town of springfield - 2013 budget town hall meetings
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2013 Budget Town Hall Meetings
April 18, 2013 & April 19, 2013
Presented by: David Barnett, Finance Committee Chair
David Amlen, Mayor
Township of Springfield
• Local, 32% • County, 19% • Schools, 49%
Property Tax Breakout*
Local County Schools
*2013 Estimate, Not certified as of 4/18/2013
• Deliver a local budget that minimizes the tax burden on the resident
• Develop new revenue streams • Maintain or improve current levels of services • Protect funding for PUBLIC SAFETY • Prevent layoffs or furloughs • Control departmental spending • No new full-time hires • Maintain healthy surplus to support bond rating,
extraordinary events and the 2014 budget
Budget Objectives
TAX INCREASE per AVG HOUSEHOLD*
0.18% = $5.85
Appropriations
2013 $ 29,713,758 2012 $ 29,329,096
Increase $384,662
*Local Only
Appropriations – Break Out
2013 2012 % ch OPERATING EXPENSES $18,752,437 $18,530,450 1.2%
WAGES $10,961,321 $10,798,646 1.5%
TOTAL $29,713,758 $29,329,096 1.3%
Revenue
2013 (Budget) 2012 (Budget)
Surplus Anticipated $ 2,995,404 $ 2,893,406 Local Revenues $ 761,001 $ 774,000 State Aid $ 1,753,357 $ 1,753,357 Construction Code Fees $ 215,000 $ 50,000 Inter-local Agrmt BOE $ 100,000 $ 100,000 Grant Money $ 32,997 $ 80,603 Other Revenue $ 718,900 $ 620,000 Delinquent tax $ 630,000 $ 676,000 FEMA SANDY $ 100,000 n/a General Revenues $ 7,306,659 $ 6,947,367 Library Tax $ 898,504 $ 943,012 Local Municipal Tax $ 21,508,596 $ 21,438,717 Total General Revenue $ 29,713,758 $ 29,329,096
Top 10 Expenses 2013 2012 %
Medical Insurance $3,813,553 $3,431,596 11.1% RVSA Sewer $2,250,500 $2,084,251 7.9% Police & Fire Retirement $1,387,900 $1,359,055 2.1% Bond Principal $1,210,000 $1,210,000 0.0% Library $1,023,600 $1,093,581 -6.4% Reserve Uncollected Tax $1,000,000 $1,000,000 0.0% Red Light Camera $456,000 n/a n/a BAN Principal $710,000 $322,857 119.9% Insurance Liability $495,479 $480,500 3.1% Public Employee Retirement $475,810 $503,787 -5.6%
TOTAL $12,822,842 $11,485,627 11.6%
• Passaic River Litigation – $95,000 Settlement • Super Storm Sandy cost the town about $650,000.
About $252,000 must be absorbed by the town a portion of the remainder is expected from FEMA
• The Red Light Camera is anticipated to generate $656,000 in total revenue yielding $200,000 in net revenue. The cost to the Township is $456,000
• A Bond Anticipation Notes (BAN) principal payment of $710,000 is planned. This payment will reduce the Town’s debt as well as future expenses.
2013 Special Expenses
• $2,600,000 has been earmarked for capital improvements – New Road Paving and Improvements – Dike and Flood Prevention Upgrades – Sewer Improvements – Storm Preparedness – Chisholm Senior & Recreation Center Restoration – Pool Filter Replacement – New Police and Fire Equipment – Continue Downtown Redevelopment Efforts
Capital Improvements
• Initial objective to control taxes and minimize any increase to the residents
• 2013 budget is very close to 2012 levels • $5.85 (0.18%) increase per average household for
the year [ local tax only] • No reduction current township services • Despite $650,000 in expenses from Sandy, the
budget increase is minor • Increases efficiencies that will benefit the Town in
2014 • Maintains strong surplus for extraordinary events
bond rating and 2014 budget
Summary
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