Wellington is preparing the Fiscal Year 2021/2022 Budget process based on the development, implementation, and evaluation of plans for the provision of services and capital assets. The first phase of the budget process is presenting the overall Village budget. The second phase, departmental budgets, will follow in a few weeks.
- The total preliminary FY 2022 budget is $133.2 million as compared to the FY 2021 budget of $101.6 million, including inter-fund transfers. The $31.2 million increase is primarily due to capital improvement projects. Additionally, increases in operating costs are budgeted for materials and supplies increases and the return to full operations following cancellation and/or reduction in programs and operations as part of the pandemic response.
- The Fiscal Year 2022 proposed budget is a marked change from last year’s pandemic budget. The proposed budget aggressively addresses capital projects while maintaining the same millage and ACME assessment rates.
- The preliminary rates compared to FY 2021 are listed below:
- With an estimated 5.3% increase in the 2021 Taxable Value to $9.3 billion, the strength of Wellington’s residential market provides ad valorem tax revenues of $958,000 more than last year at the preliminary 2.47 millage rate. The revenue value of each .1 mill is $883,000 in FY 2022 compared to $845,000 in FY 2021.
- The ad valorem impact for a homesteaded property valued at $300,000 is an increase of about $10. The increase is $15 for a non-homesteaded property.
Revenue increases are included in shared / intergovernmental revenues including sales tax, sales surtax, gas tax, and road impact fees – approximately $1.7 million increase; and in charges for services including parks & recreation program and rental fees – approximately $828,790
(NOTE: The above two revenues were the most impacted from the pandemic – reduced intergovernmental and sales tax receipts and reduced parks and recreations programming and activities.)
The preliminary FY 2022 budget funds 236 full-time governmental positions, 90,728 part-time hours, 6 supplemental positions, and 2 interns. In the enterprise funds, the budget funds 66 full-time positions, 1,560 part-time hours, 8 supplemental positions, and 1 intern.
- Capital and Major Maintenance Projects included in the preliminary 2022 Budget include:
One Time Projects
Sheriff Substation (Design) $ 900,000
Tennis Center Expansion (Design) $ 150,000
Amphitheater (Grant Match) $ 400,000
Section 24 Preserve (Grant Match) $ 600,000
Community Park (Design) $ 500,000
Aeroclub Widening $1,350,000
Town Center Phase II $8,320,000
Aquatics Complex (Design) $1,500,000
South Shore/Pierson Intersection $4,000,000
Acme R & R $ 795,000
Neighborhood Signs $ 85,000
Neighborhood Parks $ 310,000
MultiModal Trails $ 260,000
Park Improvements $ 320,000
Tech. Investment $ 290,000
Multiuse Pathways $ 400,000
Traffic Engineering $ 75,000
SWM System Rehab $ 660,000
Communications & Tech Investment $ 50,000
Water Supply Improvements $2,260,000
Water Treatment System $2,575,000
Water Repump and Storage $1,100,000
Force Main Wastewater System $4,400,000
Water Reclamation Facility $ 900,000
Reuse System Improvements $ 350,000
The budget process will continue with the distribution of capital projects and departmental budget information. Public outreach to gain input from residents and stakeholders continues with the Budget Challenge online survey at wellingtonfl.gov/BudgetChallenge, social media, the upcoming Facebook Virtual Town Hall, and Wellington’s website.