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2015 Budget Listening Sessions

2015 Budget Listening Sessions August 13 & 14. 2015 Budget Listening Sessions. Chris Abele Milwaukee County Executive. 2015 Budget Listening Sessions August 13 & 14. Agenda. County Overview County Budget Overview Fiscal Challenges 2015 Budget Strategy 2015 Budget Calendar.

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2015 Budget Listening Sessions

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  1. 2015 Budget Listening Sessions August 13 & 14 2015 Budget Listening Sessions Chris Abele Milwaukee County Executive

  2. 2015 Budget Listening Sessions August 13 & 14 Agenda County Overview County Budget Overview Fiscal Challenges 2015 Budget Strategy 2015 Budget Calendar

  3. 2015 Budget Listening Sessions August 13 & 14 County Overview Service Matrix * Examples of Major Programs Listed, Not All-Inclusive

  4. 2015 Budget Listening Sessions August 13 & 14 County Overview Service Matrix * Examples of Major Programs Listed, Not All-Inclusive

  5. 2015 Budget Listening Sessions August 13 & 14 County Budget Overview 2014 Revenues by Source

  6. 2015 Budget Listening Sessions August 13 & 14 County Budget Overview 2014 Tax Levy by Major Function

  7. 2015 Budget Listening Sessions August 13 & 14 Fiscal Challenges Total Active & Retiree Fringe Benefit Costs per Budgeted FTE, 2004-2014 Benefit Cost Growth

  8. 2015 Budget Listening Sessions August 13 & 14 Fiscal Challenges Forecasted Debt Service “Critical to Work This Downward Trend”

  9. 2015 Budget Listening Sessions August 13 & 14 Fiscal Challenges Projected Structural Deficit – 2012, 2013 & 2014 Adopted County Budgets (in millions) Why Difficult Decisions Need to be Made Source: 2014 Milwaukee County 5-Year Fiscal Projection (Municast); Office of the Comptroller

  10. 2015 Budget Listening Sessions August 13 & 14 Fiscal Challenges • State Law prohibits unrestricted fund balance • Implications: • No rainy day fund: any deficit carries over into next year • No ability to save for one-time investments • Rating agencies like reserves; impact on borrowing costs • 2012 surplus of $24 million = 2 % of operating costs • Debt Service Reserve balance: $21 million or less than 2% of operating costs • Waukesha County 16% unrestricted fund balance • Dane County 12% unrestricted fund balance • Would equate to $147-$200 million for Milwaukee County What About Those Surpluses?

  11. 2015 Budget Listening Sessions August 13 & 14 Fiscal Challenges • Infrastructure Issues • County Owns ~1,000 buildings across the county • 14 million square feet to maintain • Some space ill-suited for needs • 75% are 30+ years of age • Largest amount of square footage is 75+ years of age • $300+ million in deferred maintenance • Borrow to fix = debt service costs • Do we really need all this stuff? • Can we AFFORD all this stuff? Why Difficult Decisions Need to be Made

  12. 2015 Budget Listening Sessions August 13 & 14 Fiscal Challenges Issue More Debt? Issuing More Debt = Less Services or Higher Taxes

  13. 2015 Budget Listening Sessions August 13 & 14 2015 Budget Strategy • Long-term Fiscal Sustainability is a MUST • Tough Decisions Need to be Made • Service Debt • Data-based Decision-making is a Driver • Is it Mandated, a Priority or Nice-to-Have? • Why Should Property Tax Payers Fund This? • Do Others Provide this Service More Efficiently? • Are there Best Practices We Can Adopt? Guiding Principles

  14. 2015 Budget Listening Sessions August 13 & 14 2015 Budget Strategy • Programs for Those Most in Need • Efficiency & Productivity • Long-Term Cost Reduction & Cost Avoidance • Sustainable Budgetand Pay Off Debt • Opportunities for Shared Services • Challenge the Status Quo Key Focus Areas

  15. 2015 Budget Listening Sessions August 13 & 14 2015 Budget Calendar • Late September: Recommended Budget Presentation • October 6 – October 31: County Board Finance & Audit Committee Budget Hearings • Late October: County Board Public Hearing • Early November: County Board Budget Adoption Day Key Dates

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