1. Budget Overview Belmont Town Meeting May 11, 2011

2. Projections in November 2010 ($000) FY2011FY2012 (f)% change Key drivers Total Revenue$ 83,981$ 85,5471.9%No new growth State aid down 15% Free cash drawdown of $2 million Non discretionary expenses $ 14,853$ 14,913.4%Debt service down 10% Pensions up 12% MM up 13.1% Revenue available for operating budgetChange of $ 69,128$ 70,634$1,506 or 2.1% Which meant…… School budget $40,565 Town budget $30,069

4. RevenueHow much?Why? Overlay surplus- $225,000Tax payment plans State aid$1,002,800Relative need Circuit breaker$400,000Offset ARRA grant loss Ambulance fees$150,000BFD initiative Cost savings Health care$ 271,400Good plan experience Retiree plan redesign BMLD rate$122,800Management initiative Trash contract$170,000DPW initiative Non- discretionary costs $900 MM up, State cost down What changed?

5. Additional funds available for programs

6. After discussion, BOS and SC agreed upon, voted, and WC recommends…

7. Proposed FY 2012 Budget

8. Translated into programs…… For the Schools New money allows: Restoration of all classroom experiences (Music, Art, AP classes, foreign language, etc.) High school librarian Full time nurses Guidance counselors ……and more For the Town New money provides: Library hours Trees Two more roads Sidewalk repair DPW vehicle repair ……..and more.

9. FY2013

10. FY 2013 Challenges Town wide: Post employment medical benefits Town departments: Pension and disability School Department: Compensation

11. Department Size

12. Solutions: Work in Progress Police and Fire: disability study underway School Committee: finance and planning committee Education of Senate re health plan design Health plan redesign independent of State Collective bargaining discussions New approach to development …and more

13. Proposed FY 2012 Budget

14. FY2012 Proposed Budgets by Department