Proposed Proposed FY2017 FY2017 BUDGET BUDGET Christopher Martino Christopher E. Martino Acting County Executive Acting County Executive February 16, 2016 February 16, 2016 Proposed FY2017 Budget – February 16, 2016 1
Strategic Vision Statement Prince William County is a community of choice with a strong, diverse economic base, where individuals and families choose to live and work and businesses choose to locate. Proposed FY2017 Budget – February 16, 2016 2
Planning the Community of Choice Principles of Sound Financial Management Decision to Invest in Strategic Plan Capital Infrastructure Projects Policy Decision to Fund Core Comprehensive Plan Services Future Report Adopt Tax Policy Board Adopted Policy Guidance Proposed FY2017 Budget – February 16, 2016 3
Steady & Sustained Growth AAA Over the Past Six Years: $3 billion in private capital $98K+ median 14,000 new jobs investment household income Aaa 17% increase in at-place 3.6% unemployment rate employment Continued residential Real estate value ~$53 billion AAA appreciation Proposed FY2017 Budget – February 16, 2016 4
Strategic Planning & Budgeting Healthy Workforce of Robust Regional Safe & Secure Individuals & the Future Economy Connectivity Community Families Strategic Investments Support Desired Community Outcomes Public Community General Human Education Safety Development Government Services Proposed FY2017 Budget – February 16, 2016 5
FY2017 Budget Summary Proposed FY2017 Budget – February 16, 2016 6
Fiscal Plan Based on BOCS Guidance Revenues Maintain tax policy @3.88% average tax bill growth Maintain County-Schools revenue sharing agreement Use FY15 savings of $24.3M in FY17 budget Services Address fire service gaps and needs Provide $6M for ongoing transit support Make progress on strategic priorities Plus additional $8M ongoing capacity annually VRS and salary savings & fire levy support Proposed FY2017 Budget – February 16, 2016 7
Historical Residential Appreciation 30% 27.20% 25% 20% 17.47% 15% 13.13% 10% 6.18% 3.00% 5% 0.10% 0% -1.79% -5% -10% Actual Residential Appreciation -15% FY17-21 Forecast -20% Average Residential Real Estate Appreciation -25% 4.5% CPI (Balt/Wash metro area) -30% -29.80% -35% CY84, FY86 CY85, FY87 CY86, FY88 CY87, FY89 CY88, FY90 CY89, FY91 CY90, FY92 CY91, FY93 CY92, FY94 CY93, FY95 CY94, FY96 CY95, FY97 CY96, FY98 CY97, FY99 CY98, FY00 CY99, FY01 CY00, FY02 CY01, FY03 CY02, FY04 CY03, FY05 CY04, FY06 CY05, FY07 CY06, FY08 CY07, FY09 CY08, FY10 CY09, FY11 CY10, FY12 CY11, FY13 CY12, FY14 CY13, FY15 CY14, FY16 CY15, FY17 CY16, FY18 CY17, FY19 CY18, FY20 CY19, FY21 CY of Value, FY of Revenue Proposed FY2017 Budget – February 16, 2016 8
FY 2017 - FY 2021 Revenue Forecast BOCS Guidance: 3.88% Average Tax Bill Increase Real Estate Tax Rate: $1.122 $1.145 $1.166 $1.176 $1.186 $1.196 % to Total FY 16 ($ in 000s) (FY 17) Revised FY 17 FY 18 FY 19 FY 20 FY 21 Real Estate Taxes 66.14% $588,357 $621,237 $651,856 $682,806 $715,567 $749,831 Personal Property Taxes 17.70% 162,200 166,280 172,450 179,630 187,010 194,590 Sales Tax 6.61% 60,280 62,088 63,953 65,871 67,846 69,882 Consumer Utility Tax 1.52% 13,940 14,240 14,460 14,740 15,040 15,340 Communications Sales Tax 1.86% 17,700 17,430 17,260 17,260 17,260 17,260 BPOL Tax 2.77% 25,286 26,051 26,839 27,785 28,904 30,268 Investment Income 0.78% 6,342 7,297 8,489 9,483 10,594 12,109 All Other 2.62% 24,238 24,629 24,816 25,387 25,973 26,566 Total General Revenue 100.00% $898,343 $939,252 $980,123 $1,022,962 $1,068,194 $1,115,846 School Portion $510,001 $533,333 $556,638 $581,069 $606,869 $634,049 County Portion 383,002 400,469 417,925 436,223 455,545 475,897 Transportation Fund 5,340 5,450 5,560 5,670 5,780 5,900 Total General Revenue $898,343 $939,252 $980,123 $1,022,962 $1,068,194 $1,115,846 Proposed FY2017 Budget – February 16, 2016 9
FY2017 Budget at a Glance $145 increase Commercial ($12.09/month) Tax Bill (Avg.) +3.88% +3.58% Residential Tax Bill * (Avg.) FY16 FY17 ADOPTED PROPOSED $ CHANGE % CHANGE County Government $519,916,987 $549,160,506 $29,243,519 5.62% Transfer to Schools $506,976,013 $533,333,034 $26,357,021 5.20% Total General Fund $1,026,893,000 $1,082,493,540 $55,600,540 5.41% Investment of FY2015 Savings $0 $24,293,755 $24,293,755 -- * Each penny on the tax rate is $5.4M - $3.1M to Schools; $2.3M to County Proposed FY2017 Budget – February 16, 2016 10
FY2017 Use of One-Time Resources Resources FY15 Savings $24.3M Budget scrub 4.5M Total one-time resources $28.8M Uses Economic Development Opportunity Fund $3.0M One-time operational expenses $2.2M Capital Improvements $23.6M Total one-time expenditures $28.8M Proposed FY2017 Budget – February 16, 2016 11
FY2017 Budget Initiatives Proposed FY2017 Budget – February 16, 2016 12
Public Safety - Must Do & Five-Y ear Plan Contractual Increases $133K Previously Approved BOCS Initiatives Police staffing plan $4.6M Colgan High School Resource Officer, Body Worn Cameras support, Patrol and Specialty Officers Fire Staffing Plan $3.4M Station 26, 24-hour engine, Evergreen & Buckhall 24-hour tankers, dispatch supervision, health & safety Proposed FY2017 Budget – February 16, 2016 13
Public Safety - Must Do & Five-Y ear Plan Previously Approved BOCS Initiatives Courthouse, Central District Station $551K Administrative, facility, custodial and maintenance services Public Safety Resiliency program $157K Expand services to sworn police officers Add new Public Safety vehicles to replacement cycle $137K Existing fire career coverage $3.9M Proposed FY2017 Budget – February 16, 2016 14
Public Safety - One-Time and New Initiatives One-Time Items Public Safety Training Center water tower $500K New Initiatives Coles 24-hour rescue truck staffing $2.4M * Address pretrial supervision caseload $92K Four new supervisors for E-911 call center $360K Add Humane Society community partner $94K * - funded by Fire Levy Proposed FY2017 Budget – February 16, 2016 15
Human Services - Must Do & One-Time Previously approved BOCS initiatives Colgan high school New Horizons therapist $86K Meet state mandate Increasing adult guardianship caseload $42K One-Time Juvenile Detention Center facility needs assessment $200K Proposed FY2017 Budget – February 16, 2016 16
Human Services - New Initiatives Add four Case Managers for services to Intellectually Disabled residents $-0- Fully supported by state/federal revenue Add four Mental Health therapists $472K Address 105-person waiting list During FY16 BOCS accepted $2.2M in new state funding and added 19.5 FTE in Community Services and Social Services Proposed FY2017 Budget – February 16, 2016 17
Community Development - Must Do & One-Time Contractual increases $1M Previously approved BOCS initiatives Parks/schools fields maintenance $848K Add capacity to address neighborhood traffic safety concerns $68K One-Time Items Economic Development Opportunity Fund $3M Innovation Park studies for targeted industries and workforce development $125K Proposed FY2017 Budget – February 16, 2016 18
General Government - Must-Do & One-Time Contractual increases $718K Election ballots $35K Voting equipment annual licenses $28K One-Time Items 2016 Presidential Election $748K Commercial appraisal study $200K Windows 7 upgrade $130K Voter education guide $62K Electoral Board request Cash handling areas security cameras $40K Proposed FY2017 Budget – February 16, 2016 19
General Government - New Initiatives Respond to Audit Findings Add facility security controls $132K Add budget capacity, redundancy $100K Add technology capacity, redundancy $67K Update personnel policies, reduce recruitment/classification backlogs $182K Automated agenda process $35K Proposed FY2017 Budget – February 16, 2016 20
E mployee Compensation Salaries 3% Pay for Performance $5.9M Maintain 0.5% 401A contribution Benefits VRS employer rate reduction ($4M) Employee health insurance increase $1.9M Net VRS 1% Offset cost (final year) $1.3M Retiree health credit $82K Proposed FY2017 Budget – February 16, 2016 21
FY2017 Average Residential Tax Bill - $3,877 BY DOLLAR AMOUNT WITH FUNCTIONAL AREA General Remaining Debt/CIP Capacity $171 – 4.41% $4 – 10% Human Other Services $42 – 1.08% $184 – 4.74% Public Community General Schools Safety Development Government $2,219 – 57.23% $794 – 20.47% $312 – 8.06% $151 – 3.90% Proposed FY2017 Budget – February 16, 2016 22
FY2017 Capital Improvement Program Proposed FY2017 Budget – February 16, 2016 23
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