Presentation is loading. Please wait.

Presentation is loading. Please wait.

Town of Madison Board of Selectmen Approved Town Budget Public Hearing March 4, 2009.

Similar presentations


Presentation on theme: "Town of Madison Board of Selectmen Approved Town Budget Public Hearing March 4, 2009."— Presentation transcript:

1 Town of Madison Board of Selectmen Approved Town Budget Public Hearing March 4, 2009

2 Town of Madison / Board of Selectmen Recommended Budget

3 Timetable for Budget Development and Review of Town Budget January – MarchPreparation and review of Preliminary Budget Recommendation March 2 nd Board of Selectmen approval of recommended budget March 4 th Public Hearing March 10 th -31 st Board of Finance Review April 28 th Public Hearing April 30 th Board of Finance approval of Final Recommended Budget May 19 th Proposed Budget Referendum Date

4

5

6

7 Summary of Town Budget by Program

8

9

10

11

12

13

14

15

16

17

18

19

20 Planned and Cycled Maintenance Fund Suggested Projects: Dog Pound / paving and grading East Wharf / storm drain Exchange Field / Pave and widen driveway Memorial Town Hall / Painting and carpeting Police Station / Sidewalk replacement and Energy Improvements Strong Field Bleachers / Painting Exterior Metal Surf Club / Paint Exterior Trim Surf Club Garage / Install public water

21 Five Year Capital Plan Fiscal Year2008/ Budget DetailFundingBalanceBudget RequestEstimate Technology100,000231,39075,000 Major Roads235,000925,142135,000325, ,000 Highway Equipment160,000207,606135,000160,000170,000 Town Center Renovation Project * 101,758 Vehicles Ambulance65,00068,38745,00049,335 Madison Fire Dept150, ,000150, ,000 North Madison80,000146,305115,00090,000 Police65,00010,96058,000 75,000 Public Safety Communications125,000220,86925,000125,000 Water Tank Installation50,00045,13750,000 Hose Equipment- Madison Hose15,0004,61120,00015,000 Hose Equipment- North Madison ,81010,00015,000 Total1,060,0001,999,945788,0001,112,3351,139,3351,164,3351,189,335 *Town Center Renovation Project additional funding $500,000 STEAP GRANT (Small Town Economic Assistance Program) $250,000 Urban Action Grant Program

22 Approved Budget Projected Budget Change Summary of Major Changes in Projected Revenue for Investment Revenue decrease due to reduction in interest rates to 1.2% $ 726,383 $ 553,071 $ (173,312) Town Clerk fees decrease due to Real Estate slowdown $ 690,000 $ 650,000 $ (40,000) Building and Land Use fees decrease due to Real Estate slowdown $ 485,600 $ 379,200 $ (106,400) Increase in Beach & Recreation fee structure & Rentals $ 432,660 $ 512,760 $ 80,100 Net Change in Town State Aid Reimbursement $ 977,056 $ 905,663 $ (71,393) Net Change in Education State Aid Reimbursement $1,679,839 $1,703,612 $ 23,773 Decrease in Projected Revenue $4,991,538 $4,704,306 $ (287,232) State Aid to Roads is also being reduced by $ 42,824 which is reflected in the Expenditure Budget.

23

24 Town by Town Comparisons TownTown GovernmentPopulationGov't Expenditures New Haven $ 220,970, $ 1,695 North Haven $ 32,149, $ 1,356 Woodbridge $ 12,499, $ 1,348 Orange $ 16,897, $ 1,238 Branford $ 34,906, $ 1,165 Milford $ 61,986, $ 1,150 Hamden $ 64,729, $ 1,091 East Haven $ 31,369, $ 1,062 Cheshire $ 29,353, $ 997 West Haven $ 52,104, $ 953 Madison $ 17,699, $ 949 Guilford $ 21,081, $ 944 Wallingford $ 40,608, $ 896 North Branford $ 12,416, $ 870 Bethany $ 4,000, $ 748 Source:2008 Membership DirectoryGreater New Haven Chamber of Commerce data

25 Mill Rates by Municipality MunicipalityMill Rate 07/08 Branford$22.33 Cheshire$27.60 East Haven$22.85 Guilford$24.32 Hamden$29.10 Madison$23.35 West Haven$27.96 Woodbridge$29.96  CT OPM Municipal Fiscal Indicators

26 Thank You This Presentation will be available on the Town website at


Download ppt "Town of Madison Board of Selectmen Approved Town Budget Public Hearing March 4, 2009."

Similar presentations


Ads by Google