1. TOWN OF NORTH CASTLE 2014 Preliminary Budget Budget Hearing November 20 th, 2013 Supervisor Howard Arden Councilmembers Michael Schiliro, John Cronin Diane Roth and Stephen D’Angelo Administrator Joan Goldberg Comptroller Faith Berland

2. North Castle Taxes = 67%= 16% SCHOOL COUNTY TOWN FIRE AMBULANCE WATER SEWER STREET LIGHTS = 17% SPECIAL DISTRICT TAXES REAL ESTATE TAXES

3. North Castle Budget by Fund GENERAL GOV’T HIGHWAY LIBRARY 61% 17% 6% $18,280,585 $5,222,087 $1,664,848 SEWERWATERFire, Ambulance, etc 6% 6% 3% $1,905,261 $1,904,738 $908,670 Total Budget $29,886,189

4. North Castle Tax Levy 2013 2014 Tax Levy $20,827,837$21,442,285 Tax Levy Growth $614,448 Allowable Growth $736,245 Difference ($121,797)

5. North Castle Real Estate Taxes INCREASE (DECREASE) 2.95% 3.18% (49.12%) 3.02% FUND EXPENSES - REVENUE & BALANCE = REAL PROPERTY TAXES 2014 Budget $25,167,520 $6,383,967 $25,439 $18,758,114 2013 Budget $24,445,945 $6,187,451 $50,000 $18,208,494

6. Calculation of Real Property Tax Rates INCREASE 3.02% 0.03% 2.98% REAL PROPERTY TAXES TOTAL ASSESSED VALUATION REAL PROPERTY TAX RATE 2013 $18,208,494 $116,477,195 $156.33 (per $1000) 2014 Budget $18,758,114 $116,517,364 $160.99 (per $1000)

7. North Castle Town Tax Impact Based on a $862,000 market value home, the proposed general tax rate for Town taxes would impact homeowner taxes as follows: $2,9392013 General Taxes $3,0272014 General Taxes $87.67Increase in general taxes

8. Non Property Tax Revenue

9. North Castle Staff

10. 2014 Capital Improvement Projects Road Repairs/ 2 Police Parks Dept. Parks Dept. Maintenance CarsTruck with Plow Snow Tractor Building Dept. Highway Sewer & Water Server Upgrades Vehicle Truck Truck

11. QUESTIONS?