Presentation on theme: "STATE OF THE TOWN March 1, 2010 Madison, Connecticut."— Presentation transcript:
STATE OF THE TOWN March 1, 2010 Madison, Connecticut
C ONSTRUCTION AND R ENOVATION Railroad Avenue rebuilt in 2009 Overbrook Road to be rebuilt in 2010 Downtown Center Project to start (finally) this spring Rebuild Town Garage and Salt Storage Shed
M AJOR M AINTENANCE P ROJECTS Replaced roofs at the Town Gym and Island Avenue Elementary School Installed new water system at Ryerson Elementary and Brown Middle School (Connecticut Water Co) Brown Middle School conversion from electric to gas heat in gym and domestic hot water Replaced boiler and domestic hot water system at Ryerson Elementary School
C HANGES IN THE P OLICE D EPARTMENT Police Commission – 3 new members New Police Chief Seven new officers hired since December 2008
S ENIOR T AX R ELIEF Improved the tax abatement program last spring. Maximum benefit from $700 $950 Seventy two additional seniors in the abatement program: 336 408 A new charge for an ad-hoc committee just approved by the Board of Selectmen, featuring four new avenues for further study
Social Services Inquiries to Municipal Agent for Elderly: 3,431 in 2008-09 (+52%) Individuals receiving Financial Assistance: 76 in 2008-09 up from 14 in 2003-04 already at 84 in first six months of this year State funded Energy Assistance application: 136 in 2008-09 (+55%) already at 111 in first 6 months of this year
F INANCIAL H IGHLIGHTS Refinanced High School bonds at a lower interest rate, for a savings of $1,458K over 15 years ($266K in 2010-11) Maintained bond rating of AA1 from Moody’s Received “clean” opinion from auditor (again) Funded pension with contribution required by actuaries
G RISWOLD U PDATE Charge for ad-hoc design committee approved Committee selection in process – over 30 applications received March 24 Issue 20 year bonds for $7.92M to cover purchase price + bonding cost Issue 8 month notes for $500M to cover remediation costs May 4 – Close on property; delay so we can qualify for a large state grant
G RISWOLD U PDATE (continued) 2010 – Remove runway and buildings, complete remediation November – In conjunction with Senior Center/ Ambulance bonds, issue 20 year bonds for $1.08M LESS any state or federal grants. 2011 – Construct playing fields, trails, etc.
S ENIOR C ENTER /A MBULANCE F ACILITY Expect final approvals from Planning & Zoning this week Construction start at Bradley Road site this spring Move into new Senior Center early 2011 Move into new Ambulance Garage late 2011
F IVE Y EAR C APITAL P LAN ($000) 2009-10 Funding 1/28/10 Balance 2010-11 Budget 2011-12 Est. 2012-13 Est. 2013-14 Est. 2014-15 Est. LOCAP $1,125$1,628$1,125$1,160$1,195$1,230$1,265 Technology 65251----30 Major Roads 135898335350375400 Highway Equipment 135172135150 Town Center Restoration ----99----TBD Ambulance 451134565 60 Fire Trucks 235341220240250 Police Cars 4294850556065 Communications 25250----50 Fire Equipment 305230 Water Tanks 50913050 Total $1,887$3,904$1,968$2,175$2,250$2,310$2,350
P OTENTIAL N EW D EBT C APACITY 2011$15 Million 2012$10 Million 2013$5 Million 2014$5 Million Note: This is a pro forma analysis only. No new projects are being proposed
Municipal Per Capita Expenditures Current Year (2009-10) Budget Population 16,000 to 20,000 1.New Canaan$2,285 2.Rocky Hill$1,605 3.Ansonia$1,588 4.Bethel$1,271 5.Seymour$1,227 6.Plainville$1,156 7.East Lyme$1,113 8.Monroe$1,088 9.Brookfield$1,050 10.Madison$1,043 11Montville$983
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