Millage Rate Discussion

Millage Rate Discussion
     February 26th


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Agenda

  Topics
  Historic Digest Change
  Current Inflation Rate (CPI)
  Rough Digest Predictions 2025
  Millage Rate Goals
  Millage Rate Worksheet
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                                                     Historical Changes
                                                           Digest vs CPI Growth (Percent)
      FY2025                                7.7%                          0.5%
    2024 CPI                     4.1%
      FY2024                                                      13.5%                                           0.5%
    2023 CPI                                 8.0%
      FY2023                                                        14.5%                                                  1.1%
    2022 CPI                       4.7%
      FY2022                                 8.1%                                  1.0%
    2021 CPI       1.2%
      FY2021                     4.2%                  2.4%
    2020 CPI         1.8%
      FY2020                              7.0%                               2.2%
    2019 CPI              2.4%
FY2019 Digest                                       9.7%                                        1.6%
            0.0%                 2.0%        4.0%          6.0%             8.0%            10.0%         12.0%    14.0%          16.0%   18.0%
                                                       Reassessment Growth         CPI Growth    New Growth
                                                                                                                                                  3
Average
Inflation
3%



            4
                   Home Value Change Estimates
             6%


             5%


             4%




Home Value
             3%


             2%

12 Month     1%


Change       0%
                                  12 Month Change
             -1%


             -2%


             -3%
                         Zillow     Redfin    Norada


                                                       5
FY2026 Millage Rate Priorities




BUDGET MINIMUM OF   REDUCE MILLAGE RATE   KEEP OVERALL
      $930M              BY ½ MILL        INCREASE < 3%

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