Presentation
Capital Projects Funds
Note - This presentation and other budget documents are available on the District’s website
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5.500
5.922
6.313
Operating Millage
5.757
6.271
6.378
6.677
6.476
5.935
6.500
1.500
1.500
1.500
1.500
1.500
1.750
2.000
2.000
2.000
2.000
2.000
7.000
5.490
5.000
6.583
7.500
5.737
6.000
2.000
8.000
6.809
9.000
8.500
Capital Millage
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1.000
1.500
1.500
1.500
1.500
1.500
1.750
2.000
2.000
2.000
2.000
2.000
2.000
2.500
2.000
1.500
0.500
0.000
Capital Millage
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St. Lucie County’s Taxable Value History
$27,000,000,000
$25,769,119,327
$25,000,000,000
$23,268,900,948
$23,000,000,000
$21,000,000,000
$19,000,000,000
$18,661,622,349
$15,970,915,148
$17,000,000,000
$16,712,045,010
$15,000,000,000
2007-08
$15,776,513,670
2008-09
2009-10
2010-11
2011-12
2012-13
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St. Lucie County School District
Capital Millage Tax Collections
$52,000,000
$49,295,652
$47,000,000
$42,000,000
$38,904,874
$37,000,000
$32,000,000
$26,933,059
$27,000,000
$24,248,234
$22,949,389
$22,861,547
$22,000,000
2007-08
2008-09
2009-10
2010-11
2011-12
2012-13
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
In the District’s General Fund (operating budget), losses in tax
collections may be offset by Legislative action that increases
state (FEFP) funding

In the Capital Funds, there is no “commitment” by the
Legislature to offset losses in tax collections

Also, state-funded capital programs have essentially
disappeared (only CO&DS continues)



Between 2001-02 and 2008-09, PECO “New Construction” allocations averaged
$5.5M. Since 2008-09, we have not received any funding.
During the same period, PECO “Maintenance” allocations averaged $1.5M. Since
2011-12, we have not received any funding.
Note - The Legislature has continued to provide PECO funds, but the funds are
distributed exclusively to charter schools
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

In addition to ad valorem (property) taxes, there are two other
local revenue sources that may only be used for capital
expenditures

Sales Tax Collections – An additional ½ cent sales tax was reauthorized
(through 12/31/2026) by voters in 2005.

Impact Fees – The St. Lucie County Board of County Commissioners
approves the ordinance that provides the amount of impact fees new
development must pay.
These funds have also declined since 2007-08 (see the next
chart)
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St. Lucie County School District
Sales Tax and Impact Fee Collections
$25,000,000
$23,000,000
$21,000,000
$19,000,000
$9,962,514
$17,000,000
$1,626,333
$4,487,629
$1,064,447
$15,000,000
$632,923
$569,135
$600,601
$13,000,000
$11,000,000
$9,000,000
$14,535,363 $14,629,495
$12,888,564 $12,254,068 $12,323,138 $12,649,888
$14,286,618
$7,000,000
$5,000,000
2006-07
2007-08
2008-09
2009-10
Half-Cent Sales Tax
2010-11
2011-12
2012-13
Impact Fees
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
Each year’s funding is established as follows:

State funding – PECO and CO&DS allocations are determined by
Legislative action (amounts usually not available until May)

Local funding – Property tax estimates require the value of the underlying
tax base, which is provided by the Property Appraiser’s certification of
taxable values (not available until July). Note – The Legislature can also
affect this revenue source by changing allowable millage rates

Local funding – Sales Tax Collections are based on historical trends

Local funding - Impact Fee Collections are based on historical trends
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
Once funding is established, projects are prioritized via a review of facility
needs and requests. However, the “first priority”, which must be fully funded,
is debt service.

For 2013-14, the funded projects are provided in the accompanying
spreadsheet (the funded projects are also listed in the District’s Long-Range
Capital Plan)

As shown in the long-range plan, funding requests exceed available
resources. Since the Board must approve a balanced budget each year,
prioritization and project deferral are required. This process has already
started for 2014-15 (a planning meeting, with staff from Finance, ITS,
Facilities, Security, Risk Management, and transportation , was held on
10/15/13).
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