COVID-19 Financial Impact
FY 2020 General Revenue Update Projected $2.4M Shortfall General Revenue Source Real Property Tax Personal Property Tax
Adopted
Q1 Revised
$694.1 M $694.1 M
Q2 Revised
Q3 Prelim
% Change (Adopted)
$694.4 M
$694.4 M
0.05%
207.2 M
207.2 M
211.9 M
212.1 M
2.36%
Sales Tax
68.2 M
68.2 M
71.4 M
66.8 M
‐2.02%
BPOL Tax
28.0 M
28.0 M
27.6 M
25.0 M
‐10.71%
Communications Sales Tax
15.5 M
15.5 M
14.9 M
14.9 M
‐3.87%
Consumer Utility Tax
14.6 M
14.6 M
14.6 M
14.6 M
0.0%
Investment Income
13.9 M
13.9 M
11.2 M
11.0 M
‐21.09%
All Other
12.2 M
12.2 M
13.4 M
12.8 M
4.88%
Vehicle License Fee
9.4 M
9.4 M
9.4 M
9.0 M
‐4.26%
Recordation Tax
7.9 M
7.9 M
8.5 M
8.5 M
7.59%
$1,069 M $1,069 M
$1,075 M
$1,067 M
+5.7 M
‐2.4M
TOTAL
= Proposed FY2021 Budget Update
2
FY2020 Actions to Address COVID-19/Projected Revenue Shortfall • FY2020 Financial Goals • Conserve cash • Maintain reserves – no drawdown at year-end
• Hiring Freeze • Spending focused on core services • Suspend capital projects not under contract • Continue projects funded by non-local sources (Transportation) • No new capital projects
Proposed FY2021 Budget Update
3
Proposed FY2021 Budget Update March 31, 2020
Proposed FY2021 Budget Summary Presented February 18, 2020
Tax Rates & Fees $1.145 Real Estate ($242 avg. increase) $0.08 Fire Levy ($12 avg. increase) $1.30 Computer & Peripheral $0.0025 Mosquito & Forest Pest Levy Flat Solid Waste & Stormwater Fees
Education
Safe & Secure Community
$38.7M or 6.4% School Transfer Increase
Police Staffing Plan
2.8% Step Increase plus 2.0% COLA
ADC Operating
953 Additional Students Projected Start-up Costs for 13th HS & Potomac Shores MS
Station 22 Engine Staffing Sheriff Staffing Plan Courts Staffing Plan Public Defender 15% Salary Supplement EMS Fee Increase
Other Community Investments Robust Economy Investment Mobility Referendum Design CSA Private Day School Placements Presidential Election 3.0% Community Partners Increase 3.0% Employee Compensation Class & Comp. Phase II
Proposed FY2021 Budget Update
5
Proposed FY2021 Budget General Revenue Update FY2021 Proposed Revised $735,783 219,530 65,130 14,700 14,530 24,375 8,050 27,364 $1,109,462
Amounts in thouands (,000s) Real Estate Taxes ($1.145) Personal Property Taxes Sales Taxes Consumer Utility Tax Communications Sales Tax BPOL Tax Investment Income All Other Total General Revenue
FY2021 Proposed 2/18/20 $743,946 221,060 73,949 14,700 14,530 28,430 11,030 29,781 $1,137,426
Recordation Tax General Revenue Shared with Schools
8,670 7,800 (870) $1,128,756 $1,101,662 ($27,094)
Schools County Recordation Transportation Total General Revenue
$645,987 $630,481 ($15,506) 485,009 473,191 (11,818) 6,430 5,790 (640) $1,137,426 $1,109,462 ($27,964)
Proposed FY2021 Budget Update
Difference ($8,163) (1,530) (8,819) ‐ ‐ (4,055) (2,980) (2,417) ($27,964)
6
Proposed FY2021 Budget Agency Revenue Update • Library
($1.0M)
• Shared services agreement • Revenue from Commonwealth
• Transient Occupancy Tax - Tourism
($0.8M)
• 60% of revenue collected mandated for tourism • Supports Parks, Recreation & Tourism
• Outstanding Issues • Parks & Recreation summer program? • General District Court fines & forfeitures
($2.5-$3.0M) ($0.3M)
• Federal economic stimulus • State budget Proposed FY2021 Budget Update
7
Proposed FY2021 Budget Update Summary of Revenue Impacts
Revenue Change from Proposed General Revenue Update at $1.145
Schools Impact
County Impact
FY2021 Total
($15.5)
($11.8)
($27.3)
Library Shared Services
0.0
(1.0)
(1.0)
Transient Occupancy Tax (Tourism)
0.0
(0.8)
(0.8)
Recordation Tax for Transportation
0.0
(0.7)
(0.7)
234 Bypass Transportation District
0.0
0.1
0.1
($15.5)
($14.2)
($29.7)
Total (in millions)
Proposed FY2021 Budget Update
8
County Impact of Revenue Reduction (in millions) County Revenue Impact
($14.2)
Reductions: Compensation ‐ 3% pay for performance Other compensation adjustments Police staffing plan Prince William Fire & Rescue System staffing Courts staffing plan Sheriff staffing plan Workplace safety staffing TRIP (recordation tax revenue decrease) Parks, Recreation & Tourism field maintenance Total Reductions
($7.1) (4.2) (2.7) (2.3) (0.5) (0.4) (0.3) (0.4) (0.1) ($18.0)
Addition: Public Health ‐ salary supplement for nurses Total Addition
$0.4 $0.4
Net Change Added to Contingency
$3.4
Proposed FY2021 Budget Update
9
Future Considerations • Contingency Budget
$4.9M
• Provides for unanticipated increases in service delivery costs • Increases from $1.5M to $4.9M in proposed budget • COVID-19 response & recovery • Only BOCS can authorize use of contingency
• Five-Year Fiscal Plan • COVID-19 duration & long-term impact unknown • Revenue projections beyond FY21 unstable
Proposed FY2021 Budget Update
10
Unfunded Services & Revenue Options
Wellbeing Unfunded Requests March 10 Budget Work Session • Community Services Service
State
Local
Total
Intellectual Disabilities
$360K
$190K
$550K
Early Intervention
$210K
$220K
$430K
$0K
$429K
$429K
$120K
$88K
$208K
Administrative Services
$0K
$404K
$404K
Adult Substance Abuse
$60K
$123K
$183K
Adult Mental Health
$60K
$123K
$183K
Same Day Access
$24K
$159K
$183K
Emergency Services
$0K
$400k
$400K
Intellectual Disabilities Contractual Support
$0K
$788K
$788K
Youth, Adult, and Families Division
$0K
$253K
$253K
$834K
$3,177K
$4,011K
Local
Total
Peer Outreach/SOR New Horizons
Total
• Social Services
Service
Homeless Prevention Contract Support
State -
$500K
$500K
Protective Services (CPS/APS) After-hours Team
$241K
$175K
$416K
BECC Staffing Plan
$311K
$225K
$536K
Total
$552K
$900K
$1,452K
Proposed FY2021 Budget Update
12
Advertised Revenue Options • Computer & peripherals business tangible • Advertised tax rate: $1.35 • $0.8M (each $0.05) additional revenue
• Motor vehicle license tax • Advertised tax rates • $33 automobiles & trucks • $20 motorcycles
• $3.5M additional revenue
Proposed FY2021 Budget Update
13
Remaining Budget Calendar • Budget Recap (afternoon)
April 14
• Budget Public Hearing (evening, required)
April 14 April 16
• Budget Markup (evening)
April 21
• Budget Adoption (evening)
April 28
Proposed FY2021 Budget Update
14