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Parish of Lafayette Budget Crisis

Parish of Lafayette Budget Crisis. Lafayette City-Parish Council Budget Evaluation Team. Kevin Naquin District 1. Jay Castille District 2. Kenneth Boudreaux District 4. Bruce Conque District 6. Lafayette Parish Property Taxes. Lafayette Parish Ranks 50 th In Total Parish Millage

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Parish of Lafayette Budget Crisis

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  1. Parish of Lafayette Budget Crisis

  2. Lafayette City-Parish CouncilBudget Evaluation Team Kevin Naquin District 1 Jay Castille District 2 Kenneth Boudreaux District 4 Bruce Conque District 6

  3. Lafayette Parish Property Taxes Lafayette Parish Ranks 50th In Total Parish Millage Out Of 64 Parishes In Louisiana 2015 Louisiana Bond Commission Report For Major Population Centers

  4. Lafayette Parish Property Taxes *Voter Approved Rededication

  5. Lafayette Parish Property Taxes Tax Authorities in Lafayette Parish

  6. Lafayette Parish Property Taxes LCG Percentage of Total Tax Millage

  7. Lafayette Parish Property Taxes Major Funds Pro Forma

  8. Lafayette Parish Property Taxes Correctional Facility Maintenance Deficit Operations Are Subsidized By Available Fund Balance *Subsidized By Court House Complex Property Tax

  9. Lafayette Parish Property Taxes 2017 – 2018 2% Estimated Increase .8% Actual

  10. Lafayette Parish Property Taxes • Dedicated / Approved By Voters • Cannot Be Used For Any Other Funding • Millage Rates Pre-Existed 1996 LCG Inauguration • Inadequate To Fund Long Term • Basic Parish Government Operations

  11. Lafayette Parish General Fund FY 17-18 $991,952

  12. Lafayette Parish General Fund

  13. Lafayette Parish General Fund

  14. Lafayette Parish Property Tax General Alimony Four Mills Authorized (Louisiana Constitution) 3.05 Mills Currently Assessed Historically, Political Will Has Been To Lower The Millage (Roll Back / Roll Forward) This Millage Is Not Subject To A Public Vote

  15. Sales Tax Distribution Unincorporated Area – 9% For Every $1.00 In Sales Tax Collected

  16. Lafayette Parish General Fund

  17. Lafayette Parish General Fund

  18. Lafayette Parish General Fund 2016-2017 Budget $3.9 Million Decrease From Previous Year Reduced Parish Volunteer Fire Departments’ Supplemental Aid 20% Across All Departments And Divisions   Eliminated Cajundome Funding External Arts And Culture And Social Service Grants

  19. Mayor-President’sFY 17-18 Budget Message • Last year we conducted a comprehensive review of the budget to address the decline in sales tax revenue. • We made difficult, strategic, fiscally responsible cuts to the budget that minimized a reduction in the services expected by our constituents. • … will continue to budget based on what we believe are realistic and sustainable revenue sources.

  20. Lafayette Parish Diminishing Revenues Sales Tax Decrease Primarily Due to Annexation And The Decline In Economy Overall Property Tax Revenue Less Than Projected General Alimony Property Tax Collections Below Approved Rate

  21. Lafayette Parish Property Taxes Homestead Exemption $75,000 Per Residential Property NOT COLLECTED In 2017 $32,872,170 Parish of Lafayette = $9.2 Million (approx)

  22. Lafayette Parish Property Taxes Homestead Exemption Highest In USA Remain Vigilant Legislative Efforts To Increase

  23. Lafayette Parish Property Taxes Property Tax Exemptions Scrutinize Applications Local Governments Must Consent

  24. Lafayette Parish Budget Crisis Decreasing Revenues Increasing Costs ________________________________ Budget Adjustments

  25. Lafayette Parish Property Taxes April 28, 2018 Property Tax Renewals – 10 Years ____________________________________ Library – 1.61 Mills $3,665,902.11 Operation, Maintenance And Improvements

  26. Lafayette Parish Property Taxes April 28, 2018 Property Tax Renewals – 10 Years ____________________________________ Juvenile Detention – 1.17 Mills $2,664,044.27 Acquisition, Improvements, Operating and Maintenance

  27. Lafayette City Property Taxes April 28, 2018 Property Tax Renewals – 10 Years ____________________________________ Streets, Roads & Alleys – 1.29 Mills $2,050,619 Recreation Tax – 1.92 Mills $3,052,082

  28. Parish of Lafayette Budget Crisis

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