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2022 Proposed Local Alternative Expenditure Limitation City Council Chambers 6:00 PM Home Rule Option Public Hearing Home Rule Origin State Law effective June 3, 1980 Limits municipal spending for Cities & Towns Maximum spending limit formula Based on FY 1979-80 expenditures Allows for annual population increase Allows for GDP inflation increase Allows for exclusions of some expenditures One-Time Override Alternatives to Formula Local Alternative Expenditure Limitation (Home Rule) Permanent Adjustment of Base Limit 2022 Home Rule Option Allows City to override State-imposed Expenditure Limitation Provides flexibility to establish budget based on anticipated revenues, programs and services Authority re-established every 4 years Requires a majority vote of the public at Primary or General election Requires 2 Public Hearings prior to Council action Special Meeting held immediately following the 2nd Public Hearing Requires 2/3 majority Chandler Voters Have Approved the Home Rule Option 10 consecutive times since 1982- most recently in August 2018 2022 Home Rule Option Financial Implications (preliminary) Spending of interest income, bond proceeds, debt service costs, grants, etc. State Computed City FY2023-24 Anticipated Spend Base Amount (spending limit) $297,617,150 $513,435,973 Plus, Allowable Exclusions $240,958,786 $240,958,786 Allowable Spend – Total – Anticipated Spend $538,575,936 $754,394,759 Amount Over State Limit $215,818,823 Budgeted expenses that would need to be eliminated without approval of Home Rule Potential impacts if Home Rule fails Reductions in street maintenance funding Reductions in public safety funding Deferral or cancellation of capital projects (arterial street improvements, construction of new parks, etc.) Reductions to recreation, aquatics, and library programs 2022 Home Rule Option Financial Implications Approval of Home Rule does not increase taxes If Home Rule fails- revenue will continue to be received but it cannot be spent 2022 Home Rule Election Schedule Dates Actions Following Public Hearings March 24 Special Meeting: Council Action on Resolution to Place Home Rule on the August 2, 2022, Primary Election Ballot March 25 Publish Record of Vote, Amount Over Limit & Purpose April 1- EST Finalize FY 2023-24 Home Rule Limit (based on FY2022-23 proposed budget) April 4 Submit Financial Worksheets to Auditor General April 4 Public Notice of Argument Filing Period April 4 to May 4 Argument Filing Period May 13 Public Voting Pamphlet Sent to Auditor General June 28 Distribute Pamphlets to Public August 2 ELECTION DAY: Public Vote at Primary Election August 18 Canvass Election–City Clerk Submits Results to Auditor General Questions?