2017 PRELIMINARY BUDGET PUBLIC HEARING NOVEMBER 3, 2016 Town of Schodack 2017 PRELIMINARY BUDGET PUBLIC HEARING NOVEMBER 3, 2016 2017 Preliminary Budget Presentation

Where Does Your Tax Dollar Go? 2017 Preliminary Budget Presentation

REAL PROPERTY TAX LEVY CAP What is the NYS Real Property Tax Levy Cap? It limits the growth in the real property tax levy a jurisdiction can collect from one fiscal year to the next. It is a cap on the tax LEVY not the tax RATE. For the 2017 budget, the levy cannot grow by more than 0.68% of the Town’s 2016 levy with certain adjustments allowed for assessment growth, NYS Retirement exclusions, transfer of gov’t function, tort orders/judgments and available carryover. The levy cap is not on an individual fund, it is on all of the funds, added together, that the Town Board has taxing authority over. The Town of Schodack’s tax levy limit for 2017 is $6,104,925. The 2017 Preliminary Budget’s actual levy is $6,025,362, which is $79,563 or 1.38% less than the tax levy limit. The Town is in compliance with the NYS Real Property Tax Cap for the 2017 Budget, however the NYS Property Tax Freeze Credit has been discontinued by NYS. 2017 Preliminary Budget Presentation

REAL PROPERTY TAX LEVY CAP Is 2% really 2%? 2016 Levy 2017 Levy $ Change % Change Tax Levy Limit $6,019,495 $6,104,925 $85,430 1.42% Actual Tax Levy $5,948,364 $6,025,362 $76,998 1.29% 2017 Preliminary Budget Presentation

BELOW CAP FOR SIXTH STRAIGHT YEAR 2017 TAX CAP Tax Levy – 2016 $5,948,364 Tax Base Growth Factor (.48%) $28,552 PILOTs Receivable – 2016 $79,500 Subtotal $6,056,416 Allowable Levy Growth Factor (.68%) $41,184 PILOTs Receivable – 2017 ($81,900) $6,015,700 Allowable Carry Over from 2016 $89,225 Transfer of Function $-0- Pension Exclusion Allowable Tax Levy per Tax Cap $6,104,925 2017 Proposed Tax Levy $6,025,362 Tax Levy Over (Under) Tax Cap – 2017 ($79,563) 2017 Preliminary Budget Presentation

BELOW THE CAP FOR SIXTH STRAIGHT YEAR Tax Levy Over (Under) Tax Cap – 2017 ($ 79,563) Tax Levy Over (Under) Tax Cap – 2016 ($ 71,131) Tax Levy Over (Under) Tax Cap – 2015 ($198,127) Tax Levy Over (Under) Tax Cap – 2014 ($143,776) Tax Levy Over (Under) Tax Cap – 2013 ($285,393) Tax Levy Over (Under) Tax Cap – 2012 ($119,572) The Town has been below the tax cap by $897,562 since enactment. 2017 Preliminary Budget Presentation

GENERAL FUND - TOWNWIDE (A) BUDGET SUMMARY GENERAL FUND - TOWNWIDE (A) 2016 Adopted Budget 2017 Preliminary $ Change % Change Revenue (excl. PILOTs) $1,112,502 $923,970 ($188,532) (16.95%) PILOT Revenue $54,500 $0 0.00% Unexpended Balance $434,368 $300,000 ($134,368) (30.93%) Appropriations $5,180,570 $4,883,273 ($297,297) (5.74%) Amount to be raised by Taxes $3,579,200 $3,604,803 $25,603 0.72% Note: Amounts are rounded to the nearest $1,000 2017 Preliminary Budget Presentation

GENERAL FUND - TOWNWIDE (A) TAX RATE GENERAL FUND - TOWNWIDE (A) 2016 Budget 2015 Tax Base 2017 Budget 2016Tax Base $ Increase (Decrease) % Tax Base $1,095,499,247 $1,107,368,262 $11,869,015 1.08% Tax rate per $1,000 $3.27 $3.26 $0.01 (0.36%) 2017 Preliminary Budget Presentation

GENERAL FUND – TOWN OUTSIDE VILLAGE (B) BUDGET SUMMARY GENERAL FUND – TOWN OUTSIDE VILLAGE (B) 2016 Adopted Budget 2017 Preliminary $ Change % Change Revenue $1,222,283 $1,234,922 $12,639 2.95% Unexpended Balance $365,981 $357,751 ($8,230) (13.88%) Appropriations $582,962 $574,673 ($8,289) (1.42%) Transfer Out to Highway Fund $1,005,302 $1,018,000 $13,000 1.29% Note : Amounts are rounded to the nearest $1,000 2017 Preliminary Budget Presentation

HIGHWAY FUND – TOWN OUTSIDE VILLAGE (DB) BUDGET SUMMARY HIGHWAY FUND – TOWN OUTSIDE VILLAGE (DB) 2016 Adopted Budget 2017 Preliminary $ Change % Change Revenue (excl. PILOT) $228,500 $270,700 $42,200 18.47% Transfer In from B $1,005,302 $1,018,000 $12,698 1.26% PILOT Revenue $25,000 $25,700 $700 2.80% Unexpended Balance $0 0% Approp. Capital Reserve $264,000 $231,750 ($32,250) (12.22%) Appropriations $2,912,923 $2,966,553 $53,630 1.84% Amount to be raised by Taxes $1,390,121 $1,420,403 $30,282 2.18% Note : Amounts are rounded to the nearest $1,000 2017 Preliminary Budget Presentation

HIGHWAY FUND – TOWN OUTSIDE VILLAGE (DB) TAX RATE HIGHWAY FUND – TOWN OUTSIDE VILLAGE (DB) 2016 Budget 2015 Tax Base 2017 Budget 2016 Tax Base $ Increase (Decrease) % Tax Base $1,012,072,546 $1,020,324,900 $8,252,354 0.82% Tax rate per $1,000 $1.37 $1.39 $0.02 1.46% 2017 Preliminary Budget Presentation

TAXES PER $200,000 OF ASSESSED VALUE TAX RATE TAXES PER $200,000 OF ASSESSED VALUE 2016 2017 $ Change % Change General Fund (A) $651.20 $651.06 ($0.14) (0.02%) Highway Fund (DB) $274.49 $278.42 $3.93 1.43% Total Town Tax $925.69 $929.48 $3.79 0.41% 2017 Preliminary Budget Presentation

Non-Property Taxes: Franchises, Sales Tax Department Income: Town Clerk fees, Recreation Charges, Landfill Charges, Real Property Tax Items: PILOTS, Interest/Penalties Licenses and Permits: Dog Licenses, Planning/Zoning Dept. Fees Building Dept. Fees Use of Money: Interest, Real Property Rentals 2017 Preliminary Budget Presentation

Public Safety: Police, Fire Protection, Animal Control, Building Dept. Transportation: Highway, Garage, Street Lighting, Road Maintenance and Construction Public Safety: Police, Fire Protection, Animal Control, Building Dept. General Government Support: Town Hall Departments Home and Community Service: Landfill, Planning/Zoning Department Culture and Recreation: Parks and Youth Departments, Libraries, Historian, Celebrations Health: Ambulance Economic Assistance: Publicity, Veterans Services, Programs for the Aging 2017 Preliminary Budget Presentation

THANK YOU! PUBLIC COMMENT? TOWN OF SCHODACK THANK YOU! PUBLIC COMMENT? 2017 Preliminary Budget Presentation