Returned Surplus Increases for Sixth Consecutive Year Under Randolph
Randolph Has Returned More than $128 Million Over Six Years
Citing historically high property values, continued population growth and strong fiscal management, Orange County Tax Collector Scott Randolph today announced that his office has returned a record $22.25 million budget surplus to Orange County Government for Fiscal Year 2018-19, an increase of 30% – or $5.17 million – from Randolph’s first full fiscal year in 2013-14. The budget revenue returned to Orange County, the majority of which is distributed to the Board of County Commissioners as unencumbered general revenue funds, has now increased for six consecutive years under Randolph.
Randolph said the consecutive increases are the result of several factors, including the overall health of the economy, a record real estate market and efficiencies achieved by the Tax Collector’s office. Earlier this year, Randolph announced that total revenue collected by his office during Fiscal Year 2019 surpassed $2.6 billion for the first time ever.
“Ten years into the economic recovery, our real estate market has not only bounced back, but we are now surpassing the highs of the previous decade.” Tax Collector Scott Randolph said. “That’s great news for every Orange County resident because higher property values mean more resources for local governments – including the budget revenue that we return each year – to support public schools, transportation and parks.”
In total, the Tax Collector’s office returned $23.03 million to the county and other taxing districts for Fiscal Year 2019, including more than $14.43 million to the county’s General Fund for countywide operations, $1.38 million to Orange County Fire and $409,000 to the library system. Since Fiscal Year 2014, Randolph’s office has returned $128.03 million in budget surplus, including $123.84 million to Orange County Government.
The Orange County Tax Collector’s office is a fee-based office, meaning its operations are fully funded by the fees it collects. At the end of each fiscal year, after its own operations are funded, the Tax Collector distributes all surplus revenue to Orange County government and other local taxing authorities.
Returned Surplus Revenue by Fiscal Year (Fiscal Years 2014 – 2019)
Returned Surplus Revenue by Agency (Fiscal Year 2019)
|Orange County General Fund||$14,437,558.15|
|Unincorporated Taxing District||$1,112,316.84|
|Orange Blossom Trail Corridor||$4,066.91|
|Orange Blossom Trail Neighborhood||$3,685.94|
|Orlando Central Park||$8,446.59|
|I-Drive Master Transit||$20,153.17|
|I-Drive Bus Service||$36,051.22|
|North I-Drive Improvement||$1,417.14|
|Big Sand Lake||$1,956.56|
|Little Lake Fairview||$151.39|
|South Lake Fairview||$52.61|
|Orange County Total||$22,256,596.68|
|Orange County Library||$409,428.82|
|Ranger Drainage District||$6,050.52|
|South Florida Water Management District||$184,041.22|
|St. John’s District||$148,243.58|
|Valencia Water Control District||$2,611.42|
|Orlando Downtown Improvement & Downtown South||$31,851.63|
|Taxing Authorities Total||$782,227.19|