2019 Budget Introduction

Transcription

1 2019 Budget Introduction March 19, 2019 Christopher Bardi Council President Finance & Administration Chair Maureen Chumacas Borough Administrator & CFO

2 Your Governing Body & Administration Borough Administrator / CFO - Maureen Chumacas Borough Clerk - Jock Watkins Recreation - Mike Colitti Public Works - Gary Schall, Chris Critchett Police Dept.- Chief McDonough, Captain Milden Fire Dept. - Chief Kent Yates, Doug Yates Courts- Judge William Connell Planning Board - Chairman Lou LaSalle Tax Assessor - Kevin Esposito Borough Auditor - Francis McEnerney, O Connor Davies Thank You!!

3 Goals of Our Administration & Budget Keep Roseland Affordable through Responsible Spending Keep Roseland Residents Informed through Increasing Transparency, Communication & Resident Involvement Keep Roseland Safe through investing in Our Community & Infrastructure Keep Roseland a Great Place to Live through Thoughtful Planning for the Future

4 Budget Highlights 2019 Budget = $14,942, % Municipal Tax Increase Minimal increase in appropriations of.50% above CY2018 Savings from retirements allowed for hiring of 4 incremental positions across the police department, public works, and administration. Legacy Costs are down 54% Additional investments/programs included in budget New Website Upgrade to the Public Access Channel (TV-35 / 46) Mayor s New Program - Summer Concert Series

5 Your Tax Bill * Based on Average Home $466,580 Municipality Local Schools** $2, $2, Regional Schools** $2, Essex County** $2, Open Space Library Total THE MUNICIPALITY IS RESPONSIBLE FOR ~26.4% OF THE OVERALL PROPERTY TAXES $93.32 $ $10, **Local School, Regional Schools, & County Taxes are estimated based on 2018 figures

6 How Your Tax Dollars are Spent Public Safety $5,378, DPW $1,836, Debt Service/Capital $1,462, General Government $1,368, Reserve for Tax Appeals $500, Legacy $612, Library $598, Utilities $521, Reserve for Uncollected Taxes $660, Solid Waste Collection $606, Liability Insurance $640, Court $212, Recreation $309, Land Use/Code Enforcement $235, Total Spending $14,942,784.94

7 Anticipated Revenues Fund Balance Anticipated $1,519, Licenses-Fees and Permit $445, Interest $105, Franchise Fees $108, Lease Agreements 150, State Aid $837, Utilities Surplus $785, Pilot Agreement $61, Receipts from Delinquent Taxes $218, Library Tax $598, Reserve to Pay Debt $120, Total Revenues $4,982,493.95

8 Investing in Our Community - Public Safety Priority Projects Breathing Apparatus / Air Packs Fire Hose Mobile Vision Cameras Vehicle Plate Readers

9 Investing in Our Community - Infrastructure Priority Projects Improvements to Municipal Buildings Road Resurfacing Conover Avenue-DOT Funding Stonegate Drive Steel Court, Crestview Court, Cobb Terrace and Baldwin Court Water Main Replacement (multi year) & system improvements Replace Pressure Regulators Collection System Improvements Pump Station Improvements

10 Investing in Our Community - Recreation Priority Projects Upgrade Parks and Playground Equipment over the next 3 years Resurface Tennis Courts / Multi Purpose Court

11 The Bottom Line 1 Determining the amount to be raised by taxation: Total Appropriations $14,942, Amount to be raised by taxation $9,960, Total Revenue (incl Library Tax) $4,982, Calculating the Tax Rate: Amount to be raised by taxation $9,960, Total Assessed Valuation $1,673,161, Municipal Tax Rate.595%

12 What does this mean to you? 3 Year Tax Rate Inc./(Dec)%.55% 1.85% 1.95% Increase Amount $15.39 $51.05 $52.91 Calculating the Tax Rate: Average Assessed Value $466, Municipal Tax Rate.595% 100 Municipal Tax $ $2,776.15

13 Our Vision for the Future Institute a 10 Year Capital Improvement Plan Reduce our Debt and strive to become debt free in 10 Years Explore Additional Shared Services Opportunities

14 Thank You!