TREASURER 2017-2018 BUDGET PRESENTATION1.6.17.PPT
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Treasurer’s Office Royce T. Flora Maricopa County Treasurer CONTENT • Treasurer Overview • Help for Homeowners • Innovation • Budget TREASURER TREASURER OVERVIEW OVERVIEW Parcel and FTE Growth Portfolio Balance and Earnings 2016 Tax Collections and Adjusted Levy Adjusted Levy $4.6 Billion 45.5% 54.5% 2015 Property Tax Distribution Net Contributor to the General Fund Budget Lower County Pool Balances & 0% Fed Fund Rate Decrease in Late Interest and Penalties Due to Recovery Dec 15 Net Contributor to the General Fund Budget Dec 15 HELP HELP FOR FOR HOMEOWNERS HOMEOWNERS Foreclosures By Calendar Year SB 1135 • Allows taxpayer to pay oldest single lien instead of cumulative liens. • Allows for the partial payments of single year tax liens. • Effective January 1, 2016. Taxpayer only has Lien 1 Lien 1 to pay $1,000 or $1000 Taxpayer had to $1000 the oldest lien to Lien 2 pay the cumulative stop foreclosure. Lien 2 $1000 liens of $3,000 to $1000 stop foreclosure. Lien 3 Lien 3 $1000 $1000 Lien Sales HB 2653 Lowered the Delinquent Interest Rate from 16% to the Bid Rate. State Tax Deed Program • Protects property owners rights, and returns orphaned parcels to the tax roll. • 63 lien redemptions prior to the auction in the amount of $171,548. • 486 parcels eligible to foreclose. • 239 parcels sold at auction for $90,000. State Tax Deed Program Cleaning the Tax Rolls • Started a new initiative to research and write-off personal property that can no longer be located. • 6,897 personal property parcels, with over 45,593 delinquent tax years under review. INNOVATION INNOVATION Strategic Goal – Paperless Statements • The Treasurer’s Office rolled out its initial e -Notices campaign in September 2016 • 19,702 parcels signed up to date. Enhancing the Customer Experience – Online Payments / Branch Payments Online Payments – 300,880 In Office – 104,316 Chase Branch Payments – 75,736 Rewarding Ideas (Left to Right: Former Treasurer Charles "Hos" Hoskins, Erica Acosta, Catalina Sanchez, Patricia Encinas, Current Treasurer Royce T. Flora) Employee Ideas Intelligent Barcode Initiative: Savings $12,250 a Year Unclaimed Property for the County: Free Money $1.3 Million More Savings • Leveraging of business intelligence from the Intelligent Barcode Initiative has saved an additional $50,000 in mailing costs. • New vendor technology allows 6 bills in regular envelope saved 150,000 mail pieces or $50,000. • E-Notice savings are around $10,000 and growing. Budget What additional monies does the Treasurer request in FY 18 to run its operations? Questions?