Nov. 4, 2015 FLEDCommittee Presentation: CFD No. 2016-1
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Transcript of Nov. 4, 2015 FLEDCommittee Presentation: CFD No. 2016-1
Goal: Identify a stabile revenue stream to mitigate new development impacts to services
Great Recession City saw reductions of revenues of 20% in Sales Tax & 13% in Property Tax.
While Total Expenditures went down 26%, Public Safety increased by 2%.
CFD No. 2016-1 (Public Services)
City is currently 92% developed. Nearly 13,400 more residents to the City at build-out. A Public Services CFD tax will provide a maximum tax
that will allow the City to maintain a preferred level of public services.
Many Cities have Public Services CFDs or are looking at establishing their own.
CFD No. 2016-1 (Public Services)
General Fund Expenditures
General Government - 14%, $15,553,609
Community Develop-ment- 3%, $3,206,003
Public Works/En-gineering -10%, $10,414,341
Community Services - 4%, $4,667,499
Animal Control Ser-vices - 1%, $1,116,866
Police Services - 43%, $46,712,793
Fire Services - 25% $27,355,300
$- $0.10 $0.20 $0.30 $0.40 $0.50 $0.60 $0.70 $0.80 $0.90 $1.00
$0.12 $0.10 $0.19
$0.59 SchoolsCountySpecial DistrictsCities
Ad Valorem Property Tax Distribution
Every $100 of Assessed Property Value
CFD No. 2016-1 (Public Services) Tax Rate
SFR MFR $- $200 $400 $600 $800
$1,000 $1,200 $1,400 $1,600 $1,800
$478 $332
$632
$439
$106
$74
$516
$359 CFD TaxFranchise, Fees & MiscSales and Use TaxProperty Taxes
Next Steps The first project will establish the CFD for public
services. New residential development will be included into CFD
No. 2016-1 to mitigate their impacts on public services. As each construction project comes forward they will be
annexed into the CFD and taxed as they become developed.
The CFD will be levied for as long as services are being provided.
CFD No. 2016-1 (Public Services)