTO THE CONTENT? ALL RIGHT, WELL, I'LL TURN IT OVER.

GOOD EVENING. MY NAME IS ANGELICA COLLINS.

I'M THE BUDGET ADMINISTRATOR WITH BOMBAY, AND I'VE JUST PUT TOGETHER A FEW SLIDES FOR YOU THAT ARE GOING TO TALK A LITTLE BIT ABOUT THE PROPERTY TAXES, THE DIFFERENT ORGANIZATIONS OR ENTITIES THAT ARE INVOLVED IN ACTUALLY PAYING PROPERTY TAXES.

AND THEN SO IT'S JUST A FEW SLIDES AND WE'LL HIGHLIGHT THE NOTICE OF PROPOSED TAX INCREASE AND YOUR PROPERTY TAX BILL.

AND AFTER THAT, WE.

UP TO. JUST TO SPEAK ABOUT.

SO THE FIRST SLIDE THAT I HAVE AND THEY HAVE THAT IN YOUR PACKETS IS JUST A BASIC OVERVIEW OF WHAT THE PROPERTY TAXES REALLY ARE, HOW THEY'RE KIND OF GENERATED FROM START TO FINISH ON TURN INTO A BILL TO OUR RESIDENTS IN PALM BAY.

SO FLORIDA PROPERTY TAXES ARE UNIQUE.

SO THEY'RE ESSENTIALLY LEVIED ANNUALLY AND THEY MUST BE PAID IN FULL.

AND IF YOU PAY THEM EARLIER RATHER THAN LATER, YOU ACTUALLY GET A SUBSTANTIAL DISCOUNT.

SO IF YOU LOOK AT YOUR PROPERTY TAX BILL AND YOU DO HAVE A SAMPLE IN FRONT OF YOU, THEY GIVE YOU SORT OF DEADLINES.

SO YOU CAN PAY NOVEMBER, YOU CAN PAY IN DECEMBER.

AND IT ESSENTIALLY. SO EARLY, YOU DO ACTUALLY GET A DISCOUNT FROM THE TAXES THAT ACTUALLY PAY.

SO YOUR TAXES ARE BASED ON THE VALUE OF YOUR PROPERTY AND THEY'RE PAID IN ARREARS.

SO WHAT THAT MEANS IS THAT YOUR THE TAX YEAR, THE VALUATION YEAR RUNS FROM JANUARY 1ST TO DECEMBER 31ST.

AND THEN HYPOTHETICALLY, THE TAX BILL FOR 2022, WHICH THOSE ARE THE TAX BILLS THAT ARE ARE DUE NOW OR THAT YOU'VE SEEN COME IN, ARE BASED ON VALUATIONS ENDING DECEMBER 31ST, 2021.

SO YOU'LL ALWAYS PAYING ESSENTIALLY A YEAR LATER AFTER WHAT THE VALUATIONS ARE.

SO WHO IS ALL INVOLVED IN ACTUALLY DETERMINING THE FINAL TAX BILL? SO FROM START TO FINISH, UNTIL YOU ACTUALLY GET THAT BILL, WHO IS ALL INVOLVED IN THAT? SO YOU'LL HAVE YOUR TAXING AUTHORITIES, WHICH ARE COMPRISED OF YOUR COUNTY COMMISSION, USUALLY YOUR SCHOOL BOARD AND MUNICIPALITIES.

YOU HAVE YOUR PROPERTY APPRAISER SO FOR US, IT'S OUR BREVARD COUNTY PROPERTY APPRAISER.

SO WHAT THAT OFFICE IS JOB REALLY IS, IS THAT THEY COMPLETE THE TAX ROLL.

SO THEY ARE THE ONES THAT DETERMINE THE MARKET VALUE AND VALUATIONS OF YOUR HOME, INCLUDING YOUR EXEMPTIONS AND REDUCTIONS.

THEN THEY GO AHEAD AND COLLECT ALL THE TAX RATES FROM THOSE TAXING AUTHORITIES THAT ARE WITHIN THAT COUNTY AND THEY CREATE A TAX ROLL, ESSENTIALLY.

RIGHT. AND THAT TAX ROLL GOES UP TO THE FLORIDA DEPARTMENT OF REVENUE, AND THEY'RE THE ONES THAT ACTUALLY HAVE TO APPROVE IT BEFORE IT COMES BACK TO THE COUNTY TO TURN INTO A BILL. SO IN MID-AUGUST, SO THE NEXT SLIDE, WE'LL TALK ABOUT IT IN DETAIL, BUT YOU RECEIVE THE NOTICE OF PROPOSED TAX INCREASE WHERE ESSENTIALLY IT'S A COMPARISON OF WHAT YOU PAID LAST YEAR TO WHAT YOU MAY PAY IN THE FUTURE.

SO THAT COMES IN THE MONTH OF AUGUST, AND THAT'S WHAT THE COUNTY PROPERTY APPRAISER'S OFFICE CREATES.

SO THEY DO NOT DETERMINE TAX RATES.

THEY ESSENTIALLY JUST DETERMINE YOUR VALUATION AND THEY GATHER ALL THE TAX RATES FROM ALL THE AUTHORITIES AND THEY TURN IT INTO THIS PROPOSED BILL.

THE ONCE THE FLORIDA DEPARTMENT OF REVENUE BLESSES THAT TAX ROLL FROM THE BREVARD COUNTY PROPERTY APPRAISER'S OFFICE, THEN THE PROPERTY APPRAISER GOES AHEAD AND CERTIFIES THAT TAX ROLL TO THE TAX COLLECTOR.

THEY'RE ESSENTIALLY SAYING THAT, YES, THESE ARE VALUATIONS, THESE ARE THE TAX RATES.

FLORIDA DEPARTMENT OF REVENUE HAS BLASTED.

HERE YOU GO.

NOW YOU TURN IT INTO A BILL.

SO THE TAX COLLECTOR ESSENTIALLY BY NOVEMBER 1ST, DO REMEMBER VERSUS LATEST.

THEY'RE THE ONES THAT ESSENTIALLY TURN AND CREATE THE TAX BILL AND SEND THOSE OUT TO RESIDENTS AND COLLECT THE TAXES THAT THE PROPERTY APPRAISERS OFFICE, ALONG WITH ALL THE MUNICIPALITIES.

IF YOU OWNERS HAVE AN ESCROW ACCOUNT, THE MORTGAGE COMPANY WILL GO AHEAD AND PAY THAT THOSE PROPERTY TAXES FOR YOU.

[00:10:01]

SO YOU ESSENTIALLY JUST GET AN INFORMATIONAL NOTICE.

SO JUST SOME PEOPLE MAY NOT ACTUALLY PAY THE PROPERTY TAXES PHYSICALLY WITH A CHECK.

BUT IF YOU DO HAVE AN ESCROW ACCOUNT, THE MORTGAGE COMPANY.

AND. THAT JUST GIVES YOU A LITTLE BIT OF AN IDEA OF THE PROCESS OF SORT OF FROM START TO FINISH HOW A BILL IS ACTUALLY GENERATED.

SO IN A NUTSHELL, YOUR TAX COLLECTOR ACTUALLY DOES NOT DETERMINE YOUR TAXES.

THE TAX COLLECTOR IS THE BILLING AGENT.

YOU THEY COLLECT THE TAXES.

PROPERTY APPRAISER DOES NOT DETERMINE YOUR TAXES.

THE PROPERTY. DO YOUR EVALUATIONS.

AND BASED ON THE RATES THE TAXING AUTHORITIES SUBMIT TO THE PROPERTY APPRAISER, THEY ESSENTIALLY CALCULATE.

COX SO THOSE THREE GROUPS THAT COLLECTIVELY HAVE TO WORK TOGETHER IN ORDER TO CREATE THE TAXES.

WE'RE GOING TO GO AHEAD AND MOVE ON TO THE NOTICE OF PROPOSED PROPERTY TAXES.

SO THAT IS WHAT I HAD MENTIONED.

BY MID AUGUST, PROPERTY OWNERS.

A AND WITHIN THE COUNTY RECEIVE THIS NOTICE.

SO THIS IS AN ANNUAL NOTICE THAT THAT COMES TO EVERYBODY.

THIS DOES, AGAIN, LIKE I MENTIONED, COME FROM THE PROPERTY APPRAISER'S OFFICE.

THIS IS A WORK BETWEEN THEIR VALUATIONS PLUS ALL THE TAXING AUTHORITIES OF OF RATES THAT THEY.

SETTING. AND ESSENTIALLY WHAT THIS DOES IS IT COVERS WHAT YOU'VE PREVIOUSLY PAID, WHAT YOU MAY MAY ANTICIPATE TO PAY IF THERE WAS ANY BUDGET CHANGES AND WHAT MAY PAY WITH THE PROPOSED BUDGET CHANGES THAT EACH TAXING AUTHORITY IS.

GOING THROUGH. SO THEY KIND OF LIST THEM IN COLUMNS.

SO COLUMN ONE HIGHLIGHTS WHAT YOU PAID LAST YEAR, SO THAT SHOULD MATCH YOUR PROPERTY TAX BILL.

THEY ALSO PROVIDE ESTIMATED TAXES WITH NO BUDGET CHANGES.

THIS IS WHAT WE CALL THE ROLLBACK RATE.

SO YOU CAN HEAR THAT A LOT DURING THE BUDGET PROCESS.

THAT IS YOUR COLUMN THREE.

COLUMN FOUR IS YOUR ESTIMATED TAXES WITH PROPOSED BUDGET CHANGES.

THAT IS, IF YOU COME TO OUR BUDGET PROCESS AND OUR WORKSHOPS AND WE ARE GOING INTO THE PROCESS OF PROPOSED RATE.

THAT IS WHAT YOU WILL SEE IN COLUMN FOUR AND THEN COLUMN TWO, ALONG WITH THE BOTTOM PORTION OF THAT.

THAT TEXT NOTICE IS WHAT WE TALK ABOUT, YOUR EXEMPTIONS.

GO INTO EXEMPTIONS IN THE NEXT SLIDE IN A LITTLE BIT MORE DETAIL, BUT EXEMPTIONS ARE A BIG PART OF REDUCING YOUR TAX BILL IN A NUTSHELL. START OUT WITH A MARKET VALUE.

THAT MARKET VALUE IS WHAT YOUR PROPERTY IS WORTH IN THE MARKET.

AND THEN DEPENDING ON WHAT TYPE OF EXEMPTIONS YOU HAVE, IT LOWERS YOUR ACTUAL TAXABLE VALUE OF YOUR PROPERTY.

SO I DON'T WANT TO SAY RARELY, BUT MOST PEOPLE DO NOT PAY TAXES ON A MARKET VALUE.

IF YOU ARE A HOMEOWNER, UNLESS YOU HAVE LIKE AN INVESTMENT PROPERTY OR SUCH.

BUT IF YOU'RE A HOMEOWNER THERE WITH YOUR FAMILY, GENERALLY YOU WILL HAVE EXEMPTIONS THAT REDUCE VALUE OF WHAT YOU ACTUALLY. TO.

IMPORTANT TO NOTE, AND I WILL NOTE THAT THAT.

ONLY PORTION OF THIS NOTICE OF PROPOSED TAX BILL AND TAX INCREASE NOTICE AND THE BILL THAT WE ACTUALLY HAVE ANY KIND OF CONTROL OVER IS THE CITY OF COLUMBUS.

SO I'VE HIGHLIGHTED IT AND I'VE ALREADY ALSO HIGHLIGHTED IT IN THE NOTICE THAT YOU HAVE IN YOUR PACKET.

BUT THE ONLY TAXING AUTHORITY WITHIN THE ENTIRE BILL THAT WE HAVE ANY KIND OF CONTROL OVER AND THAT WE CAN ACTUALLY ANSWER ANY KIND OF QUESTIONS ON IS RELATED TO MUNICIPAL SERVICES, CITY OF PALM BAY AND THE PALM BAY ROAD MAINTENANCE, DEBT PAYMENT, WHICH THAT'S YOUR RIGHT.

SO WE HAVE NO CONTROL OVER COUNTY COMMISSION.

WE HAVE NO CONTROL OVER THE BREVARD COUNTY PUBLIC SCHOOLS, WATER MANAGEMENT DISTRICTS OR ANY OTHER INDEPENDENT.

AT THAT. ON ANY TYPE OF QUESTIONS OR ANY TYPE OF INQUIRIES WOULD HAVE TO GO TO THOSE TAXING AUTHORITIES DIRECTLY, BECAUSE, AS I HAD MENTIONED, THE PROPERTY APPRAISER DOES NOT CONTROL THOSE TAXES, NOR DOES THE CLERK OF COURTS.

SO IF THERE IS ANY QUESTIONS REGARDING ANY TAXES OR RATES FOR THOSE PARTICULAR TAXING AUTHORITIES, THEN THOSE QUESTIONS HAVE TO BE DIRECTED DIRECTLY TO. IN A NUTSHELL, THAT IS WHAT YOUR PROPOSED PROPERTY TAX NOTICE LOOKS

[00:15:07]

LIKE. I'M GOING TO GO INTO EXEMPTIONS ON THE NEXT SLIDE, AND THEN I'M GOING TO KIND OF TOGGLE BACK TO THIS SLIDE SO YOU CAN KIND OF SEE WHERE WHERE I'M PUTTING THE EXEMPTIONS SO YOU CAN KIND OF TALK ABOUT THEM.

AND THEN WE'LL GO BACK TO THE NOTICE OF TAXES.

AND THE MATH IS GOING.

SO I'M JUST GOING TO GO TO THE NEXT SLIDE.

SO THE MAJORITY OF THE HOMEOWNERS, UNLESS YOU'RE SOME KIND OF, LIKE I MENTIONED, INVESTMENT PROPERTY STANDARD HOMEOWNER, YOU SHOULD HAVE TWO TYPES OF EXEMPTIONS.

YOU SHOULD HAVE WHAT I CALL A REDUCTION, WHICH IS THE.

HOMES OR SAVE OUR HOMES.

AND. HOMESTEAD EXEMPTION.

SO HOMESTEAD EXEMPTIONS IS THAT GENERALLY YOU HAVE A $25,000 HOME HOMESTEAD EXEMPTION WITH AN ADDITIONAL $25,000 HOMESTEAD EXEMPTION.

AND THAT JUST SIMPLY MEANS THAT THE TAXABLE VALUE OF YOUR HOME FOR THE NON SCHOOL TAXING AUTHORITIES, INCLUDING THE CITY OF BAY, IS REDUCED BY 50,000. ALL HAVE YOUR MARKET VALUE SO RIGHT AWAY WITH YOUR DOUBLE HOMESTEAD EXEMPTION.

THOUSAND DOLLARS.

YOUR MARKET VALUE ON WHAT YOU'RE BEING TAXED ON, YOU CAN DEDUCT.

AND WHAT WE ALSO HAVE IS.

ACTUALLY NOT BE AWARE THAT THEY HAVE A SAVE OUR HOMES REDUCTION.

WE CALL IT AN EXEMPTION, BUT IT'S SORT OF A REDUCTION OF YOUR.

X VALUES.

SO WHAT THIS SAVE OUR HOME IS THAT BEGINNING IN 1995, IN THE STATE OF FLORIDA OR THE FOLLOWING THE FIRST FOLLOWING YEAR THAT A PROPERTY RECEIVES THE HOMESTEAD EXEMPTION, AS WE JUST TALKED ABOUT.

SO REGARDLESS OF.

MANY YEARS OR IF YOU'RE NEW TO THE AREA OF PURCHASED A HOME.

SO YOU ARE SUBJECT TO RECEIVING OUR SAME.

WHAT SAVE YOUR HOMES ESSENTIALLY DOES IS THAT IT ALREADY CAPS YOUR PROPERTY VALUES AT THREE.

I DON'T WANT TO TALK ABOUT THE CITY'S 3% CAP.

THAT'S A STEP. THAT'S A SEPARATE ITEM.

SO THE SALE OF OUR HOMES, THE ENTIRE STATE OF FLORIDA ITEM, MEANS THAT YOUR MARKET VALUE AND WHAT YOU'RE BEING TAXED ON WILL ONLY INCREASE 3% FROM THE PRIOR YEAR.

SO REGARDLESS OF.

HALF ON.

IF THERE WASN'T A 3% CAP.

I'LL PAY THE VALUATION OF YOUR HOME THAT YOU'RE BEING TAXED ON WILL ONLY INCREASE 3% ANNUALLY.

UM. OR CPI.

YES. SO OR CONSUMER PRICE INDEX.

SO IT COULD BE LESS.

SO THE EXEMPTION INDIRECTLY LIMITS THE ANNUAL PROPERTY TAX INCREASES.

SINCE THE PROPERTY VALUES ARE CAPPED TO THE AMOUNT OF THE 3% OR CPI.

SO. LET'S GO BACK TO THE ACTUAL BILL AND WE'LL KIND OF TALK ABOUT IT.

SO I'M GOING TO GO BACK AND YOU CAN FOLLOW ON THE LITTLE.

SO IN THE SAMPLE THAT I PROVIDED, WE HAVE A HOME THAT HAS FOR THE CURRENT YEAR, A MARKET VALUE OF 226,790, $790.

90,000 226790.

RIGHT. LAST YEAR, THE MARKET VALUE FOR THIS HOME WAS 170,000.

SO YOU SEE THAT THERE'S THERE'S A PRETTY GOOD 50,000 INCREASE THE MARKET VALUE FOR THAT HOME.

WE'RE NOT TALKING ABOUT EXEMPTIONS.

WE'RE NOT TALKING ABOUT REDUCTIONS.

THIS IS JUST STANDARD MARKET VALUE.

WE ALL HAVE PROPERTY.

YOU'VE SEEN YOUR MARKET VALUES INCREASE.

BUT FROM THIS HOME FROM THE PREVIOUS YEARS, WHAT THE WHAT THAT HOMEOWNER RECEIVED LAST YEAR TO THIS YEAR'S BILL WAS AN INCREASE FROM 170,000 TO ABOUT 227,000.

SO THAT'S THE MARKET VALUE.

HOMEOWNER IS ACTUALLY NOT TAXED ON THAT.

SO THE HOMEOWNERS WILL NOT.

REALIZE THAT IN THEIR TAX PAYMENT, BECAUSE THERE ARE EXEMPTIONS AND OUR SAVE OUR HOMES THAT ARE IMPLIED APPLY TO THE MARKET VALUE TO REDUCE IT DOWN TO A TAXABLE VALUE THAT THE TAXES ARE ACTUALLY BASED ON.

SO THIS HOMEOWNER HAS THE STANDARD 25,020 5000.

SO YOU SEE THAT IN THE EXEMPTIONS AT THE BOTTOM, IT SAYS FIRST HOMESTEAD IS 25,000, AN ADDITIONAL HOMESTEAD IS ANOTHER 25,000.

[00:20:07]

SO IMMEDIATELY OFF OF THAT 226,000, WE'RE REDUCING THAT BY 50.

THAT'S THE STANDARD.

BUT I KNOW I'VE BEEN IN MY HOME FOR ABOUT SEVEN YEARS.

I HAVE. THAT EXEMPTION.

THEN THERE'S THE SAVE OUR HOMES.

SO REMEMBER, WE TALKED ABOUT THAT EVEN THOUGH THAT PROPERTY INCREASED AND REALIZED A GREATER THAN A 3% MARKET VALUE INCREASE, THE TAXABLE VALUE CANNOT INCREASE MORE THAN 3% OR SO IN THE ASSESSED VALUE REDUCTION PORTION ON THE BOTTOM OF THE BILL.

SO THAT'S WHY I SAY IT'S A REDUCTION.

WE WANT TO CALL IT AN EXEMPTION, BUT IT'S A REDUCTION.

THE SAVE OUR HOMES CAP, RIGHT, REDUCED THAT AMOUNT BY 146,000. SO THAT IS THE REDUCTION THIS INDIVIDUAL IS REALIZING.

CARDLESS OF. SO THIS YEAR, THIS HOME THAT HAS A MARKET VALUE OF $226,000, THE ASSESSED VALUE THAT THAT INDIVIDUAL IS PAYING TAXES ON IS 80,000.

SO THAT RIGHT THERE IS THEN USED TO APPLY TO ALL OF THE TAX RATES THAT COME FROM ALL THE TAXING AUTHORITIES.

COUNTY COMMISSION FOR OUR PUBLIC SCHOOLS, CITY OF PALM BAY, INDEPENDENT DISTRICTS AND SUCH.

AND THOSE TAX RATES ARE THEN APPLIED THROUGH A FORMULA WHICH WE CAN GO THROUGH IN A LITTLE BIT AS WELL.

AND IT CREATES ESSENTIALLY YOUR TAX.

SO THAT IN A NUTSHELL, SHOWS THAT BETWEEN THE SAVE OUR HOMES REDUCTION OR EXEMPTIONS PLUS YOUR FIRST AND SECOND ADDITIONAL HOMESTEAD EXEMPTION, THERE IS A QUITE A BIT OF A DIFFERENCE OF WHAT WHAT INDIVIDUALS PAY.

SO IN THIS SCENARIO, YOU CAN ALSO COMPARE THE ASSESSED VALUE FROM LAST YEAR TO THIS YEAR ONLY INCREASED APPROXIMATELY. SO THE ASSESSED VALUE OF WHAT THAT HOMEOWNER IS PAYING TAXES ON WENT UP 30,000 COMPARED TO THE MARKET VALUE THAT INCREASED ROUGHLY ABOUT 60,000.

THAT IS THE THAT IS THE BENEFIT OF THE EXEMPTIONS THAT ARE THAT THAT GO UP.

AND IT'S NOT 30,000 IT'S ACTUALLY.

IT GOES UP FROM 77000 TO 80000.

ALL RIGHT. SO THERE'S A VARIANCE OF 3000 OF THE ASSESSED VALUE TO ROUGHLY ABOUT 50 OR 60,000.

SO THOSE EXEMPTIONS AND THAT REDUCTION, ESPECIALLY THE SAVE OUR HOMES, IS A MAJOR COMPONENT OF.

YOU'RE SEEING AND KEEPING THOSE TAX BILLS AT A MINIMUM BECAUSE YOU'RE ONLY BEING TAXED ON YOUR ASSESSED VALUE.

SO IN OUR EXAMPLE IS WHAT WE HAVE IS FOR THIS HOMEOWNER.

WE HAVE LAST YEAR'S CITY OF PALM BAY PORTION THAT THAT INDIVIDUAL PAID.

SO LET'S LOOK AT JUST AT THE CITY OF PALM BAY MUNICIPAL SERVICES.

SO THAT INDIVIDUAL LAST YEAR'S TAX BILL, THE PORTION THAT WENT TO THE CITY OF PALM BAY, WAS ABOUT $212.

AND WITH THE INCREASE IN VALUATIONS BETWEEN THE ASSESSED VALUE AND.

MAINTAINED AT.

AH, THAT PORTION OF THE TAX BILL INCREASED FROM $212 TO 230.

WE'RE TALKING APPROXIMATELY AN $18 INCREASE ANNUALLY FOR THAT HOME OWNER OR THE CITY OF PALM BAY PORTION.

THEN WE ALSO HAVE TO LOOK AT THE VOTER DEBT, RIGHT? SO WE DO HAVE A GEO BOND DEBT.

THAT IS THAT IS ON THE BILL.

SO THAT PORTION THAT IS DEDICATED.

AND OF PRINCIPAL AND INTEREST PAYMENTS FOR THE DEBT ON THE GENERAL OBLIGATION BONDS PROGRAM.

AND THAT WAS ACTUALLY A REDUCTION.

YEAR TO THE CURRENT YEAR.

SO THAT INDIVIDUAL LAST YEAR PAID ABOUT $37 FOR THAT PORTION OF THEIR TAX BILL.

AND THIS YEAR IT REDUCED TO APPROXIMATELY.

THE $4 REDUCTION ON THAT PORTION OF THE TAX BILL.

[00:25:02]

REALLY HAVE TO NET THEM BOTH TOGETHER.

SO WITH AN $18 INCREASE ON THE MUNICIPAL SERVICES SIDE AND A $4 REDUCTION ON THE DEBT SIDE IS A $14 ANNUAL INCREASE. SURE ON THEIR PROPERTY TAXES.

TO. AND WHEN YOU'RE CONSIDERING THE MARKET VALUE OF THE HOME.

SO THAT KIND OF SHOWS YOU IT'S $14 NET INCREASE.

BUT WHEN YOU'RE LOOKING AT THAT MARKET VALUE, YOU WOULD INITIALLY THINK, WOW, MY MARKET VALUE.

SUBSTANTIALLY, BUT LET'S SAY 50,000, WHICH IS A GOOD JUMP FOR A YEAR.

YOU WOULD ASSUME, WELL, MY TAXES WILL INCREASE A.

APPROPRIATELY. BUT THAT IS NOT THE CASE BECAUSE.

CHIN REDUCTION.

IT ESSENTIALLY STILL.

LEVEL OF INCREASES IN.

SO THAT HOME OWNER JUST FOR THIS PORTION IS MAINTAINING.

HAS. NEXT YEAR.

THAT IN ITSELF IS A NUTSHELL OF WHAT YOU SEE WITH MID-AUGUST.

I'M GOING TO GO AHEAD AND MOVE ON TO THE PROPERTY TAX BILL.

SO THE PROPERTY TAX BILL YOU WILL RECEIVE BY IT HAS TO COME TO YOU ON OR BEFORE.

THAT IS. AND THAT DOES COME FROM OUR TAX COLLECTOR.

AND AGAIN, LIKE I MENTIONED, THIS IS THE TAX COLLECTORS.

PROPERTY APPRAISER.

THEY TURN IT INTO THE BILL.

AS YOU SEE TOTAL THIS UP.

THIS SHOULD GENERALLY MATCH WHAT YOUR PROPERTY APPRAISER SENT OUT IN AUGUST.

AND FOR THIS HOME OWNER, THE TOTAL TAX BILL WOULD BE THE 703 33 PLUS.

THERE IS ALSO OTHER OTHER LEVYING AUTHORITIES THAT ARE ADDED TO IT.

A LOT OF PEOPLE PAY FOR SOLID WASTE DISPOSAL AND THINGS LIKE THAT.

SO THAT'S ADDED TO THE TAX BILL.

SO WITH THIS HOMEOWNER, THE TOTAL TAX BILL WOULD BE $790.

IN MARCH.

HOWEVER, REMEMBER I MENTIONED.

ACTUALLY GET A REDUCTION.

SO IF THAT HOMEOWNER CHOOSES TO PAY BY NOVEMBER 30TH, THEY WOULD BE SAVING APPROXIMATELY.

SO THAT IS HOW THE REDUCTION AND BENEFITS TO CAME EARLIER RATHER THAN.

AND AGAIN, SO I HIGHLIGHTED THE CITY OF PALM BAY AND THE PALM BAY.

THAT PORTION AND THEN THAT WOULD MATCH THOSE RATES PLUS YOUR ASSESSED VALUE, THE EXEMPTIONS AND WHAT THE TAXES ARE LEVIED WILL MATCH. COPY THAT.

THIS SLIDE COMES UP A LOT.

SO I USE THIS SLIDE VERY FREQUENTLY, ALL OF MY BUDGET PRESENTATIONS.

SO THAT ESSENTIALLY JUST IS THE CALCULATION ON THE RATES THAT YOU SEE IN YOUR BILL, RIGHT? SO YOU HAVE THE PROPERTY ASSESSED VALUE, WHICH WE TALKED ABOUT, HOW THAT COMES OUT TO THAT 80,000 ON THAT BILL, YOU TIMES IT BY THE RATE THAT'S DISCLOSED IN YOUR BILL, YOU DIVIDE IT BY 1000 AND THEN THAT IS AMOUNT.

WELL, HOW DO YOU ACTUALLY CALCULATE A LOT OF NUMBERS IN HERE? I HAVE MY ASSESSED VALUE AND HAVE GREAT.

BUT HOW DO YOU COME UP WITH THE ACTUAL BILL PORTION? THIS IS. I JUST USE THAT.

I. SO THAT IS PRETTY MUCH IT ON INFORMATION THAT I'VE PREPARED.

SO I WANTED TO GIVE. I MENTION IT'S THE PROCESS ON SORT OF START TO FINISH ON HOW THE BILL IS GENERATED.

LET'S DO QUESTIONS FROM THE BOARD FIRST.

I'LL START ON MY RIGHT AND THEN I'LL WORK MY WAY FROM MY LEFT.

MR. WHITE, WHY DON'T YOU START WITH YOUR QUESTIONS, SIR?

[00:30:05]

MR. CHAIR, THANK YOU FOR YOUR PRESENTATION.

IT, IN FACT, GENERAL STAFF'S EFFORTS.

MAKE THIS HAPPEN FOR US.

KIND OF AN UNUSUAL ASK.

BASED ON THE HISTORY OF THE BOARD OR BOARDS IN GENERAL, I GUESS MAYBE.

SO IT'S VERY MUCH APPRECIATED.

I'M. SEEING.

SAMPLE. SAMPLE PROPERTY TAX BILL OR TAX BILL.

YOU UNDERSTAND A LITTLE BIT BETTER.

WHY? SEARCHED BY SOME MEMBERS OF STAFF THOUGHT THAT THIS.

THE CHANGE WAS NOT AS BIG OF A DEAL AS AS OTHERS DID.

I CERTAINLY MISSED OUT BY NOT BUYING MY HOME SEVERAL YEARS AGO.

I DO HAVE THE SAVE OUR HOMES.

ASSESSMENT CAP. IT SAVES ME A FRACTION OF WHAT THIS HYPOTHETICAL PERSON IS SAVING.

SO VERY GOOD FOR THEM.

I WISH IT HAD A FAKE NAME.

WELL DONE, JOHN. YUM.

SOME OF THE DIFFERENCES I'M SEEING HERE.

URGE THE MUNICIPAL SERVICES FOR THE CITY OF PALM BAY.

THE HYPOTHETICAL PERSON'S BILL.

WOULD HAVE GONE DOWN.

HADN'T CHANGED.

UH. APP HADN'T BEEN.

IF THE CAP HAD BEEN FOLLOWED, THAT WOULD HAVE GONE DOWN ABOUT $13, ALMOST EXACTLY DOLLARS, BUT INSTEAD INCREASED BY. DOLLARS.

SO DOLLARS.

ALL. WILL CHANGES AS.

OTHER DRAMATIC ROAD BOND.

INCLUDED THERE.

STILL LOOKING AT.

TALKING ABOUT PERCENTAGES TO MAKE IT MORE APPLICABLE TO MOST PEOPLE.

WE'RE STILL TALKING ABOUT THE AVERAGE RESIDENT'S TAX BILL GOING ABOUT 43%.

CITY OF PALM BAY.

BOND AS WELL AS MUNICIPAL SERVICES.

AND THAT'S NOT INCLUDING.

AND THE. DISPOSAL LIKE THE TRASH.

AT. WELL, ACTUALLY, LET ME JUST BOIL IT TO THIS QUESTION. THE HYPOTHETICAL TAX BILL, HOW IS THAT? WHERE DOES THAT COME FROM? IS THAT SOMETHING YOU CAN REQUEST FROM THE.

TAX. CAN.

IT'S NOT HYPOTHETICAL.

ONTO THE. SITE SEARCH AND.

SO YOU. AND.

SEARCH. IT'S PUBLIC KNOWLEDGE.

SO YOU. RIGHT HERE.

PLUS, THE ACTUAL. AND THEN THIS ONE IN PARTICULAR.

THEN IS THIS HOW WAS THIS CHOSEN? IS THIS LIKE A. LIKE.

WOW. AND THIS IS ONLY FOR INFORMATIONAL PURPOSES, OF COURSE.

NOT MEANT TO SHOW YOU A SPECIFIC.

TO EXPLAIN THE PROCESS.

UNDER. OR.

I SAW MISS CLINKSCALE MOVE.

SO I'LL COME TO YOU NEXT. MA'AM.

WOULD YOU LIKE TO PRESENT YOUR QUESTIONS NEXT? I JUST WANTED TO SEE IF.

WHITE WAS REFERRING TO COLUMN THREE, THAT ONE, 99.77, AND THEN COLUMN FOUR AS THE INCREASE BASED ON THE VOTE BY COUNCIL FOR THE TAX INCREASE.

THAT WHAT YOU WERE SAYING? REFERRING COLUMN ONE TO COLUMN TWO OR EXCUSE ME, COLUMN ONE TO COLUMN THREE VERSUS COLUMN ONE TO COLUMN FOUR.

WHAT THE CHANGE YEAR OVER YEAR WOULD HAVE BEEN LAST YEAR VERSUS WHAT THE CHANGE WAS TO LET YOU KNOW, COLUMN THREE IS YOUR ROLLBACK RATE, WHICH IS BELOW YOUR 3% CAP.

SO A ROLLBACK RATE IS YES.

SO. VARIOUS DIFFERENT THINGS.

BUT WHAT YOU SEE IN COLUMN THREE, WHICH IS THE 6.5887, IS WHAT IS TERMED AS THE ROLLBACK RATE.

THAT MEANS THAT IS STANDARD STATUTORY RATE THAT EVERY CITY HAS.

THAT'S THIS ESSENTIALLY MEANS IT'S A DEFAULT RATE TO WHERE WE WOULD ADOPT THE SAME BUDGET ESSENTIALLY AS THE PREVIOUS YEAR AND THAT RATE IS

[00:35:03]

GENERATED. BASED ON NO BUDGETARY CHANGES.

SO IF EVERYTHING IS STATUS QUO AND YOU GO FROM ONE YEAR TO THE NEXT, THIS IS THE RATE THAT YOU WOULD BE ASSIGNED TO THE TAXES.

THIS IS NOT THE 3% CAP RATE.

THIS IS THE. THEN CALL THEM FOR THE 7.5995 THAT WAS ADOPTED BY CITY COUNCIL, WHICH IS THE SAME AS.

THANK YOU. OH, WHAT IS THE NEED FOR THESE HEARINGS? I SEE THESE LIST OF HEARINGS THAT'S ON THE BACK OF YOUR TAXING, TAXING AUTHORITY, HEARING INFORMATION.

WHY IS THAT VALUABLE? SO AS I MENTIONED, I BELIEVE I SPOKE ABOUT THAT AT THE PREVIOUS MEETING.

IS THIS THAT IT'S A STATUTORY REQUIREMENT.

STATE OF FLORIDA DEPARTMENT OF REVENUE REQUIRES ALL TAXING.

AUTHORITIES HAVE TWO PUBLIC HEARINGS TO ADOPT A BUDGET, AND IT'S PART OF THE REQUIREMENT TO DISCLOSE THE FIRST HEARING.

AND THAT IS HOW IT'S DISCLOSED.

IT'S DISCLOSED ON THE BACK PORTION OF THE PROPERTY TAX THAT COMES FROM.

SECOND HEARING IS PUBLISHED IN THE ADVERTISEMENT THAT HAPPENS BETWEEN THE FIRST AND THE SECOND.

STATUTORY REQUIREMENT THAT ALL TAXING AUTHORITIES HAVE TO FOLLOW.

THANK YOU. OH, YES.

SEE? NINE, SEVEN, 20, 20.

WEREN'T. WE WOULDN'T BE. WELL, THAT'S ALL I HAD.

THANK YOU SO MUCH.

YOU, MA'AM. MISS CONLEY.

VERY GOOD PRESENTATION.

IT HELPED ME.

REALLY. START READING MY BILLS BECAUSE NOW I UNDERSTAND I WAS DOING THE CALCULATIONS AS YOU WERE GOING THROUGH AND AND HAVING ATTENDED THE CITY COUNCIL MEETINGS WHERE IT DEALT WITH THE BUDGET, I CAN SEE THE MILLAGE RATE AND IT'S STARTING TO MAKE SENSE.

BUT FOR THE ORDINARY CITIZEN, IT IS QUITE AN OVERWHELMING THE AMOUNT OF INFORMATION ON THERE IS.

WONDERFUL WHEN YOU KNOW HOW TO READ IT, BUT OVERWHELMING WHEN YOU DON'T.

I'M VERY APPRECIATIVE OF THIS TIME AND THE EXPLANATION.

I DO HAVE A COUPLE OF QUICK QUESTIONS.

WHERE IS THE ONE HALF HALF CENT SALES TAX FOR THE INDIAN RIVER LAGOON? DOES IT APPEAR ON HERE? IT'S A SALES TAX.

SALES TAX. SO. GOOD.

BUT BECAUSE I NOTICED THE EELS TAG.

RIGHT. AND MY UNDERSTANDING THAT WOULD THAT A PROPERTY TAX OR IS THAT A DIFFERENT KIND OF TAX PROPERTY TAX THAT'S A VOTER APPROVED MILLAGE. THAT'S WHAT WE JUST VOTED ON.

SO. ALL RIGHT.

WELL, THAT'S HELPING ME AGAIN.

TAX INCREASE TO IDENTIFY SALES TAX VERSUS PROPERTY TAX.

THANK YOU. BROUGHT UP THE L.

I'M GOING TO BRING UP ANOTHER ONE.

YOU UP ON THE TOP WHERE IT SAYS SOUTH BREVARD RECREATION DISTRICT.

THAT'S ALSO A VOTER APPROVED VILLAGE ALSO.

THAT WASN'T ON THIS LAST.

IS IT APPROVED EVERY SO OFTEN OR WAS APPROVED BACK IN 2000? IT WAS VOTED BY THE.

RESIDENTS. AND THOSE COME FROM THE COUNTY COMMISSION, IT LOOKS LIKE.

THANK YOU. HERE'S ANOTHER QUESTION.

I. YOU WILL GO DOWN ON THE EXEMPTIONS.

IT HAS A LIMITED INCOME SENIOR PARENTHESES CITY.

THE LIMITED INCOME FOR THE COUNTY.

IS THERE AN ADDITIONAL CITY? AND. YOU WOULD HAVE TO SPEAK TO THE PROPERTY APPRAISER'S OFFICE ABOUT THAT.

YES. WE HAVE NO KNOWLEDGE.

SO THAT IS SOMETHING THAT YOU WOULD HAVE TO SPEAK TO THE OFFICE TO SEE IF WE DO NOT CONTROL ANY OF THE EXEMPTIONS THAT IS DONE AT THE PROPERTY APPRAISERS LEVEL. SO I'M A SENIOR.

I GET THE COUNTY, BUT NOT THE CITY.

SO I'LL CALL. SO I WANTED TO ASK A QUESTION ON

[00:40:01]

INVESTORS PROPERTY TAXES.

SO ARE THOSE TAXES NOT SUBJECT TO ANY DEDUCTIONS OR EXEMPTIONS OF ANY KIND? NOT GET THE SAVE OUR HOMES BECAUSE YOU HAVE TO HAVE A HOMESTEAD EXEMPTION TO EVEN APPLY FOR SAVE OUR HOMES SO THEY DO NOT GET IT.

NOR DO THEY GET ANY OF THE OTHER EXEMPTIONS.

THEY COME IN TAXED AT THE FULL FAIR MARKET VALUE AND STAY AT THAT LEVEL.

R REAPPRAISED IT FROM YEAR TO YEAR AND CONTINUE TO INCREASE.

MR. PROPERTY. LIKE RENTAL PROPERTY.

LIKE. I'D LIKE TO ADD ONE MORE THING ABOUT THE SAVE OUR HOMES.

THERE'S SOMETHING SIMPLISTIC IF THIS PERSON MOVES.

THEY AH, IT'S PORTABLE.

THEY GET TO TAKE THAT AMOUNT OF MONEY.

THEIR NEW HOUSE. LET'S SAY IT'S A $500,000 HOUSE, THEY AUTOMATICALLY GET THAT REDUCTION.

I HAVE PREVIOUSLY HAD BECAUSE IT'S CALLED PORTABILITY.

IS THAT PORTABILITY STATEWIDE? AS A FOLLOW UP, WHAT IF YOU MOVE OUT OF STATE BUT THEN MOVE BACK? OUT UNLESS YOU STILL HAVE THE PROPERTY HERE.

BUT THEN. CHANCES OF HAVING A HOMESTEAD EXEMPTION ON THAT HOUSE WOULD BE QUESTIONABLE BECAUSE IT MAY NOT BE A PRIME PRIMARY RESIDENCE.

LOT OF THINGS COME INTO PLAY ON THAT.

LOT OF PEOPLE THAT DOESN'T LIKE MYSELF.

IT DIDN'T FLY AT ALL BECAUSE THE FIRST TIME.

THE FIRST YEAR THAT THE SAVE OUR HOMES HAD AN EFFECT AT ALL.

RONDO. YOU HAVE TO APPLY FOR IT IN ORDER TO HAVE IT, BECAUSE WE DON'T DO IT EVERY YEAR.

NO. AS LONG AS YOU HAVE HOMESTEAD EXEMPTION ON YOUR HOUSE, THE 25,000, YOU AUTOMATICALLY GET THAT.

FORMATIVE. OTHER QUESTIONS, MS..

CONLEY. OH, THANK YOU AGAIN.

THIS HAS BEEN VERY ENLIGHTENING.

YOU, MA'AM. OKAY, WELL, I'D LIKE TO ASK A QUESTION.

LIKE TO UNDERSTAND.

HOW THE CITY COMES TO UNDERSTAND THE AVERAGE HOMEOWNER.

SO ONE, I'D LIKE TO KNOW IF THERE'S REALLY AN APPETITE FOR THE INFORMATION, IF IT REALLY PLAYS INTO ANY DECISION MAKING OR THINGS LIKE THAT.

BUT LIKE WHO WITHIN THE CITY'S OPERATIONS, EVEN IF IT'S OUTSIDE OF FINANCE, REALLY TRACKS THE CALL IT THE CENSUS DATA.

THE CITY. AS I ASKED THE QUESTION, I'M ANSWERING IT TO MYSELF BECAUSE I SAW A NICE PRESENTATION FROM MISS NANCY BUNT DURING THE STRATEGIC PLANNING WORKSHOP, AND SHE TALKED ABOUT THE DEMOGRAPHICS OF THE CITY, THE EDUCATIONAL LEVEL, THE AVERAGE AGE, STUFF LIKE THAT.

SO AS I'M ASKING THAT QUESTION, ARE THINGS LIKE BECAUSE SHE TALKED ABOUT HOUSEHOLD INCOME, BUT ARE THINGS LIKE AVERAGE PROPERTY VALUES AND AVERAGE TAX BILLS AND THINGS LIKE THAT HELD WITHIN THOSE STATISTICS WITHIN HER OFFICE AS WELL? OR DO YOU GUYS DIVE INTO THAT WITHIN YOUR DEPARTMENT OR PERHAPS BOTH? OR AS FINANCE IS CONCERNED.

NO, WE DO NOT.

NOT LOOKING AT THE MEDIAN INCOME OR ANYTHING LIKE THAT.

AS FAR AS NANCY BLUNT BEING.

THEY THEY ARE CONSTANTLY.

WHETHER IT'S CALCULATED, WHETHER IT'S CALCULATED INTO THE NEED OF THE CITY AND AS FAR AS TAXES ARE CONCERNED.

RIGHT AS THE OVERALL PROPERTY VALUES.

BECAUSE YOU HAVE COMMERCIAL PROPERTIES THAT HAVE NO.

HAVE INVESTMENT PROPERTIES THAT HAVE NO EXEMPTIONS, AND THEN YOU HAVE THE HOMEOWNERS THEMSELVES THAT HAVE EXEMPTIONS ALMOST.

VERY DIFFICULT TO BE ABLE TO SEPARATE.

AT EVERY. THAT MAKES SENSE.

THAT SAID, THAT TRANSITIONS ME INTO ANOTHER QUESTION I HAD.

THE CITY OF MELBOURNE ADVERTISED REALLY THAT THEY WERE ABLE TO, I THINK, EXPERIENCE A ROLLBACK RATE OR EVEN GREATER, ESSENTIALLY THE WAY THAT THEY ADVERTISED, THE WAY THEIR MAYOR ADVERTISED IT WAS THAT IT WAS THE LOWEST MILLAGE RATE IN TEN YEARS.

AND WHEN HE CELEBRATED IT, HE CELEBRATED THAT THE LEVEL OF SERVICE WASN'T SUFFERING AND THINGS WERE GREAT AND WE WERE ABLE TO ROLL THE RATE BACK.

SO LIKE TO USE THE CITY OF MELBOURNE AS AN EXAMPLE.

HOW DOES A CITY LIKE THAT ACHIEVE SUCH A THING?

[00:45:04]

TODAY'S ECOSYSTEM, ENVIRONMENT, ATMOSPHERE.

AND WE'RE IN A SITUATION WHERE IT'S KIND OF SOMEWHAT OUT OF THE QUESTION.

ACTUALLY, THAT'S TWOFOLD.

HAVE THE CITY OF MELBOURNE THAT IS NOT GROWING CITY.

THEY'RE AN ESTABLISHED CITY.

THEIR BOUNDARIES ARE PRETTY MUCH SET.

WHEREAS THE CITY OF PALM BAY IS A VASTLY GROWING.

OUR BUDGET IS INCREASING EVERY TIME.

YOU HAVE TO PUT IN THE ROAD AS YOU PUT IN NEW HOUSES YOU HAVE TO PUT IN.

SUBSTATIONS. FIRE DEPARTMENT.

UTILITIES. OF MELBOURNE DOESN'T HAVE TO DO THAT.

SO AS THEIR PROPERTY VALUES INCREASE, THEY HAVE THE CAPABILITY TO START LOWERING THE MILLAGE DOWN BECAUSE IT'S NOW BEING SPREAD OUT AMONGST ALL THOSE HOMES.

THAT'S HOW THEY CAN ACTUALLY DO.

US, WE'RE VASTLY GROWING.

IT'S IMPOSSIBLE.

GROW AND GIVE THE CITIZENS OF.

PALM BAY. WHAT? THE WHOLE GAMUT THAT EVERYBODY DESIRES.

THANK YOU. SO IT MAKES ME WORRY ABOUT THE CITY'S FUTURE PROSPECTS OF PROSPERITY, THAT THE CONSTRUCTS ARE AS SUCH.

BECAUSE THE WAY THAT I UNDERSTAND IT AND I AGREE, NOT AGREE, I APPRECIATE I MEAN, TO SAY, MS..

COLLINS, YOUR PRESENTATION HERE, AND I APPRECIATE HOW CONCISE IT IS.

BUT ON THE FIRST SLIDE, WHAT I FEEL IS, THOUGH IT DOES A GREAT JOB OF DOING, IS SETTING UP THIS ALGEBRAIC EQUATION THAT I ALWAYS REFER TO WHEN WE'RE TALKING ABOUT PROPERTY TAX.

ON THE FIRST SLIDE, WHERE WHO ALL IS INVOLVED IN DETERMINING THE FINAL TAX BILL, YOU HAVE YOUR TAXING AUTHORITIES, YOUR COUNTY COMMISSION, YOUR SCHOOL BOARD, YOUR MUNICIPALITIES.

BUT FOR OUR CONVERSATION SAKE ONLY JUST TALK ABOUT THE CITY OF PALM BAY.

SO THAT IS YOUR AUTHORITY.

THEY CREATE YOUR X, YOU'RE GOING TO MULTIPLY SOMETHING BY A FACTOR OF X.

WHAT ARE YOU GOING TO MULTIPLY BY A FACTOR OF X? YOU'RE GOING TO MULTIPLY WHAT THE BREVARD COUNTY PROPERTY APPRAISER SPITS OUT AS.

AGAIN, THIS PRESENTATION DOES A GREAT JOB AS THAT FINAL NUMBER.

SO YOU'RE GOING TO GET YOUR X AND YOU'RE GOING TO MULTIPLY IT BY YOUR Y, YOUR Z IS GOING TO BE GENERATED AND THE TAX COLLECTOR IS GOING TO SEND YOU A BILL COME KNOCKING ON YOUR DOOR, ASK FOR Z.

SO X, Y, Z.

SO THE ONLY WAY FOR A HOMEOWNER TO INFLUENCE THE Y WHAT THE BREVARD COUNTY PROPERTY APPRAISER GENERATES IS TO BUY A HOME FILE FOR A HOMESTEAD EXEMPTION WITHIN THAT FIRST YEAR AND THEN STICK AROUND.

SO IN THAT PERFECT EXAMPLE THAT THAT PERSON STICKS AROUND, YOU KNOW, EVEN AS PRICES GO UP AND THINGS HAPPEN AND FAMILIES GROW, AS IS HIGHLIGHTED IN THE PRESENTATION, THINGS WILL ONLY GO UP SO MUCH FROM THE BASELINE THAT'S ESTABLISHED FROM DAY ONE WHEN THE HOMEOWNER GETS IN THERE.

AND I HEARD MR. WHITE MENTION IT AS THE FIRST TIME HOMEOWNER IN THE RECENT COUPLE OF YEARS, YOU KNOW HIS INFLUENCE.

HE'S GOT THE HOMESTEAD EXEMPTION BECAUSE HE WAS ABLE TO DO THAT HE CAN'T DO ANYTHING WITH TO SAVE OUR HOMES.

IT'S REALLY NICE THAT IT'S THERE, BUT IS ONLY OWNED IN HIS HOME FOR A COUPLE OF YEARS.

IT'S NOT DOING ANYTHING FOR HIM.

HIS BASELINES HERE, IT'S JUST MOVING.

SO FOR FOLKS THAT HAVE BEEN HERE FOR IN THIS HOMEOWNER'S CASE, THEY'VE HAD TO HAVE BEEN HERE AT LEAST TEN YEARS, PROBABLY 15.

JUST ON QUICK MATH OF RISING THAT, YOU KNOW, ONLY IN NECESSARILY BRINGING IT DOWN BY ALMOST A FACTOR OF HALF.

BUT LET ME NOT GO DOWN A RABBIT HOLE.

SO THE POINT BEING IS THE WHAT I WOULD ATTEST TO BE THE AVERAGE HOMEOWNER CAN'T REALLY INFLUENCE THE WHY LIKE AT ALL.

SO AND WHEN I ASK ABOUT LIKE WHO IS PALM BAY AND WHO MAKES IT UP AND WHAT MS..

BLUNT DID REFERENCE, YOU KNOW, SHE TALKED ABOUT THERE'S 128,000 PEOPLE.

THE MEDIAN AGE OF SUCH IS 41 AND SOME CHANGE YEARS.

SO WE'LL ROUND UP AND SAY IT'S A 42 YEAR OLD PERSON.

SO WHEN I PERSONIFY A 42 YEAR OLD PERSON, WHETHER THEIR MARITAL STATUS IS IS SINGLE, MARRIED, SOMETHING IN BETWEEN, LIKE PLENTY OF AMERICANS ARE, YOU KNOW, THEY JUST HAVE A LIFE MATE, A COUPLE OF KIDS BETWEEN THEM, BLENDED FAMILIES, THINGS OF THE SORT.

I DON'T PICTURE SOMEONE THAT HAS BEEN IN THEIR HOME FOR GREATER THAN TEN YEARS BECAUSE IT HAD 42.

I MEAN, IT'S PRETTY LUCKY TO GET SETTLED IN A HOME SITUATION WITH A FAMILY AS A HOME OWNER, NOT RENTING, NOT ANYTHING ELSE.

BY THE TIME YOU'RE 30.

AND AS THINGS CHANGE AND EVOLVE IN OUR WORLD IS BECOMING LESS AND LESS NORMAL TO EVEN VENTURE OUT OF THE HOMESTEAD, LET ALONE BECOME A HOMEOWNER BEFORE BEFORE THAT AGE.

BUT AGAIN, IN THIS EXAMPLE, IF SOMEONE GETS IN A GETS IN A HOUSE WHEN THEY'RE 27.

[00:50:05]

SO NOW WE'RE 15 YEARS FORWARD.

I MEAN, I DON'T KNOW IF THAT WAS THE TOTAL AVERAGE, THEN I GUESS A LOT OF PEOPLE ARE PROTECTED ABOUT THIS.

BUT WHAT I FEEL IS THAT MORE FOLKS THAN NOT ARE IN A POSITION LIKE MR. WHITE IS ALLUDING TO. HE'S IN AND I WILL WITH NO SHAME REFERENCE.

I'M IN WHERE I GREW UP HERE IN THE CITY OF PALM BAY.

I WENT TO FLORIDA STATE UNIVERSITY, SO I RENTED WHILE I WAS UP THERE, WHATEVER MOVE BACK, STARTED MY WORKING YEARS.

YOU KNOW, YOU DO WHAT YOU DO, YOU FIGURE THINGS OUT WITH AN APARTMENT, LIVED AROUND BREVARD COUNTY, DIFFERENT PLACES.

YOU GOT TO DO THE BEACHSIDE THING.

DID THAT LIVED IN WEST MIAMI.

WHEN IT'S TIME TO BUY A HOME.

I BOUGHT A HOME IN PALM BAY, AND ONE OF THE MAIN REASONS I BOUGHT A HOME IN PALM BAY WAS BECAUSE, YOU KNOW, ALL THE ADULTS TALKED ABOUT, WELL, YOUR TAXES IN THE CITY OF PALM BAY IN A RELATIVE SENSE ARE RELATIVELY LOW.

AND I THINK WHAT MOST OF THOSE FOLKS DIDN'T REALIZE IS THAT IT WASN'T JUST THE EX AT THE TIME THAT WAS RELATIVELY LOW.

IT WAS ACTUALLY THE Y. THE PROPERTY VALUES WERE JUST RELATIVELY LOW.

BUT NO MATTER WHAT THE Z NUMBER THAT THEY ALL SAW WAS LOW.

SO THEY INFLUENCE US AS YOUNG HOMEOWNERS TO COME BACK HOME AND LIVE IN THE CITY OF PALM BAY, THE LAND OF OF LESS TAXES.

BUT WHAT HAPPENS IS ALL THESE DEFICIENCIES HAPPEN AND ALL THIS DEVELOPMENT IS COMING AROUND SO THE DEFICIENCIES BECOME MORE AND MORE APPARENT AND WE NEED TO FIX THEM ALL THE WHILE. AND I'M NOT TRYING TO STAND ON A SOAPBOX AND TELL YOU ALL MY PERSONAL STORY.

I'M JUST TRYING TO SHARE WITH YOU A RELATABLE EXPERIENCE OF OF ANY OLD CITIZEN.

THERE'S 128,000 OF US THERE.

THERE'S MORE THAN ONE PERSON THAT WENT THROUGH THIS.

YOU KNOW, I MOVED AWAY.

I FLEW THE NEST.

YOU KNOW, I CAREER TOOK ME AND RELOCATED ME TO THE GREAT NORTH, WHERE THE NUMBER ONE THING THAT EVERYONE TALKS ABOUT IS PROPERTY TAXES.

IT'S LIKE, OH MY GOD, YOU'RE MOVING UP HERE.

YOU GOT PROPERTY TAX. I LIVE IN PENNSYLVANIA.

I LIVE IN THE SUBURBS OF PITTSBURGH FROM 2018 TO 2020, AND MY PROPERTY TAXES WERE CRAZY, BUT THE COUNTY I MOVED TO HAD A REFERENDUM IN ORDER FROM THE NINETIES OR ACTUALLY FROM THE SEVENTIES, I SHOULD SAY, THAT LOCKED THE Y IN THE TAXABLE VALUE.

THEY LOCKED THE Y SO THE MILLAGE RATE COULD MOVE.

BUT THE X COULD MOVE, BUT THE Y COULD NEVER MOVE.

SO THERE WAS REALLY, REALLY HIGH TAXES.

WE'RE STUCK AT THAT REALLY, REALLY HIGH RATE.

SO YOU COULD PLAN FOR THAT.

IT'S NO BIG DEAL.

YOU KNOW, PEOPLE COULD PLAN FOR THAT BECAUSE YOU COME IN, IT'S NOT GOING TO MOVE IN YOUR MAYBE FIVE YEARS THAT YOU LIVE THERE.

IF YOU'RE A YOUNG FAMILY AND YOU'RE MOBILE AND IT'S CERTAINLY NOT GOING TO MOVE IF YOU LIVE THERE 25 YEARS.

SO THAT WAS THEIR LITTLE SYSTEM.

THAT'S HOW THEY DEALT WITH IT. THAT'S HOW WE GOT AROUND THE TAXES.

NOW, I'M NOT SHY. LIKE I'LL USE REAL NUMBERS.

I PAID 285,000 FOR THAT HOUSE IN THE YEAR 2018 SUBURBS OF PENNSYLVANIA, AND MY TAX BILL WAS 5400 A YEAR.

I YOU KNOW, LONG STORY, BLAH, BLAH, BLAH.

I MOVED HERE. I BUILT THIS HOUSE AND MOVED INTO IT.

LAST SUMMER I PAID 285,000 FOR IT, SO THE SUMMER OF 2021.

SO THREE YEARS LATER, THE SAME 285,000.

BUT THIS ISN'T LOCATED IN PITTSBURGH.

IT'S LOCATED IN THE CITY OF PALM BAY, RIVERSIDE COUNTY, FLORIDA.

AND MY TAX BILL AND THIS ISN'T MARKET VALUE, THIS IS JUST REALITY NUMBERS.

ANYBODY LISTENING ANY WAY, CITIZEN, THEY DON'T THINK MARKET VALUE.

THEY THINK, WHAT DID I PAY? A YEAR NOW, THE PROPERTY TAX BILL ON MY HOUSE THAT I PAID 285,003 YEARS LATER IS $4,938.

SO IT'S FIVE GRAND.

SO I MOVED BACK FROM PENNSYLVANIA TO THE LAND, YOU KNOW, THE GREAT NORTH, WHAT EVERYONE REFERENCES AS LIKE HIGH TAXES.

AND IT'S LIKE MY TAXES ARE THE SAME.

AND AGAIN, I'M NOT HERE TO BE ON MY SOAPBOX.

I'M JUST TRYING TO SET UP THE FACT THAT THIS IS THE AVERAGE PERSON'S STORY.

THE AVERAGE THING THAT'S HAPPENING IS PEOPLE ARE MOVING FROM OTHER PLACES, WHETHER IT BE OTHER PARTS OF BREVARD COUNTY, OTHER PARTS OF FLORIDA, OTHER PARTS OF THE COUNTRY.

THEY'RE MOVING HERE. THEY'RE BUYING HOUSES THAT ALREADY EXISTED.

SO THE TAXABLE VALUE IS NOT GOING TO BE $30,000 ON ANYBODY'S HOUSE, EVEN IF THEY WENT AND BOUGHT THIS SAME PERSON'S HOUSE WHOSE MARKET VALUE IS 226, THEY MIGHT PAY A TAX BILL ON SOMETHING BASED ON 150.

BUT THE MORE AND MORE PEOPLE THAT MOVE HERE AND THE MORE AND MORE JOBS THAT ARE CREATED AND PROSPERITY THAT'S CREATED IN THE CITY AND THE MORE WE TRY TO ATTRACT PEOPLE TO MOVE HERE, PEOPLE ARE GOING TO LOOK AT COLD, HARD NUMBERS, JUST LIKE I DID WHEN I MOVED BACK.

I MOVED BACK AND I BUILT A HOUSE HERE BECAUSE I WANTED TO HAVE A LOW TAX BILL.

I SAID, YOU KNOW WHAT? I'M GOING TO TRY TO CONTROL MY Y AS BEST I CAN BY BEING HUMBLE AND NOT CHOOSING THE CRAZY FINISHES.

JUST BUILD THE HOUSE JUST THE WAY IT NEEDS TO BE.

THE TAXABLE VALUE CAME IN OVER OR THE MARKET VALUE CAME IN OVER WHAT I PAID FOR IT.

I CAN'T ARGUE ABOUT THAT.

BUT NOW THAT MY MARKET VALUE COMES IN AT 304,000 NOW AND I GOT MY HOMESTEAD EXEMPTION, SO I'M AT 254 ON MOST OF THE STUFF TO 79 ON THE OTHER.

THERE'S NO PULL IN THAT. WHY DOWN FOR ME? THERE'S NO PULLING THAT WAY DOWN.

SO THE ONLY THING THAT I CAN POSSIBLY LIKE LOOK AT IS THE X, AND THAT'S WHAT BRINGS US FULL CIRCLE AND WHY I SET THAT.

THANK YOU FOR RUNNING WITH ME ON THE STORY IS THE ONLY THING I CAN TALK ABOUT IS WELL, WHO MAKES UP THE X AND WHO IS CREATING THIS MULTIPLYING FACTOR OF LET IT NOT BE LOST? THE MULTIPLYING FACTOR IS 18.6659 IS OUR TOTAL MILLEDGE AND AS THE FORMULA I MISS COLLINS LAST SLIDE REPRESENTS FOR

[00:55:10]

EACH MILL.

IT'S SIMPLE FOR EACH $1,000 OF VALUE THAT YOU HAVE ON YOUR TAXABLE YOUR Y THAT WE'RE TALKING ABOUT.

EACH MILL ADDS A DOLLAR.

SO IF YOU HAVE A 254,000 TAXABLE VALUE LIKE I DO, IF SOMETHING ADDS A MILL LIKE THE WE JUST VOTED IN THE PUBLIC SCHOOLS WANTS A MILL FOR NEXT YEAR, NO PROBLEM.

IT VOTED IT IN. THAT'S 250 FOR ADDED TO MY 40 $900 BILL.

THAT'S INSTANT. SO MY FIRST GLANCE THAT I'M GOING TO LOOK AT IN THE NUMBER 18 IS WHAT'S THE BIGGEST ONE? AND THE BIGGEST ONE IS 7.5995.

IT'S THE CITY OF PALM BAY.

EVEN IF I ADD UP THE SCHOOLS WHICH UP NORTH, THE THING THAT GOT YOU WAS THE SCHOOL TAX.

SEE THE PROPERTY TAX THAT 5400 I MENTIONED WAS ONLY LIKE 1000 OR 2500 OF IT.

THE REST OF IT WAS THE SCHOOL DISTRICT.

A GRADE SCHOOL IS UP THERE, BUT YOU PAY FOR IT.

THAT'S HOW YOU GET IT. SO YOU WOULD EXPECT THAT A NORMAL TAXPAYER WOULD EXPECT THAT THE SCHOOL ENTITY IS THE ONE THAT'S CHARGING YOU MORE.

BUT THE SCHOOL ENTITY IN THIS INSTANCE, IF YOU ADD ALL THOSE UP, YOU'RE ONLY GOING TO GET TO LIKE TWO, FIVE, 5.8, CALL IT ROUND UP, CALL IT SIX.

IT'S STILL ONE AND ONE HALF MILLS LESS THAN THE CITY.

SO THAT'S WHY I, YOU KNOW, ANYONE HAS HEARD IT, WHETHER IT'S BEEN IN THIS FORUM OR OTHER FORUMS, I GET STUCK ON WHAT THE CITY'S MILLAGE RATE IS GOING TO BE BECAUSE THAT HAS THE LARGEST PROPORTIONATE INFLUENCE TO THE ONLY THING THAT CAN INFLUENCE MY TAX BILL.

AND WHEN IT COMES DOWN TO MY TAX BILL, YOU KNOW, I HAVE A LOCKED INTEREST RATE.

SO WHEN IT COMES TO MY MORTGAGE PAYMENT, I CAN'T INFLUENCE MY PRINCIPAL AND INTEREST.

I GOT A HOLD ON AND PRAY THAT MY INSURANCE POLICY STAYS, LET ALONE IF IT GOES UP.

SO THE ONLY THING THAT I CAN LOOK AT IF TRYING TO CONTROL IN MY HOUSING COSTS BESIDES MY UTILITIES, WHICH IS ANOTHER IS MY TAXES.

AND THE ONLY THING THAT I CAN REALLY HONE IN ON IS THE BIGGEST NUMBER IS THE CITY.

AND SO WE ALL KNOW THAT THE CITY'S DEFICITS AND AND PROBLEMS THAT WE HAVE AND THINGS OF THIS SORT.

BUT I JUST HATE THAT THERE'S SO MUCH MISUNDERSTANDING AROUND THE CONVERSATIONS OF LIMITED TAX BILLS AND THINGS OF THIS SORT, BECAUSE I FEEL AS THOUGH WHAT'S REPRESENTED AS A WHOLE OR AS AN AGGREGATE IS NOT AS CLOSE TO THE STORY AS MY STORY IS.

AND THAT IS NOT ME MAKING MY STORY.

THE THING I'M JUST SAYING I SEE AS I TALK TO PEOPLE, I HAVE FRIENDS THAT ARE MY EXACT SAME AGE, GRADUATED FROM MY SAME HIGH SCHOOL RIGHT HERE AT PALM BAY HIGH SCHOOL.

THEY DON'T OWN THEIR FIRST HOME YET.

IF THEY DID PURCHASE IT, IT'S BEEN IN THE LAST FIVE YEARS.

SO ALL OF THEIR TAXABLE VALUES IN THE CITY OF PALM BAY ARE NORTH OF 200,000.

SO ALL OF THEIR PROPERTY TAX BILLS ARE NORTH OF THREE TO 4 TO 5000.

AND THOSE ARE SIGNIFICANT.

AND WHEN THEY TELL THEIR PEERS TO MOVE HERE FOR TECHNOLOGY JOBS AND TO BE CLOSE TO US BECAUSE WE HAVE YOUR NIECES AND NEPHEWS AND SO ON AND SO FORTH, THE PEERS AS MY FAMILY MEMBERS, MY SISTER, WHOEVER IT IS, THEY LOOK AND THEY LOOK AT THE TAX RATES IN PLACES LIKE MELBOURNE AND IT'S RIGHT NEXT DOOR AND THE MAYOR IS OUT HERE AND HE ADVERTISES THAT THE SERVICES ARE GREAT.

I HAVE. FRIENDS WHO ARE FIREFIGHTERS AND IN THE CITY OF MELBOURNE, IN BREVARD COUNTY, LOCATED IN MELBOURNE, BECAUSE THINGS ARE FLOURISHING.

SO THAT'S WHERE I OPENED MY THING WITH.

I GET CONCERNED BECAUSE IF OUR ONLY WAY TO MAKE UP FOR OUR DEFICITS IS CONTINUE TO RAISE OUR X, WHICH IS THE BIGGEST X OF ANYONE'S CALCULATED X, WE'RE GOING TO CHASE PEOPLE AWAY.

YOU'RE NOT GOING TO CHASE ME AWAY.

I LIKE IT TOO MUCH. I'M JUST TOO HAPPY, I'M HARDHEADED, I'M PIGHEADED.

I PUT MY FOOT IN THE SAND. I DON'T THINK YOU'RE GOING TO CHASE ANYBODY SITTING UP HERE ANYWAY.

BUT THE REASON THAT WE'RE ALL HERE IS BECAUSE WE THINK BIGGER PICTURE, I THINK DOWNRANGE IS OUR MAYOR LIKES TO SAY AND WHAT I THINK ABOUT AND THE HORIZON IS I THINK ABOUT YOUNG PEOPLE AND I THINK ABOUT HOME OWNERSHIP AND I THINK ABOUT WEALTH GENERATION AND CLEAR TRACK FOR MY NIECES AND NEPHEWS THAT ARE 20 SOMETHING YEARS OLD, MY EVEN DAUGHTER THAT'S NOT EVEN TEN YEARS OLD TO HOMEOWNERSHIP, WHEN COSTS OF TAXES ARE GOING TO CONTINUE TO MOVE UP, YOU KNOW, IN UNISON WITH WITH EVERYTHING ELSE AS FAR AS THE INTEREST RATES AND ALL THAT, THAT WORKS ITSELF OUT.

IT'S ALL MEN, TOO. THAT'S THAT'S WHAT HAPPENS.

BUT IF THE TAX RATE MOVES, THIS COMMUNITY DOESN'T HAVE THAT PERSONA OF A PLACE THAT YOU CAN START THINGS AFFORDABLY.

IT HAS MORE OF THE PERSONA OF A PLACE YOU SHOULD MOVE WHEN YOU'RE ALREADY ESTABLISHED AND YOU CAN ALREADY SWING THINGS.

AND TO MR. WACHOWSKI'S POINT, WHEN THOSE PEOPLE GET HERE AND BE SORELY DISAPPOINTED WHAT THEY DIDN'T FIND, AND THEN THEY'RE GOING TO SELL THEIR HOUSE AND THE NEXT PERSON TO BUY IT IS GOING TO START THIS WHOLE THING OVER, NOT HAVE A HOMESTEAD EXEMPTION, WHICH IRONICALLY WILL BE A GOOD THING FOR THE CITY FOR A TAX YEAR.

MY SPEECH IS OVER.

I APPRECIATE YOU ALL FOR LISTENING TO IT AGAIN.

I USED A LOT OF I STATEMENTS AND I HATE DOING THAT BECAUSE IT'S NEVER MY ASPIRATION TO BE I AND TO REPRESENT I WHEN I REPRESENT MY

[01:00:02]

COMMUNITY, IT'S MY ASPIRATION TO BE AS OBJECTIVE AS POSSIBLE AND JUST SPEAK FOR THE COMMON PERSON.

AND I DO FEEL AS THOUGH I AM JUST A COMMON PERSON AND THAT'S WHY I'M NOT SHY TO USE MY NUMBERS, WHAT HAVE YOU, BECAUSE I JUST LOOK TO MY LEFT, I LOOK TO MY RIGHT, AND I LOOK ACROSS THE STREET AND ALL MY NEIGHBORS FEEL LIKE IT'S THE SAME THING.

YOU KNOW, I TALK TO ALL OF THEM AND THEY ALL HAVE VARYING INCOME SITUATIONS AND WHATEVER.

BUT THE FACT OF THE MATTER IS, IS, IS COSTS AREN'T GOING DOWN, THAT'S FOR SURE.

COSTS AREN'T GOING DOWN.

BUT FINANCIAL LITERACY AND UNDERSTANDING WHAT GOES INTO THIS AND UNDERSTANDING THE X, Y, Z IS, IN MY OPINION, PRICELESS.

THE SOONER WE CAN INSERT IT UPON OUR YOUTH, THE BETTER WE CAN.

WE CAN HELP THIS HORIZON AND THE NOW THAT WE CAN INSERT IT ON ALL OF OUR NEIGHBORS, IT DOES PUT US IN A BETTER SITUATION.

WE DO NEED OUR NEIGHBORS TO UNDERSTAND THAT IF YOUR WHY, IN MY EXAMPLES HERE, TAXABLE VALUE REALLY ISN'T THAT HIGH, THAT SOME OF THE THINGS YOU HEAR ABOUT AND IN SOME PERCENTAGES REALLY WON'T AFFECT YOUR LIFE THAT MUCH.

SO MAYBE YOU SHOULDN'T LOSE SLEEP ABOUT IT, BUT ABOUT HAVING COMPASSION FOR JUST YOUR OVERALL NEIGHBOR IS WHAT I REALLY THINK IT'S ABOUT.

AND THAT'S WHAT I ALWAYS LOVE ABOUT BEING HERE WITH YOU GUYS ON THIS BOARD IS IS I REALLY WE DON'T TALK POLITICS.

I THINK EVERYONE HAS POLITICAL STANCES THAT MAYBE INFLUENCE WHAT THEY BRING HERE OR WHAT HAVE YOU.

BUT WE ONLY TALK OBJECTIVELY ABOUT HOW THINGS INFLUENCE LIFE.

AND I JUST APPRECIATE THE HECK OUT OF YOU GUYS FOR THAT.

SO WITH THAT, I'D LIKE TO ASK IF ANYONE HAS ANY FURTHER QUESTIONS OR COMMENTS OR ANYTHING.

SO I WANTED TO ASK YOU.

SO. IF YOU COULD MAKE A CHANGE IN THE WAY THAT THE BUDGET IS PUT TOGETHER THIS BILL, WHAT WOULD YOU.

WOULD YOU TRY TO STABILIZE THAT? WHY? HOW WOULD THAT LOOK IF IF SOMETHING LIKE THAT HAPPENED HERE AS IT DID IN AS IT DOES? YEAH. SO YOU HAVE TO TAKE IN MONEY OTHER WAYS.

SO NOTEWORTHY ON TOP OF BECAUSE YOU MENTIONED PENNSYLVANIA, ON TOP OF PAYING THAT PROPERTY TAX BILL, YOU HAD TO PAY A CITY INCOME TAX TO PAY STATE AND CITY INCOME TAX.

EVERY DOLLAR YOU BROUGHT INTO THE CITY, YOU HAD TO GIVE THEM A CENT OF IT.

IT WAS 1%. SO THAT WAS CREATING DIFFERENT REVENUE STREAMS. BUT IN THAT VEIN, AND THE SERVICES WERE FANTASTIC UP THERE, BUT I THINK THAT THE SERVICES CAME THROUGH THAT THE ALTERNATIVE REVENUE STREAMS THAT WE DON'T HAVE ACCESS TO, SUCH AS THOSE.

SO MY THOUGHT PROCESS IS UNDERSTANDING HOW SERVICES CAN PAY FOR SERVICES AND HOW REVENUE STREAMS CAN BE ACCOUNTED TO KIND OF BUILD UPON THEMSELVES BECAUSE AND I'M STILL WORKING LIKE HECK AND THEY'LL CALL ME ON IT ANY TIME HE'S OFFERED ME IN PERSON WORKSHOPS AND I HAVEN'T TAKEN HIM UP ON IT.

I'M STILL WORKING ON WRAPPING AROUND THIS WHOLE KIND OF NET ZERO SUM KIND OF GAME, WHATEVER.

BUT AT THE END OF THE DAY, AND THE BUDGET IS NOT USED UP AT THE END OF EVERYTHING, LIKE IT ALL GETS FROZEN, IT ALL GETS MOVED AROUND, IT ALL GETS PUSHED.

AND WE'VE LEARNED ABOUT THE GENERAL FUND AND WHAT HAVE YOU, BUT UNDERSTANDING HOW WITHIN CERTAIN THINGS AND I'M ON THE RECREATION ADVISORY BOARD, I MIGHT AS WELL MENTION THAT.

SO RECREATION IS ONE OF MY PASSION PROJECTS OF FIGURING OUT HOW RECREATION CAN JUST BE A SELF SUSTAINING ACTIVITY.

LIKE I DON'T WANT, YOU KNOW, THE GENERAL FUND TO HAVE TO PAY FOR OUT OF THIS STUFF BECAUSE THIS IS THE MAIN REVENUE SOURCE OF THE GENERAL FUND, RIGHT? SO I VIEW IT OUT OF THIS STUFF FOR ACTIVITIES BECAUSE THEN THAT'S GOING TO HOLD UP HOW MUCH ACTIVITIES THAT WE OFFER.

BUT IF WE DON'T OFFER ACTIVITIES, PEOPLE AREN'T GOING TO WANT TO MOVE HERE.

IT'S NOT GOING TO BE RIGHT. IT'S A CATCH 22.

BUT THAT'S JUST LIKE AN EXAMPLE OF LIKE, HOW CAN WE INCORPORATE REVENUE IN A WAY THAT IT JUST BUILDS UPON ITSELF AND SOME THINGS THAT ALREADY EXISTS I THINK COULD JUST BE MAYBE REINVIGORATED.

THERE'S SOME LIKE COMMUNITY PARTNERSHIPS THAT I THINK IF WE WENT BACK TO THE TABLE AND UNDERSTOOD THOSE PARTNERSHIPS AND UNDERSTOOD WHAT THOSE FOLKS ARE BRINGING TO THE COMMUNITY, AND I'M NOT SAYING KICK ANYBODY THAT'S DOING IT OUT, I'M SAYING LEARN FROM THE ONES THAT HAVE BEEN DOING IT FOR A COUPLE OF DECADES TO BRING SOME FURTHER IN JUST TO CONTINUE TO USE RECREATION AS THE EXAMPLE, RATHER THAN HAVE RECREATIONAL LEAGUES THAT THE CITY ORGANIZES AND PAYS CITY EMPLOYEES FOR OR WHAT HAVE YOU.

THEY HAVE COMMUNITY PARTNERSHIPS WHERE IT'S LIKE, HEY, LISTEN, YOU USE THE PARK, WE'LL TURN THE LIGHTS ON, WE'LL MOW THE GRASS, WE'LL PUT THE LINES ON.

BUT YOU BRING THE SERVICE TO THE COMMUNITY OF ORGANIZING ALL THAT STUFF, AND YOU GET THE TEAM MOMS TOGETHER AND YOU BUY THE JERSEYS AND YOU PUT THE TEAM, YOU COMMISSION THE WHOLE THING. I THINK THAT'S FANTASTIC.

WE COULD WE COULD EXPAND THAT IF WE HAD MORE, YOU KNOW, FACILITY CAPACITY TO EXPAND IT BECAUSE

[01:05:03]

THERE IS A DEGREE OF FACILITY FOLKS THAT ARE NEEDED.

SO THAT'S WHEN IT COMES FULL CIRCLE.

YOU COME BACK TO THE WELL AND YOU SAY, OH, IT IS GOING TO COST MONEY.

SO I DON'T WANT TO TALK MYSELF TOO FAR INTO CIRCLES HERE.

BUT IN IN FINDING OUT WHAT ALTERNATIVE REVENUE STREAMS ARE AND HONING IN AS THE CITY OPERATIONS HAVE BEEN ON THINGS LIKE GRANT FUNDING AND THINGS OF THIS SORT.

IMPACT FEES IS SOMETHING I'M RELATIVELY PASSIONATE ABOUT.

MR. ROJAS, HE'S RAISING HIS HAND.

I'M GOING TO JUST FINISH THIS THOUGHT.

IMPACT FEES IS SOMETHING I'M PASSIONATE ABOUT.

I HAVE LEARNED IN RECENT PAST THAT YOU CAN ONLY MESS WITH THOSE SO OFTEN AND WE'RE ON CADENCE FOR THAT.

SO I HAVE TO BE JUST RELATIVELY SATISFIED IN WHAT WE'RE DOING WITH IMPACT FEES.

BUT MR. ROJAS, JUMP IN.

I JUST NEED TO SAY THAT WE ARE GETTING OFF TRACK.

YES. STAY WITH THE AGENDA.

GUYS, IF YOU WANT TO DISCUSS THAT, WE CAN DISCUSS IT AT THE NEXT MEETING, HOWEVER.

DO IT WITH THIS. THIS IS A TAX BILL PRESENTATION.

SO ONCE YOU START WANT TO START TALKING ABOUT ALTERNATIVE REVENUES, THAT'S SOMETHING DIFFERENT.

I JUST WANT TO MAKE SURE THAT. I APPRECIATE THAT, SIR.

KEEPING US HONEST. I APPRECIATE THAT, TOO.

AND I WOULD.

I DON'T WANT YOUR QUESTION TO BE LOST, BUT AT.

ON. WE ARE AN ADVISORY BOARD.

WE ARE THE WE ARE.

A. I'M NOT TRYING TO STOP THE CONVERSATION.

I JUST WANT TO MAKE SURE THAT WE'RE DOING IT LEGALLY.

CORRECT. SO AT THE NEXT MEETING, WE CAN PUT THAT ON THE AGENDA.

WE CAN HAVE THAT DISCUSSION.

THAT'S NOT A PROBLEM.

ONE THING I WOULD LIKE TO TALK ABOUT, WELL, THERE'S ACTUALLY TWO THINGS AS YOU ARE REFERENCING, THAT OUR MILLAGE IS SO HIGH FOR THIS AREA.

YOU ALSO HAVE TO REMEMBER THAT WHEN YOU'RE LOOKING AT OTHER VILLAGES.

PROPERTY. THE TAX BASE IS SO MUCH GREATER, LIKE COUNTY.

X BASIS, ALL OF BREVARD COUNTY.

THEIR MILLAGE SHOULD NOT EVEN BE CLOSE TO OURS.

WAS, IT WOULD BE ASTRONOMICAL THE AMOUNT OF MONEY THAT THEY'RE COLLECTING.

THAT'S WHY IT'S LOWER.

YOU HAVE TO LOOK AT THAT.

BUT I WANT TO MOVE AWAY FROM THAT AND I WANT TO MOVE AWAY.

UH, THE ONE THAT WE SAID YOU'RE.

OC. AND WE CREATED.

EXCUSE ME. I'M NOT GOING TO TAKE ANY CREDIT FOR THAT.

WE'RE USING THE SAME EXAMPLE THAT'S IN THE PRESENTATION.

THEIR HOUSE FOREVER. GOT THE WHOLE OF OUR HOMES, THE WHOLE NINE YARDS.

WHAT WE WANT TO DO NOW IS WE WANT TO.

HAVE THAT PERSON, THE PERSON THAT BUYS IT NOW IS A INVESTOR.

NO EXEMPTIONS, NOTHING.

WANT TO SHOW WHAT THE IMPACT IS OF SOMEBODY THAT CAN HAVE TO PAY THE FULL RATE BUT ALSO HAVE THE IMPACT OF.

JUST VOTER APPROVED VOTER APPROVED A 3% CAP.

WHAT DOES THAT DO FOR SOMEBODY THAT'S AN INVESTOR? WHAT DOES IT DO FOR THE AVERAGE HOMEOWNER? THE EXAMPLE THAT WE HAVE HERE.

YOU'RE GOING TO SEE A DRASTIC CHANGE.

WHAT BASICALLY WE ARE WE ARE A HAVEN FOR INVESTORS TO BUILD HERE BECAUSE WE ARE CAPPING EVERYTHING AT 3%.

YOU ALREADY HAVE THE PROPERTY VALUES BEING CAPPED ON SAVE OUR HOMES.

NOW WE HAVE A DUPLICATE.

NOW WE'RE CAPPING AT 3%.

ON OUR TAX, ON OUR MILLAGE.

WE CAN COLLECT HERE.

AND IF WE DIDN'T HAVE THAT, YOU WOULD SPREAD OUT THAT COST OF WHAT IT COSTS TO RUN THE CITY.

ON INVESTORS.

INVESTORS RIGHT NOW ARE LOVING COMING HERE BECAUSE THEY'RE CAPPED AT 3%.

YOU CAN'T GO ANY HIGHER OR YOU CAN, BUT IT HAS TO BE SUPER MAJORITY.

IS THE PLACE THAT IF WE STOP DOING THAT, INVESTORS WOULDN'T KEEP COMING.

YOU HAVE SUBDIVISIONS THAT ARE LITERALLY BUILT JUST FOR INVESTORS.

THERE'S ONE DOWN ON MALABAR HERE THAT EVERY HOME IS A RENTAL HOME.

OUR. JUST A SUMMARY OF.

[01:10:03]

OUR VALUE IN OUR HOMES.

THAT VALUE.

80,003. THAT'S EXACTLY WHAT.

HAVE ADDITIONAL TAX EXEMPTIONS OF THE HOMESTEAD, WHICH IS THE 25 AND THE 25.

FOR THE COUNTY PUBLIC SCHOOLS.

THEY ONLY HAVE THE 25 AND THEN ALL OTHER TAXING.

SO THE ESSENTIALLY THE TOTAL TAXABLE VALUE FOR THAT 226,000.

55,000 PUBLIC SCHOOLS AND 30,000.

EVERYBODY ELSE. SO IN A COMPARISON FOR THE CITY OF BOMBAY AND THE DEBT.

UM. THAT WE HAVE THIS YEAR.

THAT OR.

$250 ANNUALLY FOR TWO TAXING.

EXHALE. IN THE CURRENT YEAR, THAT PORTION WENT UP TO 200 AND.

DOLLARS. REMEMBER I MENTION IT'S AN.

AND PORTION.

SO THERE WAS AN INCREASE OF APPROXIMATELY.

DOLLARS. SO THAT IS THE VARIANCE ANNUALLY FOR THAT HOMEOWNER WITH THOSE EXEMPTIONS.

IT'S ABOUT A DOLLAR TEN OR ABOUT A DOLLAR AND.

HYPOTHETICALLY SPEAKING.

THAT SOMEONE THAT HOMEOWNERS.

SALE AND INVESTOR.

HYPOTHETICALLY SPEAKING, IT IS THE SAME MARKET VALUE.

SO IT IS 226,000.

THAT HOME INVESTOR NOW IS NOT QUALIFIED FOR.

THAT TOTAL TAXABLE VALUE REMAINS THAT THE 200 AND.

HOW. OUT.

LAST YEAR'S PROPERTY TAXES FOR THAT PARTICULAR PROPERTY.

IF THAT IF THAT HOME INVESTOR PAID THE PROPERTY TAXES.

HAD TO DO A HYPOTHETICAL BECAUSE OBVIOUSLY THE PROPERTY.

AND HYPOTHETICALLY IF THAT THAT THAT INVESTOR THAT PROPERTY.

FOR 2021, THOSE PROPERTY TAXES WOULD HAVE BEEN APPROXIMATELY $1,520.

AND IN 2022, THAT TAX BILL WOULD INCREASE TO 1900.

SO THAT IS A VARIANCE OF.

THAT IS A COMPARISON OF WHAT YOU SEE FOR THE HOMEOWNERS WHO QUALIFY.

AND. THAT'S ESSENTIALLY IN A NUTSHELL, THE VARIANCE IN THE DIFFERENCE OF WHAT YOU WOULD SEE.

SEND CAPPING THAT.

REMEMBER WE TALKED ABOUT THIS.

CALL IT A CAP, BUT THERE IS A CAP.

NOT ON YOUR TAXES, BUT.

PROPERTY VALUE.

SO THE ADDITIONAL 3% CAP THAT THE CITY IMPLEMENTS.

ON HOMEOWNERS SIDE.

MINIMAL, BUT BECAUSE YOU ALREADY HAVE THAT.

ON THE MARKET VALUE THAT.

HAVE. WAS THEN.

BEST. NOT SUBJECT TO ANY.

AMOUNT.

I KNOW IT WAS COMING TO MY THOUGHT PROCESS THAT TO DO THAT, I MEAN, WE DO WANT INVESTORS TO BE ABLE TO COME HERE.

AND AND THAT'S THE.

RIGHT. SO THE IDEA IS FOR INVESTORS TO COME AND INVEST IN PROPERTIES AND.

ALL. THEY'RE NOT BECAUSE THERE'S A 3% CAP.

SO I DO HAVE A CALCULATION.

SO I DO HAVE A CALCULATION ON WHAT THE THREE.

HERE. REMEMBER? WE DID NOT ADOPT.

BUT THE 3% CAP.

7770. SO I WENT AND DID A HYPOTHETICAL ON WHAT IF THAT'S WHAT WE WOULD HAVE ADOPTED.

[01:15:05]

SO THE HOMEOWNER, SAME SCENARIO, SAME TAXES LAST YEAR, BUT THIS YEAR INSTEAD OF THE SEVEN POINT.

95995. BILL WOULD HAVE SHOWN THAT 6.7770.

SO THERE WOULD HAVE BEEN A REDUCTION ON THAT HOMEOWNER'S TAX BILL ANNUALLY OF $11, $11.66 FROM US GOING FROM THE 3% CAP TO THAT 7.5995 OF.

THERE'S A REDUCTION OF APPROXIMATELY 11.

OR THE INVESTOR, HYPOTHETICALLY SPEAKING.

NOW, THOSE PARTICULAR TAXES GOING FROM THAT 7.55955995 AND IF THE 3% CAP.

MENTED. THOSE PARTICULAR TAXES WOULD HAVE BEEN 200 AND.

DOLLARS A YEAR. ESSENTIALLY.

OKAY. OH, THAT OWNER THIS YEAR ON THE TAX RATE THAT WE'VE ADOPTED. AND IF.

OPTED. AT INVESTOR.

WHICH IS A REDUCTION OF APPROXIMATELY.

VERSUS THE HOME OWNER.

DUCTION. $13.

A THE ANNUALLY TO $11.

SO WHEN YOU'RE LOOKING AT IT.

TERRIBLY. NOT JUST LOOKING AT SCENARIOS.

OWNER AND SCENARIO.

LESTER. VARIANCE ON THE HOMEOWNER SIDE IS.

OXIMETRY. DOLLARS.

YOU'RE TALKING ABOUT $13.

IVAN. THAT'S.

MY HEAD SAYS THE INVESTOR HAS AN.

THAT IS. RIGHT.

RIGHT. YEAH.

AND JUST TO FOLLOW UP ON ON THE EARLIER COMMENT.

OURSELVES TO OTHER MUNICIPALITIES.

I DO. VARIABLE RATES TO TO OTHER MUNICIPALITIES.

I DON'T AND I DON'T JUST KEEP IT TO CITY WEST MELBOURNE.

ALL TAX. NOT THE HIGHEST.

BUT THE CONCEPT IS THAT.

WANT TO SPREAD. I'VE.

A MORE YOU CAN REDUCE YOUR RATE AND STILL GENERATE REVENUE.

WELL AND NOT JUST SUSTAINABLE.

OH. IT'S ONE OF THOSE LIKE QUOTES THAT I ALWAYS SAY.

YES. ALL GOOD.

BUT YOU CAN'T COMPARE AN APPLE TO AN ORANGE.

AND THAT'S WHAT WE CANNOT DO.

WE CANNOT COMPARE OURSELVES TO.

AND WE CAN'T COMPARE OURSELVES TO CAPE CANAVERAL.

WE. ROCK.

YOU'RE IN A UNIQUE IN A SENSE THAT WE ARE APPROXIMATELY.

OUT. AND IN ORDER TO SUSTAIN THE GROWTH OF.

HARD. IN PUBLIC SAFETY, THAT REVENUE HAS TO BE.

METHOD THAT IS. AND THAT IS.

SUSTAINABLE IN THE LONG TERM.

IT'S GREAT. I'M.

YOU HAVE SOMETHING ON YOUR TAX BILL, HAVE SOMETHING ON YOUR TAX ROLL.

YOU HAVE ADDITIONAL CUSTOMERS THAT ARE COMING OR NOT.

JUST REQUIRE. THAT, BUT.

HERE'S. UTILIZE IT TO PUT TOWARD THE FIRE STATION, WHICH YOU CANNOT.

PAINTING A FIRE. SO FOR US.

THAT COMPARABLES EVERY.

PROCESS AND IT IS DIFFICULT.

WE'RE ALL OUT BECAUSE LOOKING AT MATH.

[01:20:03]

WE'RE BUILT OUT MORE THAN WHAT WE ARE IF WE'RE AT 80 OR 90% OUTPUT.

NOT HAVE TO. I CAN PROBABLY PROJECT THAT WE CAN GO WITH OUR TAX RATE, OUR ROLLBACK RATE.

SUSTAINABLE. AS FOR.

GO TO A ROLLBACK, WE CAN GO BELOW ROLLBACK.

SHOULD. JOHN, BECAUSE YOU'RE NOT.

OTHER. THAT IS SORT OF WHAT WE'RE TRYING TO SHOW THAT.

THE. AT.

REGARDLESS OF. I.

MATH. I.

BUT. HOW EXEMPTIONS BENEFIT.

THAT'S REALLY. I THINK I MISSED SOMETHING.

RANDOLPH WHEN HE WAS SPEAKING ABOUT HIS TAX BILL, DO THEY NOT QUALIFY LIKE.

THEY NOT QUALIFY FOR THE SAVE OUR HOMES BECAUSE THEY HAVEN'T HAD THE PROPERTY FOR.

CERTAIN AMOUNT OF YEARS QUALIFY FOR IT, BUT THE SAVINGS PROVIDED OR PROVIDED BY IT, IT ACCRUES, SO TO SPEAK, AS YOU GO ON, WOULD ACCRUE ONLY INCREASES BY SO MUCH EACH YEAR.

SO IF YOU BOUGHT 20 YEARS AGO IN YOUR HOUSE WAS A LOT CHEAPER.

IT'S BEEN INCREASING VERY SLOWLY FROM THAT POINT, WHEREAS WE BOUGHT RECENTLY.

SO IT STARTED FROM THAT MARKET VALUE, WHICH WAS RIGHT AND THERE'S.

PLUS ONE OTHER THING THAT WAS MISSED AS FAR AS THE SALE OF OUR HOMES, AS THE PROPERTY VALUES GO UP, OF COURSE, IT GETS 3% OR CPI, WHICHEVER IS LOWER, PROPERTY VALUES GO DOWN.

AND. OH BENEFIT OF IT GOING DOWN.

IT'S NOT SLOWED DOWN BY CPI OR.

YEAH, THERE'S A THERE'S A GREAT BENEFIT.

SAVE OUR HOMES.

AS IT WHEN PROPERTY VALUES GO DOWN, YOU GET THE FULL RATE.

STARTS CLIMBING BACK UP, THEN IT GOES BACK TO THREE.

I. VALUES PLUMMETING IS NOT USUALLY SOMETHING YOU WANT.

TIREDLY UNHEARD OF THANKS TO 2000.

BUT YEAH, USUALLY SUPPOSED TO BE UNHEARD OF.

ALL SEEN WAY TOO MANY ONCE IN A LIFETIME.

EVENTS FOR OUR LIFETIME.

SO OTHER QUESTIONS, FOLKS.

IT WAS MENTIONED THAT THE THE GOAL, SO TO SPEAK, WOULD BE INCREASING THE TAX BASE SO THAT WE CAN THEN LOWER THE MILLAGE.

HOW DOES THAT FACTOR IN TO RECORD GROWTH THAT WE'VE SEEN IN PALM BAY OVER THE LAST TWO YEARS WITH.

NOW RECORD.

TAX COLLECTIONS BECAUSE OF THE ISSUE OF YOU ARE NOW YOU'RE HAVING TO BUILD FIRE STATIONS STATIONS.

THE DEMANDING IS ACTUALLY THE BIG PART.

AT ONE FIRE STATION, THE MANNING ALONE IS $1.2 MILLION PER YEAR.

SO AS YOU INCREASE.

REVENUE WE'RE TAKING IN.

IT EATS INTO ALL THAT, ALL THE NEW CONSTRUCTION REVENUE.

UP ALMOST IMMEDIATELY JUST BY DOING SOMETHING LIKE THAT.

FUNDING. WE'RE DOING OFFICERS EVERY YEAR WE'RE ADDING OFFICERS.

THAT IN ITSELF IS EATING INTO THAT.

KEEP ON INCREASING PUBLIC SAFETY FIRE.

YOU ALSO HAVE ALL THE SUPPORTING ORGANIZATIONS.

THAT NEED TO FOLLOW.

HAVE PROCUREMENT, YOU HAVE HR, YOU HAVE FINANCE, YOU HAVE ALL THOSE ORGANIZATIONS THAT STILL NEED TO FOLLOW.

YOU HAVE FACILITIES.

NEED TO MAINTAIN.

FACILITIES. YOU HAVE A FLEET THAT NEEDS TO TAKE CARE OF ALL THE VEHICLES THAT NOW YOU HAVE ALL THESE NEW POLICE OFFICERS, YOU HAVE ALL THE FIRE DEPARTMENT.

SPREADS EVERYTHING OUT.

AND THERE'S. NOT ENOUGH REVENUE BEING COLLECTED BECAUSE WE'RE GROWING SO FAST.

[01:25:02]

THING THAT KEEPS BEING SAID, AND IT'S QUITE TRUE, IS WE NEED COMMERCIAL PROPERTIES TO COME IN HERE BECAUSE THAT'S A COMMERCIAL PROPERTY.

$1,000,000. HYPOTHETICAL.

OUR COLLECTING.

HUNDRED AND 50,000 ON A PARTICULAR PROPERTY, ON A BIG COMMERCIAL PROPERTY, THE CHANCES OF HAVING TO HAVE FIRE OR POLICE GO THERE IS MINIMAL.

BIG ORGANIZATION AND THEY'RE PROBABLY.

INTERNALLY. THEY TAKE CARE OF IT THEMSELVES.

IT'S A BIG COMPANY.

HARRIS YOU KNOW, WE'RE NOT GOING TO SEND POLICE AND FIRE INTO HARRIS.

THEY HAVE THEIR OWN. HAVE A COMPANY LIKE THAT.

COLLECTING ALL THAT REVENUE COMING IN, BUT WE'RE NOT HAVING TO SUPPORT THEM.

BUT WHEN YOU HAVE RESIDENTIAL PROPERTIES FOR EVERY RESIDENTIAL PROPERTY THAT YOU HAVE.

HAVE A POLICE GOING THERE.

YOU HAVE. AH, YOU'RE GOING THERE YOU HAVE.

MANY MORE HOMES THAT THEY HAVE TO GO TO AND TAKE CARE OF.

WHEREAS COMMERCIAL.

GENERATING REVENUE BUT NOT YOU'RE NOT PUSHING RESOURCES TOWARDS THAT.

TALKING ABOUT THE BENEFIT, THOUGH, OF THE RENTAL COMMUNITIES BEING THE TYPE OF INVESTOR OWNED PROPERTIES THAT.

BRING IN MORE TAX REVENUE.

THAT WOULD BE A. KIND OF AN IN-BETWEEN TYPE OF PROPERTY, I SUPPOSE BETWEEN THE TWO.

IT'S COMMERCIAL, BUT IT'S ALSO RESIDENTIAL.

BUT IT DOES HAVE THE SAME STRAIN ON THE RESOURCES THAT RESIDENTIAL DOES BRINGING IN.

AXES. STILL.

YEAH. FOR EVERY RESIDENTIAL HOME THAT YOU HAVE OUT THERE, IT PUTS A STRAIN ON ALL THE PUBLIC SAFETY AND EVERYTHING ELSE.

ELSE. YOU'RE FINE.

IT'S JUST BASED ON THE INFORMATION.

I'M THINKING THERE HAVE TO BE SOME SOME MATH DONE, BUT IT SOUNDS LIKE LARGE SCALE.

ESPECIALLY CLOSE.

MOST BUILT RENTAL COMMUNITIES.

ONE OF THE BIGGEST STRAINS ON.

ON THE CITY'S INFRASTRUCTURE AND SYSTEMS, BECAUSE THOUGH IT IS STILL GETTING A HIGHER TAX REVENUE, IT IS ALSO SIGNIFICANTLY MORE DENSE IN POPULATION.

CAUSING A LARGER STRAIN THAN SINGLE FAMILY HOMES.

NOT ENOUGH. I WOULD IMAGINE THAT'S WHERE THE MATH WOULD COME IN, NOT ENOUGH ADDITIONAL TAX REVENUE TO MAKE IT.

AND IF IF YOU IMPLEMENT IT AND YOU KEPT THE.

LEAVING ALL OF THAT REVENUE THAT WE SHOWED.

THAT'S JUST. IF. IF.

CAP IT. DON'T CAP IT.

OF COURSE. AS QUESTION.

THAT'S. SORRY.

THAT'S THE DILEMMA OF THE CITY.

ONE LAST QUESTION FOR ME.

THAT'S. NEXT AND WOULD RELATE TO OR BE MORE.

ANSWERED AT A FOLLOWING MEETING.

PERHAPS WE COULD. WOULD BE SOMETHING I WOULD LIKE TO HAVE ON THE AGENDA IN THE NEAR FUTURE.

THE. OTHER SOURCES OF INCOME THAT WE DO CURRENTLY HAVE OUTSIDE OF PROPERTY TAXES OR IN FACT, ANY STANDARD TAXES.

AND I. HOW MUCH IS COMING IN FROM WHAT AND.

WHAT IT'S BEING USED ON, BECAUSE SPECIFICALLY MY INTEREST IS PIQUED BY.

ALL FUNDS. SUMMARY.

THERE'S TWO THAT ARE VERY INTERESTING, BUT THE ONE THAT'S MORE INTERESTING IS CHARGES FOR SERVICES.

I REQUESTED SOME MORE INFORMATION ON THAT FROM THE CITY MANAGER AND I GOT SOME MORE DETAIL AS THE TYPE OF THINGS THAT ARE IN IT AND I WAS CURIOUS ABOUT WHAT WAS IN IT BECAUSE IT IS MORE THAN DOUBLE, DANGEROUSLY CLOSE TO TRIPLE WHAT WE RECEIVE IN PROPERTY TAXES EVERY YEAR.

ACTUALS FOR 2021.

CHARGES FOR SERVICES WERE 65, ALMOST 60 EXCUSE ME, 85, ALMOST $86 MILLION.

ORIGINAL BUDGET FOR 2022 WAS 90 AND ONE HALF MILLION DOLLARS.

AND THAT DIDN'T REALLY CHANGE THROUGHOUT THE AMENDMENTS OR THE END OF YEAR ESTIMATES.

1991 PROPERTY TAXES.

538. BUDGET FOR 2023, EVEN 4546.

SO THE BIT OF ADDITIONAL INFORMATION I DID GET WAS SOME OF THE CATEGORIES UNDERNEATH THAT, BUT NOT NUMBERS.

SO TALKING ABOUT THE NUMBERS WOULD BE SOMETHING FOR REFERENCE, BUT MY CURIOSITY COMES FROM THE RELATED TOPIC OF IF TAXES ARE SUCH A. TENUOUS THING.

[01:30:01]

CONTENTIOUS TOPIC.

RAISE THE CHAIR TOO MUCH. MY LEGS UNDER THE THING.

AND MY CURIOSITY IS PIQUED BY SEEING HOW MUCH MONEY IS COMING IN FROM SOME OF THESE OTHER PLACES.

SO I'D BE CURIOUS TO SEE HOW MUCH FROM WHICH BECAUSE A LOT OF THINGS ARE CONTAINED UNDER SOME OF THOSE BECAUSE OBVIOUSLY THEY'RE SUMMARIES OF CHARGES FOR SERVICES.

I UNDERSTAND IT INCLUDES.

OLD GOVERNMENT TYPE LIKE ZONING FEES AND APPLICATIONS.

LEAN RESEARCH CHARGERS, ENGINEERING PLANS.

MOWING. PUBLIC SAFETY, SUCH AS FIRE INSPECTION FEES, POLICE RANGE FEES, MONITORING ALARM FEES, ALL RECREATIONAL RELATED REVENUE, WHICH.

IT'S MY CURIOSITY THERE A BIT AS WELL AS SEVERAL SEVERAL OTHER THINGS.

SO IF IT WOULD BE POSSIBLE IN RELATION TO THIS TOPIC THAT WE COULD PUT A MORE DETAILED LOOK AT SOME OF THOSE CHARGES FOR SERVICES ON A FUTURE AGENDA.

THAT WOULD BE FOR. CAN DO THAT AND I WANT TO HIGHLIGHT.

CAN ALL FUNDS WHICH WILL INCLUDE UTILITIES, PUBLIC WORKS.

SO YOU HAVE TO REMEMBER THAT.

TALKING PROPERTY TAXES, GENERAL FUND ALL FUNDS INCLUDES EVERY SINGLE FUND THAT THE CITY OPERATES.

WE HAVE APPROXIMATELY. NINE.

WHICH INCLUDES SERVICES OR CHARGES FOR SERVICES THAT CANNOT BE UTILIZED ON GENERAL FUND SERVICE DEPARTMENTS WHEN WE TALK ABOUT PUBLIC SAFETY NUMBER ONE.

POLICE AND FIRE.

ACCOUNT FOR 50% OF THE GENERAL FUND.

IT. WHERE ITEMS LIKE UTILITIES, SERVICE CHARGES, CHARGES FOR SERVICES CANNOT BE UTILIZED TOWARDS PUBLIC SAFETY.

IT'S AGAINST THE LAW TO PAY FOR GENERAL FUND SERVICES.

OTHER OTHER.

WELL, I CAN GO INTO THAT.

THAT IS A CLEAR DISTINCTION THAT HAS TO BE MADE.

I CROSS FUNDS.

PROBABLY WHAT WOULD BE PROBABLY WHAT YOU HAVE.

LIKE YOU SAID, IT'S ALL FUN.

THAT'S WHY IT LOOKS LIKE IT'S. UNDER GENERAL FUNDS.

IT'S MORE LIKE SIX OR FIVE.

HAVE THAT DESIRE TO TALK ABOUT IT AT.

EDIT. YEAH.

I MEAN. MORE OF THE.

PART OF THE CURIOSITY ALSO COMES FROM TAKING A STEP FARTHER BACK THE FACT THAT THE LIKE YOU MENTIONED, POLICE AND FIRE PUBLIC SAFETY.

TAKES ABOUT 50% OF THE GENERAL FUND, BUT THE GENERAL FUND IS ABOUT 33% OF TOTAL BUDGET.

IT'S TAKING 50% OF 33, WHICH AT THE END MAKES IT SEEM A LOT LESS SIGNIFICANT.

SO MY CURIOSITY COMES FROM ARE THERE ANY POSSIBILITIES? OPPORTUNITIES FOR ANY KIND OF STRUCTURING OR IS IS EVERY DOLLAR THAT'S GOING SOMEWHERE ELSE RESTRICTED TO THE PLACE THAT'S GOING OR WHAT ARE THE OTHER OPTIONS FOR IT AND BEYOND WHERE THEY ARE CURRENTLY GOING IN THE POSSIBILITIES THERE? IS THERE ANY. OPPORTUNITY OR WAY TO RESTRUCTURE HOW THEY FUNCTION.

THAT MONEY ENDS UP COMING.

OF GOING WHERE IT COULD BE THE MOST USEFUL.

THAT DID REQUIRE.

ALL. REIMAGINATION.

BASICALLY A LITTLE BIT OF A BLUE SKY THING.

CHALLENGING, BUT SOMETIMES VERY FRUITFUL.

SO YOU NEVER KNOW. SO THAT'D BE CURIOUS.

THAT'S WHY I'D BE CURIOUS TO SEE SOME ADDITIONAL INFORMATION WITH DISTINCTIONS BETWEEN GENERAL AND.

AND THAT PRESENTS.

TO LOSE YOUR. THANK.

THAT. ASK.

LIKE. I WILL DO THAT.

I MEAN, YOU'VE ALREADY TALKED ABOUT IT LIKE.

DON'T MIND. OR IF YOU WOULDN'T MIND DOING THE SAME THING.

I CAN ADD IT.

LIKE I MIGHT BE HIJACKING.

NO, NOT AT ALL.

NOT AT ALL.

[01:35:03]

ALL SOUNDS GOOD. I AM CURIOUS IF MY MEMORY SERVES ME.

WE AGREED TO SKIP THE BEGINNING OF THE NEW YEAR.

RIGHT. SO WE'RE COMING BACK IN MARCH, IS THAT CORRECT? THAT'S WHERE WE. OC.

SO BEFORE WE KIND OF GET INTO THAT CONCLUSIONARY STATEMENT, I JUST WANT TO MAKE SURE THAT THROUGH THE LENS OF THE PRESENTATION AND THROUGH THE LENS OF THE CALCULATOR THAT MS..

COLLINS HAS BEEN ABLE TO SHARE WITH US, THAT EVERYONE'S QUESTIONS FOR THE EVENING HAVE BEEN ANSWERED AND SUCH.

ALL RIGHT, GOOD.

SO I, I APPRECIATE THIS THIS PRESENTATION THIS EVENING, AND I LOOK FORWARD TO COMING IN AND JOINING YOU GUYS IN MARCH.

I KNOW THAT WHAT I'LL BE WORKING ON IN THE NEXT 60 DAYS OF OF TABULATE AND FORMULATING IS JUST KIND OF.

DIRECTIONALLY WHAT I WOULD LIKE TO SEE THE BOARD DO IN THE NEXT FISCAL YEAR PLANNING.

AND MOVING FORWARD, YOU KNOW, IN FUTURE YEARS.

AND I KIND OF WANT TO JUST PRESENT THAT TO YOU ALL AND MAYBE EVEN CONSIDER AMENDING SOME OF OUR BYLAWS TO INCORPORATE SOME OF THAT.

TO MAKE A LONG STORY SHORT, I JUST FEEL LIKE THE BOARD HAS LOST ITS IDENTITY OVER THE PAST YEAR OR TWO, AND ITS IDENTITY AND ITS VALUE GOT CALLED INTO QUESTION, WHICH IS SOMETHING THAT I WANT TO MAKE SURE WE ANSWER THE CALL OF SUCH.

SO I JUST WANT TO MAKE SURE THAT WE'RE DOING OUR PART TO STRUCTURE OUR ACTIVITIES AND MAKE SURE THAT THEY BRING THE MOST VALUE TO OUR COMMUNITY AND TO OUR NEIGHBORS.

SO I'LL I'LL WRITE SOME THINGS UP AND GET THEM PROPOSED AND ON THE AGENDA.

AND WE'LL WE'LL HAVE A FRUITFUL MEETING NEXT MARCH OF 23, WHICH IS ONLY SO FAR AWAY.

AND WE'LL BE TALKING ABOUT IN SHORT ORDER AFTER THAT, A WHOLE NEW FISCAL YEAR BUDGETING, WHICH I KNOW EXCITES MISS COLLINS GREATLY.

BUT I JUST WANT TO THANK YOU GUYS AGAIN.

MS.. COLLINS. MR. WOJCIECHOWSKI, FOR YOUR TIME NOT ONLY THIS EVENING, BUT IN PREPARING FOR IT AND FOR EVERYBODY ON THE BOARD AND ANY FURTHER BUSINESS BEFORE WE CALL IT.

OH, ALL RIGHT. WELL, THE HOUSE CLERK SAYS THAT IT'S 811, SO WE'LL CALL THIS MEETING ADJOURNED.

* This transcript was compiled from uncorrected Closed Captioning.