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

2. 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

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

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

5. 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

6. 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

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

8. 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

9. 2018 ESTIMATED PROPERTY TAXES percentage of total levy

10. 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 , or 1.69%

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