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HomeMy WebLinkAboutCouncil Presentation 03/03/2020-A1 - Finance Home Rule 2-25-20Alternative Expenditure Limitation (Home Rule) Public Hearing Discussion items State imposed expenditure limitation Alternative expenditure limitation (Home Rule Option) Election timeline Home Rule Option State-imposed Limitation In 1980, voters imposed an expenditure limit formula The formula limit grows each year based on population and inflation Spending does not take into consideration service levels or need placed on growing communities Home Rule Option State-imposed Limitation -Example Home Rule Option Fiscal Year 1979-80 Base Limit x Population Factor x Inflation Factor = Preliminary State-Imposed Expenditure Limitation 2020-21 $ 202,239 x 34.6126 x 3.1398 =$ 21,978,370 Fiscal Year Prior Fiscal Year Population / 1978 Population = Population Factor 2021-22 49,323 /1,425 =34.6126 FY2019-20 General Fund only $46.8M Home Rule Option for Marana Town creates a local spending limit as part of the annual, public budgeting process Annual expenditure limit based on available revenues Elected officials set spending limit based on local priorities and service level requirements Home Rule Option Home Rule Option for Marana Option is effective for four years Current option is in effect through FY2020-21 An extension must be sent to the voters in a future election Consolidated elections changes passed in 2012 impacted the timing Home Rule option elections must take place at the same time as your regular election Home Rule Option Outreach and Education Communications and marketing group is involved Working to establish easy to understand materials which include: o Web landing page o Brochure or information sheet o Links to other public meetings, social media, press releases, HOA emails etc. Home Rule Option Example Election Calendar Home Rule Option General Election Publish notice of public hearing February 13, 14, 20 & 21 Public Hearings February 25 & March 3 Submit info to Auditor General March 9 Receive Arguments May 6 Complete publicity pamphlet May 15 Distribute publicity pamphlets July 2 Early ballots July 2-July 8 Election August 4 Canvass August 24 Note –Some of the dates presented above are for illustrative purposes based upon dates provided from the League of Arizona Cities and Towns. THANK YOU