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HomeMy WebLinkAbout078 08 cc-', Avv;:\ 3 I . \recv.' 11 ~lo8' A~,e5"5br, STATE OF WASHINGTON County of Jefferson In the Matter of a Declaration of a } Financial Emergency in the Jefferson} County General Fund } RESOLUTION NO, 78-08 WHEREAS, the citizens of Jefferson County depend on County programs and services to conduct their lives and their businesses; and WHEREAS, the County confronts an unanticipated economic downturn that has depressed the amounts garnered through sales tax, Real Estate Excise Tax, fees, grants and other revenue streams to the County's General Fund; and WHEREAS, the cost of providing County programs and services at existing levels continue to rise at the approximate rate of inflation; and WHEREAS, unencumbered excess fund balance in the General Fund is what has been relied upon in the past few years to help carry the County through a lean economy; and WHEREAS, unanticipated revenue shortfalls and County expenditures in 2008 are now estimated to total more than $1 million, resulting in emergency appropriations drawn from the General Fund, and depleting the amount of excess fund balance for 2009 and beyond; and WHEREAS, notwithstanding prior efforts to economize by holding open vacant positions and reducing other expenditures, depressed revenue has impacted the 2008 budget in some County Departments to the point that an unanticipated reduction in force of six positions and a reduction in hours for staff were implemented on November 17, 2008, effective December I, 2008; and WHEREAS, in the past two months, national, state and local economic indicators have continued to substantially worsen; as reflected by Congress passing and the President signing the "Emergency Economic Stabilization Act of2008" on October 3, 2008; and WHEREAS, locally, the worsening economy deepens the public's reliance on important County government programs and services, while further jeopardizing future County revenues; and WHEREAS, the County now faces the economic necessity of examining further cutbacks to vital public programs and services; and WHEREAS, since 1999, Jefferson County has chosen not to levy the highest lawful levy on property taxes, saving tax payers money during that time, and creating unlevied portions of the maximum property tax levy (known as Banked Capacity) for future years; and RESOLUTION NO. 78-08 Page: 2 WHEREAS, the County Assessor has determined the County and Current Expense Levy (General Fund) Banked Capacity for 2009 taxes to be $473,171.68; and WHEREAS, at the November 17,2008 regular meeting of the Board of County Commissioners, the County Administrator presented a memo and budget analysis entitled "Update on 2009 Budget Preparation" reflecting updated revenue and expenditure forecasts and projecting that if the County does not use Banked Capacity, an additional $350,000 in program and service cuts would be necessary in 2009, and that further cuts would be necessary in subsequent years; and WHEREAS, the Board of County Commissioners has the authority pursuant to state statute and WAC 458-19-065 to levy any or all of the prior year's unlevied portions of the maximum property tax levy (known as Banked Capacity) when setting the ad valorem property tax levies; and WHEREAS, Jefferson County Ordinance No. 18-1220-04 establishes criteria for considering the use of Banked Capacity, including the provision that the Commissioners may by simple majority vote to declare an emergency to exist by adopting a resolution at a regular public meeting stating the specific nature of an emergency and the basis of determining the amount of Banked Capacity that will be levied; NOW, THEREFORE, BE IT RESOL VED, by the Board of Commissioners of Jefferson County that as provided in Ordinance No. 18-1220-04 an economic emergency is hereby declared to exist for the reasons previously stated in this Resolution, which requires the use of $473,171.68 of the County and Current Expense Levy (General Fund) Banked Capacity based upon the budget analysis described in this Resolution. APPROVED AND ADOPTED this 24th day of November, 2008. JEFFERSON COUNTY BOARD OF \=OMMISSIONERS "' " Phil John' ~, Chaiqn ) / /. // .' ;J ~~,'L, JO~' ember _"0"''':'; ::,,-\ ATTEST: . ~a'jO::::: DmC Deputy Clerk ofthe Board JEFFERSON COUNTY BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST TO: Board of Commissioners Philip Morley, County Administrato~~- Jack Westerman III, County Assessor v ~ FROM: DATE: November 24, 2008 RE: Public Hearing on Setting 2009 Ad Valorem Tax Levies for Jefferson County for Levy in 2008 and Collection in 2009 STATEMENT OF ISSUE: A Public Hearing is scheduled at 10 AM on November 24 to take public comment on setting property tax levies for Jefferson County in 2008 for Collection in 2009. This covers levies for the general fund, roads, and conservation futures. ANALYSIS: On November 17, 2008, the Board of County Commissioners received a budget analysis in a memo and briefing entitled "Update on 2009 Budget Preparation" reflecting updated revenue and expenditure forecasts since the 2009 Preliminary Budget was originally presented on October 6. The analysis, which focused on the General Fund, reflects unanticipated revenue shortfalls and additional County expenditures in 2008, now estimated to total over $1 million, resulting in emergency appropriations drawn from the General Fund, and depleting the amount of excess fund balance available for 2009 and beyond. The County will use the excess fund balance to help maintain existing programs and services for the next several years until the region's economy recovers. The analysis presented on November 17 also reflects the worsening national, state and local economies, as well as normal cost inflation for existing County programs and services in 2009 - 2014. It concludes that significant program and service cuts will be required each year starting in 2009 through 2013 to match expenditures to revenues and retain healthy fund reserves in the General Fund. The analysis showed that if the County does not use Banked Capacity in 2009, an additional $350,000 in program and service cuts would be necessary in 2009, and that further cuts would be necessary in subsequent years. Attached to this Agenda Request are recommended resolutions establishing ad valorem tax levies for the 2009 County General Fund levy, the 2009 County Road levy, and the 2009 Conservation Futures Tax levy. The 2009 proposed Road levy amount and the proposed Conservation Futures Tax levy amount both represent a one percent (1 %) increase from the levy amount in 2008. The 2009 proposed General Fund levy amount includes the one percent increase, plus the use of Banked Capacity of$473,171.68. Jefferson County Ordinance No. 18-1220-04 establishes criteria for considering the use of Banked Capacity, including the provision that the Commissioners may vote by simple majority to declare an emergency by adopting a resolution at a regular public meeting stating the specific nature of an emergency and the basis of determining the amount of Banked Capacity that will be levied. A proposed resolution recognizing the County's current financial emergency is attached. FISCAL IMPACT: As proposed, the amounts that would be levied in 2009 are as follows: Levv 2009 Amount 2009 County General Fund Levy:__________________.____._______$6,675,520.27 2009 County Road Levy:_________.__________.___.____.______.........$3,514,035.67 2009 County Conservation Futures Tax Levy:___________$ 193,577.83 Increase from 2008 $534,581.07 $ 34,792.43 $ 1,916.61 If the Board of County Commissioners reduces the proposed levy amounts, commensurate program and service cuts would need to be made or additional depletion of fund balance made in the 2009 budget. RECOMMENDATION: After hearing public testimony and upon deliberation, the Board of County Commissioners may adopt 2009 levies as proposed, or may make amendments to any of the amounts prior to adoption. Staff recommends adopting the 2009 levy amounts as proposed. Staff does not recommend using Banked Capacity in 2009 for the County Road Levy or the Conservation Futures Tax Levy. Staff does recommend using Banked Capacity for the 2009 County General Fund. If the Board of County Commissioners wishes to use Banked Capacity for the General Fund, it must first adopt a resolution pursuant to Jefferson County Ordinance No. 18-1220-04, declaring an emergency and the basis of determining the amount of Banked Capacity that will be levied. The Board of County Commissioners may adopt the proposed emergency resolution as is, or with amendments. If the Board determines it will not use Banked Capacity, it is not necessary to adopt a resolution declaring an emergency. Pursuant to state law, the Board of County Commissioners must take action to set the 2009 levy amounts and notify the County Assessor no later than November 30, 2008. REVIEWED BY: I/!i<:? 16 'D Date