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Mayor James J. Fiorentini 1. 2 Property taxes are up $2.4 million State aid up $965,058k (2.19%) Personal Property taxes are up $139k (2.5%) Meal taxes.

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Presentation on theme: "Mayor James J. Fiorentini 1. 2 Property taxes are up $2.4 million State aid up $965,058k (2.19%) Personal Property taxes are up $139k (2.5%) Meal taxes."— Presentation transcript:

1 Mayor James J. Fiorentini 1

2 2

3 Property taxes are up $2.4 million State aid up $965,058k (2.19%) Personal Property taxes are up $139k (2.5%) Meal taxes are up $44k (6.49%) Hotel taxes are up $94k (39.91%) 3

4  Prop 2 and half increase plus new growth is $2.564 million  New growth numbers still down from prior to recession $750k 4

5  Hale hospital debt aid ◦ $2.4 million– Thank you Representative Dempsey! ◦ Other aid  Chapter 70 (schools) $45,091,781 an increase of $965,058 (2.19%)  Unrestricted local aid $235,984 (2.77%) 5

6  Meals tax ◦ $725,250 and increase of $44,208 (6.49%) ◦ Other new revenue sources-  Hotel tax:  $330,325 an increase of $94,225 (39.91%)  Ambulance fee is $52k an increase of $2k (4%)  Cable fee of $200k  Total is $1,307,575 6

7 7

8  Snow and Ice deficit- $900,000  Regional School increase- $450,000 (45% increase)  Pensions- Up $509,000 (14% increase) 8

9  Mitigation$648,500  Reserve$400,000 9

10  Schools- $200,000  Stabilization- $400,000  Taxing below the levy limit- $300,000 10

11 Public Safety- an increase of $564,497 (5.8%) School Department- an increase of $1,286,556 (2.1%)  Reserves- We are adding $400k to stabilization bringing the total to $2.978,381 11

12  OPEB  CSO and Storm Water  Hunking School  Second Mound of Landfill 12

13  Things are better  Long way to go  Must continue to hold the line 13


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