CY 2019 Budget Highlights CY 2019 Budget Financial Highlights - - PowerPoint PPT Presentation

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Nov 17, 2022 174 likes •333 views

CY 2019 Budget Highlights CY 2019 Budget Financial Highlights Include CY 2019 Total Budget Introduced: $98,267,655 Number of Township Employees CY 2018 Final Total Budget: $95,767,526 CY 2018: 532 2.6% increase attributable to: CY 2019:

SLIDE 1

CY 2019 Budget Highlights

SLIDE 2

Tax Levy CAP: Max Allowed: $67,309,958 Amount to be Raised: $65,375,000 Amount Under CAP: $1,934,958

Appropriations CAP: Appropriations Inside CAP: $69,606,600 Max Allowed: $71,820,211 Amount Under CAP: $2,213,611 Available for 2020 CAP Bank: $1,300,423

Number of Township Employees CY 2018: 532 CY 2019: 530

CY 2019 Total Budget Introduced: $98,267,655 CY 2018 Final Total Budget: $95,767,526 2.6% increase attributable to: Health Benefits- $1 Million Pension- $414,000 Capital Improvement Funds- $560,000 Tax Appeals- $330,000

CY 2019 Budget Financial Highlights Include

SLIDE 3

Department of Public Affairs

Nor

rth Ber

ergen On Online He Help Des esk

Wher here re resid sidents s can an convenie iently ly subm submit que questions s and and re requ quests ➢Requests are forwarded to a central location for municipal employees to quickly respond to ➢Currently experiencing

ver 700 inquiries/

requests annually ➢Township responds within 48 hours

Nor

rth Ber

ergen Se Senior r Prog

grams

Pro rovid vidin ing ser servi vices, s, pr programs s and and acti activi vities s for r our ur Se Senio niors

✓Free Medical Transport: Providing over 100 medical transports each week ✓Free Annual Senior Picnic: Annual fall event that has over 1000 participants ✓Free Daily Shopping Trips: Daily transportation to and from a variety of shopping destinations ✓Free Movie Program: Two free movie showings per month and free transportation to and from the Empire 12 cinemas at Columbia Park are provided ✓Bingo Luncheon Program: Three times each month the Township provides bingo luncheons at the Nutrition Center

NB NB C.A.R.E.S.

He Help lping Nor

rth Ber

Bergen res resid idents in n nee need ❖Thanksgiving Drive:

Providing 1900 turkeys and 300 senior meals

❖Holiday Drive: Providing 1100 senior meals and

2000 toys

❖Back to School Drive:

Providing 550 backpacks with school supplies to school aged children

❖Emergency Relief: Providing non-perishable food for

residents in need

SLIDE 4

Department of Public Works

Comprehensiv ive Str Street Repair irs

Over 100 blocks

paved in the last two years

20-30 blocks

planned for repaving in 2019 Broom & Bar arrel l Program

New street

cleaning program utilizing brooms and barrels

DPW workers

deployed to various street locations on a daily basis Restoratio ion- Red Bri rick Road

75th Street between

Park Avenue and Boulevard East completely restored “in house” saving the Township an estimated $1 million

SLIDE 5

Department of Parks & Public Property

✓ New state-of-the-art Downtown Community Center and Library to break ground this Spring 2019 ✓ North Bergen Pool Upgrades ✓ Upgrades to Seven Township parks beginning this Spring/ Summer 2019:

New Downtown Park at Paterson Plank Road
10th Street Park- Total Renovation
28th Street Park
38th Street Policemen’s Park- Total Renovation
43rd Street Park
64th Street Softball Field- Total Renovation
88th Street Park

Ex Expansio ion and and Upg pgrades thr throu

ughout

t the the Township

Partial cost savings to be realized in the form of grants for various parks.

SLIDE 6

Man anpower: Fu Full ll Com

mplement of
f

13 136 Officers (H (Highest ever in in No North Bergen his istory) Sc School Sa Safety: Pol

lice Officer in

in every ry No North Bergen Public Sc School

Safe Co Community: Of f cit cities wit ith a pop

pulation of
f

50,0 ,000 or

r more, North

Be Bergen ranked th the 6th

th safest

cit city in in NJ, 26th

th safes

est cit city in in th the Unit ited States and th the safest in in Hu Hudson Cou County

Public Safety/ Police Department

SLIDE 7

Fleet Upgrades

❖DPW: 22’ Roll lloff Sa Salt lt Sp Spreader ❖EMS: S: Ambula lance ❖Park rks: : (2 (2) ) 4-Door Dump Tru rucks for r Park rks Main intenance ❖Publi lic Affair irs: Medic ical l Transport rt Van ❖Poli lice: (3 (3) ) 4x4 x4 Patrol l Vehic icle les

SLIDE 8

No Increase in State Aid in 13 Years

Municipal aid remains flat as the Township strives to keep taxes down. North Bergen has endured a 47.6% DECREASE in state aid since 2006.

$13 $13,713,330 $13 $13,707,807 $13 $13,232,778 $12 $12,125,835 $10 $10,704,539 $7, $7,185,597 $7, $7,185,597 $7, $7,185,597 $7, $7,185,597 $7, $7,185,597 $7, $7,185,597 $7, $7,185,597 $7, $7,185,597 $7, $7,185,597

20 2006 20 2007 20 2008 20 2009 20 2010 20 2011 20 2012 20 2013 20 2014 20 2015 20 2016 20 2017 20 2018 20 2019

Nort

rth Ber

ergen state aid aid (F (For

rmula Aid, RE

REAP, UEZ)

SLIDE 9

REVENUES

201 2013 201 2014 201 2015 201 2016 201 2017 201 2018 Anticipated Revenues $83,138,652 $85,536,840 $88,629,881 $89,035,465 $100,972,910 $95,767,526 Actual Revenues $84,304,904 $87,198,598 $89,925,504 $92,228,047 $101,928,411 $98,113,690 EXCESS REVENUES $1,166,252 $1,661,758 $1,295,623 $3,192,582 $955,501 $2,346,164

Conservative Budgeting – Summary of Results

SLIDE 10

Tax P.I.L.O.T. Revenues

$3,6 ,641,000 $3,4 ,439,000 $2,8 ,855,250 $2,6 ,671,000 CY CY 2019 2019 CY CY 2018 2018 CY CY 2017 2017 CY CY 2016 2016

36% in increase sin since CY 2016

SLIDE 11

90.00% 92.00% 94.00% 96.00% 98.00% 100.00% FY Y 2008 FY Y 2009 FY Y 2010 FY Y 2011 CY 2 2012 CY 2 2013 CY 2 2014 CY 2 2015 CY 2 2016 CY 2 2017 CY 2 2018

97.8 97.89%

Consistently High Tax Collection Rate

97.1 97.11%

Nort rth Berg ergen contin inues to main intain a a steady an and eff effective tax ax coll llectio ion rat rate

SLIDE 12

$5 $5,8 ,804,771 $6 $6,5 ,500,206 $8 $8,8 ,868,008 $1 $10, 0,704,810 $1 $13, 3,160,386 $1 $13, 3,010,130 $1 $14, 4,868,796 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018

Year End Surplus Balance

SLIDE 13

10/2/18 Moody’s Upgrades North Bergen’s Bond Rating to Aa2

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

Having received three upgrades within the last 10 years, North Bergen now has the third highest available rating

Ratings Rationale- “The upgrade to Aa2 reflects the Township’s substantial and growing tax base, modest debt burden and strong stable finances.”

Aaa Aaa Aa1 Aa1 Aa2 Aa2 Aa3 Aa3 A1 A1 A2 A2 A3 A3 Baa1 aa1 Baa2 aa2 Baa3 Baa3

SLIDE 14

2015 2015 2016 2016 2017 2017 2018 2018 2019 2019 Aver erage

Loc Local l tax levy vy

$62,345,000 $63,591,000 $65,103,878 $66,830,518 $67,554,110

Loc Local l tax rate

24.60 25.14 25.38 25.86 26.20

% % Cha Change

0% 0% 2.20% 0.95% 1.89% 1.31% 1.27%

Cos Cost t to to average hom homeowner

$0 $0 $76 $76 $35 $35 $67 $67 $48 $48 $45 $45