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Exploring Florida’s Elusive Revenues: Intergovernmental and Special District Revenues Robert J. Eger III Florida State University March 21, 2012. LeRoy Collins Institute ~ Carol Weissert , Ph. D., Director FSU Campus ~ 506 W Pensacola Street Tallahassee FL 32306-1601

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Exploring Florida’s Elusive Revenues: Intergovernmental and Special District Revenues Robert J. Eger IIIFlorida State UniversityMarch 21, 2012

LeRoy Collins Institute ~ Carol Weissert, Ph. D., Director

FSU Campus ~ 506 W Pensacola Street Tallahassee FL 32306-1601

850-644-1441 ~ 850-644-1442 fax

focus of today s presentation
Focus of Today’s Presentation
  • Revisiting Intergovernmental Revenues in Florida Counties
  • The Influence of Florida’s Independent Districts’ Revenues
background
Background
  • Major revenue sources for Florida’s counties
    • Not complete unless one remembers that Florida has granted its counties strong home rule powers
  • Home rule powers are different for charter and non-charter counties (extended to each)
    • Ability to locally develop revenue-- absent conflict with general or special laws and the constitution
    • Less what Legislature has taken away from counties’ power
irg definitions
IRG Definitions
  • State Revenue Sharing – multipurpose (county, public, other)
  • State Grants – specified purpose
take aways
Take-Aways
  • No direct link between changes in State IGR and Constitutional Amendments regarding revenue limits on local governments
  • County IGR (shared revenue) has no discernible pattern regarding volatility
special districts background
Special Districts Background
  • Statutory
    • Independent Districts
    • Dependent Districts
      • At least one of the following:
        • Its governing board is the same as the one for a single county or a single municipality
        • Its governing board members are appointed by the governing board of a single county or a single municipality
        • During unexpired terms, its governing board members are subject to removal at will by the governing board of a single county or a single municipality
        • Its budget requires approval through an affirmative vote of the governing board of a single county or a single municipality
        • Its budget can be vetoed by the governing board of a single county or a single municipality
current financial impact
Current Financial Impact
  • Active FY 2009 Districts
    • 616 Dependent
    • 1009 Independent
  • Functions (Categories with 25 or more Districts)
    • Airport/Aviation -27
    • Community Develop – 577
    • Community Redevelop – 201
    • Drainage/Water Control – 91
    • Fire Control and Rescue – 65
    • Health Care/Hospital – 61
    • Housing – 119
    • Library – 32
    • Neighborhood Improvement – 31
    • Soil and Water Conservation – 62
    • Subdivision/Maintenance – 50
    • All Water/Sewer/Water management/Water Supply - 36
special districts and board member property tax bills
Special Districts and Board Member Property Tax Bills
  • Northwest Florida Water Management District
  • Florida Inland Navigation District
  • South Florida Water Management District
  • St. John's River Water Management District
  • Southwest Florida Water Management District
  • West Coast Inland Navigation District
  • Florida Keys Mosquito Control
  • Juvenile Welfare Board of Pinellas Co.
these 8 districts finances 2010
These 8 Districts Finances (2010)

Total Assets $8,583,170,525

Total Liabilities 965,088,605

NA-Invested in Capital Assets 6,061,137,595

Net Assets-Restricted 380,154,352

Net Assets-Unrestricted 1,176,789,973

Net Assets-Total 7,618,081,920

Cash/Cash Equivalents-unrestricted 1,322,245,344

Total Debt (non-current liabilities) 706,547,852

Total Revenues 1,174,200,446

Total Expenses 1,214,629,299

special districts1
Special Districts
  • Special districts may have more cash assets than firms of similar size
  • Special Districts are a formidable component of government finance
  • Special Districts are Special since they remove the costs of services from direct government financial statements
  • Special Districts are Special in their ability to be removed from taxpayer “view”