People Are Asking

How have the Key Colony Beach City budget (and our property taxes) skyrocketed?

Let us count the ways.

  • Property taxes have more than doubled, from over $1.7 million in 2018 to over $3.9 million in 2023
    (that despite a claim by Mayor Patti Trefry that she was "reducing" taxes).
  • Spending nearly doubled in 2019-20 rose

  • Fresh on the heels of denying you the right to vote, the runaway Gang of 3 will pass a TWENTY MILLION DOLLAR BUDGET at the end of the day on Thursday.

    Key Colony Beach has raised property taxes at least 73% since 2018 to pay for extra employees, extra vehicles, extra lawyers, extra boodoggles, and years of trailer houses. Now, the Gang of 3--Commissioners Harding, Ramsay-Vickrey, and Trefrey--will pass a resolution with that huge and unexplained spending.

    The approved budgets over just the past few years show very worrisome trends.
    » From 2018-22, KCB carried forward a lot of reserves that just plain disappeared in 2022-23.
    » The city claims about a million less in 2023-24 Ad Valorem Tax "Revenue" than the county calculation yields based on millage rate and property values.
    » The city claims to budget $7.8 million in 2023-24 expenditures but Resolution 2023-13 budgets $20.5 million for the same period.

    Fiscal
    Year
    Property
    Taxes
    %
    Increase
    Total
    " Revenue"
    %
    Increase
    Total
    Expenditures
    %
    Increase
    2018-19 $1,732,677 - - $3,855,068 - - $3,855,068 - -
      "Revenue" will increase by $2,152,738 carried forward from 2017-18
    Expenditures will increase by $3,128,148 transferred to "Reserves"
    Source: http://PeopleAreAsking.org/resources/budget/fy-18-19-budget-summary.pdf

    2019-20 $1,804,165 4.1% $6,013,449 56.0% $5,496,295 42.6%
      "Revenue" will increase by $5,997,971 carried forward from 2018-19
    Expenditures will increase by $6,515,125 transferred to "Reserves"
    Source: http://PeopleAreAsking.org/resources/budget/fy-19-20-budget-summary.pdf

    2020-21 $1,878,301 4.1% $5,512,552 -8.3% $5,313,568 -3.3%
      "Revenue" will increase by $6,505,127 carried forward from 2019-20
    Expenditures will increase by $6,702,111 transferred to "Reserves"
    Source: http://PeopleAreAsking.org/resources/budget/fy-2021-budget-summary.pdf

    2021-22 $2,300,383 22.5% $6,436,199 16.8% $7,224,462 36.0%
      First "Turner" budget, last budget with funds carried over
    "Revenue" will increase by $6,954,415 carried forward from 2020-21
    Expenditures will increase by $6,166,162 transferred to "Reserves"
    Source: http://PeopleAreAsking.org/resources/budget/fy-21-22-buddget-summary.pdf

    2022-23 $2,627,390 14.2% $7,737,390 20.2% $7,737,390 7.1%
      "Revenue" includes $500,000 from 2021-22 fund reserves
    Expenditures will increase by $ transferred to "Reserves"
    Source: http://PeopleAreAsking.org/resources/budget/fy-22-23-budget-summary.pdf

    Two official data sources for the upcoming fiscal year contradict each other.
    The "official" city budget presentation offers a rosy picture of financial good health but the Resolution the commission passed 4-0 shows a $17 million dollar shorfall. Here are the two sets of figures:
    2023-24 $2,999,042 14.1% $7,778,784 0.5% $7,778,784 0.5%
      Amounts claimed in "KCB Proposed Budget Presentation" by D. Turner
    "Revenue" includes $124,829 of "internal transfers"
    Expenditures include by $457,833 transferred to "Reserves"
    Source: http://PeopleAreAsking.org/resources/budget/fy-23-24-budget-approved-9-7-23.pdf

    2023-24 $3,946,224 50.2% $7,778,784 0.5% $20,494,491 164.9%
      Amounts from calculated revenue and Commission Resolution_2023-13
    "Revenue" includes $124,829 of "internal transfers"
    Expenditures are the total approved in Resolution 2023-13
    Source #1: http://PeopleAreAsking.org/resources/budget/fy-23-24-budget-approved-9-7-23.pdf
    Source #2: http://PeopleAreAsking.org/resources/budget/budget_resolution_2023-13.pdf


    » These numbers alone underscore the need for a forensic analysis of city finances.
    »

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