Dutchess 2015 Capital Improvement Plan

2015 TENTATIVE BUDGET – The Dutchess County Jail

 

Jail

The Capital Improvement Plan (“CIP”) is incomplete because it identifies the jail in the document but not the estimated cost.  The cost is stated “To Be Determined” or “TBD.”  Some of us know that a five year capital plan will not necessarily have the details and specifications to allow for an accurate estimate.  However, it is the responsibility of the County Executive to provide a best faith estimate.  It is also the responsibility of the County Legislature to make this an issue and ask for a full and open assessment of the potential cost of the jail, and an exact detailed summary of the serial bonds committed on behalf of the Jail.

For those who don’t know, a Capital Improvement Plan (Program) or CIP, is a short-range plan, usually four to ten years, which identifies capital projects, equipment purchases, provides a planning schedule and identifies options for financing the plan.

Advertisements

2015 TENTATIVE BUDGET – Property Tax Cut – Increase in Tax Rate

 

Budget 6

The property tax relief is so negligible that some residents may actually see their taxes rise. Despite the shaving of the tax levy, County tax rates are going up for taxpayers. If your assessment on your home was not reduced in 2014, then you are potentially facing an increase in your individual tax bill because the rate is going from $3.65/$1000 to $3.68/$1000.

The County’s tax base continues to decline by $400M, a total decline of $9.28 billion over 7 years.

Look at the Budget in Brief. http://www.dutchessny.gov/

2015 TENTATIVE BUDGET – CAPITAL PLAN SPENDING PROPOSAL

Budget 7

The 2015 County Capital Plan proposes to spend an additional $21,796,800 of taxpayers’ dollars on top of the county’s $441,748,000 operating budget.  County spending of taxpayers’ money could be at an historic high of $463,544,800 in 2015.

County Budget has 20 year record high debt service of $19,195,587.87 for its current outstanding debt of $107,168,842.  The county has an additional authorized unissued debt of $33,358,433 that will further increase the county’s debt service (and raise taxes) beyond 2015.

Budget does not make up for the loss of revenue from the Energy Tax nor the one time revenue shot from the state aid that is balancing the 2014 budget.  ($5.25 million)

See 2015 Capital Improvement Program. http://www.dutchessny.gov/

2015 Dutchess County Tentative Budget – Labor Contracts

Budget 5

2015 Budget does not plan any funds for the settlement of any of the three collective bargaining agreements. If so, it is not clearly identified.  Should a settlement occur in 2015, more funds may be needed from the fund balance to cover this expense.

The structural deficit of $4.875 million significantly drains fund balance (nearly 20%) to a dangerously low level of 5% of the budget minimum threshold.  Any further unexpected expenses or revenue shortfalls will further strain a very weak fund balance, and put the county’s good bond rating at risk.

2015 TENTATIVE BUDGET – The County Jail

 

Jail

The Capital Improvement Plan (“CIP”) is incomplete because it identifies the jail in the document but not the estimated cost.  The cost is stated “To Be Determined” or “TBD.”  Some of us know that a five year capital plan will not necessarily have the details and specifications to allow for an accurate estimate.  However, it is the responsibility of the County Executive to provide a best faith estimate.  It is also the responsibility of the County Legislature to make this an issue and ask for a full and open assessment of the potential cost of the jail, and an exact detailed summary of the serial bonds committed on behalf of the Jail.

For those who don’t know, a Capital Improvement Plan (Program) or CIP, is a short-range plan, usually four to ten years, which identifies capital projects, equipment purchases, provides a planning schedule and identifies options for financing the plan.

2015 TENTATIVE BUDGET – Property Tax Cut – Increase in Tax Rate

 

Budget 6

The property tax relief is so negligible that some residents may actually see their taxes rise. Despite the shaving of the tax levy, County tax rates are going up for taxpayers. If your assessment on your home was not reduced in 2014, then you are potentially facing an increase in your individual tax bill because the rate is going from $3.65/$1000 to $3.68/$1000.

The County’s tax base continues to decline by $400M, a total decline of $9.28 billion over 7 years.

Look at the Budget in Brief. http://www.dutchessny.gov/

2015 TENTATIVE BUDGET – CAPITAL PLAN SPENDING PROPOSAL

Budget 7

The 2015 County Capital Plan proposes to spend an additional $21,796,800 of taxpayers’ dollars on top of the county’s $441,748,000 operating budget.  County spending of taxpayers’ money could be at an historic high of $463,544,800 in 2015.

County Budget has 20 year record high debt service of $19,195,587.87 for its current outstanding debt of $107,168,842.  The county has an additional authorized unissued debt of $33,358,433 that will further increase the county’s debt service (and raise taxes) beyond 2015.

Budget does not make up for the loss of revenue from the Energy Tax nor the one time revenue shot from the state aid that is balancing the 2014 budget.  ($5.25 million)

See 2015 Capital Improvement Program. http://www.dutchessny.gov/