05/19/2025 Council Special Meeting [18:32-23:35]

The 9% will generate for your county unit alone to put in the general fund $11.3 million. Right now, you are generating for your public safety and certified shares. Those two together is about 6.2 million. So the 11.3 is quite a bit more and you're still only at 0.9%. But the reason why we picked 0.9% and again, we can discuss this. We can work in all kinds of different things in this model. But we picked 0.9% because we basically backed it into what we thought we'd needed as revenue to keep a strong cash reserve in your general fund and fund those things that are in public safety that you're going to have to now shift over to your general fund. Because our public safety let funds go away. So you're going to have to shift everything that you're paying out of there over to the general fund. So we incorporated all of that in there. You made a sign that you want to go with the revenue rate. But again, we've got this set up now so I can plug in different rates to see how that's going to impact your general fund. Any questions so far? Because this is a really big change. There are some other local income taxes that you can adopt. Oh, and I think I brought. I think that. This might be easier because it is a confusing local income tax structure. If you're just going to hear that down. So what I'm handing out, this is not ending the report, but it's a very separate page. Because I think it's important to know that this is the biggest local income tax change that I've seen in my career. I've been at this for about 28 years. So what you're looking at here will wait until it gets all the way down. The rate we know will come taxes right now is completely changing. So again, you will have that county services rate that you'll put in the general fund and lose for any public. So you won't have that separate public safety anymore. You as a county unit can also adopt a 0.4% fire protection in EMS. Notice it doesn't say public safety. It says fire protection in EMS. That does not fall to the county unit. You adopt it. But you have to distribute it out to fire protection districts, fire territories, we must remove fire departments, and add your discretion to township fire departments and volunteer fire departments. You can also adopt up to 0.2% for a non municipal rate. That goes to townships, libraries, and some binding review units like airport authorities. Maybe we need some of those management districts. That's up to you. Does the fire territories have the ability to tax from their own township? Yes. The fire territory still has the ability to have their own property tax lobbying. There are lots of changes in the statute regarding fire territories, but that's probably a separate session for that. For municipalities, less than 3,500 population, you will be able to adopt up to 1.2% to spread amongst those smaller municipalities. You only have one. I think it's you, let it. And then municipalities, so backward and mature, will be able to adopt their own. You guys don't have anything to do with that. They will adopt their own up to 1.2%. And I just put estimates, who have estimates there, of what that would generate. So again, I've got lots of estimates of what these would all generate. Some of them are going to be under the control of the county. Any of those municipalities that many that they would have go directly today to them. Yes, their rate is based on the adjusted person's income. I've just the people living within their municipality, it goes directly to them. And they're going to need it because they're not going to get the certified shares that you would normally distribute to them. They're not going to get that public safety money anymore. You said they could do the last category of 1.2. Yes, the 1.2, the municipalities, equal to or greater than 3,500 population. They can adopt their own. Can that be included in our area? Bedford and Mitchell. Yep, and I have those estimates on here. Bedford, it's about 3.7 million. Mitchell is about 700 and 43. Bedford, that's less than what they're getting now. So that's going to be difficult. Now, I want to say this, that this isn't a very complex local income tax structure because no lower or redistributing these shares based on gravity.