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CITY OF SOUTH BEND ! OFFICE OF THE CLERK <br /> Councilmember Jake Teshka stated, But we will be receiving at least one(1)million dollars from <br /> the casino. <br /> Councilmember Davis stated,The biggest difference is that the monies from the Pokagons go into <br /> redevelopment funds not the general funds. <br /> Mr. Parker answered, We receive two percent (2%) total and they are spilt evenly. One percent <br /> (1%) goes into each and, from a revenue perspective, we come out ahead. That is just one (1) <br /> revenue stream. <br /> Mr. Parker continued, All of those are things contribute to the decrease from 2019 to 2020 from <br /> an operating revenue projection. Those are the core issues that we are facing. This is a summary <br /> of what we talked about. It shows operating revenue by type, property taxes, local income taxes, <br /> reserves and non-operating revenue being interest earning, donations and grants. They all add up <br /> to what we just showed. <br /> Committee Chair White asked, In summary regarding property taxes, in the 2019 budget it was <br /> almost$79 million,correct?And it is projected for 2020 that it will be about$75 million? So that's <br /> where the deficit is. Will continue and maybe pick up a little bit as we look for 2022 and 2023? <br /> Where is the gain coming from? Looking at the Local Income Tax in 2019 it's about $86 million <br /> and it's projected to go back to $87 million. So, it's going to be pretty flat on the local? <br /> Mr. Parker answered, Correct. The gain is assuming a two percent (2%) growth in net value and <br /> will come from the assessed value. From the Local Income Taxes, it is down around $33 million. <br /> The $85 million or$87 million are actually charges like Waterworks and EMS. <br /> Committee Chair White stated, The issue is that we will be increasing costs to our residents, so, <br /> you are in an awkward position for our residents. Based on what we know about our number of <br /> residents that are below a certain level, this is a different conversation that we need to have. <br /> Mr. Parker stated, And again, if anyone has any follow up questions as we get into the details, <br /> please feel free to reach out. <br /> Committeemember Broden asked, On the charges for services, what are the other assumptions in <br /> there? <br /> Mr. Parker answered, It's a projection in terms of past utilization and how much this changes year <br /> after year on average. I am not aware of any assumptions or increases. <br /> Councilmember Teshka stated, So on that last line,the other operating income line,there's a pretty <br /> large drop there—it look like that continues. What kind of assumptions are made on that? <br /> Mr. Parker answered, That line, that other operating income includes the one (1)-time issue we <br /> don't expect to continue and we expect to see more of that $5 million to $6 million range. <br /> Councilmember Teshka asked, So realistically, that $5 million to $6 million dollar range is our <br /> base? <br /> EXCELLENCE I ACCOUNTABILITY I INNOVATION I INCLUSION I EMPOWERMENT <br /> 455 County-City Building 227 W.Jefferson Bvld South Bend,Indiana 46601 p 574.235.9221 I f 574.235.9173 TTD574.235.5567 www.southbendin.gov <br /> 8 <br />