2014 Municipal Budget
-
Upload
hiram-miles -
Category
Documents
-
view
17 -
download
0
description
Transcript of 2014 Municipal Budget
![Page 1: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/1.jpg)
1
2014 Municipal BudgetTownship of Harrison
June 16, 2014
![Page 2: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/2.jpg)
2
2014 Budget Process
October – December 2013 Department Leaders submit 2014 budget requests Finance Team & Administrators review requests
January – February 2014 Administrators & Finance Team review & modify requests
February – June 2014 Finance Team inputs preliminary budget with modifications Preliminary budget is reviewed by Financial Advisors & Auditors Preliminary budget summary is reviewed with Administrators & Mayor May budget is introduced at Township Public Meeting
Public comments welcomed
![Page 3: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/3.jpg)
3
Where Your Tax Dollars GoBased on 2014 tax estimates
BudgetBreakdown
31.5% Harrison Twp. School
24.4% Clearview Regional
21.1% County Tax
1.5% County Open Space
3.0% Harrison Fire District
1.6% County Library
2.2% Municipal Open Space
14.7% Local Tax
![Page 4: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/4.jpg)
4
32%
25%
21%
2%3%1%2%
14%
Apportionment of Tax Levy – 2013 Actual
Harrison Twp. SchoolClearview RegionalCounty TaxCounty Open SpaceFire DistrictCounty LibraryMunicipal Open SpaceMunicipal Levy
![Page 5: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/5.jpg)
5
Local Tax Dollars Pay For…
14.76%
Police & Public Safety
Public Works Services
General Municipal Services
Trash & Recycling Collection & Disposal
Recreational Maintenance & Upkeep
Various Boards & Commissions
Capital Improvement Projects
* All of these services are provided through your total property tax bill
![Page 6: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/6.jpg)
6
2014 Capital ProjectsIncluded in this budget…
Construction of New Police Building Equipment for the Police Department Improvements to Various Roads Improvements to Wastewater Treatment
Plan Infrastructure Improvements & Equip. for
DPW IT Equipment/Computers for Municipal
Services
![Page 7: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/7.jpg)
7
Annual Challenges
à Living within State-mandated 2% CAP While maintaining basic services that exceed that cost (employee benefits, fuel, etc.)
à Harrison Local Tax Rate History NO increase for 8 consecutive years (1999-2006) Actual expenditures for period increased by 95% Accomplished through deferred school tax & using surplus from record housing starts
à Different World since 2008 Need to STOP utilizing deferred school tax option & replenish depleted surplus Liquor License Revenue
![Page 8: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/8.jpg)
8
Impact on 2014 Tax Rate
4.6 Cent Increase per $100 of Assessed Value
Equates to a $144 annual increase for average priced home (approx. $313K)
Or $12 per month (only “decision” was moving forward with new Police Building)
All other requirements added up to 2.5 cent increase ($7.50 per month)
Required down payment on Police Building is 2.1 cents ($5.50 per month)
![Page 9: 2014 Municipal Budget](https://reader036.fdocuments.in/reader036/viewer/2022072013/56812a44550346895d8d781f/html5/thumbnails/9.jpg)
9
Thank You!