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Talia Lomax-O’dneal Finance Director
April 26, 2017
FY2018 BUDGET PRESENTATION
Metropolitan Government of Nashville and Davidson County Department of Finance Mayor Megan Barry
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2 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
FY2017 – CURRENT YEAR STATUS
• Operating within overall budget allocations
• Meeting property and sales taxes revenue estimates
• Strong economy
• Maintaining bond rating
• Maintaining reserves
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3 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
FY2018 BUDGET INSTRUCTIONS
• No tax increase
• No reduction scenario
• Long term financial planning
• Public Investment Plans
• Collaboration and innovation
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4 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
MAYOR BARRY’S PRIORITIES
• Education
• Transportation and Infrastructure
• Affordable Housing/Homelessness
• Community and Economic Development
• Public Safety and Justice Initiatives
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5 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
RECOMMENDED BUDGET
$2,209,690,100
5.86% increase over FY2017
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6 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
TOTAL BUDGET GROWTH
1.40
1.60
1.80
2.00
2.20
2.40
FY14 FY15 FY16 FY17 FY18
1.81 1.89
1.97 2.09
2.21
Budget amounts taken from Substitute Budget Ordinances as approved by Metro Council
FY17 to FY18 = 5.86% growth
Amounts in billions
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7 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
WHERE THE MONEY COMES FROM
Property Taxes 46%
Local Option Sales Tax 19%
Grants & Contributions
19%
All Other Revenues 13%
Fund Balance Appropriated
3%
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8 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
TOTAL REVENUE GROWTH $119.1 MILLION
• Property Taxes - $49.2 million
• Local Option Sales Tax ‐ $25.0 million
• Grants and Contributions ‐ $26.6 million
• All Other ‐ $18.3 million
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9 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
BUDGETED REVENUE GROWTH BY FISCAL YEAR Amounts in millions
0
30
60
90
120
150
FY14 FY15 FY16 FY17 FY18
55.3 51.9
75.2
121.5 119.1
GSD/USD/MNPS General Funds
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10 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
PROPERTY TAX TRENDS
800
850
900
950
1,000
1,050
1,100
FY14 FY15 FY16 FY17Budget
FY18Budget
912
933 939 972
1,021
Amounts in millions
FY17 to FY18 = 5.07% growth
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11 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
MAJOR CITY/COUNTY FY2017 PROPERTY TAX RATES
$4.52 $5.07 $5.05
$7.77
$3.89 $3.51
$0.00
$2.00
$4.00
$6.00
$8.00
$10.00
Nashville*Davidson
Chattanooga*Hamilton
Knoxville*Knox
Memphis*Shelby
MurfreesboroRutherford
LebanonWilson
11
* Will have reappraisal in 2017
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12 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
PRELIMINARY CERTIFIED TAX RATE
12
GSD USD (additional rate)
COMBINED
Current Tax Rate $3.924 $0.592 $4.516
Preliminary Certified Tax Rate $2.753 $0.402 $3.155
Net Change $(1.171) $(0.190) $(1.361)
Lowest combined tax rate in the history of Metro Government (1984 @ $3.17)
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13 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
SALES TAX TRENDS
0
100
200
300
400
500
FY14 FY15 FY16 FY17Budget
FY18Budget
315 325 361
388 413
Amounts in millions
FY17 to FY18 = 6.45% growth
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14 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
RECOMMENDED USE OF FUND BALANCE
Fund Appropriated for use in FY18
Budget
Estimated June 30, 2018 Balance as a
Percent of FY18 Budget
OPERATING FUNDS:
GSD* General Fund $49,809,300 5.9%
USD** General Fund $0 5.5%
Schools Fund $19,059,900 5.7%
DEBT SERVICE FUNDS:
GSD* Debt Service Fund $900,000 5.3%
USD** Debt Service Fund $4,080,400 9.5%
Schools Debt Service Fund $1,400,000 5.8%
*GSD - General Services District **USD - Urban Services District
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15 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
BUDGETED FUND BALANCE
0
20
40
60
80
100
120
FY14 FY15 FY16 FY17 FY18
45.0
72.5 73.9 71.9 75.2
Amounts in millions
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16 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
WHERE THE MONEY GOES
General Government 12% Public Safety
21%
Other 2%
Health & Social Services
4%
Recreation & Culture 4%
Infrastructure & Transportation
5%
Education 40%
Debt Service 12%
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17 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
WHERE THE MONEY GOES $119.1 MILLION
• Debt Service - $40.6 million $29.2 million in normal operating debt service
$11.4 million in reserves for future debt service
• Schools - $36.0 million
• Compensation - $18.1 million (GSD/USD)
• Operations - $24.4 million*
* Net change
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SELECTED RECOMMENDATIONS BY PRIORITY AREA
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19 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
EMPLOYEE INVESTMENTS*
Total Pay Plan Increase - $18.1 million*
• Increments for eligible employees (effective increment date)
• 2% for open range increases (effective July 1)
• 2% COLA (effective July 1)
Metro Council/Vice Mayor Improvements
• $7,000 per member increase effective after the next election (as recommended by the Civil Service Commission)
*GSD/USD and subsidized accounts and internal service funds
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20 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
EMPLOYEE INVESTMENTS
Three Year Pay Plan Recommendation
Increments COLA Open Range FY2018 Y 2% 2% FY2019 Y 3% 3% FY2020 Y 3% 3%
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21 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
OTHER EMPLOYEE INVESTMENTS
• Health and Dental Benefits
• Paid Family Medical Leave
• Employee Financial Wellness Counselor
• Tuition Assistance Pilot
• Shift Differential Pay Increase of 10¢
• $100 Increase in Uniform Allowance for Police and Fire
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22 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
SCHOOLS
$879,299,700 Operating $94,371,300 Debt Service $36 million and 4.3% over FY17 $10 million and 11.8% over FY17
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23 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
SCHOOLS OPERATING BUDGET
$36 million
• Employee Compensation and Benefits - $16 million COLA, step increases, and benefits
• Other - $20 million
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24 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
SCHOOLS OPERATING & DEBT SERVICE
620.8 633.3 674.0 720.4 746.4 790.1 810.0 843.3 879.3
58.2 32.4 42.6
53.6 69.6 76.4 78.0 84.4 94.4
678.9 665.8 716.7 774.0 816.0 866.4 888.0 927.7 973.7
0
200
400
600
800
1000
1200
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
Operating Debt Service
Amounts in millions
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25 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
TRANSPORTATION & INFRASTRUCTURE
• MTA - $49 million
$7 million improvement
• Eliminates transfer fees, grant matching, local bus passes for residents experiencing homelessness, access ride and mobility on demand pilots including crosstown connections and after hours service, extension of the Music City Circuit to TSU campus along the Jefferson Street corridor to promote economic revitalization
• Public Works - $1.5 million
Annexation, roving trash truck, downtown glass recycling, contractual increases
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26 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
METRO TRANSIT AUTHORITY SUBSIDY Amounts in millions
0
10
20
30
40
50
60
FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18
17.5 19.1 23.0 26.3
29.4 33.4 36.4
40.0 42.0
49.0
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27 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
AFFORDABLE HOUSING & HOMELESSNESS
• Barnes Fund - $10 million (continuing commitment)
• Housing Incentive Pilot Program - $2 million
• Veterans Affairs Supportive Housing Pilot - $165,000
• Social Services - $404,000 Outreach workers, warming shelter, direct assistance, indigent burials
• Local Bus Passes for Residents Experiencing Homelessness - $225,000
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28 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
COMMUNITY SUPPORT & ECONOMIC DEVELOPMENT
• Arts - $500,000
• Parks - $1 million
• Codes - $1 million
• Historic Preservation Trust Fund - $250,000 • Public Health - $334,000
• Create Conservation Assistance Commission
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29 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
PUBLIC SAFETY
• Fire - $1.9 million Full funding for EMS Medic units started in FY17
New fire recruits and inspectors (14 FTEs)
• Police - $4.0 million 70 new officers due to Nashville’s growth
• 48 for precincts
• 22 for community policing
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30 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
JUSTICE SYSTEM ENHANCEMENTS
• Steering Clear - A drivers’ license diversion program
• Veterans’ Treatment Court
• Drug Treatment Court
• Mental Health Court
• Social Workers
• Investigators
• Domestic Violence Support
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31 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
HOSPITALS
• General Hospital - $35 million
• Bordeaux Nursing Home - $3.5 million Funds contract with Signature
• Knowles Assisted Living Facility - $1 million Funds contract with Anthem Care
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32 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
GENERAL HOSPITAL SUBSIDY
34.9 33.5 32.1 32.7 32.7 36.1 33.4 27.7 29.5 34.5
10.0
16.0
31.1
0
10
20
30
40
50
60
70
FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17*
Original Budget Non-Recurring Supplemental Non-recurring, Non-cash write-off
32
Excludes Bordeaux and Knowles Amounts in millions
*$500,000 of the $35 million subsidy was paid to Signature for prior year losses at Bordeaux
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33 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
GENERAL HOSPITAL SUBSIDY • Hospital Authority Board expressed commitment to stabilize financial position:
Timely bill and collect insurance payments for services
Strategically market NGH to increase patient volumes
Improve insurance payer mix to increase revenues
Pursue additional revenue sources
Reduce labor costs through productivity tied to patient volumes
Reduce supply and other costs through discounts and renegotiation
Analyze financial impact of all services
• Ongoing Metro financial commitment and Hospital Authority Board financial oversight commitment should result in financially
sustainable safety net hospital for citizens
33
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34 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
ANNUAL DEBT REPORT
As required by BL2014-696, the Annual Debt Report will be emailed to Metro Council members today
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35 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
HISTORICAL ANNUAL DEBT SERVICE REQUIREMENT 2014 – 2018*
11.46% 11.77% 11.27% 11.52% 12.72%
-
50,000,000
100,000,000
150,000,000
200,000,000
250,000,000
300,000,000
2014 2015 2016 2017 2018
GSD Schools USD Total Debt Service as % of Budget
*Restated to be consistent with reporting requirements and to reflect total debt service expenditures (updated 5/10/17)
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36 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
GENERAL OBLIGATION PRINCIPAL AND INTEREST
36
0
50
100
150
200
250
300
FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
232 258 267 267 267 263 264 267 258
Principal Interest
Amounts in millions
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37 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
MEETING DEBT SERVICE REQUIREMENTS
Adding $11.4 million to GSD debt service reserve to meet FY2019 estimated need for principal and interest
Total Debt Service Increase is $40.6 million
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38 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
CAPITAL SPENDING PLAN
Planned Filing – May 15th with
Capital Improvements Budget Ordinance
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39 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
CAPITAL SPENDING PLANS (A LOOK BACK)
404.6
210.0 310.7
205.0 165.0
389.0 325.0
156.2
40.0
0.0
97.0
95.0 110.0
131.0 150.0
560.8 250.0 0.0 407.7 300.0 275.0 520.0 475.0
0
100
200
300
400
500
600
FY10 FY11 FY12 FY13* FY14 FY15 FY16 FY17
General Government MNPS
*FY13 had two Capital Spending Plans
Amounts in millions
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40 Metropolitan Government of Nashville and Davidson County Mayor Megan Barry
LEGISLATION TO TRACK WITH BUDGET
• Operating Budget Ordinance • Certified Tax Rate Resolution • Tax Levy Ordinance • Urban Council Resolution • Pay Plan Resolutions - to be filed after Civil Service Approval, mid-May
• Longevity Resolution - to be filed after Civil Service Approval, mid-May
• Property Tax Relief Ordinance • Create Historic Preservation Trust Fund Ordinance • Create Conservation Assistance Commission Ordinance • Animal Control fee increase Resolution
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FOR MORE INFORMATION VISIT THE CITIZENS’ GUIDE TO THE METRO BUDGET
www.nashville.gov/citizens_budget