Total Budget - All Funds (millions)

Transcription

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2 Total Budget - All Funds (millions) Increase/ (Decrease) Increase/ (Decrease) Operating $96.9 $100.8 $3.9 4% Capital (4.8) (51%) Debt Service (0.5) (6%) Enterprise Funds (0.1) (1%) Others % Total $138.6 $137.5 ($1.1) (0.8%)

3 Budget Comparison - General Fund* 2006 vs (millions) Increase (Decrease)% Operating $ 84.3 $ % Capital % Debt Service % Totals $ 96.9 $ % Budget Increase ($) $ 3.9 *Tax Levy Portion

4 MAJOR CURRENT DEVELOPMENTS Palmer Square Parcel 1 A (Trump Plaza) Avalon Phase II Church/Division LeCount Square

5 PROPERTY TAXES 42% of Revenues Less than cost of Public Safety Multi-year considerations

6 MUNICIPAL TAX RATE INCREASES MUNICIPALITY AGGREGATE TAX INCREASE LAST 10YEARS Yonkers Peekskill Rye Mount Vernon White Plains AVERAGE 5 Cities NEW ROCHELLE 98% 68% 66% 65% 53% 70% 44%

7 REFUSE FEE REDUCTION 2006 REVENUE = $ 3,520, REVENUE WITH 25% FEE REDUCTION = $ 2, 640,000 REVENUE LOSS = $ 880,000

8 FY 2007 REVENUES 4.9% PROPERTY TAX INCREASE = $ 1,900,000 25% REFUSE FEE REDUCTION = (880,000) NET REVENUE GAIN = $ 1,020,000 COST OF UNION SALARY INCREASES = $ 2,000,000

9 SALES TAXES Sales Taxes Est Proj.

10 Taxable Assessment Roll Dollars (Millions)

11 NYS BUDGET AID TO MUNICIPALITIES STATE AID PER CAPITA YONKERS $ 523 SYRACUSE 429 ROCHESTER 326 ALBANY 120 WHITE PLAINS 105 MOUNT VERNON 95 NEW ROCHELLE $ 87 (19 TH Out of 20 Largest cities)

12 2007 REVENUE INCREASES/(DECREASES) FROM 2006 BUDGET Property Taxes $1,900,000 Sales Taxes Mortgage Tax/State Aid 1,400,000 1,887,000 Investment Income 500,000 Residential Refuse Fee One Time Items (880,000) (2,050,000)

13 SALARIES AND ALLOWANCES GENERAL FUND $45 MILLIONS $$$ $35 $ Est 2007 Proj.

14 2007 NEW POSITIONS 2 Police Officers (part year) 3 Housing Code Inspectors 3 Sanitation Workers (part year) Parks Bureau Laborer (part year) Engineer (DPW) Customer Service Representative (P&R)

15 HEALTH INSURANCE COSTS GENERAL FUND $14,500,000 $8,500,000 $7,500,000 $6,500,000 $5,500,000 $8,500,000 $4,500,000 $12,500,000 $10,500,000 $6,500,000 $4,500, est proj est proj.

16 RETIREMENT COSTS GENERAL FUND $7,500,000 $6,000,000 $4,500,000 $3,000,000 $1,500,000 $ Est Proj.

17 NEW/ENHANCED PROGRAMS Additional Ambulance $ 240,000 Heritage Initiatives 100,000 Traffic Calming 190,000 Public Relations/Marketing 170,000 Citizens Notification System 80,000

18 2007 EXPENDITURE INCREASES/(DECREASES) FROM 2006 BUDGET Salaries/Allowances Health Insurance New/Enhanced Programs New Positions Debt Service Utilities and Fuel Workers Compensation Transfers to CIF $ 2,000,000 1,000, , , , , ,000 (1,700,000)

19 ONE- TIME REVENUES LAND SALES $ 5.6 MILLION MORTGAGE TAX CATCH UP $ 3.5 MILLION BUILDING PERMITS $ 1.3 MILLION 2007 ESTIMATED $ 0

20 YEAR ENDING UNRESERVED FUND BALANCE 12 MILLIONS $$ Actual 2004 Actual 2005 Actual 2006 Estimated 2007 Proposed 2008 Projected 2009 Projected

21 Economic Development Begin construction of Phase I of the Church/Division redevelopment project. Implement Union Avenue and West Main Street Gateway improvements. Monitor construction progress of Avalon Phase II and Trump Plaza developments. Select exclusive developer for Echo Bay project, complete development agreement and initiate SEQRA.

22 Public Safety Add a third ambulance between the hours of 7 am and 7 pm daily. Reduce acts of vandalism and criminal mischief through enhanced enforcement. Aggressively enforce quality of life issues. Install laptop computers in fire apparatus. Conduct high rise fire training and develop a high rise operation procedure.

23 Public Works Field Operations Begin design of new City Yard facility. Complete North Avenue Streetscape College District. Begin construction of Lincoln Avenue rehabilitation. Complete various drainage improvements, including Coventry Lane, Maywood Road and Calton Road.

24 Culture and Recreation Begin to implement the recommendations of the Ward Acres Master Plan. Develop a master plan for City Park. Complete a series of projects at various sites, including D Onofrio Park, Hudson Park and Library Green. Begin Historic Initiatives program. Implement Friends of Older Neighbors outreach program. Establish a West End youth initiative program during the summer evening hours.

25 Technology Install a modern Voice over Internet Protocol (VOIP) telephone system. Enhance the New Rochelle website to include additional on-line services. Upgrade City Clerk software including parking permits and access to vital records. Implement the Connect City citizen notification system for emergency communications.

26 OPERATING EXPENSES - By Function - $100.8 Million TRANSFERS TO OTHER FUNDS/ DEBT SERVICE 14% OTHER PARKS, 9% RECREATION, YOUTH & AGING 4% GENERAL GOVERNMENT 8% PUBLIC WORKS 17% PUBLIC SAFETY 48%

27 OPERATING BUDGET EXPENSES- By Type of Expense - $100.8 MILLION VARIOUS UNDISTRIBUTED AND PAYMENTS TO OTHER AGENCIES 2% INTERFUND TRANSFERS AND DEBT SERVICE 14% CONTRACTUAL EXPENSES AND EQUIPMENT 14% PERSONAL SERVICES AND FRINGES 70%

28 OPERATING BUDGET REVENUES $ Million FEDERAL & STATE AID OTHER 19% APPROPRIATED FUND BALANCE 5% PROPERTY TAX LEVY 40% 11% SALES TAX 25%

29 CAPITAL IMPROVEMENT PROGRAM FY 2007 PROPOSED $5,511,836 Vehicle Replacement 22% Equipment Upgrade 5% Parks and Public Facilities 25% 48% Infrastructure and Environmental

30 2007 CAPTAL IMPROVEMENT PROGRAM MAJOR PROJECTS $1.5 MILLION STREET RESURFACING, SIDEWALKS AND STREETSCAPE (INCLUDING WEST END) $1.2 MILLION VEHICLE REPLACEMENT $1.2 MILLION WARD ACRES (BOND- FUNDED) $381,000 NORTH AVE SIGNALIZATION $320,000 SEWERS, STORM DRAINS, TREES $190,000 TRAFFIC CALMING

31 CAPITAL IMPROVEMENT PROGRAM FY 2007 PROPOSED FUNDING $5,511,836 General Obligation Bonds 22% General Fund Transfer 39% CDBG 13% State Aid, State & Federal DOT 23% Trust/Enterprise Funds 3%

32 Where Your Tax Dollar Goes County 17% Library 2% School 64% City 17%

33 City Tax Rate 2007 Proposed = $ = $ Increase = $6.53 or 4.9%

34 Homeowner Impact For FY 2007 At $18,000 Assessed Valuation 2007 TOTAL TAX BILL AND REFUSE FEE $14, TOTAL TAX BILL AND REFUSE FEE $14,439 NET INCREASE TO TOTAL TAX BILL: $85 OR 0.6%

35 Comparative City Real Estate Tax Rates Per $1000 of Market Value Dollars Peekskill 2006 Mt. V ernon 2006 White Plains NEW ROCHELLE 2006 Y onkers Rye 2006 Note: Yonkers City tax rate for reduced by 37% while school tax rate increased by 23%.

36 PowerPoint presentation complied and adapted by Cassandra Campbell, budget analyst