new woodbridge budget committee: 5-year plan

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Workgroup In Place For Nearly A Decade

7 Residents, 3 Magisterial Districts Government, Business, Legal, Human

Services, Human Resources Service On Various Boards, Commissions,

Committees, And Civic Association

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Acknowledge that there is a cost associated with services.

Invest in infrastructure projects and internal service funds should be the first funding source.

Support our public safety employees and teachers.

Intent to not directly impact any particular

magisterial district.

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◦ “The Aaa rating reflects the county’s dynamic local economy and wealthy tax base that continues to experience healthy growth, a strong financial position reflective of effective management and ample liquidity…” (Moody’s, 3/15/16)

◦ “This (‘AAA’) rating reflects…a very strong economy…very strong management…adequate budgetary performance…very strong budgetary flexibility…very strong liquidity.” (Standard & Poor’s, 2/19/16)

◦ We reaffirm their ‘AAA’ rating citing a sound financial position, prudent fiscal policies…a “strong and diverse economic base…high wealth levels,” “…robust tax base growth and strong financial management.” (Fitch, 2/12/16)

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◦ Reduce BOCS Contingency Reserve Account To FY15 Level ($200,000)

◦ Reduce Police Department Class Size (26 To 13 Sworn/3 To 2 Civilian) Stagger Hiring/Eliminate Vehicles ($2,744,721)

◦ Launch Police Body Camera Program Using Existing Funds In Reserve; Eliminate Operating And Capital Funding (Pending Results Of Demonstration Project) ($1,797,000)

◦ Eliminate Fire & Rescue Dispatch Supervisor Position ($88,149) & Risk Security Manager Position ($132,467)

◦ Eliminate New Community Partner Donation (Humane Society) ($94,000)

Total FY17 Reductions: $5,531,317

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◦ Build Animal Shelter; Reduce Cost By $2M ($200,000 Annual)

◦ Examine & Refine Use Value Assessment Tax Exemption ($4,480,000)

◦ Shift Purchase Of New Park Equipment To Capital Reserve In Future Years (Savings TBD)

Total Annual Savings FY18-21: $5,930,000 (Including Police Body Camera Savings - $1.25M)

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Discover Prince William ($142,000)

Law Library (Maintain FY16 Level) ($30,000)

Increase For Community Partners ($65,000)

All County Employees ◦ Increase 401a Contribution By 1.5% (To 2% In FY21) For County Employees Over

Three Years (FY17, FY18, and FY20) FY17 Impact = $1.15M

◦ Reset COLA To 1% To Match Federal Increase In Social Security Payments

Total FY17 Investment : $1,387,000

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Invest $3.5M Annually For 5 years (from $12.5M Reductions) For Retention Supplement Program (Teachers With Over 5 Years Of Service With Prince William County).

Require A Match From School Board (Modeled On Class Size Reduction Matching Grant).

Attempt To Hold Schools Harmless In FY17, Re-assessment In Out-Years Required.

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FY16 Adopted Budget

FY17 CXO Proposed

Budget

FY17 Woodbridge Committee

Proposed Budget

Average Real Estate Tax Bill

Increase 3.88% 3.88% 2.60%

Tax Rate $1.122 $1.145 $1.131

Average Tax Bill $3,799 $3,877 $3,829

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Approve This Alternative Budget Proposal.

Initiate Joint Meetings To Develop Teacher Retention Supplement Program.

Schedule Public Hearing To Refine The Use Value Assessment Tax Exemption.

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