Budget Presentation - Town of Windsor

townofwindsorct.com

Budget Presentation - Town of Windsor

Community Stewardship

Walgreen’s


Budget Development Priorities

Preserve services


Budget Development Priorities

Reinvest in our

capital

infrastructure


Budget Development Priorities

State of Connecticut General Fund Deficits

(in millions)

$500.0

$0.0

($500.0)

($1,000.0)

($1,500.0)

($2,000.0)

($2,500.0)

($3,000.0)

($3,500.0)

FY

2008

FY

2009

FY

2010

FY

2011

FY

2012

FY

2013

FY

2014

Fiscal Year

Source: State of Connecticut Office of Policy and Management, 1st Quarter 2010

Be mindful of the state’s FY 2012 picture


20.00%

10.00%

1.89%

8.23%

14.95%

0.00%

-10.00%

-20.00%

-30.00%

-40.00%

-50.00%

-60.00%

-52.99%

Property Tax State/Federal Aid Other Non-Tax

Revenue

Opening Cash


A few notes on revenues…

Property tax = 80.5%

Grand List growth has stagnated

$550,000 less in non-tax revenues

Reduce use of reserves


Proposed FY 11

General Fund Revenues

Grants

2.2%

Fines and

Penalties,

Other

Revenues

0.1%

Revenues

from Use of

Assets

0.6%

State School

Aid

13.8%

Revenues

from Other

Agencies

0.5%

Charges for

Current

Services

0.7%

Opening Cash

0.9%

Licenses and

Permits

0.6%

Property Tax

80.5%


Ongoing Cost Containment

Health Insurance

Energy Retrofits

Wage Freezes

Cut Positions

Regional Purchasing

Refinance Debt


Budget Summary

FY 2010

Adopted

Budget

FY 2011

Proposed

Budget

$

Change

%

Change

Board of

Education

60,724,650

60,724,650

0

0.00%

Town Operating

Budget

25,658,810

26,543,630

884,820

3.45%

Sewer Service

(MDC)

2,798,360

2,798,500

140

0.01%

Debt Service

5,888,150

5,888,150

0

0.00%

Capital Projects

0

314,600

314,600

100.00%

Total

$95,069,970

$96,269,530

$1,199,560

1.26%


Proposed FY11

General Fund Expenditures

Recreation &

Leisure Services

1.4%

Town Support

for Education

4.4%

Public Works

5.4%

Human Services

0.8%

Misc. Admin.

Services

2.5%

General

Government

0.9%

Safety Services

9.0%

Health Services

0.5%

Board of

Education

63.1%

Development

Services

1.8%

Library Services

1.6%

General

Services

8.7%


Capital Reinvestment

Historical Comparison of Pavement Management Funding

$700,000

$600,000

$500,000

$400,000

$300,000

$200,000

$100,000

$-

LOCIP

$185,552

General

Fund

$425,000

LOCIP

$184,330

LOCIP

$184,330

General

Fund

$314,600

FY 1996 FY 2010 Proposed FY 2011

11.0

10.0

9.0

8.0

7.0

6.0

5.0

4.0

3.0

2.0

1.0

0.0

Total funding

Miles Paved


Recap

Decreasing revenues

$1.2M or 1.26% budget increase

Capital infrastructure reinvestment


Town Tax History

(without revaluation)

FY 07

1.98%

FY 06

-0.35%

FY 08

0.00%

FY 09

0.00%

FY 10

-0.96%


Proposed Budgetary

Tax Increase

Less revenues = 0.75%

2.6%

Expenses = 1.19%

Capital = 0.42%

Less use of reserves = 0.24%


Revaluation Phase In

• Year 2 of 5

• Unique impact on

each property

• Raising same amount

of taxes town-wide

• Tax calculator on

website


Community Stewardship


Questions

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