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HomeMy WebLinkAboutJanuary 15, 2025 Council Workshop Minutes COMMON COUNCIL OF THE CITY OF JEFFERSONVILLE, INDIANA January 15, 2025 Council Workshop Meeting Minutes The Common Council of the City of Jeffersonville, Indiana met for the Council Workshop on January 15, 2025. Council President Stoner along with City Attorney Les Merkley called the meeting to order at 4:30 p.m.The meeting was open to the public in person and Zoom was utilized for remote participation. INVOCATION: Council Vice President Burns led the invocation. PLEDGE OF ALLEGIANCE: ROLL CALL: The roll call was conducted by City Attorney Merkley and present in Council Chambers were Councilperson White, Council Vice President Burns,Councilperson Anderson, Council President Stoner, Councilperson Reed, Councilperson Webb, Councilperson Hawkins, and Councilperson Snelling. Councilperson Semones was participated remotely by use of Zoom. Let the record reflect that 8 Council Members were present in Council Chambers and 1 participated remotely. Heaven Williams, Council Youth Advisor was present for the proceedings. NEW BUSINESS: 1. Evan Stoner—Fire Territory Update and Discussion Council President Stoner thanked everyone for coming for the discussion. Councilperson White advised this was to further discuss the Fire Territory. Susan Cowen from Baker Tilly was present on the Zoom meeting and shared a report with the Council (see attached). This report has been updated with everything that has been approved for the 2025 Budget for both Utica and the City of Jeffersonville. Today's discussion will be primarily on looking at the circuit breaker impact and what that will be. Right now the estimation is that the levy growth will be 4%over the next three years(each year), however that could change based on legislation that could be approved. The net assessed value amounts will go up from 2026-2028 but they had to get through budget order information and that is still forthcoming. The information presented is a maximum; if net assessed values go up the tax rates discussed today will be lower than estimated. Ms. Cowen went over the circuit breaker and noted that it impacts not only the City of Jeffersonville and Town of Utica but also the County,Schools, Libraries,and any other units that overlap in districts. The circuit breaker effects how much money would be collected to support the Fire Territory. To move ahead the City would need to do a phase in (unequal) budget increase instead of a planned budget increase. With a Fire Territory you are allowed in the first year to levy for a cash reserve and they have calculated that amount at 20%cash reserves. One party involved has to agree to operate as the provider unit; in this case the provider unit will be the City of Jeffersonville. Jeffersonville would continue to receive the property tax for the Fire Territory because the Fire Territory cannot operate as a separate, standalone unit. It is a sub department of an existing unit. Jeffersonville City Council would be responsible for approving the budget for the Fire Territory moving forward. Ms. Cowen went over what was currently being levied for the fire services(pg. 2). Jeffersonville does not currently have a separate levy for Fire, it is supported by the General Fund. Page 4 of the document explains how they arrived at the calculation of how much Jeffersonville's current levy is being used for Fire. Page 3 overviewed the Debt Service levy. That will stay specifically with the current properties and the current net assessed value for the Fire District. This debt will not be moved to the Fire Territory. The last pages of the document attempt to show what the change in the tax bill would be based on the increases that were calculated. Council President Stoner asked how it was determined for 38 employees in the EMS Department and Ms. Cowen said that was determined by the Fire Department. Councilperson Reed said she feels this is a great opportunity to do good for the community as well as have a balance budget and support the Fire Department. She would like to know how many homes in 9& 10 are under the assessed value and would therefor see the increase and also have a map for 9& 10. Councilperson Webb asked if there is any effect on the businesses in River Ridge. Ms.Cowen advised the effect to them came in the Incremental Tiff as part of the net assessed value. Mr. Merkley advised currently the only money the City gets out of River Ridge is the income tax and not property tax. Chief Grant advised at the next public meeting they would be providing full presentation with a breakdown of all of the expenditures and information about trucks and personnel. Councilperson Webb asked if the EMS employees would be on the Fire Contract and Chief Grant advised they would be hired as Civilian employees. Council President Stoner said they needed to confirm the times for the Public Hearings and Adoption. The dates are: Thursday February 6, 2025 Tuesday February 11, 2025 Thursday February 20, 2025 Thursday March 13, 2025 Ms. Cowen advised the presentation normally would last between 45 minutes to 1.5 hours but there is no way to determine how long questions will last. The same information will be provided at each public hearing. The Council discussed setting rules for the meeting and determining seating for the Fire Board members during the meeting and to have the meeting in the City Council Chambers. Ms. Cowen advised both legislative bodies will need to have minutes of the public meetings to submit to the DLGF to show who was there from each body along with sign in sheets for those who make comments. After discussion Council Vice President Burns made a motion to set a 4 minute time limit for comments, seconded by Councilperson Snelling; motion passed,8-0. Council Vice President Burns made a motion to host the meeting in Council Chambers, seconded by Councilperson Snelling; motion passed, 8-0. Council discussion determined the following times for the meetings: Thursday February 6, 2025—4:00 PM Tuesday February 11, 2025—5:00 PM Thursday February 20, 2025—4:00 PM Thursday March 13, 2025-4:00 PM Councilperson Snelling made a motion adopt the times discussed, seconded by Council Vice President Burns; motion passed, 8-0. ATTORNEY COMMENTS: Larry Wilder— No comment. Les Merkley— No Comment DEPARTMENT HEADS: PUBLIC COMMENTS: COUNCIL COMMENTS: • Councilperson White— No comment • Councilperson Burns— No comment • Councilperson Semones— Not present • Councilperson Anderson— No comment • Councilperson Reed—She looks forward to getting the maps as well as the number of home that will be affected by any increase in Jeffersonville. • Councilperson Webb—He has liked what was presented and thanked everyone for the work that went into this. • Councilperson Hawkins—He wanted to make sure it was clear businesses in Tiff Districts to pay taxes, they just don't come to the City. He will also be asking at the next meeting how Tax Abatements will work into this scenario. • Councilperson Snelling—Thanks to everyone who worked on this. • Councilperson Stoner—Please email any questions that you may come up with. He will email the Council about City Council apparel to get the ball rolling on that again. ADJOURNMENT: Councilperson Hawkins made the motion to ADJOURN the meeting at 6:32 p.m. DISCLAIMER: These minutes are a summary of actions taken at the Jeffersonville City Council meetings. The full video archive of the meeting is available for viewing at www.cityofjeff.net for as long as this media is supported. APP VED BY: Evan Stoner, Council President ATTEST: Lisa Gill, Clerk ,.., . _ , ,„,,,,, . - 4 fir" et, ---•--. , „._ :,) DRAFT i L -14., it tI ,� 4 todi 4. _ il PRELIMINARY FINANak li CIAL IMPACT ANALYSISjai itti The Proposed City of Jeffersonville and CCbakertillyUtica FireDistrict Fire Township .� Protection Territory { (Clark County, Indiana) January 15, 2025 i5' 4 j { -iEs4n r FIRE TERRITORY FINANCIAL IMPACT ANALYSIS TABLE OF CONTENTS SCHEDULE OF ASSUMPTIONS 1 SCHEDULE OF BUDGETED RECEIPTS AND DISBURSEMENTS - 2025 FIRE SERVICES - CAPITAL AND OPERATING 2 SCHEDULE OF BUDGETED RECEIPTS AND DISBURSEMENTS- 2025- FIRE DEBT SERVICE 3 ESTIMATED LEVY AND RATE ATTRIBUTABLE TO FIRE SERVICES- CITY OF JEFFERSONVILLE 4 PROPOSED FIRE TERRITORY OPERATING BUDGET 5 CALCULATION OF ESTIMATED FIRE TERRITORY LEVY AND TAX RATE 6 ESTIMATED IMPACT FOR 2026- 2028- FIRE OPERATING FUND 7 SUMMARY OF ESTIMATED DISTRICT TAX RATE IMPACT 8-9 ILLUSTRATIVE SUMMARY OF ESTIMATED TAX LIABILITY IMPACT: CITY OF JEFFERSONVILLE OFW (009) TAXING DISTRICT 10 CITY OF JEFFERSONVILLE IFW (010) TAXING DISTRICT 11 UTICA TWP-JEFF CITY (039) TAXING DISTRICT 12 CHARLESTOWN TOWNSHIP -JEFF CITY (042) TAXING DISTRICT 13 UTICA TOWNSHIP (033) TAXING DISTRICT 14 UTICA TOWN (037) TAXING DISTRICT 15 bakertilly Baker Tilly Advisory Group,LP and Baker Tilly US,LLP,trading as Baker Tilly,operate under an alternative practice structure and are members of the global network of Baker Tilly International Ltd.,the members of which are separate and independent legal entities.Baker Tilly US,LLP is a licensed CPA firm that provides assurance services to its clients.Baker Tilly Advisory Group,LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms.©2025 Baker Tilly Advisory Group,LP PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) SCHEDULE OF ASSUMPTIONS 1.) The state-wide maximum property tax levy growth rate is assumed to be: Levy Growth Year Factor 2024 1.040 2025 1.040 2026 1.040 2027 1.043 2028 1.036 2.) Certified and estimated net assessed values 2024 Certified 2025 Certified 2026 Est. 2027 Est. 2028 Est. City of Jeffersonville $2,708,967,695 $2,943.504,231 $2,943.504,231 $2.943.504,231 $2.943.504.231 Utica Township Fire District 186.926.701 210.255.351 210.255,351 210.255.351 210.255.351 City of Jeffersonville TIF Incremental AV(1) 1,453,791,419 1,376,164.828 1,376.164,828 1.376.164.828 1..376.164,828 Totals $4,349,685,815 $4,529,924,410 $4,529.924,410 $4.529.924,410 $4.529.924.410 (1)Includes captured incremental assessed value for the Falls Landing/Harbours(T10300), InnerCity Roads(T10301),Jeff Bethnova (T10302),Jeff Galvstar(T10303),Jeff Vogt Valve(T10305).Jeff Boat Project Area(T10309).Riverview Allocation Area(T10310),and River Ridge(T01500)TIF Districts.2026-2028 assumed equal to pay 2025 values. 3.) Estimated Circuit Breaker Credits as a percentage of property tax levy. 2024 2025 Est. 2026 Est. 2027 Est. 2028 Est. Fire Territory N/A N/A 22.73% 24.89% 25.93% City of Jeffersonville 14.0% 14.0% 14.0% 14.0% 14.0% Utica Township Fire District 0.1% 0.1% 0.1% 0.1% 0.1% Note: Circuit Breaker estimates are preliminary and cannot be finalized until the final Clark County Budget Order has been released and a parcel by parcel analysis can be completed. 4.) The Fire Territory budgets are assumed as follows: Operating* Capital` Totals Year 1 (2026) $ 27,072,059 $ 1,583.925 $ 28.655.984 Year 2(2027) 36,576,818 1,583.925 38,160.743 Year 3(2028) 38,117,641 1,583.925 39,701,566 Annual growth factor for operating budget: 3.0% Operating budget for 2026,2027.and 2028 are based on information provided by the City of Jeffersonville, assuming a phase-in over the three years. Capital budgets for 2026-2028 are based on the maximum statutory rate for the Equipment Replacement Fund. 5.) Auto Excise,CVET,and FIT as a percentage of levy 2024 2025 Est. 2026 Est. 2027 Est. 2028 Est. J Fire Territory N/A N/A 5.0°% 5.0% 5.0% City of Jeffersonville 5.3% 5.3% 5.3% 5.3% 5.3% Utica Township Fire District 8.5% 8.5% 8.5% 8.5% 8.5% 6.) Fire Territory cash reserve percentage raised in Year 1: 20.0% 7.) Provider Unit-City of Jeffersonville (Internal Use Only) (No assurance is provided on this financial analysis.) 1 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) SCHEDULE OF BUDGETED RECEIPTS AND DISBURSEMENTS-2025 FIRE SERVICES-CAPITAL AND OPERATING(1) Index Utica Township 1 BUDGETED RECEIPTS: City of Jeffersonville Fire District 2 Property Tax Levy-General $ 9.418.436 - 3 Property Tax Levy-Special Fire General - 137,377 4 Property Tax Levy-Special Cumulative Fire - 68,265 6 Less Estimated Circuit Breaker Credits (1,317,310) (240) 7 8 Net Property Tax 8,101,126 205,402 9 LIT-Certified Shares 3,536,631 61,230 10 LIT-Public Safety 554,360 - 11 Financial Institution Tax Distribution 15,069 - 12 Vehicle/Aircraft Excise Tax Distribution 407,818 17,377 12 Commercial Vehicle Excise Tax Distribution(CVET) 74,406 165 14 15 Total Budgeted Receipts 12,689,410 284,173 16 17 Utica Township 18 BUDGETED DISBURSEMENTS: City of Jeffersonville Fire District 19 General 20 Personal Services 12.979,857 - 21 Supplies 100,430 - 21 Services and Charges 401,870 - 23 24 Subtotal-General 13,482,157 - 25 25 LIT-Public Safety 27 Supplies 175,500 - 28 Services and Charges 217,000 - 29 Capital Outlays 161,860 30 31 Subtotal LIT-Public Safety 554,360 - 32 33 Special Fire General 34 Personal Services - 1,250 35 Supplies - 300 35 Services and Charges - 198,450 37 38 Subtotal-Special Fire General - 200,000 39 39 Special Cumulative Fire 40 Capital Outlays - 50,000 42 43 Total Budgeted Disbursements 14,036,517 250,000 44 45 Budgeted Surplus(Shortfall) $ (1,347,107) $ 34,173 46 47 48 Property tax levy allocated to fire services 9,418,436 205,642 49 Divided by net assessed value(2025) 2,943,504,231 210,255,351 50 51 Subtotal 0.003200 0.000978 52 Times$100 100 100 53 54 Estimated Tax Rate Attributable to Fire Services(2025) $ 0.3200 $ 0.0978 (1) The City of Jeffersonville does not currently operate an ambulance service. (2)2025 budget assumes a$2,000,000 additional appropration for Fire Personal services (Internal Use Only) (No assurance is provided on this financial analysis.) 2 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY, INDIANA) SCHEDULE OF BUDGETED RECEIPTS AND DISBURSEMENTS - 2025 FIRE DEBT SERVICE Index Utica Township Fire 1 BUDGETED RECEIPTS: District 2 Property Tax Levy - Fire Equipment Debt $ 84,523 3 Less Estimated Circuit Breaker Credits (99) 4 5 Net Property Tax 84,424 6 Vehicle/Aircraft Excise Tax Distribution 7,521 7 Commercial Vehicle Excise Tax Distribution (CVET) 71 8 9 Total Budgeted Receipts 92,016 10 11 Utica Township Fire 12 BUDGETED DISBURSEMENTS: District 13 Fire Equipment Debt 14 Debt Service 91,746 (1) 15 16 Budgeted Surplus (Shortfall) $ 270 17 18 19 Property tax levy allocated to fire services 84,523 20 Divided by net assessed value (2025) 210.255,351 21 22 Subtotal 0.000402 23 Times $100 100 24 25 Estimated Tax Rate Attributable to Fire Services (2025) $ 0.0402 26 27 Notes: 28 (1) Fire Truck Bonds of 2018 mature January 1, 2030. (Internal Use Only) (No assurance is provided on this financial analysis.) 3 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY, INDIANA) ESTIMATED LEVY AND RATE ATTRIBUTABLE TO FIRE SERVICES - 2025 CITY OF JEFFERSONVILLE General Fund Budget for Fire Services (2025) $ 13,482.157 Divided by Total General Fund Budget 45,337,498 Fire Budget to Total General Fund Budget 29.7% Times Estimated 2025 Levy for the General Fund 31.672,106 General Fund Tax Levy Applicable to Fire Services 9,418.436 Divided by Certified 2025 Net Assessed Value 2,943,504.231 Subtotal 0.003200 Times 100 100 Estimated Property Tax Rate Attributable to Fire Services (2025) $ 0.3200 (Internal Use Only) (No assurance is provided on this financial analysis.) 4 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPO FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) Proposed Fire Territory Operating Budget OPERATING BUDGET PERSONAL SERVICES Note 2026 2027 2028 457 Match $ 400,500 $ 412,500 $ 429.000 457 Match-EMS 85,000 87,600 90,200 Accrued Benefits 400,000 400,000 820,000 Administrative Assistant 70,000 72,000 74,000 Administrative Assistant-EMS 62,000 63,860 65,776 Certification Pay 67,500 68.200 68,200 Clothing Allowance 76,000 85,600 94,400 Driver Pay 32,000 33.000 34,000 EMT Pay 15,000 23,500 31,500 Fire Apparatus Mechanic 73,458 75,662 77,932 Fire Department Garcia 60,000 60,000 65,000 Fire Pension 2,353,000 2,700,000 2,767,000 Full-lime Staff 104 in 2026;115 in 2027 7,000,000 8,875,000 9,227,000 EMS Staff 38 personnel 2,771,400 2,854,500 2,940,100 Part-time EMS staff 100,000 100,000 100,000 Holiday Pay 52,000 57,500 57,500 INPRS 20,600 21,000 21,600 INPRS-EMS _ 402,400 414400 42,700 Longevity 1,417,000 1,542.000 1,757,000 Overtime 1,500,000 1,500,000 1,500,000 Overtime-EMS 600,000 600,000 600,000 Social Security 158,000 164,300 169,700 Social Security-EMS 216,751 223,300 230,000 I TOTAL PERSONAL SERVICES 17,932,609 20,433,922 21,262,608 SUPPUES Office Supplies $ 23,000 $ 23,000 $ 23,000 Office Supplies-EMS 15,000 15,000 15,000 Uniforms 115,000 115,000 115,000 Other Supplies 188,000 188,000 188,000 Medical Supplies 175,000 175,000 175,000 Cleaning Supplies 25,500 25,500 25,500 Cleaning Supplies-EMS 15,000 15,000 15,000 Fire Investigation Supplies 8,500 8.500 8,500 Training Supplies 3,400 3,400 3,400 Training Supplies-EMS 15,000 15,000 _ _ 15,000 Motor Equipment Supplies 96,000 96,000 96,000 Motor Equipment Supplies-EMS 50,000 50.000 50,000 Tires and Tubes 21,400 21,400 21,400 Tires and Tubes-EMS 20,000 20,000 20,000 Fuel 130,000 130,000 130,000 Other Supplies 90,000 90,000 90,000 I- TOTAL SUPPUES 990,800 990,800 990,800 OTHER SERVICES AND CHARGES Contractual Services $ 178,500 $ 178,500 $ 178,500 Contractual Services-EMS 30,000 30,000 30,000 Computer Software Maintenance Fees 70,000 70,000 70,000 Computer Software Maintenance Fees-EMS 40,000 40,000 40.000 Cell Phones 26,000 26,000 26,000 Cell Phones-EMS 22,000 22,000 22,000 Telephone _ 12,750 12,750 12,750 Postage 1,700 1,700 1,700 Postage-EMS 500 500 500 Medical Billing 34,000 34,000 34,000 HSA Contribution 126,000 140,400 140,400 HSA Contribution-EMS 46,800 46,800 46.800 Water Utility 17,000 17,000 17,000 Electric Utility 74,800 74,800 74,800 Insurance 117 employees 3,861,000 3,861,000 3,861,000 Insurance-EMS 38 employees 1,254,000 1,254,000 1,254,000 Natural Gas Utility 41,000 41,000 41,000 Intemet Utility 25,000 25,000 _ 25,000 Sewer Utility 17,000 17,000 17,000 Subscriptions and Dues 2,000 2,000 2,000 Subscriptions and Dues-EMS 3,000 3.000 3,000 Business Meals and Entertainment 10,000 10,000 10,000 Repairs and Maintenance 182,000 182,000 182,000 Repairs and Maintenance-EMS 100,000 100,000 100,000 Travel 70,000 70,000 70.000 Travel-EMS 20,000 20,000 20,000 Training 89,000 89,000 89,000 Training-EMS _ 60.000 60.000 60.000 Other Services and Charges 970,000 7,959,046 8,671,183 I TOTAL OTHER SERVICES AND CHARGES 7,384,050 14,387,496 15,099,633 CAPITAL OUTLAYS-RECURRING Improvements 40,000 40.000 40,000 Equipment - 100,000 100,000 100,000 Airpacks 64,000 64,000 64,000 Software and Hardware 50,000 50,000 50,000 Turn-out Gear(year 1) 405,600 405,600 405,600 Equipmemt-EMS 80,000 80,000 80,000 Furniture and Fixtures 25,000 25,000 25,000 TOTAL CAPITAL OUTLAYS-RECURRING 764,600 764,600 764,600 TOTAL OPERATING BUDGET 27,072,059 36,576,818 38,117,641 'EQUIPMENT REPLACEMENT FUND I CAPITAL OUTLAYS Vehicles 800,000 800,000 800,000 TOTAL CAPITAL OUTLAYS 800,000 800,000 800,000 TOTAL EQUIPMENT REPLACEMENT FUND 800,000 800,000 800,000 I GRAND TOTAL OPERATING AND CAPITAL I$ 27,872,059 I$ 37,376,818 I$ 38,917,641 Qntemal Use Only) (No assurance is provided on this financial analysis.) 5 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) CALCULATION OF ESTIMATED FIRE TERRITORY PROPERTY TAX LEVY AND RATE Index 2026 2027 2028 OPERATING FUND 1 Funding Requirements. 2 Estimated Budget S 27,072,059 $ 36.576,818 $ 38.117,641 3 Cash Reserve 5,414.412 - - 4 5 Total Funding Requirements-Fire Operating 32,486,471 36,576,818 38.117,641 6 7 Less Est. Miscellaneous Revenues 8 Vehicle Excise Tax (1,404,100) (1,598,900) (1,671,700) 9 EMS Fees (3,000,000) (3,000,000) (3.000.000) 10 11 Estimated property tax to be levied (Operating) $ 28,082.371 $ 31.977,918 $ 33.445,941 12 13 EQUIPMENT REPLACEMENT FUND 14 Funding Requirements 15 Capital Outlays $ 1,583,925 $ 1,583,925 $ 1,583,925 16 17 Less Est. Miscellaneous Revenues 18 Vehicle Excise Tax (75,425) (75,425) (75,425) 19 20 Estimated property tax to be levied(ERF) $ 1,508,500 $ 1,508,500 $ 1,508,500 21 22 Total Estimated Tax Rate for Fire Services 23 Total Est. Levies for Fire Services S 29,590.871 $ 33,486,418 $ 34.954,441 24 Divided by Est. Net Assessed Value 4,529,924.410 4,529.924,410 4,529.924,410 25 26 Subtotal 0.006532 0.007392 0.007716 27 Multiplied by 100 100 100 100 28 29 Total Est. Property Tax Rate $ 0.6532 $ 0.7392 $ 0.7716 30 31 Estimated Increase/(Decrease) 13.2% 4.4% Notes: Line 3-Cash reserves are based on 15%of the estimated budget. Line 8-Includes FIT.Auto Excise and CVET estimated at 5%of levy. Line 18-Includes FIT.Auto Excise and CVET estimated at 5%of levy. Line 20-Equipment Replacement Fund tax levy is based on the following calculation rounded to the nearest$100. 2026 2027 2028 Maximum statutory rate $ 0.0333 $ 0.0333 $ 0.0333 times NAV per$100 45,299,244.10 45,299,244.10 45,299,244.10 Total estimated tax levy- Equip. Replacement Fund $ 1.508.500 $ 1.508.500 $ 1.508.500 (Internal Use Only) (No assurance is provided on this financial analysis.) 6 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY, INDIANA) 3 year Phase-In ESTIMATED IMPACT FOR 2026 -2028 Fire Operating Fund ESTIMATED Index 2026 2027 2028 1 Operating Receipts: 2 Property Tax $ 28,082,371 $ 31,977,918 $ 33,445,941 3 Circuit Breaker Tax Credits (6,382,149) (7,959,046) (8,671,183) 4 5 Net Property Tax 21,700,222 24,018,872 24,774,758 6 Auto Excise, CVET, & FIT 1,404,100 1,598,900 1,671,700 7 EMS Fees 3,000,000 3,000,000 3,000,000 8 9 Total Operating Receipts 26,104,322 28,617,772 29,446,458 10 11 Operating Disbursements: 12 Proposed Fire Operating 27,072,059 36,576,818 38,117,641 13 Proposed Budget Adjustments (970,000) (7,959,046) (8,671,183) 14 15 Total Operating Disbursements 26,102,059 28,617,772 29,446,458 16 17 Change in Fund Balance 2,263 - - 18 Beginning Fund Balance - 2.263 2.263 19 20 Ending Fund Balance $ 2,263 $ 2,263 $ 2,263 21 22 Net Assessed Value $ 4,529,924,410 $ 4,529,924,410 $ 4,529,924,410 23 Property Tax Rate 0.6199 0.7059 0.7383 24 25 Operating Balance Percentage 0.01% 0.01% 0.01% 26 27 28 Notes: 29 Line 2- 2026 levy is based upon the estimated budget provided by the City plus a 20% cash reserve. (Internal Use Only) (No assurance is provided on this financial analysis.) 7 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) SUMMARY OF ESTIMATED DISTRICT TAX RATE IMPACT City Of City Of Charlestown Jeffersonville Jeffersonville Utica Twp- Township-Jeff Ofw(009) Ifw(010) Jeff City(039) City(042) District Tax Rate Impact-Fire Territory(2026): District Tax Rate-2025 $ 2.9625 $ 3.1060 $ 2.8842 $ 2.9018 Estimated Increase/(Decrease)Due to Fire Territory: Minus estimated 2025 fire property tax rates (0.3200) (0.3200) (0.3200) (0.3200) Plus Fire Territory property tax rate 0.6532 0.6532 0.6532 0.6532 Net Impact Due to Fire Territory 0.3332 0.3332 0.3332 0.3332 Estimated District Tax Rate-2026 $ 3.2957 $ 3.4392 $ 3.2174 $ 3.2350 Estimated Percentage Increase/(Decrease) 11.2% 10.7% 11.6% 11.5% City Of City Of Charlestown Jeffersonville Jeffersonville Utica Twp- Township-Jeff Ofw(009) Ifw(010) Jeff City(039) City(042) District Tax Rate Impact-Fire Territory(2027): Estimated District Tax Rate-2026 $ 3.2957 $ 3.4392 $ 3.2174 $ 3.2350 Minus reduction for cash reserve levy (0.1195) (0.1195) (0.1195) (0.1195) Plus Annual Levy Growth 0.2055 0.2055 0.2055 0.2055 Estimated District Tax Rate-2027 S 3.3817 $ 3.5252 $ 3.3034 $ 3.3210 Estimated Percentage Increase/(Decrease) 2.6% 2.5% 2.7% 2.7% City Of City Of Charlestown Jeffersonville Jeffersonville Utica Twp- Township-Jeff Ofw(009) Ifw(010) Jeff City(039) City(042) District Tax Rate Impact-Fire Territory(2028): Estimated District Tax Rate-2027 S 3.3817 $ 3.5252 $ 3.3034 $ 3.3210 Plus Annual Levy Growth 0.0324 0.0324 0.0324 0.0324 Estimated District Tax Rate-2028 $ 3.4141 $ 3.5576 $ 3.3358 S 3.3534 Estimated Percentage Increase/(Decrease) 1.0% 0.9% 1.0% 1.0% (Internal Use Only) (No assurance is provided on this financial analysis.) 8 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY, INDIANA) (Cont'd) SUMMARY OF ESTIMATED DISTRICT TAX RATE IMPACT Utica Township Utica Town (033) (037) District Tax Rate Impact-Fire Territory(2026): Estimated District Tax Rate-2025(1) $ 1.6858 $ 1.8146 Estimated Increase/(Decrease)Due to Fire Territory: Minus estimated 2025 fire property tax rates (0.0978) (0.0978) Plus Fire Territory property tax rate 0.6532 0.6532 Net Impact Due to Fire Territory 0.5554 0.5554 Estimated District Tax Rate-2026 $ 2.2412 $ 2.3700 Estimated Percentage Increase/(Decrease) 32.9% 30.6% Utica Township Utica Town (033) (037) District Tax Rate Impact-Fire Territory(2027): Estimated District Tax Rate-2026 $ 2.2412 $ 2.3700 Minus reduction for cash reserve levy (0.1195) (0.1195) Plus Annual Levy Growth 0.2055 0.2055 Estimated District Tax Rate-2027 $ 2.3272 $ 2.4560 Estimated Percentage Increase/(Decrease) 3.8% 3.6% Utica Township Utica Town (033) (037) District Tax Rate Impact-Fire Territory(2028): Estimated District Tax Rate-2027 $ 2.3272 $ 2.4560 Plus Annual Levy Growth 0.0324 0.0324 Estimated District Tax Rate-2028 $ 2.3596 $ 2.4884 Estimated Percentage Increase/(Decrease) 1.4% 1.3% Notes: (1)2025 estimated district tax rates are based on 2025 certified district rates per the Clark County DLGF Budget Order. (Internal Use Only) (No assurance is provided on this financial analysis.) 9 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) ILLUSTRATIVE SUMMARY OF ESTIMATED TAX LIABILITY IMPACT City Of Jeffersonville Ofw(009) Estimated annual tax liability impact associated with the proposed Fire Territory • 2025 estimated City Of Jeffersonville Ofw(009)Taxing Increase/ Increase/ Increase/ District baseline tax 2026 (Decrease) 2027 2028 (Decrease) (Decrease) liability Residential Homestead(1%tax cap): $100.000 Gross Assessed Value $807.34 $898.15 $90.81 $921.59 $23.43 $930.42 $8.83 • $150.000 Gross Assessed Value $1,500.00 $1,500.00 $0.00 $1,500.00 $0.00 $1,500.00 $0.00 • $200.000 Gross Assessed Value $2.000.00 $2,000.00 $0.00 $2,000.00 $0.00 $2,000.00 $0.00 Farm Land and Other Residential(2%tax cap): 1 acre $45.60 $45.60 $0.00 $45.60 $0.00 $45.60 $0.00 50 acres $2.280.00 $2,280.00 $0.00 $2,280.00 $0.00 $2,280.00 $0.00 100 acres $4.560.00 $4,560.00 $0.00 $4,560.00 $0.00 $4,560.00 $0.00 Commercial and Personal Property(3%tax cap): $250.000 Gross Assessed Value $7,136.80 $7,500.00 $363.20 $7,500.00 $0.00 $7,500.00 $0.00 $500,000 Gross Assessed Value $14,273.59 $15,000.00 $726.41 $15,000.00 $0.00 $15,000.00 $0.00 $1,000,000 Gross Assessed Value $28,547.18 $30,000.00 $1,452.82 $30,000.00 $0.00 $30,000.00 $0.00 Notes: (1)Assumes standard deduction at the lesser of$48,000 or 65%of home value, and the 40%supplemental homestead deduction are applied for taxes payable 2024. Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 1%of gross assessed value for residential homestead land. is applied. Assumes local property tax relief credits of 12.6539%are applied for all 1%property values. (2)Assumes agricultural land is valued at$2,280 per acre for taxes payable in 2025, with no deductions or exemptions. Assumes the Circuit Breaker Tax Credit. which limits property tax liability to 2%of gross assessed value for agricultural land,is applied. (3)Assumes no exemptions or deductions for commercial property for taxes payable 2024.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 3% of gross assessed value for commercial and personal property,is applied. Assumes local property tax relief credits of 3.6382%are applied for all 2%and 3%property values. (4)Assumes residential homestead property valued at$139,500 and above are at the tax caps for 2024.All agricultural, non-homestead residential, and residential rental property values are estimated at the 2%tax caps for 2024. No commercial and personal property values are estimated at the 3%tax caps for 2024. (Internal Use Only) (No assurance is provided on this financial analysis.) 10 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) ILLUSTRATIVE SUMMARY OF ESTIMATED TAX LIABILITY IMPACT City Of Jeffersonville Ifw(010) Estimated annual tax liability impact associated with the proposed Fire Territory 2025 estimated City Of Jeffersonville Ifw(010)Taxing Increase/ Increase/ Increase/ District baseline tax 2026 (Decrease) 2027 2028 (Decrease) (Decrease) liability Residential Homestead(1%tax cap): $100.000 Gross Assessed Value $846.44 $937.26 $90.81 $960.69 $23.43 $969.52 S8.83 $150.000 Gross Assessed Value $1,500.00 $1,500.00 $0.00 $1.500.00 $0.00 $1.500.00 $0.00 $200,000 Gross Assessed Value $2.000.00 $2,000.00 $0.00 $2,000.00 $0.00 $2,000.00 $0.00 Farm Land and Other Residential(2%tax cap): 1 acre $45.60 $45.60 $0.00 $45.60 $0.00 $45.60 $0.00 50 acres $2,280.00 $2,280.00 $0.00 $2,280.00 $0.00 $2,280.00 $0.00 100 acres $4,560.00 $4,560.00 $0.00 $4,560.00 $0.00 $4,560.00 $0.00 Commercial and Personal Property(3%tax cap): $250,000 Gross Assessed Value $7,482.49 $7.500.00 $17.51 $7.500.00 $0.00 $7,500.00 $0.00 $500,000 Gross Assessed Value $14.964.99 $15,000.00 $35.01 $15,000.00 $0.00 $15,000.00 $0.00 • $1,000,000 Gross Assessed Value $29,929.98 $30.000.00 $70.02 $30,000.00 $0.00 $30.000.00 $0.00 Notes: (1)Assumes standard deduction at the lesser of$48,000 or 65%of home value, and the 40%supplemental homestead deduction are applied for taxes payable 2024. Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 1%of gross assessed value for residential homestead land, is applied. Assumes local property tax relief credits of 12.6539%are applied for all 1%property values. (2)Assumes agricultural land is valued at$2,280 per acre for taxes payable in 2025, with no deductions or exemptions.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 2%of gross assessed value for agricultural land. is applied. (3)Assumes no exemptions or deductions for commercial property for taxes payable 2024.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 3% of gross assessed value for commercial and personal property, is applied. Assumes local property tax relief credits of 3.6382%are applied for all 2%and 3%property values. (4)Assumes residential homestead property valued at$128,000 and above are at the tax caps for 2024.All agricultural. non-homestead residential, and residential rental property values are estimated at the 2%tax caps for 2024. No commercial and personal property values are estimated at the 3%tax caps for 2024. (Internal Use Only) (No assurance is provided on this financial analysis.) 11 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) ILLUSTRATIVE SUMMARY OF ESTIMATED TAX LIABILITY IMPACT Utica Twp-Jeff City(039) Estimated annual tax liability impact associated with the proposed Fire Territory 2025 estimated Increase/ Increase/ Increase/ Utica Twp-Jeff City(039)Taxing District baseline tax 2026 2028 (Decrease) 2027 (Decrease) (Decrease) liability Residential Homestead(1%tax cap): $100,000 Gross Assessed Value $786.00 $876.82 $90.81 $900.25 $23.43 $909.08 $8.83 $150,000 Gross Assessed Value $1.500.00 $1,500.00 $0.00 $1,500.00 $0.00 $1,500.00 $0.00 • $200,.000 Gross Assessed Value $2.000.00 $2,000.00 $0.00 $2.000.00 $0.00 $2,000.00 $0.00 Farm Land and Other Residential(2%tax cap): 1 acre $45.60 $45.60 $0.00 $45.60 $0.00 $45.60 $0.00 50 acres $2,280.00 $2,280.00 $0.00 $2.280.00 $0.00 $2,280.00 $0.00 100 acres $4,560.00 $4,560.00 $0.00 $4,560.00 $0.00 $4,560.00 $0.00 Commercial and Personal Property(3%tax cap): $250,000 Gross Assessed Value $6,948.17 $7,500.00 $551.83 $7,500.00 $0.00 $7.500.00 $0.00 $500,000 Gross Assessed Value $13.896.34 $15,000.00 $1,103.66 $15,000.00 $0.00 $15,000.00 $0.00 $1,000.000 Gross Assessed Value $27,792.67 $30.000.00 $2,207.33 $30,000.00 $0.00 $30,000.00 $0.00 Notes: (1)Assumes standard deduction at the lesser of$48,000 or 65%of home value, and the 40%supplemental homestead deduction are applied for taxes payable 2024. Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 1%of gross assessed value for residential homestead land, is applied. Assumes local property tax relief credits of 12.6539%are applied for all 1%property values. (2)Assumes agricultural land is valued at$2,280 per acre for taxes payable in 2025, with no deductions or exemptions.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 2%of gross assessed value for agricultural land, is applied. (3)Assumes no exemptions or deductions for commercial property for taxes payable 2024. Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 3% of gross assessed value for commercial and personal property. is applied. Assumes local property tax relief credits of 3.6382%are applied for all 2%and 3%property values. (4)Assumes residential homestead property valued at$141,900 and above are at the tax caps for 2024.All agricultural. non-homestead residential, and residential rental property values are estimated at the 2%tax caps for 2024. No commercial and personal property values are estimated at the 3%tax caps for 2024. (Internal Use Only) (No assurance is provided on this financial analysis.) 12 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) ILLUSTRATIVE SUMMARY OF ESTIMATED TAX LIABILITY IMPACT Charlestown Township-Jeff City(042) Estimated annual tax liability impact associated with the proposed Fire Territory 2025 estimated Charlestown Township-Jeff City(042) Increase/ Increase/ Increase/ baseline tax 2026 2027 2028 Taxing District liability (Decrease) (Decrease) (Decrease) Residential Homestead(1%tax cap): $100,000 Gross Assessed Value $790.80 $881.61 $90.81 $905.05 $23.43 $913.88 $8.83 $150,000 Gross Assessed Value $1.500.00 $1,500.00 $0.00 $1,500.00 $0.00 $1,500.00 $0.00 • $200,000 Gross Assessed Value $2,000.00 $2,000.00 $0.00 $2,000.00 $0.00 $2,000.00 $0.00 Farm Land and Other Residential(2%tax cap): 1 acre $45.60 $45.60 $0.00 $45.60 $0.00 $45.60 , $0.00 50 acres $2,280.00 $2,280.00 $0.00 $2,280.00 $0.00 $2,280.00 $0.00 100 acres $4,560.00 $4,560.00 $0.00 $4,560.00 $0.00 $4,560.00 $0.00 Commercial and Personal Property(3%tax cap): $250.000 Gross Assessed Value $6,990.57 $7.500.00 $509.43 $7,500.00 $0.00 $7.500.00 $0.00 $500,000 Gross Assessed Value $13.981.13 $15,000.00 $1,018.87 $15,000.00 $0.00 $15,000.00 $0.00 $1,000,000 Gross Assessed Value $27,962.27 $30.000.00 $2,037.73 $30.000.00 $0.00 $30.000.00 $0.00 Notes: (1)Assumes standard deduction at the lesser of$48,000 or 65%of home value, and the 40%supplemental homestead deduction are applied for taxes payable 2024. Assumes the Circuit Breaker Tax Credit. which limits property tax liability to 1%of gross assessed value for residential homestead land. is applied. Assumes local property tax relief credits of 12.6539%are applied for all 1%property values. (2)Assumes agricultural land is valued at$2,280 per acre for taxes payable in 2025, with no deductions or exemptions.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 2%of gross assessed value for agricultural land, is applied. (3)Assumes no exemptions or deductions for commercial property for taxes payable 2024.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 3% of gross assessed value for commercial and personal property. is applied. Assumes local property tax relief credits of 3.6382%are applied for all 2%and 3%property values. (4)Assumes residential homestead property valued at$144,800 and above are at the tax caps for 2024.All agricultural, non-homestead residential, and residential rental property values are estimated at the 2%tax caps for 2024. No commercial and personal property values are estimated at the 3%tax caps for 2024. (Internal Use Only) (No assurance is provided on this financial analysis.) 13 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY,INDIANA) ILLUSTRATIVE SUMMARY OF ESTIMATED TAX LIABILITY IMPACT Utica Township(033) Estimated annual tax liability impact associated with the proposed Fire Territory 2025 estimated Increase/ • Increase/ Increase/ Utica Township(033)Taxing District baseline tax 2026 Decrease 2027 2028 liability (Decrease) (Decrease) (Decrease) Residential Homestead(1%tax cap): $100,000 Gross Assessed Value $459.41 $610.77 $151.35 $634.20 $23.43 $643.03 $8.83 • $150,000 Gross Assessed Value $901.16 $1,198.05 $296.89 $1,244.02 $45.97 $1,261.34 $17.32 $200.000 Gross Assessed Value $1.342.90 $1.785.33 $442.43 $1,853.83 $68.51 $1,879.64 $25.81 •Farm Land and Other Residential(2%tax cap): 1 acre $37.04 $45.60 $8.56 • $45.60 $0.00 $45.60 $0.00 50 acres $1,851.89 $2,280.00 $428.11 $2,280.00 $0.00 $2,280.00 $0.00 100 acres $3,703.78 $4,560.00 $856.22 $4,560.00 $0.00 $4,560.00 $0.00 Commercial and Personal Property(3%tax cap): $250,000 Gross Assessed Value $4.061.17 $5.399.14 $1,337.97 $5,606.32 $207.18 $5.684.37 $78.05 $500,000 Gross Assessed Value $8,122.34 $10,798.27 $2,675.94 $11,212.63 $414.36 $11,368.74 $156.11 $1.000,000 Gross Assessed Value $16.244.67 $21.596.55 $5,351.88 $22,425.26 $828.71 $22,737.47 $312.21 Notes.- (1)Assumes standard deduction at the lesser of$48,000 or 65%of home value, and the 40%supplemental homestead deduction are applied for taxes payable 2024. Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 1%of gross assessed value for residential homestead land, is applied. Assumes local property tax relief credits of 12.6539%are applied for all 1%property values. (2)Assumes agricultural land is valued at$2,280 per acre for taxes payable in 2025, with no deductions or exemptions.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 2%of gross assessed value for agricultural land, is applied. (3)Assumes no exemptions or deductions for commercial property for taxes payable 2024.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 3% of gross assessed value for commercial and personal property. is applied. Assumes local property tax relief credits of 3.6382%are applied for all 2%and 3%property values. (4)Assumes residential homestead property valued at$5,308.000 and above are at the tax caps for 2024. No agricultural, non-homestead residential, and residential rental property values are estimated at the 2%tax caps for 2024. No commercial and personal property values are estimated at the 3%tax caps for 2024. (Internal Use Only) (No assurance is provided on this financial analysis.) 14 PROPOSED JEFFERSONVILLE AND UTICA TOWNSHIP FPD FIRE PROTECTION TERRITORY (CLARK COUNTY, INDIANA) ILLUSTRATIVE SUMMARY OF ESTIMATED TAX LIABILITY IMPACT Utica Town(037) Estimated annual tax liability impact associated with the proposed Fire Territory 2025 estimated Increase/ Increase/ Increase/ Utica Town(037)Taxing District baseline tax 2026 2027 2028 liability (Decrease) (Decrease) (Decrease) Residential Homestead(1%tax cap): $100,000 Gross Assessed Value $494.52 $645.87 $151.35 $669.31 $23.43 $678.14 $8.83 $150,000 Gross Assessed Value $970.01 $1,266.90 $296.89 $1,312.87 $45.97 $1,330.19 $17.32 $200.000 Gross Assessed Value $1,445.51 $1.887.92 $442.42 $1,956.44 $68.51 $1,982.25 $25.81 Farm Land and Other Residential(2%tax cap): 1 acre $39.86 $45.60 $5.74 $45.60 $0.00 $45.60 $0.00 50 acres $1,993.38 $2,280.00 $286.62 $2,280.00 $0.00 $2,280.00 $0.00 100 acres $3,986.77 $4,560.00 $573.23 $4,560.00 $0.00 $4,560.00 $0.00 Commercial and Personal Property(3%tax cap): $250,000 Gross Assessed Value $4,371.45 $5.709.43 $1,337.97 $5,916.60 $207.18 $5,994.66 $78.05 $500,000 Gross Assessed Value $8,742.91 $11,418.84 $2,675.94 $11,833.20 $414.36 $11,989.31 $156.11 $1,000,000 Gross Assessed Value $17.485.81 $22.837.69 $5,351.88 $23,666.40 $828.71 $23,978.61 $312.21 Notes: (1)Assumes standard deduction at the lesser of$48,000 or 65%of home value, and the 40%supplemental homestead deduction are applied for taxes payable 2024. Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 1%of gross assessed value for residential homestead land, is applied. Assumes local property tax relief credits of 12.6539%are applied for all 1%property values. (2)Assumes agricultural land is valued at$2,280 per acre for taxes payable in 2025, with no deductions or exemptions.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 2%of gross assessed value for agricultural land, is applied. (3)Assumes no exemptions or deductions for commercial property for taxes payable 2024.Assumes the Circuit Breaker Tax Credit, which limits property tax liability to 3% of gross assessed value for commercial and personal property. is applied. Assumes local property tax relief credits of 3.6382%are applied for all 2%and 3%property values. (4)Assumes residential homestead property valued at$1,372,300 and above are at the tax caps for 2024. No agricultural,non-homestead residential, and residential rental property values are estimated at the 2%tax caps for 2024. No commercial and personal property values are estimated at the 3%tax caps for 2024. (Internal Use Only) (No assurance is provided on this financial analysis.) 15