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Monroe County panel hears FSG warning: Senate Bill 1 could cut millions from county revenue; hiring chill, overtime limits discussed
Summary
FSG consultants told Monroe CountyLong Term Finance Planning Committee that the current version of Senate Bill 1 could reduce county property-tax revenue by an estimated $1.4 million in 2026 and rise in later years; committee members flagged merit-deputy pay requests and discussed temporary spending limits until the legislature finishes action.
Monroe CountyLong Term Finance Planning Committee members were told on Feb. 21 that Senate Bill 1, as currently drafted, could sharply reduce county property-tax revenue and force near-term spending restraints.
Charlie, a consultant from FSG, told the committee the bill would set the 2026 growth quotient at 0%, then 1% in 2027 and 2% in 2028, and that the countycould lose roughly $1.4 million in property-tax growth in 2026 under the current draft. "The current version is much better than the original version, but it's still a big negative impact to the county," Charlie said. Greg Garitas, also of FSG, added that the bill's other provisions (changes to assessment rules and homeowner deductions) could increase the impact.
The projection in the committee packet shows a county general-fund levy that rose from $17 million to $21 million in the baseline assumptions; FSG said…
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