Presentation is loading. Please wait.

Presentation is loading. Please wait.

Finance Committee Budget Overview April 26, 2010.

Similar presentations


Presentation on theme: "Finance Committee Budget Overview April 26, 2010."— Presentation transcript:

1 Finance Committee Budget Overview April 26, 2010

2 2 Financial Highlights FY 2010  Year to Date Budgets  Capital Projects  Bond Sales  State Aid  Flooding Emergency Costs

3 3 Income Source Changes Since 2008 the contribution to the budget from State Aid and non-tax revenue has declined from 15.1% to 11.8% (FY11 est.).

4 4 Finance Committee Overview Total FY11 Proposed Budget Plan: $76,568, %  Maintain core Town and School services  Assumes 10% state aid cuts  Other projected revenue approximately flat.  Proposed total budget can be funded under the Levy Limit

5 5 Finance Committee FY 2011 Planning Expenses Summary- Key changes: Operating Budgets Total: +$563, % Joint Accounts: +$597, % Excluded Debt: - $ 65, %  Gross $ 935,000 higher than FY 2010  Offset by $ 1,000,000 from Stabilization Fund

6 6 Finance Committee FY 2011 Planning Budget Summary FY11 Budget Plan: $76,568, % Town Operations + 0% Concord Schools + 0% Concord-Carlisle HS + 4.2% Concord operating assessment Other Accounts + 2.8%

7 FY11 Estimated property tax impact Current median single family assessed value = $656,700 FY10 FY11 change Tax at median $8,596 $8,748 + $152 Tax per $100,000 $1,309 $1,332 + $ 23 Percent change + 3.3% + 1.8%

8 8 Finance Committee Conclusion Continued Risks  State Aid, Local Revenues, Slow Growth Dependence on Property Tax Prudent, Consistent Policy-Based Management and Governance


Download ppt "Finance Committee Budget Overview April 26, 2010."

Similar presentations


Ads by Google