[00:00:01]
AND, AND THAT'S GONNA GET US THE STEP WE WANTED TO GET IN THE FM 96 RELOCATION PROJECT.SO THAT PROJECT, UH, DOESN'T NEED ITS OWN INDEPENDENT ENGINEERING FIRM RIGHT NOW BECAUSE WE'VE GOTTA GO WORK ON RIGHT AWAY FOR A WHILE.
SO, UH, PART OF THE PROPOSAL IS TO TAKE THAT $1 MILLION AND SHIFT IT IN A 40 NORTH PROJECT BEFORE WE GET THE FINANCIAL ADVISOR.
AND Y'ALL HAVE OTHER QUESTION FOR ANY OF THESE THREE GENTLEMEN, DON'T, MAY HAVE OTHER THINGS POP UP, UH, TOM, UH, POLL IF YOU COME UP.
AND, AND THEN WE ALSO HAVE, UH, I BELIEVE, UH, SORRY, GEORGE, COME UP.
UH, I DUNNO WHICH ONE OF YOU TWO NEED TO GO FIRST.
UH, BUT I'LL LET YOU GET DETERMINATE.
UH, TOM POLL IS WITH OUR BASE, OUR BOND ATTORNEY THAT YOU REMEMBERED BEFORE THE PUT TOGETHER PAGE.
AND THEN GEORGE WILFORD, A LONGTIME, UH, COUNTY FINANCIAL ADVISOR, FIRST SOUTHWEST.
UH, THEY HAVE BEEN MADE AWARE OF THE REQUEST FROM THE TWO COMMUNITIES AND I'VE ASKED THEM TO COME AND GIVE US THEIR, THEIR WISDOM AND THEIR THINKING.
MAKE SURE WE DON'T DO ANYTHING ILLEGAL FOR ONE, ONE THING.
AND THEN WHAT WE CAN DO, WHAT WE CAN DO.
I'M FIRST SUGGEST THAT GEORGE CAN GO OVER AND SHOW WHAT THE SCOPE OF THE REIMBURSEMENT THANK JUDGE, UH, FOR THE RECORD COMPANY.
AND JUDGE WOOD HAD ASKED, UH, LAST WEEK IF I COULD BRING THE, UH, DEBT STRUCTURE, THE MODEL THAT WAS, UH, CREATED WITH REGARD TO THE, UH, BOND PROGRAM FROM THE OUTSET OF 56 MILLION IN TOTAL.
JUST TO CLARIFY SOMETHING A BIT AGO THAT SAID, WE'RE NOT TAKING ANY KIND OF ADVOCACY POSITION, WHAT THE STRUCTURE, UH, WAS CREATED AND, AND UH, BUILT AROUND.
AND THEN, UH, THE COURT CAN, UH, MAKE DETERMINATIONS ACCORDINGLY.
WHAT YOU'LL SEE HERE, THIS SPREADS OF $56 MILLION INTO THREE SEPARATE ISSUANCE, 30 MILLION OCCURRING IN THOUSAND AND 8 MILLION TO OCCUR IN 2016 AS IT WAS PROJECTED.
AND WHAT I THIS MORNING WAS THAT THAT TIMING MAY FACT BE SUBJECT TO, UH, CHANGE AS IT STANDS IN THAT 21 MILLION MOVES TO INSTEAD.
AND, AND SO MAYBE ALL OF IT ACCELERATED THE 2016 ISSUES.
AND WHAT THAT DOES IS PUT A LITTLE BIT MORE PRESSURE FROM THE STANDPOINT COST AND SO ON, ON THE OVERALL PROGRAM VERSUS WHAT YOU'LL NOTICE HANDED OUT TAXABLE VALUE PROJECTIONS.
EVERYTHING WAS BASED ON, IN, UH, BEING CONSERVATIVE AS ALWAYS TRY TO BE.
WE DID ASSUME AN ONGOING 1% ANNUAL GROWTH IN TAX, 2% MINUTE.
WHAT THAT DOES OR DOESN'T NECESSARILY IMPACT, THE REASON THAT'S SO CONSERVATIVE IS THE COUNTY ACTUALLY LOST VALUE THREE YEARS FROM 2008 AND ONLY LAST YEAR BY SOME EXTENT IN THE SO BACK ABOUT WHERE YOU WERE TAX PROVIDING, UH, MOVING ACROSS THIS, UH, MODEL G AND H ARE REALLY WHAT CRITICAL DEBT, UH, SERVICE OF THE COUNTY, UH, INCLUDING THE TRANSPORTATION
[00:05:05]
AND TAX TAXABLE VALUES.AND WHAT'S REALLY KEY, PROBABLY WHAT'S BEING CONSIDERED TODAY IS CAUGHT ON MINE BACK IN 2013 BASED ON INFORMATION FROM NICK TO THREE PROJECTS.
UH, WE, UH, ASSUMED THAT 20 YEAR RECEIPT FOR EACH OF THOSE PASS THROUGH, UH, PAYMENTS.
AND YOU'LL SEE THAT IN COLUMN I AND IT WAS ASSUMED THAT, THAT THE INITIAL ONE WAS COMMENCE IN 2,005,000.
AND THEN THE OTHERS, UH, KICKED IN IN THE BULK OF THE YEARS ABOUT FOR YEAR BEING RECEIVED THE COUNTY AND, AND THEN MOVE ALL THE WAY OVER COLUMN K, THE TAX RATE REQUIRED AFTER THOSE PAYMENTS.
BOTTOM LINE, REGARDLESS OF WHATEVER THE VALUE IS, UH, WHETHER IT'S PERCENT 2% ANNUAL GROWTH, UH, THE ANNUAL PAYMENTS CAPACITY PAYMENTS AS ARE SHOWN HERE, EQUATE TO ON THIS SHEET ABOUT SEVEN 10TH ANY TAX RATE, HIGHER VALUE GROWTH, 26 7 TAX.
UH, IF THOSE PAYMENTS ARE DIFFERENT, SHORTER PERIOD OR THEY DON'T KICK IN, UH, OR WHATEVER, IT'S STILL A MATTER OF IT'S MONIES THAT ESSENTIALLY, UH, RELIEF TAX REQUIRED TAX, THE BASIS FOR EVERYTHING.
ANYBODY HAVE QUESTIONS? PARDON? ANY QUESTIONS? OKAY.
YEAH, IT'S NOT, IT'S NOT NONE STONE AND YOU ASSUME STONE, THE QUESTION IS JUST PAID BACK.
'CAUSE YOU'VE GOT THE PAYMENTS IN THE PASSING TO PROGRAM ARE GOVERNED YOU A MINIMUM BASE AND THE TRAFFIC COUNT IS OVER THAT THEN THE PAYMENTS CAN COME BACK, COME UP FASTER.
THE, YOU'RE GUARANTEED THE MINIMUM AMOUNT BASED ON THAT TICKET TO THE TOTAL.
IF THE TRAFFIC COUNTS HIGHER, YOU'RE NOT GETTING MORE MONEY.
SO THAT, I THINK THAT'S WHAT'S HAPPENED.
I THINK THEY'RE BEING PAID BACK WELL.
SO THIS $56 MILLION BOND WITHOUT PASSED PAYMENTS IS COSTING THE COUNTY HUNDRED 18,035,000.
IS THAT CORRECT? THAT WELL, THAT INCLUDE THE OTHER DEBT TRANSPORTATION PROGRAM THAT WOULD BE ADDED TOGETHER.
AND THAT'S BASED ON THE TIMING ISSUANCE ALSO, WE'RE ASSUMING HIGHER INTEREST RATES, THE ONES THAT, AND THEN THE PASS THROUGH AMOUNT COLUMN STATE THAT 10.3 MILLION IS AMOUNT IN TOTAL SUBJECT ALL PROVIDED BACK.
WILL SEVEN MONIES HELP NOT WORK? THIS IS WHAT YOU'VE GOT IS
[00:10:06]
SEVEN EVERYBODY.DO YOU WANNA SAY SOMETHING ABOUT THAT JOHN? UH, THE PROP SEVEN MONEY WOULD, WOULD NOT HAVE ANYTHING TO DO WITH THIS DEBT.
IT WOULD ALLOW US TO DO MORE PROJECTS AND, AND RELOCATE OUR MONEY ALLOCATED TO THESE PROJECTS.
AND JUST THE ONLY POINT I PUT ON THIS, WHEN YOU'RE TALKING ABOUT IMPACT, REMEMBER 1 75, I WAS LOOKING AT THAT WHILE I WAS OVER HERE.
1 75, SAY ONE 70 BURN, YOU'RE PUTTING IN 2.1 MILLION IN BOND, RIGHT? IT'S ALREADY FUNDED AT 9.2.
SO WHEN YOU'RE CALCULATING TAX RATE, YOU'RE WORRIED ABOUT WHATEVER THE MONEY GOES FOR AS FAR AS HOW YOU PAY THE STUFF.
THESE GUYS ARE RIGHT THAT, UH, YOU GOT A SET AMOUNT OF MONEY AND YOU'RE GONNA PAY WHAT YOU AGREE TO PAY FOR THAT.
AND WHETHER YOU GET ADDITIONAL PROCEEDS FROM PASTOR OR NOT, YOU STILL OWE THAT, THAT TYPE OF MONEY.
ONLY THING I WOULD WANT YOU TO KEEP IN MIND IS THE OTHER SIDE OF THE LEDGER IS THAT WHEN YOU SPEND A DOLLAR, WHEN I SPEND $1, I'M GOING TO TURN IT INTO EIGHT.
AND THAT'S, THAT'S THE ONLY THING WE'RE TALKING ABOUT.
THAT'S HOW PROP SEVEN HELPS US TAKE YOUR 56 MILLION BOND PACKAGE AND BUILD $300 MILLION WORTH OF ROOF.
SO EVEN THE COST YOU 90 $900 MILLION FOR THAT DEBT, YOU'RE STILL GETTING TWO TIMES THAT PLAN WE'VE GOT ON PAPER.
I THINK THE QUESTION FOR THE, TO REMEMBER WHEN YOU GOT INTO THIS PACKAGE, THE TOTAL PACKAGE OF THE BONDS ISSUED ARE NOT JUST FOR THOSE THINGS THAT YOU PARTNERED WITH THE CITIES ON PASSING TOTALS.
YOU HAD VARIOUS PROJECTS INCLUDING THE OUTSIDE OF IT AND INCLUDING EACH COMMISSIONER, THEY'VE GOT A PIECE OF THIS PACKAGE FOR THEIR OWN USE AND THEIR OWN PRECINCTS.
SO WHAT YOU'VE GOT NOW IS YOU'VE ISSUED SO MUCH IS GENERAL THE PAST THE TED TAX ROAD BONDS AND YOU'RE STUCK WITH HAVING TO MAKE FALSE PAYMENTS.
AND YOU DECIDED ON THAT PACKAGE, YOU LOOKED AT THIS, OKAY, WE'RE GOING THIS AND WITH THESE AND AS A PUTTING OUR MONEY WITH THEIRS, THEN IT'LL JOIN IN THEIR PASSING TO PROJECT.
SO WE WOULD GET THE PERCENTAGE OF OUR CONTRIBUTION TO THAT PAID BACK TO US WHEN THEY GET PAID THE STATE.
AND THAT WOULD GO YOUR OVERALL.
SO TO THE EXTENT YOU DO NOT USE THAT CAPACITY TOTAL REVENUE TO REDUCE THE DEBT SERVICE FOR ALL OF THE PEOPLE IN THE COUNTY, YOU'RE SAYING, OKAY, THESE CITIES, WE'RE GONNA LET YOU HAVE ADDITIONAL MONEY.
YOUR PROJECT WILL BE TAXING ALL OF THE RESIDENTS IN THE CITY FLORIDA.
AND THAT MAY BE EXACTLY WHAT YOU WANNA DO THOSE PROJECTS.
BUT UH, BUT ALSO SAY IS I'M NOT GOING TO USE THAT MONEY TO REDUCE THE DEBT SERVICE.
CAN I USE THAT MONEY FOR ANYTHING ELSE? IF YOU HAVE NEEDS IN YOUR OWN PRECINCTS THAT MONEY CAME IN, DEBT SERVICE PAYMENTS ON YOUR TOTAL ROAD BONDS OUT THERE OUTSTANDING AND MAKE BUDGET TAX FOR THAT.
AND THEN YOU CAN UTILIZE THOSE FUNDS THAT YOU DID IN THE PAST TOS INTO THESE PROJECTS THAT YOU MIGHT HAVE PRECINCT.
BUT AGAIN, THAT IS A COMMISSIONER'S COURT FUNCTION.
THE THING IS YOU CAN'T DO TO JUST GO IN AND FORGIVE AND SAY, HEY, WE DON'T WANT ANY MONEY COMING BACK.
YOU CAN KEEP THE CITIES, THE DOCUMENTS I HAVE SEEN JUST ELIMINATE THEIR OBLIGATION TO PASS THROUGH.
YOU'VE GOT A CONTRACT RIGHT NOW WHERE YOU PUTTING OUT COUNTY FUNDS INTO THESE PROJECTS AND IN RETURN YOU CONTRACT TO GOT THESE PAYMENTS COMING BACK TO THE EXTENT YOU WANT TO LET THESE CITIES HAVE THAT YOU CAN'T
[00:15:01]
JUST SAY WE'RE NOT, WE JUST STRIKE PER DIVISION PAYING BACK.YOU HAVE GOT TO DETERMINE THAT EACH DOLLAR.
BUT YOU GONNA LET THOSE CITIES HAVE HAVE A COUNTY BENEFIT AND YOU'VE GOT TO UNDERSTAND THAT BENEFIT AND THAT SHOULD BE PUT INTO WHATEVER THE CONTRACT THOSE AND THAT WOULD BE SOMETHING THAT'S, BUT YOU'VE GOT THE WHOLE GAMUT TO DECIDE WHAT YOU WANNA DO WITH.
AND IT'S NOT, I DON'T CARE WHICH ONE YOU DO, YOU'RE HAVING TO LOOK COUNTY WHOLE AND EACH OF PRECINCT IN THE PRECINCT ABOUT WHAT'S BEST FOR EVERYBODY.
AND THEN YOU MAKE THAT DECISION AND THEN YOU DO THAT.
YOU COULD, YOU MAY GIVE EVERYTHING BACK TO THESE SEATS.
YOU MAY KEEP A PIECE OF IT OR YOU MAY SAY, NO, WE WANT TO SAY WHAT YOU DID ORIGINALLY.
THE, UH, HAVE PACKAGE REDUCE THE AMOUNT DEBT SERVICE PAYMENTS OF THE ALL COUNTY.
AGAIN, THAT IS A QUESTION FOR THE COMMISSIONER'S COURT AS A WHOLE.
IT'S NOT A QUESTION FROM ME'S A QUESTION FOR FINANCIAL ADVISOR.
YOUR OPTIONS TELL YOU, YOU CAN'T JUST GIVE, WANNA CHECK TO THE CITY, GO DO WHATEVER YOU WANT WITH IT.
YOU'VE GOT FIND THE COUNTY PROJECT AND SAID THESE ARE WHAT WE'RE DOING, WHICH YOU'VE GOT BENEFIT USE YOUR BARN PROGRAM FOR THAT PURPOSE.
SO THAT'S, I UNDERSTAND ON THAT YOU DID SAY THAT COURT CHOSE TO, UH, NOT DO ALL THE PAD THROUGH PORTION.
THAT'S TOTALLY UP TO THE COURT.
AND, UH, THE MONEY NOW DOES IT FLOW TO THE CITIES THE MOST? THE PAY US, THE CITIES HAVE THE PASS TO CONTRACT WITH STATE AS A RESULT AS THEIR PROJECTS COMPLETE AND WE PUT THESE VEHICLES PASSING ON THESE CAN, THAT THE STATE WILL MAKE THOSE PAYMENTS AND YOUR CONTRACT WITH EACH OF THE CITIES IS THAT THEY WILL PAY YOU THE PERCENTAGE OF YOUR DOLLARS FROM THE BOND PROJECT THAT YOU PUT IN THERE, THAT PERCENTAGE OF THE REIMBURSEMENT WOULD COME BACK TO YOU.
I THOUGHT THAT WAS A CASE I WANTED TO CLARIFY THAT.
JUDGE, COULD I, CAN I JUST ADDRESS THE CONTRACT PART? EVERYTHING YOU SAID IS CORRECT ABOUT JUST KEEP GOING BLANK CHECK.
BUT IF YOU'RE LOCAL OR WE DRAFTED TO INITIALLY WE'VE IDENTIFIED WHERE THOSE MONIES WOULD GO TO SPECIFICALLY WE'VE AMENDED THE CONTRACT TO TERMINATE THE PASTOR.
TOLLING IS AMENDED TO SCHEDULE C.
IT SHOWS WHERE THOSE MONIES WILL BE, UH, ALLOCATED TO.
AND THEY'RE ALL PROJECTS THAT ARE ON THEON PACKET THAT HAVE BEEN APPROVED BY THE, SO IT'S IT'S NOT A CLAIM CHECK.
IT IS WE'RE FOLLOWING THE TRIED AND TRUE LEGAL PROCESS WHERE YOU HAVE AN INTERLOCAL AMENDMENT AND WE'RE AMENDING ONLY THOSE SECTIONS OF THAT CHANGED FROM THE PREVIOUS, UH, INITIAL INTER COOPERATIVE AGREEMENT.
SO WE ALSO HAVE A REQUIREMENT THAT PART OF IT IS REQUIRED.
AND THOSE DOLLARS ARE NOT AVAILABLE, MOVE TO THEM UNTIL THE COURT ISSUES THOSE DEBTS.
AND THE COURT AT THEIR SOLE DISCRETION IS WHAT OFFICE SAYS WILL MAKE THAT DETERMINATION ON THE AMOUNT AND THE TIMING.
SO THEY'RE AT RISK ON THE SECOND PHASE, NOT THE COUNTY.
IT'S A VERY, I DON'T KNOW IF YOU MS. LONG WAS HERE, HE'LL TELL YOU, AND MAYBE YOU'VE SEEN THESE CONTRACTS, YOU'RE IN THE LOCAL WITH YOUR CITY, ARE VERY STRONGLY BENEFITING TO THE COUNTY, GIVE ALL THE AUTHORITY.
AND IT SAYS, THERE'S ALSO A PARAGRAPH THAT SAYS THAT THE CITY CAN COME BACK TO THE COUNTY AFTER THIS.
I LOCAL HAS PASSED TO MAKE A REQUEST TO CHANGE WHERE THOSE PROCEEDS WILL GO TO AND IT HAS TO INITIALLY GET THE APPROVAL OF THE COMMISSIONER AND THEN ULTIMATELY THE COMMISSIONER'S COURT.
SO WE PUT UP THE SUSPENDERS IN THERE.
THERE'S SOME S FOR SURE, BECAUSE THE REASON WE DID THAT IS BECAUSE 27 YEARS OF DOING THIS, I'VE HAD DEER LOCALS THAT WENT FOR NINE YEARS OR 12 SUPPLEMENTALS TO IT.
I MEAN, YOU NEVER GET THINGS RIGHT THE FIRST TIME BECAUSE, YOU KNOW, THINGS CHANGE.
I, AND, AND I JUST WANT TO BE REALLY CLEAR ABOUT SOMETHING, THE EXACT PROCESS YOU JUST SAID, WHERE THE CITY OF TARRELL
[00:20:01]
IS TIED DOWN TO ONLY BE ABLE TO USE THE MONEY ON THE FM 1 48 NORTH PROJECT.THAT'S EXACTLY WHAT WE DID IN THE PROPOSED AMENDMENTS.
WE, WE, YOU KNOW, WE USE THE SAME ATTORNEYS AND THE SAME, UH, FINANCIAL ADVISORS.
WE SAID, WE'RE GONNA GUARANTEE THAT WE'LL ONLY SPEND THE MONEY ON THE FM 1 48 NORTH PROJECT.
THAT'S EXACTLY WHAT THE DRAFTED IN THE LOCAL, UH, DOES.
UH, WE ESTIMATED THE AMOUNT THAT WE BILL TO BORROW AGAINST THAT MONEY.
WE ADDED SOME, THE BORROWING CAPACITY TO IT AND WE SAID, OKAY, WE HAD ZERO COMMITMENT FROM THE CITY OF LL THAT PARTICULAR PROJECT.
NOW WE'RE GONNA INCREASE IT TO ABOUT $5 MILLION BECAUSE THAT'S, UH, JUST UNDER 5 MILLION BECAUSE THAT'S THE BORROWING CAPACITY GENERATE OFF OF IT.
SO WE'RE ONLY COMMITTING TO EXACTLY WHAT YOU JUST ADVISED THAT WE WOULD ONLY BUILD THE F 48 NORTH PROJECT, UH, IF THIS AMENDMENT GOES THROUGH.
I TO BE REALLY CLEAR ON THAT, THE OTHER THING I WOULD ASK YOU TO CONSIDER AS YOU'RE MULLING THIS OVER IS YOU TALKING ABOUT TAX RATE IMPACTS.
WE DIDN'T ASK YOU, WE WOULDN'T HAVE ASKED YOU THE QUESTION THAT WOULD'VE IMPACTED YOUR TAXPAYERS.
OKAY? THE THING WE COULD HAVE ASKED YOU TO IMPACT YOUR TAXPAYER WAS PLEASE ISSUE THAT DEBT IMMEDIATELY.
OKAY? YOU AND I BOTH KNOW THAT WHEN YOU ISSUE THE NEXT ROUND OF DEBT IS SOLELY AT YOUR DISCRETION.
AND WHEN YOU DO IT, YOU'RE GONNA DO IT BASED ON MAKING SURE THAT YOU DON'T IMPACT YOUR COUNTY TAXPAYERS OR THAT YOU MINIMIZE THE IMPACT ON YOUR COUNTY TAXPAYERS.
SO WE DID NOT COME TO YOU AND SAY ISSUE ON THIS DATE.
WE'RE GONNA BE DONE WITH THE ENGINEERING AND READY TO BUILD THAT PROJECT THIS SUMMER.
WE WANT TO BE ABLE TO BUILD A PROJECT THIS SUMMER.
RIGHT NOW, THE VAST MAJORITY OF THE COUNTY COMMITMENT IS IN YOUR NEXT ISSUANCE.
OKAY? YOU'VE GOT ABOUT TWO THIRDS OF YOUR COMMITMENT ON THIS PROJECT IN YOUR NEXT BOND ISSUANCE.
AS JOHN DESCRIBED, WHAT HE SAID WAS, WHENEVER YOU ISSUE IT, WE'LL BE HAPPY WITH IT.
OKAY? IT WON'T MATTER TO US WHEN YOU ISSUE, JUST GIVE US A COMMITMENT.
THEN WHEN YOU DO, YOU'LL MAKE IT ON THE COMMITMENT TO THE CITY OF TAROT THAT TAKES THE TAX PRESSURE OFF OF YOU AND PUTS THE TAX PRESSURE ON THE CITY OF TAROT.
OKAY? SO YOU CAN LOOK AT, WELL, WHEN DO WE DO OUR NEXT ISSUANCE? THAT'S YOUR POLICY DISPUTE.
WHEN DO WE, OUR NEXT ISSUANCE AND HOW MUCH TAX IMPACT WILL THERE BE IN OUR IANS WE DID NOT ASK YOU TO CHANGE THE TIMING OF THAT DECISION.
WE SAID WE'LL TAKE THE RISK FOR HOWEVER LONG IT TAKES YOU TO BE COMFORTABLE WITH YOUR IMPACT ON YOUR TAXPAYERS.
WE'LL BUILD THE PROJECT NOW AND WHENEVER YOU GET TO THAT COMFORT LEVEL FOR YOUR TAXPAYERS, YOU JUST MAKE GOOD ON YOUR SIDE OF THE COMMITTEE.
OKAY? SO I BE REALLY CLEAR ABOUT THOSE TYPE OF ELEMENTS.
NO, DON'T ANYTHING ELSE SAY WE, UH, HAVE DISCUSS A QUESTION BEFORE WE MOVE ON.
I DON'T THINK WE'RE GONNA BE PREPARED TO, UH, TAKE ANY ACTION RIGHT? UNTIL AFTER THE EXECUTIVE SESSION.
WELL, THANK YOU VERY MUCH AND APPRECIATE, APPRECIATE YOU BEING HERE.
UH, BEFORE WE TAKE A BREAK AND GO INTO THE EXECUTIVE SESSION, UH, LET'S GO AHEAD AND, UH, LOOK AT NUMBER 12 AND THAT'S THE DISCUSSION AND UPDATE ON LOCAL SALES AND TAX OPTIONS.
AND I BELIEVE WE HAVE DAVID INFORMATION FOR YOU.
AND, UH, WE HAVE TWO PEOPLE THAT HAVE SIGNED UP, UH, THAT WOULD LIKE TO ADDRESS THE COURT ON THIS ITEM.
MICROPHONE FIRST AND FIRST WOULD BE MR. LARRY, YOU'D LIKE TO COME FORWARD WITH LARRY AND TALK 12.
AND WE HAVE JOHN COOK AND HE'S ALSO HERE TALK.
THANK YOU VERY MUCH FOR LETTING AWARE.
UH, I WOULD LIKE TO ENCOURAGE YOU TO BE ON THIS COURT TO RESIST ADDING ANY ADDITIONAL TAX BURDEN TO OUR CITIZENS BY PROPOSING A RESOLUTION TO BE PLACED ON THE BALLOT FOR INSTITUTION OR COUNTYWIDE SALES TAX IN THE UNINCORPORATED AREAS.
YOU'RE OPENING THE DOOR TO ALLOW THIS TAX RATE TO BE HIGH, A MAXIMUM OF 2% OF ONLY A THOSE COMMISSION COURT WITHOUT TAX PAYERS HAVING ANY APPROVAL OR CONSENT WHATSOEVER.
THIS IS A TECHNICAL RECIPE FOR BOIL A PROBLEM, SLOW DOWN PERTAINING TO THE PROPOSED COUNTY TAX ON ALL CELL PHONES.
THERE'S CURRENTLY ALREADY A 50 CENT PER PHONE, NINE ONE ONE TAX BEING COLLECTED.
IT'S BEING COLLECTED ON ALL PHONES, INCLUDING LANDLINES.
WHERE'S THAT MONEY? HOW MUCH OF THAT MONEY HAS THE COUNTY RECEIVED BACK FROM THE STATE TO ANSWER? MUCH
[00:25:01]
TO THE CHAGRIN OF THE TAXPAYERS IS ABSOLUTELY ZERO.EACH OF YOU WERE ELECTED BECAUSE THE TAXPAYERS PLACE THEIR TRUST IN YOU TO TAKE CARE OF COUNTY FINANCIAL BUSINESS.
PLEASE DON'T BETRAY THAT TRUST BY REACHING AROUND INTO THE BACK POCKETS AND PURSES OF YOUR CONSTITUENTS AND REMOVING OUR MONEY BECAUSE IT'S AN EASIER SOLUTION.
I BELIEVE THAT EACH OF YOU AND ALL OF YOU ARE CAPABLE TO USE LOGICAL REASONING TO FIND SOLUTIONS WITHOUT RAISING OR ADDING NEW TAXES.
AND WE WE'RE TAXING ENOUGH ALREADY.
PLEASE VOTE NO ON ANY INCREASED TAXES AND I ADMIRE EACH AND EVERY ONE OF YOU.
LISTEN TODAY TO THE PRESENTATIONS OF ALL OF THE MONEY IT TAKES.
AND I UNDERSTAND THAT YOU NEED MORE MONEY EVERY, EVERY DAY, BUT PLEASE BE MINDFUL OF USING WHAT WE HAVE AND PLEASE DON'T ADD MORE TO US.
NEXT WOULD BE, UH, MR. JOHN COOK.
JOHN, I JUST WANT TO COMPLIMENT, UH, MIKE SLY AND MIKE SIMS ON THEIR PRESENTATIONS.
THEY WERE COMPLETELY PRE PREPARED WHEN THEY CAME IN HERE TO TALK ABOUT THEIR ISSUES.
MIKE NEEDS A LITTLE BIT, MIKE SLYS A LITTLE MORE TIME FOR KAUFMAN, BUT THEY WANNA MAKE SURE WHEN THEY COME IN HERE AND ASK FOR THAT MONEY THAT THEY'RE FULLY PREPARED TO ANSWER ANY QUESTIONS.
I HAVE A QUESTION THAT I NEED TO ASK ABOUT SOME OF THE TAXES THAT WE'RE TALKING ABOUT.
AND AS YOU KNOW, UH, JUDGE, I CAME IN HERE BEFORE AND TALKED ABOUT THE 17TH, UH, OR 17TH IN THE STATE OF, OF TEXAS OUT 254 COUNTIES AS FAR AS, UH, COUNTY TAXES.
AND I ALSO SAID THAT WE'RE 310TH IN THE NATION OUT OF OVER 3,500 COUNTIES.
WE'RE IN THE TOP 10% AS FAR AS COUNTY TAXES.
UM, I WOULD LIKE TO ASK, SINCE THEY WERE SO PREPARED, I'D LIKE TO ASK YOU GUYS IF YOU'RE PREPARED TO KNOW HOW THIS IMPACT IS GOING TO AFFECT, UH, THE MIDDLE CLASS PEOPLE IN KAUFFMAN COUNTY AND THE LOWER CLASS, AND HOW IS THIS GONNA AFFECT THEM? AND I I SUGGEST THAT YOU PUT THIS ON THE TABLE FOR A WHILE AND SO WE CAN DETERMINE HOW OUR COUNTY'S GONNA BE AFFECTED BY IT.
WE ALREADY HAVE SOME OF THE HIGHEST TAXES IN THE STATE, SO DO WE NEED MORE TAXES? UH, THAT'S, THAT'S, THAT'S THE QUESTION.
AND IF ANYBODY CAN GIVE AN ANSWER HOW IT'S GONNA THANK YOU TO THE FAMILIES HERE, I'D BE OPEN TO, UH, MAYBE TALK ABOUT DOING IT TODAY, BUT I'D LIKE TO SEE IT, GIVE US TIME TO LOOK AT IT AND EVALUATE IT AND THEN MAYBE WE'LL ON LATER, WELL, YOU'LL NOTICE THAT WE'RE ONLY HAVING A DISCUSSION ABOUT IT, WE NOT ON TODAY.
AND MR. WILL BE, I BE ABLE TO ANSWER MANY OF THE QUESTIONS YOU MAY HAVE.
AND IT'S REALLY A FACT FINDING, UH, YOU KNOW, SOME COUNTIES HAVE IMPLEMENTED THIS, SOME HAVE NOT.
UH, AND UH, SO THAT'S WHAT HELP.
UH, NATE, IF YOU'D LIKE TO COME FORWARD AND, UH, HAVE YOU HEARD SOME OF THE COMMENTS THERE? MAY YOU HELP? GOOD MORNING.
I'M TO ASKED ME TO BRIEF THE COURT ON THE APPROACH THAT, UH, COUNTY MCKAY TO ESTABLISHING A LOCAL SALES TAX, UH, SALES TAX.
AS YOU KNOW THERE, THE STATE IMPOSES A STATE SALE TAX THROUGHOUT THE STATE ON EVERY, UH, PURCHASE, UH, COVERED BY THAT.
UH, BY THAT, UH, TAX TAX, IT ALLOWS THE COMMUNITIES AT THE LOCAL LEVEL TO IMPOSE A LOCAL SALES TAX.
SO, SO LONG AS THE TOTAL AMOUNT DOES NOT GET ABOVE, UH, THE STATE COUNCIL.
AND SO, UH, WHAT I HAVE DONE IS PROVIDE A SMALL PACKET OF MATERIAL THAT, UH, DOES ABOUT FIVE DAYS.
THE, THE FIRST DOCUMENT IN THERE IS JUST A, A, A GRAPHIC, A MAP OF THE COUNTY SHOWING THE POLITICAL SUBDIVISIONS THAT HAVE ADOPTED TAXES IN THERE, UH, DAY, AND THAT HAVE THE LOCAL SALES TAX.
AND EACH OF THESE COMMITTEES HAVE DONE SO AT A DIFFERENT RATE.