Budget Introduction – February 20, 2018

Slides:

Advertisements

Similar presentations

Borough of Belmar 2014 Budget Presentation Total Municipal Budget is $23,029,

Advertisements

Borough of Haddonfield 2010 Community Budget Briefing Jeffrey S. Kasko, Commissioner Sharon McCullough, Administrator July 22, 2010.

2014 Budget Public Hearing April 22, 2014 Presented by: David Barnett, Deputy Mayor Richard Huber, Mayor Township of Springfield.

Plumsted Township 2013 Budget Questions or Comments Contact: Mayor David Leutwyler

1 TOWNSHIP OF CRANFORD 2004 MUNICIPAL BUDGET Budget Summary Tax Impact Revenues Departmental Budgets Health Care Cost Burden Capital Budget Projects Potential.

Township of Galway Cavendish and Harvey 2009 Budget.

Mayor Michael J. Reina April Municipal Budget Township of Jackson.

2014 MUNICIPAL BUDGET. It is the expectation of the Council to develop community driven policy whose intent will be to ensure a safe, clean, secure environment,

How much did the average homeowner pay in property taxes for the Police Department in 2011?

Thornton Township High School District 205 Presentation of Final Levy December 22, 2014.

TOWNSHIP OF CRANBURY 2013 MUNICIPAL BUDGET Presented By: Denise Marabello,CMFO Township Administrator/Director of Finance ADDENDUM A.

Budget Presentation March 3, 2015 TOWN OF COLCHESTER Fiscal Year

KINGWOOD UDGET PRESENTATION TOWNSHIP OF KINGWOOD 2012 BUDGET PRESENTATION.

1. 2 Valuation Growth – Will most likely show little to no growth again in 2010 affecting the 2011 mill levy rate. Retail Sales – Sales tax collections.

2012 City Budget Public Hearing Budget Process Annual Revenue Survey – February 22 First Budget Work Session – May 2 Second Budget Work Session.

Budget Presentation Public Hearings March 30, 2015 March 31, 2015 TOWN OF COLCHESTER Fiscal Year

2008 Budget Headlines Final tax increase is 9.38%, which includes 4% levy cap ($797,748), plus ($1,094,808) in State pass throughs. State Aid allocation.

2006 Budget Challenges Additional Increases in Pension Contributions = +$451,200 Additional Assessment from RVSA = +$315,000 Increases in Fuel and Utility.

2007 Borough Budget Budget Introduction Public Forum Public Hearing, possible adoption.

Township of Lawrence 2007 Municipal Budget March 26, 2007 MayorGregory Puliti Council MembersMark Holmes Richard Miller Pamela Mount Michael Powers.

Town of New Castle 2014 Budget Presentation. What is the Tax Cap? Amount the Town is permitted to raise taxes. The Town Board can vote to override the.

TOWNSHIP OF MAPLE SHADE 2015 MUNICIPAL BUDGET PRESENTATION Mayor Claire Volpe Deputy Mayor Lou Manchello Councilman Rob Wells Councilman Nelson Wiest Councilman.

2014 Municipal Budget Township of Harrison June 16,

Proposed 2013 Property Tax Levy Tax Levy 2013 levy request = $21,814,158 Operating levy frozen since 2009 levy Estimated decrease in city-wide EAV.

2007 Budget Headlines Two Full Time positions reduced to Part Time One Part time position eliminated Effective collective bargaining negotiations – Total.

2011 Tax Levy Hearing Board of Education Meeting December 19,

Significant revenue declines and the need for significant appropriation reductions to balance the budget have been the main focus of the 2011 municipal.

School District of Osceola County Overview of Budget & Millages August 6, 2009.

City of Texarkana, Arkansas Discussion of 2011 Mid-Year Budget General Fund & Public Works Fund.

2008 Total Tax Collections $125,663, Budget Headlines State Aid allocation has significantly decreased again in the amount of $315,928. Total.

Town of Adams FY2012 Budget Presentation. TOWN OF ADAMS FY2012 BUDGET PRESENTATION.

Proposed FY 2016 Budget Town of Lisbon Presentation to Board of Selectmen October 7, 2015.

Fiscal Year Revenues and Expenses  Recurring Revenues Fund Recurring Expenses Property Taxes State Aid Estimated Local Receipts Other Available.

Town of New Castle 2016 Budget Presentation Tax Cap Information  The tax cap refers to the amount the Town is permitted to raise the tax levy.

City of Pitt Meadows Taxation 101– Townhall Meeting February 4, 2016.

Alliance Policy & Management Group TAX YEAR 2015 UPDATE SEPTEMBER 18,

Budget Presentation January 14, 2015 Agenda Review Estimated Actual Results Review Budget Timeline Review Preliminary Budget.

CITY OF HAPEVILLE FINANCIAL STATEMENT ANALYSIS NINE MONTHS ENDED MARCH 31, 2009.

Newark CSD Board of Education February 10, Budget Discussion.

REVENUE OVERVIEW FY2016 PROPOSED BUDGET July 28,

Budget/Millage Rate FY 2017 Proposed Budget June 20, 2016.

TOWNSHIP OF LOWER MERION Proposed 2009 Budget. 2 Proposed 2009 Budget Schedule 2009 Budget Distributed to BOC and Public: 2009 Budget Distributed to BOC.

Town meeting handout Article 3

MANCHESTER TOWNSHIP 2017 MUNICIPAL BUDGET

Budget Introduction – April 18 , 2017

City of Des Peres, Missouri

Municipality of South Bruce

CITY OF NEW SMYRNA BEACH

CITY OF WASECA 2017 Property Tax Levy Based on Recommended Budget Truth In Taxation Meeting December 6, 2016.

FY18 PROPOSED OLD ORCHARD BEACH MUNICIPAL BUDGET

Town of Mamaroneck 2015 Preliminary Budget

Mid-Year Financial Review Fiscal Year

2017 PRELIMINARY BUDGET PUBLIC HEARING NOVEMBER 3, 2016

City Council Meeting December 6, 2017

MUNICIPAL BUDGETED PROPERTY TAX COMPARISON The following is a yearly property tax comparison from FY to FY :

Newark CSD Board of Education February 15, 2017

Elizabeth City Council

FY 2019 Proposed Budget Hall County Board of Commissioners

FINAL 2018 Budget December 14, 2017 City Council Meeting 12/14/2017

Duxbury’s Education Spending in Context

2017 Calendar Year Budget Presentation

Proposed 2018 Budget Truth In Taxation Hearing December 5, 2017

2015 Municipal Budget Overview

City Revenues and Expenditures

December 10, BUDGET PRESENTATION.

Newark CSD Board of Education February 13, 2019

Commission Workshop 3 Budget Presentation

FY2019 Proposed Budget Open House

First Public Hearing to Adopt the Tentative Budget and Millage Rate

Presentation transcript:

Budget Introduction – February 20, 2018 Township of Millburn Budget Introduction – February 20, 2018

Budget Analysis Amount to be Raised by Taxation = 0 % increase Total municipal budget $58,082,642 What are the “drivers” Insurance Health, Workmen's Compensation, and General Liability Capital Improvements Micro-paving of various Township roads Sewer Pump Station Improvements – Mohawk and Slayton Radios upgrades for Police and Fire Mill and pave of Willow/Bleeker

Appropriations Revenues Municipal Taxes BUDGET SUMMARY Rate = $.431 Within CAP = $44,503,368.98 (76 %) Outside CAP = $13,579,273.46 (24 %) Total = $58,082,642.44 = 7% increase Appropriations General Revenues = $7,584,392.00 (13%) Surplus Anticipated = $4,843,677.00 (8%) Amount to Be Raised = $42,200,406.44 (73%) Library = $3,454,167.00 (6%) Revenues Rate = $.431 Amount To be Raised = $42,200,406.44 = 0% increase Municipal Taxes

Budget Summary - Appropriations $4,253,152.85 (Capital and RUT) 7.32% Remaining Items $6,551,499.21 11.28% Discretionary $47,277,990.39 81.40% Non-discretionary

BUDGET SUMMARY-General Revenues Local Revenues ($2,192,000) State Aid and Grants (2,428,523) Other (3,023,869) ABC Fees & Permits Licenses Interest Golf, Recreation, Pool Court Construction Energy Tax Receipts Municipal Alliance Various Public Safety Clean Communities Joint Meeting Hotel Tax Cable Franchise Fees Capital Fund Balance/Reserve for Debt Service Other Trust Funds Receipts from Delinquent Taxes

What do I get for my dollar? GENERAL GOVERNMENT $0.13 PUBLIC SAFETY $0.27 MUNICIPAL SERVICES $0.24 CAPITAL/DEBT $0.08 STATUTORY/INSURANCE $0.29

DEBT SERVICE COMPARISON Rating Agencies view Debt to Budget Ratio – Should be no more than 10% of budget

PROPERTY TAX LEVIES 2018 (Estimated) 2017 % CHANGE MUNICIPAL TAXES $42,200,406.44 $42,200,414.92 0% LOCAL SCHOOL DISTRICT $87,258,218.46 $85,547,273.00 2.0% COUNTY TAXES $52,374,833.78 $51,347,876.25 LIBRARY $3,454,167.00 $3,241,551.47 6.6% TOTAL TAX LEVY $185,287,625.68 $182,337,115.64

2018 ESTIMATED PROPERTY TAXES percentage of total levy

TOTAL PROPERTY TAX BILL COMPARISON (AVG. RESIDENTIAL VALUE = 1,278,197 2018 (ESTIMATED) 2017 MUNICIPAL TAXES $5,516.82 $5,509.03 LOCAL SCHOOL DISTRICT $11,407.19 $11,171.45 COUNTY TAXES $6,846.91 $6,710.54 LIBRARY $451.56 $421.81 TOTAL TAX BILL $24,222.48 $23,812.83 2018 EST. TOTAL $ TAX EFFECT Increase of 409.65, or 1.69%

WHAT’S NEXT ? Introduce by Resolution – 3/6/2018 Adoption – 4/17/2018