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07/13/2022
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07/13/2022
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Last modified
10/28/2022 12:48:45 PM
Creation date
10/28/2022 10:35:32 AM
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Meetings
Meeting Type
BCC Regular Meeting
Document Type
Agenda Packet
Meeting Date
07/13/2022
Meeting Body
Board of County Commissioners
Subject
2022/2023 Budget Workshop Meeting
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FY 2022/23 Budget Highlights <br />The total proposed budget is $451,964,531, a decrease of $90,319,319 or 16.7% from the current year. It <br />should be noted that this is an increase of $23,911,619 or 5.6% from the beginning budget of $428,052,912 <br />for the current year. However, this is still 4.3% below the approved FY 2006/07 amount of $472,420,328. <br />A detailed all - fund expense summary is contained in the exhibits following this message (pages 16 and <br />17). <br />The following chart illustrates the 10 -year trend in the County tax roll. The FY 2022/23 taxroll is <br />approximately $2.78 billion or 13.5% higher than the previous fiscal year. Although the current change in <br />taxable values is positive, there is some uncertainty regarding future years' taxroll growth as inflation, <br />labor shortages and supply chain issues continue to plague the current economy. <br />Indian River County Countywide Taxable Value <br />(In Billions) <br />FY 14 - FY 23 <br />$25.0 <br />$20.0 <br />$15.0 $12.9 $13.4 $14.3 <br />$23.4 <br />$17.4 $.2 18.6 <br />$19.6 $20.6 <br />$15.2 $16.2 <br />FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 <br />Highlights of the FY2022123 Budget: <br />• Tax roll Increase —13.5% countywide; 14.4% unincorporated area. <br />• Sheriff Funding — Recommended $7.25 million increase as agreed by Sheriff (reduction from <br />initial request of $10.9 million increase) Continued funding of School Resource Officers at <br />50%/50% split with School District <br />• Retirement Rate Increase - $2,365,540 Countywide including Constitutional Officers <br />• Continued focus on deferred maintenance, capital and renewal & replacement. Total <br />countywide expense - $9.7 million <br />• Full-time Position changes - BCC reflects a net increase of 12 full-time positions; addition of <br />29.75 FT Constitutional Officers; 41.75 total increase in FT positions. <br />The proposed budget includes funding for salary increases for County employees due to increases in the <br />cost of living and the need to remain competitive to recruit and retain qualified workers to provide a high <br />•level of service to County residents. Staff continues to negotiate with both the International Association of <br />Fire Fighters (IAFF) and Teamsters Unions regarding union contracts. <br />5 <br />$10.0 <br />• <br />$5.0 <br />$0.0 <br />$23.4 <br />$17.4 $.2 18.6 <br />$19.6 $20.6 <br />$15.2 $16.2 <br />FY 14 FY 15 FY 16 FY 17 FY 18 FY 19 FY 20 FY 21 FY 22 FY 23 <br />Highlights of the FY2022123 Budget: <br />• Tax roll Increase —13.5% countywide; 14.4% unincorporated area. <br />• Sheriff Funding — Recommended $7.25 million increase as agreed by Sheriff (reduction from <br />initial request of $10.9 million increase) Continued funding of School Resource Officers at <br />50%/50% split with School District <br />• Retirement Rate Increase - $2,365,540 Countywide including Constitutional Officers <br />• Continued focus on deferred maintenance, capital and renewal & replacement. Total <br />countywide expense - $9.7 million <br />• Full-time Position changes - BCC reflects a net increase of 12 full-time positions; addition of <br />29.75 FT Constitutional Officers; 41.75 total increase in FT positions. <br />The proposed budget includes funding for salary increases for County employees due to increases in the <br />cost of living and the need to remain competitive to recruit and retain qualified workers to provide a high <br />•level of service to County residents. Staff continues to negotiate with both the International Association of <br />Fire Fighters (IAFF) and Teamsters Unions regarding union contracts. <br />5 <br />
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