Brent Cagle
speaker
2,705 appearances
14 recordings
3 series
first heard Sep 2023
last heard 28 May
Brent Cagle’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 4 in all, peaking in May 2026 with 1.
Appearances
On the local tax side, Article 43 revenues, that is the existing half-cent sales tax that has been in place since 1998, are projected to generate $165.7 million.
Article 34 revenues, that is the new sales tax revenue, projected to generate $198.9 million.
And then the You Drive It rental tax projected to generate $20.1 million.
In addition to that, we have projected state grants at $9.2 million and federal grants at $56.1 million.
It's important to note here that
The revenues and the expenditures, this is a structurally balanced budget.
We do not anticipate drawing down from our cash reserves.
In fact, it's just the opposite.
We believe that with this revenue projection, we will be able to increase our cash reserves to enable us to do the capital projects associated with the transit system plan.
over the next 5, 10, 15, 25 years.
I will also note that at this time we have tentatively planned for an issuance of certificates of participation or COPs.
That is tentative.
Those COPs may be pushed to fiscal year 2028.
Those COPs would be for vehicles associated with the transit system plan.
And we have to understand what the delivery schedule, what the current orders are already in with the vehicle manufacturer to know if we're gonna issue COPS in the current fiscal year.
So that is a possibility, but it is only tentative at this point.
Oops, went the wrong way.
Okay, this is a chart showing Article 34 and 43 sales tax revenue projections.
Really, we just wanted to show this to underscore the significant additional revenue stream that Article 34 presents.
And in FY2027, we project a total sales tax revenue stream of $365 million and then growing at a roughly 4% rate of growth, both taxes beyond that.
Showing 41–60 of 2,705 · page 3 of 136
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