1. Special Town Meeting Spring 2018
MILLVILLE
Special Town Meeting
Spring 2018
Where would you start?? In your personal life, you might look at your source(s) of income and your bank account.

2. Town is at Fiscal Crossroads
How Did We Get Here &
Why An Override Now ?

3. THERE IS REALLY NO NEW GROWTH

4. Total Assessed Value: A Decade Of Decline

5. ARE RESIDENTS OVERTAXED?
Millville: $4,537.44

6. REGIONAL COMPARISON TAX RATES
YEAR
UPTON
(2,100)
SHERBORN
(4,119)
HOPEDALE
(5,911) *
MILLIS
(7,891)
MENDON
(5,839)
BLACKSTONE
(9,026)
HOLLISTON
(13,547)
UXBRIDGE
(14,137)
MILLVILLE
(3,190)
2010
12.77
17.44
13.52
13.64
12.47
14.05
16.31
12.55
11.79
2011
14.64
17.72
14.39
15.41
13.67
15.51
17.94
13.72
12.61
2012
15.03
18.22
14.86
15.49
14.42
16.92
18.32
15.10
13.17
2013
16.72
19.72
16.34
15.22
17.99
18.62
16.28
15.11
2014
16.95
20.34
16.29
17.06
16.02
18.83
19.88
17.31
17.18
2015
20.32
16.58
17.00
16.01
19.48
19.38
17.40
17.24
2016
18.56
20.57
16.83
17.25
19.34
18.79
17.57
16.91
2017
18.16
20.46
17.29
18.42
17.75
19.26
18.52
16.96
16.11
2018
17.23
19.30
17.58
18.02
19.49
18.67
17.17
16.56
* Split Rate Town

7. This Is Not A Spending Problem
Flat Revenues & Growth

8. Nominal Growth in Town Budget

9. Why? The State support of student transportation and Chapter 70 essentially remains flat as these expenses increase.

10. Contribution Trends to BMRSD
Shows where some of our reserve goes
Indicates year to year contribution
Reflects Average Annual Increase ~4.58%
Town is limited in raising its levy capacity to meet such increases by only 2.5% every year.

11. KEEPING AFLOAT WITH ONE TIME REVENUES
Utilities Agreements $30,925
Tax Title & RE Demands $180,000
Capital Equipment $160,000
Renegotiate Agreements $50,000

12. Use of One Time Revenues
*** It is recommended by the Massachusetts Municipal Association and the Government Finance Officers Association that budgets not be balanced with the use of one time revenue sources, including Stabilization, Free Cash & Overlay Surplus.

14. GOING AFTER GRANTS Grants FY2017/18 Amounts Total $1,543,834 MassWorks
$1,000,000
Complete Streets
$229,462
Demolition
$20,000
Shared Planning
$30,000
Financial Mgt Practices
$40,000
Information Technology
$57,000
OSRP
$11,000
DPW Road Safety
$2,987
META Green Community
$12,500
Parks/Playgrounds
$100,000
Public Safety/Emergency
$40,885
Total
$1,543,834
GOING AFTER GRANTS

15. 3 YEAR BUDGET PROJECTION
FY2018 % of Budget
Projected FY2019
Projected FY2020
Projected FY2021
General Governement
7.88%
533,283
541,139
545,773
Public Safety
14.46%
967,082
1,007,254
1,050,606
Unclassified Education
0.79%
49,709
Regional Education
46.50%
3,264,052
3,551,615
3,708,674
Regional Vocational
9.13%
637,600
669,479
702,953
Public Works
4.50%
364,377
386,201
408,071
Health & Human Services
5.43%
351,633
362,112
370,840
Culture & Recreation
0.85%
54,369
55,307
56,280
Other Unclassified Shared Costs
6.97%
451,220
473,641
497,699
Total Operational
6,673,324
7,096,458
7,390,607
Total Special Articles
147,500
137,500
Net Operating Surplus (Loss)
(687,738)
(940,444)
(1,075,299)

16. Why Can’t We Cut To Balance It? Library, Senior Center & Veterans
$79,736
$207,698
Fire & EMT
Services
Library, Senior Center & Veterans
$289,641
$71,197
Town Hall
All Depts.
$439,074
Highway
Police &
Dispatch

17. What Do We Have To Do To Fix The Problem And Avoid Receivership?

18. TOP PRIORITY: Must Right-Size Our Budget
Set Priorities
3 Year Financial Forecast & Plan
Improve Financial Practices
Pursue Grants
Collections & Delinquency
Follow Capital Plan & Maintain Existing Infrastructure
BMRSD: 3 Year Budget Plan

19. WE Need to couple A right-sized budget with a Reset Tax Rate
SPECIAL TOWN MEETING
WE Need to couple A right-sized budget with a Reset Tax Rate