Budget In Brief Overview

Transcription

1 Budget In Brief Overview Mayor s Recommended Fiscal Year 2016 Budget This Budget in Brief presents a condensed overview of the fiscal year 2016 budget for the city of St. Petersburg, Florida as presented to City Council at the second and final public hearing on September 17, This report is intended to give citizens information on the 2016 budget, using charts and graphs to aid in the presentation of the material. The city budget year runs from October 1 st until September 30 th of the following year, as required by state statute. State law also requires two public hearings on the proposed budget; the first hearing was held on September 3 rd at 6:30 PM. City Council received public input and tentatively adopted the budget FY16 budget at this hearing. The second public hearing is scheduled for September 17, 2015, at City Hall in Council Chamber at th Street North, St. Petersburg, Florida. Public input is again welcome and City Council will adopt the final budget at the second hearing. Changes can be made up to the final adoption. Prior to submitting his recommended budget to City Council, Mayor Kriseman held three budget listening tour meetings that allowed members of the community to share their views on funding priorities. Suggestions received at those summits had significant influence on the recommended version of the budget that was submitted to council on July 7, We hope you find this information useful. If you require more detail on the budget, the entire budget is online at City of St. Petersburg Budget Department th Street North, St. Petersburg, Florida (727)

2 RE: FISCAL YEAR 2016 OPERATING BUDGET AND FISCAL YEAR CAPITAL IMPROVEMENT PROGRAM The Fiscal Year 2016 budget maintains and builds upon the investments we made in the Fiscal Year 2015 budget and advances us toward our vision. This Budget in Brief reflects my balanced budget recommendation for Fiscal Year 2016 as presented at the second public hearing to City Council on September 17, Well-crafted budgets illustrate priorities. They reflect values and advance vision. I am proud to submit to City Council my balanced budget recommendation for Fiscal Year The Fiscal Year 2016 Operating and Capital Improvement budgets build upon the values articulated in last year s budget and advance our collective vision of being a city where the sun shines on all who come to live, work and play. This budget is informed by what our community values, and I am appreciative of the commitment to civic engagement that so many of our residents have demonstrated during its development. I believe we have been responsive to their desires and that the budget process has been transparent and inclusive. Following are highlights of our funding priorities. 2

3 Operating Budget Funding Priorities Below is a short description of several important priorities that are included in the budget: Police Department The FY16 budget includes approximately $930,000 to add 12 uniformed officers enabling the department to establish two (2) new permanent patrol squads in the rapidly growing and diverse downtown area and increase authorized strength from 550 to 562 sworn officers. Additional investments planned for FY16 include an increase of $322,000 for diversity, safety and impartial policing training; a restoration of $300,000 for overtime; $159,000 for the reserve unit; and $460,000 for new or improved technology such as plate readers, cameras, tasers and radios. Additional resources in the amount of $704,676 are included in the Police Department budget to fund the FY16 agreement reached with the PBA. Fire Department The FY16 budget includes $250,000 to establish a fire cadet program with the goal of creating a symbiotic relationship between organizational needs and community opportunities. The intent of the program is to facilitate a career path within the Fire Department for members of the St. Petersburg community who by circumstance would otherwise be unable to do so. This program will recruit qualified and eligible candidates into the Fire & Rescue department and provide them with the required level of training and education for them to become valued career members of St. Petersburg Fire & Rescue. We expect this program to create greater diversity in the ranks. Additionally, there is $60,000 to replace protective helmets for our team of fire fighters. Parks & Recreation The FY16 budget includes $635,000 for the creation of a Streetscape Maintenance crew. For many years maintaining the physical infrastructure funded by our CIP has been a challenge. Council members and citizens have urged that additional resources be allocated to maintaining the landscaped medians we have installed. This investment will provide for one foreman position and two teams of four (4) workers to focus exclusively on the medians around the city. Planning and Economic Development A total new investment of $896,815 includes $250,000 to advance the Innovation District, a major St. Petersburg economic generator with several significant and growing employers, including USFSP, All Children's Hospital/Johns Hopkins Medicine, Bayfront Health, USGS, NOAA and the USF College of Marine Science. Additional investments include: $250,000 in Neighborhood Commercial Public Private Partnerships and a Neighborhood Commercial Loan Fund; $100,000 investment in the Grow Smarter Strategy, a joint venture with the Chamber of Commerce; $71,815 for the addition of a deal maker position to focus on large and small scale projects across the city; $200,000 in the Rebates for Rehab program and an additional $25,000 for the TBBBIC micro-loan program. Youth Employment The total investment in youth employment is $510,000 for FY16. The total is made up of $300,000 for summer youth employment (an increase of $25,000 over FY15); $125,000 for after school youth employment (an increase of $25,000 over FY15); $50,000 for the Reads to Me program; and 35,000 for workforce readiness. Arts Funding The FY16 budget includes an additional investment of $87,000 in the arts including an increase of $37,000 in grant funding to bring the total investment in arts grants to $250,000. Also included is $50,000 to continue the Arts Alliance consulting services contract. 3

4 Library The FY16 budget includes an increased investment of $156,000 in our library collection materials bringing our total investment in FY16 for collection materials to $660,153. Additionally, we plan an increase of $87,500 for reference materials. Finally, we are converting four (4) temporary parttime positions to four (4) permanent part-time positions with an estimated investment of $82,564. St. Pete Stat The FY16 budget includes funding in the Mayor s Office for the establishment of a St. Pete Stat coordinator. This position will closely work with the administration to move our organization from simply tracking and reporting key data points to using those data points to guide management decisions. The evolution from performance measurement to management is critical to the city s vision and efficacy. Salary Increase The FY16 budget includes an investment in salary increases for the men and women who provide outstanding service to our residents. Resources are included in the budget to provide a three percent (3%) general wage increase (GWI) for the men and women who work hard every day to make sure the sun shines on all who live, work and play in the city of St. Petersburg. Economic Stability Fund An investment of $500,000 in our reserves is again planned in FY16. These resources are budgeted as a transfer from the General Fund to the Economic Stability Fund to maintain strong reserves. Technology Fund Replenishment New in FY16 is the introduction of an annual charge to each department to replenish the Technology Fund. The total projected investment in the Tech Fund is $740,000. Healthy St. Pete Initiative $50,000 is invested in the Parks and Recreation Department budget to advance the Healthy St. Pete Initiative. Capital Improvement Program (CIP) Funding Priorities Fossil Park Fire Station Number Seven We have reallocated Penny for Pinellas resources to provide $3.580 million to construct a new Fire Station at Fossil Park. This is an important milestone as this is the final fire station to be remodeled or reconstructed with Penny for Pinellas funds. Bio Solids to Energy Project A total investment of $63.36 million for the Bio Solids to Energy project is in the FY16 CIP budget. This investment is 71% of the Water Resources total FY16 CIP budget of $ million and will provide for the construction of state-of-the-art facilities at the South West Water Reclamation Facility to process all of the city s biosolids and to produce renewable natural gas. Library The capital improvement budget includes a total of $975,000 for improvements at our libraries: $450,000 for parking lot improvements at Main Library; $325,000 for a Radio Frequency Identification System that will allow for more efficient lending and processing of materials, as well as a more convenient and enhanced customer experience at each of our libraries; and $200,000 for general library improvements. Shore Acres Recreation Center The five-year Penny for Pinellas CIP plan will allocate $6.149 million for the Shore Acres Recreation Center. We are still developing the plans for this new facility and the final amount that will be needed is yet to be determined, but assigning $6.149 million to this important project is a very good start. Mayor Rick Kriseman 4

5 BUDGET FACTS The city s fiscal year begins October 1 st and ends September 30 th. This is the timeframe specified by state law for all local government budgets. Florida Statutes also require that budget appropriations be made each year and that each year s budget be balanced. Each year the City Council approves an operating budget and a capital improvement budget. The capital improvement budget is part of a multi-year Capital Improvement Program (CIP). Only the first year of the five-year plan is appropriated. In accordance with the city code, the mayor presents a recommended budget to City Council on or before July 15 th each year. The FY16 budget was presented to City Council on Tuesday July 7, The schedule for adoption of the annual budget is governed by Florida Statutes. Two official public hearings are required for adoption of the FY16 budget. The first public hearing is scheduled for September 3, 2015 and the second public hearing is scheduled for September 17, Both hearings will be held at 6:30 pm at City Hall. In addition to state law and the city code, Council has adopted a series of fiscal policies that provide guidance in developing the annual budget. These guidelines cover such areas as revenue forecasting, fund balance targets, investing city monies, and issuing debt. City monies are budgeted and accounted for in a number of different funds. This allows monies which must be spent for certain purposes to be separated, and it helps show the full cost of certain city operations. The types of funds in the city s budget are: THE GENERAL FUND, which supports all o f the services of general government that are not required to be accounted for separately. This includes police and fire services, regulatory services, such as codes, planning and zoning, leisure services like parks and recreation, and general administrative functions, such as the Mayor s Office, City Council, accounting, personnel and procurement. ENTERPRISE FUNDS, which account for the full cost of operations, maintenance and capital improvements of city operated businesses like Water Resources, Sanitation and Golf Courses. SPECIAL REVENUE FUNDS, which segregate monies received or set aside for specific purposes and activities which need to be accounted for separately. These include county-funded Emergency Medical Services, the Parking Revenue Fund, Building Permit Fund, the Law Enforcement Fund, which includes revenue from the forfeiture and seizure of property, and other funds which account for revenue pledged for debt or which isolate grant monies. INTERNAL SERVICE FUNDS, which include insurance and workers compensation costs and the city s internal support services, such as technology services and fleet maintenance. The departments served by these funds pay these costs. DEBT SERVICE FUNDS, from which payments of principal and interest are made for monies the city borrows. 5

6 BUDGET FACTS The following city operations are self-supporting enterprises for which fees charged to users are intended to pay the full cost of operations: Water Resources (water, sewer, reclaimed water) Stormwater Sanitation Marina Airport Golf Courses Jamestown Complex Port Mahaffey Pier Coliseum Sunken Gardens Tropicana Field The following city operations are tracked separately in special funds: Emergency Medical Services Parking Building Permits Weeki Wachee In FY16, all city of St. Petersburg property taxes collected will be dedicated to Public Safety (Police and Fire Departments) and will cover 99.39% of the Police Department costs. Other city general revenues pay for: Fire Services Operation and maintenance of city libraries, senior centers, athletic and recreational facilities Mowing and maintenance of parks and rights-of-way Traffic signs, signal control and street lighting School crossing guard protection Maintenance of engineering records, maps, GIS, etc. Planning and zoning services Codes inspections and compliance Community/customer services Historic and environmental preservation Intergovernmental coordination Acquisition and management of city property Economic development and redevelopment coordination Support of community social, cultural and educational programs Subsidies for the Mahaffey Theater, Coliseum, Port, Sunken Gardens, Golf, Jamestown Complex and Airport Mayor and Council activities City administrative services, such as legal, procurement, human resources, budget, and finance Debt service 6

7 FY16 Operating Budget $ Million The FY16 Operating Budget is made up of the General Fund, Enterprise Funds (Water Resources, Sanitation, Stormwater, etc.) as well as Other Funds (debt service funds, special revenue funds and internal service funds). Sanitation, 8.97% Stormwater, 2.42% Other Operating Funds, 10.37% Water Resources, 23.33% General Fund & Reserves, 44.36% Non Operating, Special Revenue & Debt Funds, 10.55% Operating Millage History FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 The millage rate for FY16 is and is unchanged since FY13. The table provides a history of the millage rate from FY 2006 to FY

8 Fiscal Year 2016 Budget General Fund Expenses by Administration and Revenues General Government, 13.69% or $ M General Fund Expense By Administration $ Million The city s General Fund is categorized into six administrations. The single largest General Fund investment the city makes is in Public Safety (57%). Public Safety includes the Police and Fire Departments. The second largest General Fund investment is in the quality of life type programming provided by the Leisure Services Administration which includes the Parks & Recreation Department and Libraries. Neighborhood Affairs, 2.75% or $6.177M Public Works, 4.43% or $9.925M Leisure Services, % or $ M Public Safety, 57.33% or $ M City Development, 3.28% or $7.357M General Fund Revenues $ Million Interest/Misc, 0.97% or $2.172 M Fines & Forfeitures, 1.08% or $2.414M Charges for Services, 4.69% or $ M Intergovernmental, 12.56% or $ M G&A/PILOT, 10.41% or $ M Transfers, 0.77% or $1.737 M Other Taxes, 26.80% or $ M Ad Valorem Taxes, 42.72% or $ M The General Fund Revenues come from various sources as illustrated in the chart on the left. The largest single source of revenue is Ad Valorem (property taxes) at 42.73% followed by Other Taxes at 26.80%. Other taxes are made up of Electric Utility Tax, Electric Franchise Fee, and Communication Services Tax to name a few. 8

9 Where Does Your Tax Dollar Go? Your property tax bill contains more than just your city taxes. As illustrated above, just 27.35% of your total property tax bill goes to the City of St Petersburg. In addition to the city your taxes help to fund the Pinellas County School District, Pinellas County Government, EMS, the Juvenile Welfare Board and the Pinellas Suncoast Transit Authority to name a few. The city s Fiscal Policies state that 100% of the property tax revenue collected annually will be used to fund the Public Safety activities of the Police and Fire Departments. The graph below shows the comparison of Ad Valorem revenues to the Police and Fire Departments annual budgets. In FY16 Ad Valorem revenues will cover 98.63% of the Police Department budget. Ad Valorem Revenue vs. Public Safety Costs (000s Omitted) 140, , ,000 80,000 60,000 40,000 20,000 0 FY07 FY08 FY09 Police Operating Budget FY10 FY11 FY12 Fire Operating Budget FY13 FY14 FY15 FY16 Estimate Budget Ad Valorem Tax Revenue 9

10 RECOMMENDATIONS WHICH COULD AFFECT CITIZEN SERVICE OR FEES IN FY16 Property Values & Millage Rate Property values within the city will increase during Fiscal Year The FY16 Budget reflects an increase in property values of 8.56% (city-wide) which generates $7.313 million in additional ad valorem revenue as compared to FY15. Under the Truth in Millage Act, homesteaded property values can only appreciate in value by the lessor of the 3% or the CPI as calculated by the Florida Department of Revenue. For FY16, homesteaded properties values can only increase by 0.8%. The proposed millage rate for FY16 is which is equal to the millage rate in FY15. It should be pointed out that even though the proposed millage rate is the same as last year, your property tax bill may increase as a result of the increase in your property value. The Rolled Back Rate Under the Truth in Millage Act, the city is required to calculate and report the Rolled Back Rate. In short, the Rolled Back Rate is the millage rate that would generate the same level of ad valorem taxes in FY16 as the city received in FY15. Based on the property value appreciation within the city as of July 1, 2015, the rolled back rate for FY16 is If the FY16 Budget is adopted with a millage rate of , that will equate to a 5.51% increase over the Rolled Back Rate. Enterprise Funds Water Resources The FY16 budget includes a recommended increase of 3.75% for water, sewer and reclaimed water charges. On September 3, 2015 City Council will hold the first of two Public Hearings to adopt this year s rate increase. Additionally, the FY16 budget holds sanitation (garbage collection) and stormwater fees at FY15 levels. The sanitation fees have not been increased since 2009 while the stormwater fees have not increased since However, during FY15 the city initiated a curbside recycling program which will be funded by a $2.95 charge on the sanitation bill. Other Strategic Investments Economic Stability Fund An investment of $500,000 in our reserves is planned in FY16. This investment is included as a transfer to the Economic Stability Fund from the General Fund and will help to maintain strong reserves and our credit rating. This is the second year in a row that we have transferred resources to reserves to support the economic stability of our city. As our economy continues to rebound we will maintain a focus on this priority in keeping with our commitment to fiscal stewardship and responsibility. Salary Increases The Fiscal Year 2016 Budget will invest in our most important asset, the men and women who provide outstanding service to our residents. Resources are built into the budget to provide a 3% general wage increase. Additional resources in the amount of $704,676 are included in the Police Department budget to fund the FY16 agreement reached with the PBA. Our commitment to providing additional raises in subsequent fiscal years remains strong. 10

11 FY 2016 General Fund Expense by Category $ Million Capital Outlay/Social Services 2.13% or $4.766 M Transfers/Debt, 4.76% or $ M The single largest expense category of the General Fund is Personnel at 71.02% of the total. The personnel budget includes the wages and benefits of all 2,800 full time employees, as well as the nearly 800 parttime employees. Operating Expense, 22.09% or $ M Personnel, 71.02% or $ M Number of Budgeted Full Time Employees 2,974 2,986 2,911 2,860 2,801 2,745 2,733 2,693 2,679 2,681 2,698 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 11

12 A look at the FY16 Budget: GENERAL FUND Budget & Management $4,376,500 City Clerk 1,236,213 City Council 1,032,204 City Development Administration 993,303 Codes Compliance 3,265,799 Community Services 1,124,234 Downtown Enterprise Facilities 551,552 Engineering and Capital Improvements 1,102,091 Finance 10,456,526 Fire 31,681,378 Housing 426,053 Human Resources 3,034,970 Legal 2,802,031 Leisure Services Administration 309,672 Library 6,623,216 Marketing & Communications 2,907,672 Mayor's Office 2,916,901 Neighborhood Affairs 1,360,836 Office of the City Auditor 668,721 Parks & Recreation 34,607,736 Planning & Economic Development 4,343,084 Police 96,902,769 Procurement & Supply Management 1,283,057 Public Works Administration 5,479,028 Real Estate & Property Management 863,963 Stormwater, Pavement & Traffic Ops 3,344,354 Transportation & Parking Management 605,593 Total General Fund $224,299,456 ENTERPRISE FUNDS Water Resources $117,985,865 Water Cost Stabilization 1,317,000 Stormwater 12,241,462 Sanitation 45,360,561 Sanitation Equipment 3,775,000 Parking 6,342,526 Mahaffey Theater 3,811,542 Coliseum 797,893 Sunken Gardens 1,083,514 Tropicana Field 2,350,896 Airport 1,145,615 Marina 3,915,416 Golf Courses 3,722,513 Jamestown 578,161 Port 350,082 Total Enterprise Funds $204,778,046 SPECIAL REVENUE FUNDS/OPERATING Emergency Medical Services $12,798,165 Local Housing Assistance 350,000 Law Enforcement Fund 99,600 Grant Funds (CDBG, HOME, ESG, NSP) 3,097,526 Miscellaneous Trust Funds 1,000,000 Building Permit 4,677,428 Total Special Revenue Funds/Op. $22,022,719 INTERNAL SERVICE FUND RESERVES Billing & Collections 1,003,356 Municipal Office Buildings 197,011 Total Internal Service Fund Reserves $1,200,367 SPECIAL REVENUE/NON OPERATING Special Assessments $14,304 School Crossing Guard 300,000 Weeki Wachee 298,000 Arts in Public Places 35,000 Professional Sports Facility 2,000,004 Total Special Revenue Funds/Non Op. $2,647,308 DEBT SERVICE FUNDS JP Morgan Chase $3,244,565 First Florida Gov. Financing Comm. Notes 2,699,250 Bank of America Notes 195,259 BB&T Notes 774,922 Stadium Debt Service 16,924,490 Sports Facility Sales Tax Debt 429,742 Water Resources Debt 24,113,550 Sanitation Debt (Curbside Recycling) 1,274,024 Stormwater Debt 1,055,930 Total Debt Service Funds $50,711,732 TOTAL BUDGET $505,659,628 12

13 Budget Continued The following allocations are included in the above appropriations: NON- DEPARTMENTAL Community Support: Social Services $487,800 Pinellas Hope/Emergency Beds 100,000 Dr. Carter G. Woodson 32,000 Write Field 30,000 Homeless Services 179,435 St. Vincent DePaul 120,565 Turning Point 125,000 Arts 250,000 St. Petersburg Festival 35,000 First Night 25,000 MLK Event 35,000 Museum of History 12,000 MLK Free Speech Event 17,000 Blue Ocean Film Festival 25,000 Early Childhood Development Program 50,000 Florida Orchestra 38,000 Main Streets 176,000 Economic Development 1,026,950 Mayor s Mini Grants 15,000 Mayor s Matching Grant Program 15,000 Walter Fuller 310,000 Events Administration 50,000 Looper Trolley 20,000 Reads to Me 50,000 Workforce Readiness 35,000 After School Work Program 125,000 Summer Youth Intern 300,000 Total Community Support $3,684,750 TOTAL NON-DEPARTMENTAL $14,367,169 DEPENDENT DISTRICTS Health Facilities Authority $14,000 Downtown Redevelopment District 4,111,147 Total Dependent District $4,125,147 INTERNAL SERVICE ALLOCATIONS Fleet Management $16,069,685 Equipment Replacement 6,918,227 Municipal Office Buildings 2,855,809 Technology Services 10,692,266 Technology and Infrastructure 1,744,478 Supply Management 491,425 Health Insurance 46,116,760 Life Insurance 790,711 Self Insurance 3,472,424 Commercial Insurance 5,143,673 Workers Compensation 11,159,132 Billing & Collections 7,266,230 Total Internal Service $112,720,820 Subsidies: Mahaffey Theater $439,587 Coliseum 253,500 Sunken Gardens 170,000 Tropicana Field 1,400,000 Jamestown 64,500 Port 222,500 Total Subsidies $2,550,087 Transfers: Economic Stability $500,000 Downtown TIF 6,473,439 South St. Pete TIF 285,773 Bayboro TIF 45,666 Intown West TIF 458,454 Total Transfers $7,763,332 Contingency $369,000 13

14 CAPITAL IMPROVEMENT PROGRAM The annual Capital Improvement Program (CIP) budget is approved by City Council at the same time the Operating Budget is approved. The FY16 CIP includes a total of $ million in capital projects. Water Resources Projects account for $ million or 70% while Penny for Pinellas projects account for $ million or 22% of the total. Penny for Pinellas, Water Resources, Penny & Other for CIP Pinellas, Funds Water Resources 70% Other 8% Penny Funds 22% Airport, Marina, Golf Course, Port, Parking & Tropicana 1% Break Down of Other CIP Funds Stormwater 2% Trans Impact Fees, Bicycle & Weeki Wachee 4% Housing & General CIP 1% CIP FUNDS FY16 BUDGET (000s Omitted) Public Safety $5,281 Stormwater $2,550 Neighborhood & Citywide $13,332 Airport $821 Recreation & Culture $6,265 Marina $165 City Facilities $3,390 Golf $0 Housing $200 Port $0 General CIP $940 Bicycle/Pedestrian $2,782 Tropicana Field $0 Weeki Wachee $0 Downtown Parking $782 Transportation $2,450 Water Resources $89,506 Grand Total $128,464 The total FY16 budget for all funds is $ million. The five year CIP totals $ million. Water Resources and Penny Funds comprise 92% of FY16 funding. FY16 Penny funded projects are planned at $ million. 140,000 CAPITAL IMPROVEMENTS PROGRAM 5 YEAR PLAN $ M (000s omitted) 120,000 $10, ,000 80,000 60,000 40,000 20,000 0 $89,506 $14,228 $32,694 $9,131 $7,455 $25,850 $26,617 $28,268 $21,948 $21,127 $19,212 $4,142 $29,112 $7,279 *FY16 FY17 FY18 FY19 FY20 Penny Funds * Water Resources Other Funds *The Biosolids to Energy project is scheduled to begin construction in FY16 in the Water Resources Fund. Most of the project is expected to be funded with a low interest State Revolving Fund Loan issued by the Florida Department of Environmental Protection. 14

15 FY16 Capital Improvement Program (CIP): HOUSING CIP Legal Collection $50,000 Construction Warranty 50,000 Housing Initiatives, South St Pete CRA 100,000 Total Housing $200,000 GENERAL CIP Intown Streetscape Improvements $200,000 MOB Repairs & Improvements 740,000 Total General Capital $940,000 BICYCLE/PEDESTRIAN SAFETY GRANTS Bicycle Fac. 30 th Ave N: Dr. MLK Jr.to 58 Th St $2,734,000 Sexton Elementary Sidewalk 48,000 Total Bicycle/Pedestrian Safety Grants $2,782,000 PUBLIC SAFETY CIP Take Home Cruisers (PD) $760,000 Fire Engine 13 Replacement 372,000 Fire Ladder Truck 11 Replacement 569,000 Fossil Park Fire Station 7 Replacement 3,580,000 Total Public Safety $5,281,000 NEIGHBORHOOD & CITYWIDE INFRASTRUCTURE CIP Special Assessments Admin. $100,000 Neighborhood Partnership Grants 175,000 Neighborhood Enhancements 175,000 Street & Road Improvements 4,500,000 Curb Replacement/Ramps 500,000 Sidewalk Reconstruction 600,000 Roser Park Street Improvements 450,000 Alley Reconstruction - Unpaved 300,000 Lighted LED Street Signs 115,000 Roadway Rideability Improvements 247,000 Bicycle Pedestrian Facilities 100,000 Comp Streetscaping/Greenscaping 250,000 Skyway Marina District Lighting 600,000 Intersection Modification 50,000 Neighborhood Transportation Mgmt. 100,000 Sidewalks Neighborhood & ADA ramps 70,000 Sidewalks (County Interlocal) 1,700,000 Wayfaring Signage 150,000 Bridge Reconstruction/Load Testing 250,000 Emergency Dredging Small Boat Channel 50,000 SW Imps. 4 th ST & 14 th A/N to Cres. Lk. SDI 700,000 SW Imps. 8 th A/S at 44 th S/S 750,000 Drainage Line Rehab 700,000 Stormwater Vaults 300,000 Seawall Renovation & Replacement 400,000 Total Neighborhood & Citywide $13,332,000 RECREATION & CULTURE CIP Frank Pierce Center Renovations $500,000 Mirror Lake Complex Upgrades 150,000 Recreation Center Improvements 175,000 Sunshine Center Improvements 50,000 Swimming Pool Improvements 300,000 Athletic Complex Restrooms/Concession 415,000 Athletic Facilities Improvements 200,000 Dugout Improvements 60,000 Indian Mounds Restorations 750,000 Lake Maggiore/Boyd Hill Park 500,000 Boyd Hill Boardwalk 100,000 Park Facilities Improvements 250,000 Parking Lot Improvements 125,000 Parks Lighting Improvements 125,000 Play Equipment Replacement 250,000 Playlot Improvements 130,000 Restoration to Parks Fountains/Statues 100,000 Sunken Gardens Park Improvements 160,000 Main Library Parking Lot Improvements 450,000 Library Radio Frequency ID System 325,000 Library Improvements 200,000 Mahaffey Theater Improvements 400,000 Mahaffey Theater Banquet Facility 350,000 Coliseum Improvements 200,000 Total Recreation & Culture $6,265,000 CITY FACILITIES CIP Dwight Jones Neigh. Center Imp. $55,000 Fire Station Major Improvements 100,000 Jamestown (County Interlocal) 2,000,000 City Facilities Roof Waterproofing 200,000 City Facility HVAC Replace/Upgrade 150,000 Fire Station #4 HVAC 185,000 Leisure Services Complex HVAC 400,000 Infrastructure to be Determined 200,000 Airport Southwest Hangar Redevelopment 50,000 Environmental Cleanup Projects 50,000 Total City Facilities $3,390,000 TRANSPORTATION IMPACT FEES 28 th Street Trail- GATISAF $500,000 City Trails - Bicycle Trails 500,000 Complete Streets 450,000 Downtown Intersections & Ped. Fac. 250,000 Traffic Signal Mast Arm Program 300,000 Sidewalks 200,000 Traffic Safety Program 250,000 Total Transportation Impact Fees $2,450,000 15

16 Capital Improvement Program continued... DOWNTOWN PARKING CIP Sundial Garage Elevator Upgrades $132,000 Sundial Garage Lighting Improvements 100,000 Sundial Garage Technology Upgrades 100,000 South Core Garage Tech Upgrades 250,000 New Meter Technology 200,000 Total Downtown Parking Capital $782,000 WATER RESOURCES CIP Water Treatment/Supply $213,000 Water Distribution System Improvements 7,389,000 Sanitary Sewer Collection System 8,361,000 Lift Station Improvements 4,250,000 Wastewater Treatment 68,664,000 Reclaimed Water System Imp 125,000 Water Resources Building Imp. 85,000 Transfer to Arts in Public Places 319,000 Computer Hardware/Software Replacement 100,000 Total Water Resources $89,506,000 AIRPORT CIP Airport Southwest Hangar Redevelopment $700,000 Taxiway C Rehab 121,000 Total Airport $821,000 MARINA CIP Marina Facility Improvements $165,000 Marina Total $165,000 TOTAL CIP FUNDS $128,464,000 STORMWATER DRAINAGE CIP 8 th Avenue South at 44 th Street South $500,000 4 th Street & 14 th A/N to Crescent Lake 800,000 Stromwater Vaults 200,000 Minor Storm Drainage 250,000 Drainage Line Rehab Repl. 800,000 Total Stormwater Drainage $2,550,000 16

17 PROPERTY TAXES MILLAGE RATE The property tax rate is expressed in mills and is also called an ad valorem tax because it is based on value. A MILL is $1 for every $1,000 of taxable property value (your assessed value minus any exemptions). The operating millage cannot exceed 10 mills. The city s FY15 operating millage was mills. The proposed millage for FY16 is mills. AD VALOREM TAXES The certified value for all taxable property assessed on July 1, 2015 is $ billion, an increase of 8.56% over last year s final taxable value. The budget is prepared based on 96% of the taxable value to allow for Tax Collector fees, under collection and changes by the Value Adjustment Board. For the FY16 budget, this taxable value is projected to generate $ million for each mill levied by the city. EXEMPTIONS The Florida Constitution provides for a homestead exemption benefit of $50,000 from a property s assessed value for Florida residents living in a dwelling and making it their permanent home on January 1 st of each year. Cities and counties also have been authorized by state legislation to approve an additional Homestead Exemption under the Save Our Seniors Amendment. In October 2000, City Council approved an Ordinance authorizing an additional $15,000 exemption. The Property Appraiser is responsible for processing and verifying applications. To qualify, a household must have at least one member age 65 or older and have a combined income of $21,599 per year or less. When property owners appeal their appraised value to the Value Adjustment Board, it can reduce the city s total taxable value. The final taxable value for FY16 will be received from the Property Appraiser s office after the beginning of Fiscal Year USES All property taxes resulting from the city s operating millage will cover approximately 99.39% of the cost of police services in FY16. Remaining general government services will be paid from other general revenue of the city. Your property tax bill contains more than just your city taxes. You also pay property taxes to the Pinellas County Board of County Commissioners, the School Board, the Southwest Florida Water Management District, the Pinellas Planning Council, the Juvenile Welfare Board and the Pinellas Suncoast Transit Authority. Generally, your city taxes will make up approximately 30% of your total property tax bill. Even when the city s tax rate r e m a i n s c o n s t a n t o r is reduced, you may pay more taxes if your property value increases or other taxing authorities raise their rates. 17

18 CITY OF ST. PETERSBURG PROGRAM BUDGET FY 2016 BUDGET PREPARATION CALENDAR February 6, 2015 April 29, 2015 Operating Budget Kickoff at City Water Resources Building Mayor s Budget Listening Tour at J.W. Cate Recreation Center Budget Staff Departments City Council Mayor Budget Staff April 30, 2015 CIP Budget Workshop with Council (City Hall) City Council Mayor Budget Staff Administrators May 14, 2015 Operating Budget Workshop with Council City Council Mayor Budget Staff Administrators May 20, 2015 Mayor s Budget Listening Tour at Enoch Davis Center City Council Mayor Budget Staff June 1, 2015 Estimate due from Property Appraiser County Property Appraiser June 16, 2015 Mayor s Budget Listening Tour at Willis S. Johns Recreation Center City Council Mayor Budget Staff July 1, 2015 Receive Certified Taxable Values County Property Appraiser July 7, 2015 Mayor s Recommended Budget issued Mayor Council July 23, 2015 September 3, 2015 September 17, 2015 Set proposed millage rate for TRIM notice, date, time, and place of public hearings, and reaffirm fiscal policies First Public Hearing Adopt tentative budget and proposed millage rate Second Public Hearing - Adopt final budget and millage rate. Approve the capital improvement program Budget Staff City Council Mayor City Council Mayor City Council Mayor 18