1. 2017 PRELIMINARY BUDGET PUBLIC HEARING NOVEMBER 3, 2016
Town of Schodack
2017 PRELIMINARY BUDGET
PUBLIC HEARING
NOVEMBER 3, 2016
2017 Preliminary Budget Presentation

2. Where Does Your Tax Dollar Go?
2017 Preliminary Budget Presentation

3. 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

4. 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

5. 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

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

7. 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

8. 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

9. 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

10. 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

11. 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

12. 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

13. 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

14. 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

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