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Treasurer lays out FY2027 revenue projections; staff to use figures in budget drafting
Summary
Treasurer Deste J. Cox presented FY2027 revenue modeling that assumes a conservative 20% reassessment increase and projects shifts across real estate, personal property, machinery & tools, meals tax and landfill fees; staff will use the figures to prepare the FY27 proposed operating budget.
Treasurer Deste J. Cox presented updated revenue projections to guide the FY2027 Proposed County Operating Budget, saying staff modeled a conservative 20% overall increase in assessed real estate value and used a $.46 tax rate for planning. "For the purpose of the FY27 Budget, a conservative 20% increase in overall real estate value has been included, using a tax rate of $.46," she said, adding that scenario would yield an additional $255,774 in revenue and make $.01 in tax rate equivalent to about $155,000.
Cox reviewed several other categories: Personal property assessments for motor vehicles are projected to increase 8.6%, producing a modeled increase of $419,000 and a budgeted FY27 total of $5,243,400; Machinery & Tools assessments are projected to decline about 27%, reducing revenue by $505,250; the county's first full year under the Meals Tax ordinance is averaging about $41,000 per month with FY27 Meals Tax revenue estimated at $502,000; and landfill host fee revenue is projected at $5,600,000 (a 5.5% decrease from FY26 budgeted). Cox said these spreadsheets (with and without reassessment adjustments) will be used by staff to complete the FY27 proposed budget. No board action was requested during the presentation.
