1. Town of Redding Selectmen’s Budget FY 2015-2016 Board of Finance Public Hearing Presented: March 12, 2015 3/12/151

2. Change from Legal Notice 2015-16 Budget Legal Notice$ 14,075,5682.06% Adj: BAN Principal 84,850 Adjusted Total$ 14,160,4182.68% 3/12/152

3. Budget Assumptions REVENUE –Grand List increases $ 3.8 Million, or.24% –Revenue from Town Services are flat –State Aid is projected at this year’s level EXPENDITURES –Fund Mark Twain Library at requested amount –Debt service –Fund revaluation over 3 years using CNRE –Delay highway equipment lease purchase –Reduced PD overtime due to new contract and SSO –Restoration of prior year funding to Highway Salt & Special Legal 3/12/153

4. Major Increases > 10K v Current Year Budget BAN principal $ 241,050 Medical Insurance 63,700 Capital Non-Recurring Reserve 60,000 Legal Expense 50,000 Salt for Roads 50,000 Police Dept Contractual Salary 36,598 Library 32,052 Leased Equipment 30,599 Transfer Station Salary 20,000 Liability and Auto Insurance 18,300 Tennis Court Repair 10,000 3/12/154

5. Major Reductions > $10K v Current Year Budget Highway Salaries( 61,729) Interest on ST Notes( 58,228) Bond Interest( 56,893) Transfer Station Salaries( 51,164) Retirement Fund Amortization( 38,000) Gas and Diesel( 29,000) Contingency( 20,000) Police Dept Holiday Pay( 15,800) Heating Oil( 12,000) BAN Fees( 10,000) 3/12/155

6. 2015-16 Combined Budget Total Dollars Selectmen’s Budget –$ 14,160,418 Board of Education –$ 21,569,918 Region 9 (Proposed March 9th) –$ 12,433,345 TOTAL $ 48,163,681 Increase 1.47 % = $ 697,360 3/12/156

7. Capital Projects Approved from the 5-Yr. Capital Plan RCC 2 Turf Field 660,000 Public Safety Communication Tower 123,000 Shelter for RCC Fields 47,000 New Capital Total 830,000 Previously Approved Yr. 2 Road Reconstruction 1,647,000 TOTAL New Borrowing $ 2,477,000 3/12/157

8. Capital Projects Detail Artificial Turf Field Detail: Base Bid $ 948,750 Alternate Turf “Vertex” 15,000 Netting 24,000 Project Management 12,000 Field Maintenance Equipment 0 10% contingency 99,975 Artificial Turf Field TOTAL$ 1,100,000 Less: STEAP & Contributions 440,000 NET Funding Required $ 660,000 3/12/158

9. Capital Projects Detail 3/12/159

10. Capital Projects Detail Park and Recreation Pavilion Shelter for RCC Fields Camps Events Rentals $47,000 3/12/1510

11. Capital Projects Detail Public Safety Communications Tower 100’ Monopole Tower Previously Approved $ 300,000 New funding required 123,000 Why do we need additional funding? ZBA & Planning Commission approvals necessitate additional expenditures to accommodate land use requirements Total Tower Expense $ 423,000 3/12/1511

12. 3/12/1512

13. The FY 2015-16 Budget Supports Our quality of life through continual improvement of town services Maintenance & Reconstruction of 93 miles of roads Improved Park & Rec and Senior Programs Collaboration between our schools and our Police Dept to enhance school safety Mark Twain Library, a valuable cultural resource center for our community Use of technology to increase productivity and gain efficiencies 3/12/1513

14. Historical Budget Totals 3/12/1514 Budget% ChangeMill Rate 2005-06 $37,195,6717.46%22.74 2006-07 $39,444,4806.05%22.74 2007-08 $41,882,0476.18%22.74 2008-09 $42,617,4161.76%21.00 2009-10 $43,157,8061.27%21.79 2010-11 $44,174,7372.36%22.22 2011-12 $45,769,0823.61%22.79 2012-13 $46,929,5102.54%23.28 2013-14 $47,537,7841.30%28.95 2014-15 $47,466,321-0.15%28.91 2015-16Proposed $48,163,6811.47%

15. Thank you! 3/12/1515 Department Heads Employees Board and Commission Members Volunteer Fire and EMS Resident Volunteers Redding Taxpayers