The Quick Facts
What are we proposing?
The Shoreline Fire Department will be putting two measures before the voters this August: diversifying our operational revenue source with a Fire Benefit Charge (FBC), and a Capital Bond for purchasing higher cost, capital items.
Why are we proposing these measures?
The FBC can be used as part of our annual operating expenses. It will allow us the diversity and flexibility in our annual operating budget to provide for long-term sustainability in meeting the increasing costs and need for emergency services.
The Capital Bond can only be used for capital purchases. It will allow us to replace apparatus, facilities, and equipment that have been postponed due to the recession or cannot be afforded without these additional funds.
How will these measures be approved?
Both the FBC and the Capital Bond will be on the August 4th ballot and both need a super-majority, 60%, "yes" vote to be approved. The FBC also requires an annual public hearing to establish the amount that the FBC will be for the following year. The FBC is not a permanent measure and requires re-authorization by the voters every six years. The Capital Bond is a $9.5 million, 10-year bond and after 10 years it is retired.
What will this mean to me?
With a FBC in place the fire department's property taxing authority is reduced from $1.50 to $1.00 per $1,000 of assessed value. The goal is for the FBC to equal the lost $.50 of tax levy authority. Due to the weighting of the FBC, commercial property owners on average will pay more of the FBC, so this equates to less overall funds being paid by home owners. The result is that roughly 80% of homeowners will realize a decrease in total monies paid to the fire department.
The Capital Bond will cost approximately $.16 per $1,000 of assessed value. The Shoreline Fire Department currently has a 20-year capital bond that retires in 2016, which is costing about $.18 per $1,000 of assessed value. So, property owners will see a decrease from what they are currently paying on the Capital Bond.
There is more information on these measures in this website. Please click the links at the top-right of this page to view additional information and to see what the exact impacts would be on your property.