PUBLI BLIC C HE HEARI RING NG PRO ROPOS OSED ED BUDGET ET - - - PowerPoint PPT Presentation

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Janua uary y 10, 2018

PUBLI BLIC C HE HEARI RING NG

PRO ROPOS OSED ED BUDGET ET - FY FY 2018–20 2019 19

April il 17, 2018

WE WELCOME OME

Jim m Pe Persano ano Chairman, rman, Board of Fi Finance ance

2

WELCOME

3

• The Board

d of Finan ance e would ld like e to welcome

• me and thank

nk you, the citize izens, ns, for atten endin ding g our ur bu budget pub ublic ic hearing ring

• Good,

, resp sponsiv

• nsive,

e, govern ernment ment depends ds on your interest erest and involv lvemen ement

• Would like

e to acknowledge wledge and thank k the staf aff f at the Somer mers s Public lic Schools,

• ls, the Board

d of Educati cation,

• n, and the

Sup uperin erintendent endent of Schools

• ols for their

eir efforts ts in n the preparation aration

• f the Board of Education’s Budge

get

• Would also

so like e to ext xten end a thank nk you to the Town Depar artme tment nt Heads, ds, the Boar ard of Selectmen, ectmen, Finance nce Depar artme tment, nt, and Chief ef Financi ncial al Officer er for their ir help in prepari paring ng the Selectmen’s Budget

3

PROP OPOSE OSED D 2018-2019 BUD UDGET PUB UBLI LIC HE HEARING ING

Welcom lcome Board d of Fina nanc nce, , Chairma irman James es Persan ano Bud udge get t Overvie view First st Select lectman man Bud Knorr

• rr

Propos posed ed Bud udge get Chief ief Financia ancial Officer cer Michael ael Marinacc ccio io Board d of Ed Educ ucati tion

• n

Sup uper erint intende ndent nt of Schoo hools Brian Czapl pla Pub ublic c Comm mments nts Aud udience ence Michael ael Par Parker er Wrap Up Up First st Select lectman man Bud Knorr

• rr

This evening’s program will include the following: AGEND ENDA

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BUDGET OVERVIEW IEW

Bud ud Knorr rr Fi First t Se Selectman ctman

5

FY 2018-2019 BUD UDGET ET CHA HALL LLENG NGES ES

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STATE TE ISS SSUES UES

• State revenue

ue det eterio iorat ratio ion n remains ains a growing ing concern n --

• Connecticut’s money is moving out
• ut
• State has shifted

ed their r difficult icult financial ancial burden n to the citie ies s and towns

• Hartf

tford d bailout ut means ns less aid d for small towns ns

• Raises

ses concern rns for r further her state funding ding cuts to the Town --

• - both
• th in

the second d half of the current nt year, , fiscal al 2018 18 and in the next fiscal cal year 2019

• Many towns

s have had their bond rating ings s negativ tivel ely y affected d because se

• f uncertai

tainty nty re regarding ding State munic nicipal ipal aid d levels

• Message is clear:

: Need to reduce e reliance nce on state funding, ding, and expand nd the Town’s revenue base

FY 2018-2019 BUD UDGET ET CHA HALL LLENG NGES ES

7

TOWN N CHALLE LENGE GES

• This year’s budget is heavil

vily y impac pacted d by the loss of State revenue ue and the modest growth h in the Grand d List st

• Both
• th the Boards

ds of Selectmen en and Education ation have stri rived ed to mainta intain n current nt level of essentia ial servic ices s whil ile demons nstr trating ating their r resolve to hold the line on budget et growth th

• The Board

d of Financ ance has stri rived d to maint intain ain a balanc nce betwee etween n sound d fiscal al health h witho thout ut negativ ively y impac acting ting our communit unity y needs

• On

Only with h fiscal cal stabil ility ity and economic ic growth th will the Town be able to wea weathe her r the storm

FY FY 2019 TOWN VI VISIO ION

8

Sound d Budge geting ting Qualit ity y of Life Public ic Safety ety Financi ncial al Stabil ility ty Economi nomic c Devel elopme

• pment

nt Well Maint ntain ined ed Roads ds Essen enti tial Services ices Superior ior School

• ls

“A Healthy Community”

PROP OPOSE OSED D BUDGET

Michael ael Marinacci inaccio Chief f Fi Financ ancial ial Officer cer

9

• Revenu

enue budge dget t

• Property

y Tax

• Use of fund

d balance ce

• Debt Service

ice and Capital ital Projects ects

• Selectmen’s Budget
• Staf

affing ing

• Town

wn Budge dget t Sum ummar mary

• Peer

er com

• mpa

pari rison sons s

• Mill

l rate e growth wth

• Tax

x incre rease ase impa mpact ct

10

SUM UMMAR ARY

10

11

20 2017-18 18 2018-19 19 Increa crease se/ % Adopt dopted ed Pr Propos

• posed

ed (Decrea ecrease) e) Property Taxes $21,453,004 $23,530,333 $2,077,329 9.68% State/Federal Grants 9,180,900 7,696,138 (1,484,762) (16.17%) Use of Fund Balance 803,174 (803,174) (100%) Other Financing Sources 795,915 1,032,106 236,191 29.67% Totals tals $32, $32,232 232,99 ,993 $32, $32,258 258,5 ,577 $ 25, 5,58 584 4 0.08% 8%

REVENUE BUDGET

72.9 .9% 23.9 .9% 3.2%

Ta Taxes es State Ai ate Aid Othe Other F Fin inancing ing Sources es

12

• Increase of $2,077,329 or 9.68% over last year’s budget
• Proper

perty ty Taxes es account nt for 73% of the FY 2019 r revenue nue in the bu budget

• Stat

ate e OPM database base shows s that at out of 169 Towns, s, Somer mers s ranks ks as 157th

th in proper

erty ty tax x revenue nue per capita ta (Low) w)

• Based

ed on pr n prior

• r collection

ection hist stor

• ry

y we have assume sumed a 98.5% budgeted ed tax x collec lecti tion

• n rate
• Continue

tinue to expec pect t modest est increases eases in delinq inque uent nt tax x revenue nue colle lections ctions

• Grand

nd List st increased reased approxima imately ely $10 million llion or 1. 1.1% higher her than last st year r ($862 milli llion n vs. $852 million); llion); results esults in n additi itional

• nal tax

x revenu nue of abo bout ut $254k

PROPERTY TAXES TOTAL BUDGET $23,530,333

FY 2017 7 - 2018 18

• State

e adop

• pted

ed FY20 2018 8 Bud udget t in October

• ber 2017

7 (bienn iennial ial bud udge get t for Fisca cal l Years s 2017-18 8 and 2018 8 -19) 9)

• OPM anno

noun unce ced d Post t - Holdback dback Bud udget t in Novemb ember er 2017 7 (Am Amou

• unts

nts after er the Governor’s holdbacks and lapses) – affect ects Town wn FY 2017-18 18

• Reduction in town aid in State budget plus additional OPM “holdbacks”

resulted ed in a comb mbined ined State e revenue enue shor

• rtf

tfall ll of $1.1 1 million ion or 1. 1.31 1 mill equivalent in Town’s 2018 fiscal year vs the Town’s adopted budget FY 2018 18 - 2019

• Town

wn initial tially ly developed eloped its FY 2018 8 -19 9 Revenue enue Bud udge get t based sed on year r two

• f State’s adopted FY 2018 -19

9 bien ennia ial l budge get t

• Governo

ernor r annou nounce nced d propos

• sed

d adjus ustm tmen ents ts to the e States es adopted d Fisc scal al Year 2018 8 -19 9 bud udge get t in Febr ebruary y 2018.

• 18. Town

wn modif

• dified

ied state e aid estima imates es based on Governor’s proposed cuts.

• His cut

uts s reduc duced ed our ur project jected ed FY 2019 9 aid by $731,38 387

• Aid in Town’s FY 2019 Budget based on Governor’s proposed amounts

1313

STATE E AID ID – DE DEEPER PER DI DIVE

GRANT ANT ESTIMA MATE TES

• You

u are going ng to recei ceive Grant t estimat stimates that t have e been een voted ed on and passed ed by lawmak maker ers

• The Governor can’t unilaterally reduce or holdback aid passed by lawmakers
• Year over

r year ar aid compari pariso sons ns provided vided by the e state e OPM are accur urat ate

• nly take int

nto conside sideration ration the adopted d amounts nts

• they don’t not make comparisons to actual funds after cuts and holdbacks
• They can’t be accurately compared to the Town’s adopted budget
• Al

All grant t fun unding ding is the e same me

• All state funding is earmarked for the Town’s general fund
• Operati

ating ng Grants ts or Statut tutory y Formula ula Grants ts (PILOT, , Mohegan n Pequ quot

• t,

, ECS, Muni nici cipa pal Stabilizat zation) n) incl clude uded

• Capital

tal or Bond Funded ded Grants nts (Town Aid d Road, Muni nici cipa pal Projects ts, , LoCIP) not

• t included

uded

• Local

cal offici cials als are not

• t held

ld accounta

• untable

ble

• Must certify and send copy of Town’s adopted budget to state
• Must

st certi tify that t capita tal and bond funded ded grants nts are used d in accordanc dance with th stat ate statu tute and for eligib gible e projects cts

• Grant

t accounti nting ng must st be ac accura rate and in accordan dance Governm nment ntal Ac Accounti nting ng Standa ndards ds

• Must

st unde dergo rgo scrutin rutiny y of annual State Sing ngle Audit t

1414

STATE E AID ID – COM OMMON ON MYTHS HS

GRANT ANT ESTIMA MATE TES

$59,30 300 $231, 1,147 7 $655,259 259 $1, 1,564,5 4,515 5 $5,18 185,9 5,917 7

$- $- $1,0 $1,000,00 00,000 $2,0 $2,000,00 00,000 $3,0 $3,000,00 00,000 $4,0 $4,000,00 00,000 $5,0 $5,000,00 00,000 $6,0 $6,000,00 00,000

All All Other Other Grants ants Mun unicipal St cipal Stabiliz abilizat ation

• n

PI PILOT OT Peq Pequot uot Education Education

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STATE E AID ID

TOTAL L BUDGET ET $7,696,1 ,138 38

• State aid to m

munic nicipalities ipalities continues inues to d decline; ine; pre revious viously ly awarded ded amount nts s get a et adjus justed d downwar ard d each year or budget eted d grants ts are “frozen”

• Budg

dget et state e aid reduct ctio ion n from FY2018 8 of about $1. 1.485 485 millio ion, n, (16.17%) 7%) or 1 r 1.77 mill equiv ivalent alent

• State aid as a percent

t of tota

• tal revenue

e is 23.9% %

• Town

wn Bud udge get t adopted d in May 2017; 7; State e Bud udge get t passed ed in Octobe

• ber

r 2017; 7; State e Ho Holdb dback cks announced nounced in Novem embe ber 2017

• Reduction in town aid in State budget plus additional OPM “holdbacks”

resulted ed in a comb mbined ined State e revenue enue shor

• rtf

tfall ll of $1.1 1 million ion or 1. 1.31 1 mill equi uival alent ent

• The

e bud udge get t imp mpleme lement nter er bill passed ed by lawma wmakers s along ng with h the e State’s FY20 2018 8 budge udget t allowed ed Town wns s receiving ceiving less State e aid than n anticip cipat ated ed in thei eir r adopted d budge udgets ts to issue ue sup upplem emental ental tax bills

• The

e imp mple lement enter r bill referen erences ces CGS 7-567 67 which ch permit mits the e Board d of Finance ance witho hout ut fur urth ther er aut uthori hority ty to issue ue sup uppleme emental ntal tax bills to cover er the e shor

• rtf

tfall l in State e aid

• Board

d of Fina nanc nce vot

• ted

d to adjus ust t the e tax levy y by 1. 1.00 00 mill to cover er a porti tion

• n of

the e sh shor

• rtf

tfall ll; ; one e mill $839,490. Town’s adopted bud udge get t did not change nge

• Prior

r to adopti ting ng the e addi diti tional

• nal tax levy,

, cons nsulted d Town wn Attorne rney y and recei ceived ed fa favora

• rable

ble opinion ion on propos posed d actions ions

• Issued

ed sup upplem emental ental bills by Febru ebruar ary y 1, 1, 2018

1616

SUPPLEMENTAL TAX INCREASE

25.47 to 26.47 MILLS

$13 138,476 $253,5 ,500 00 $265,415 5 $353,100 00 $21, 1,615 5

$- $- $1 $100,00 ,000 $2 $200,00 ,000 $3 $300,00 ,000 $4 $400,00 ,000

Us Use e of

• f Mone
• ney

Miscel Miscellaneou eous Trans Transfers-in fers-in fr from

• m

Other Other Fun unds ds License icenses s an and Per Permi mits ts Gen Gener eral Govern Governmen ment

17

OTHE HER FIN INANC NCING ING SOU OURCES

TOTAL L BUDGET ET $1,032,106

US USE OF OF FUN UND D BALA LANCE CE

FY2019 General eral Fund Contribu ntributi tion

• n

$

• 0-

FY2018 18 Genera eral l Fund Contribu ntributi tion

• n

$ 803,174 FY2017 General eral Fund Contributi tribution $ 559,257 Total al fund use for last t 3 years s $ 1,362,4 ,431 Mill l equi uivale alent nt 1. 1.6 Mills ls No No use of unassign signed ed fund d balan lance; ; present ently ly at 1 t 14% of bud udge geted ed FY FY 2019 expens nses es. . No Normally mally 15% is ma maintained ntained in reser erve. . Pres esent ently ly, , unre restric tricted ed fund nd reser erves s tota

• tal

l $4,483,915

18

DE DEBT SERVIC ICE E

Principa incipal $ 1 1,400,000 00 Net et Interest erest $ 316,421 FY2019 Debt bt Servic ice $ 1 1,716,421 FY2018 18 Debt t Servic vice $ 1 1,667,945 945 Inc ncrease ease $ 48,476

Increase rease to be fu funded ded by remai aining ning am amounts nts in 2014 Ge General eral Ob Obligatio ation n Bo Bond an and not by prop

• per

erty ty tax ax dol

• llar

ars s

19

20

DE DEBT SERVI VICE E

CA CAPIT ITAL AL PROJEC OJECTS

FY2019 9 Ge Gener eral al Fund nd Contr ntrib ibution ution $ $ 250,000 ,000 FY2018 8 Ge Gener neral l Fund nd Contr ntribution ibution $ 250,000 000 Incre rease ase $ 0 Represents resents the e gener neral l fund nd contr ntribution ibution to the e capit ital al fund nd and d not

• t the

e cost t of the e pr propos posed ed capi pita tal l items ms

21

• Budge

dget t reduce duced d $(286,7 86,776) ) or (3.70%) 70%) decre crease ase from

• m last

st year ar (FY20 Y2018 8 - $7,756,42 56,421; 1; FY2019 9 - $7,469,64 69,645) 5)

• Back

ck 3 y year ears s to

• 2015-20

2016 6 levels ls - $7,410,8 0,849 49

• De

Decrease rease cost st driv iver ers s include lude reducti duction n in health alth insu suran rance ce prem emiu iums ms (new w carr rrier) ier) and d cost st of policin licing g (reor reorgan ganiza ization) ion)

• 1.5

1.5 FTE increase crease in in emplo ployee e coun unt (from m 57.5 to

• 59)
• Full

l fundi nding ng of the e actua tuarially rially det etermined rmined emplo mployer er contr ntribution ibution to the Town’s Pension and d the e Volun untee eer r Firefighter’s Pension Plans ns

• Ap

Approved ed FY20 2019 9 level el fund nded ed capital pital impr provemen ent t plan an

• Resur

urfacin acing g of Town n roads ads suspen spended ed due ue to

• froze
• zen

n Stat ate town wn aid d road ad fundi nding ng

22

SELECTMEN’S BUDGET

HI HIGHL HLIGHT HTS

$42,5 ,500 $308,2 ,227 $471,00 ,008 $496 96,5 ,576 6 $1,7 ,723,7 ,752 $1,5 ,592,8 ,883 $1,195,8 ,802 $1,6 ,638,8 ,897 $42,5 ,500 $324,8 ,891 $470,8 ,835 $491,6 ,617 $1,7 ,798,0 ,098 $1,8 ,843,5 ,571 $1,2 ,200,9 ,913 $1,5 ,583,9 ,996 $ $- $ $500,0 ,000 $ $1,000,0 ,000 $ $1,500,0 ,000 $ $2,000,0 ,000

Mi Miscell scellaneous eous Sen Senior & r & Com Commu muni nity ty Lib Library rary Sani nitati tation

• n

Pub ublic c Work Works Pub ublic c Safe Safety ty SS SSI, I, I Insura nsurance nce, , Benefits nefits Ge Gene neral G ral Gove

• vernme

rnment nt

23

TOWN GOVERNME RNMENT NT

FY 2018 8 BUDGET GET $7,756,42 ,756,421 1 - FY Y 2019 19 BUDGET GET $7,469,645 69,645 (3.70% 70%) ) DECREASE REASE

2018 2019

TOWN GOVERNME RNMENT NT

Senior

• r &

Commu muni nity y 4% Library 6% Sanitati ation

• n 7%

Public c Works ks 23% 23% Public c Safet ety 21% SSI, Insu suranc ance, e, & Benef efit its 16% General Governmen ernment 22% 22% Miscel cellaneous aneous 1% Tot

• tal Budge

get $7,469,6 469,645 45

24

STAFFING AFFING

Ac Actu tual al Staff f FY 2018 18 (FTE’s) 57.5 Full-ti time me emp mployees es 44.0 Pa Part-ti time me emp mployee ees 27.0 (13.5 FTE’s) ******** ********** ***** ***** **** **** **** **** ***** ***** **** **** **** ***** ***** **** **** **** **** ***** ***** **** **** **** *** Proposed sed Staff f FY 2019 (FTE’s) 59.0 Increas ease e * 2.0 Decrease rease (Build uilding ng Offici cial) al) (0.5) 5) Net et Change nge 1. 1.5 ******** ********** ***** ***** **** **** **** **** ***** ***** **** **** **** ***** ***** **** **** **** **** ***** ***** **** **** **** *** Tot

• tal

al FY 2019 Salarie ies $2,966, 6,79 798 Exempt pt $1, 1,570, 0,38 388 Non-Ex Exem empt pt $1, 1,396 96,410 * In Q4 of fisca cal l 2019 the e Town will be required ired to pro rovide vide Ad Advan anced ced Life fe Suppo port t (ALS) LS) ambul bulanc ance e servic ice.

• e. Thes

ese e two

• positi

tions

• ns will be hired

red to meet et this s mandat date and the e positi tions

• ns funded

ded by y the e Ambul bulanc ance e Fund nd

25

CHANG ANGES ES IN IN POLIC LICE E STAFFING FFING BUDGE GET

Bud udge geted ed Staff f FY 2018* 8* 8.5 FTE’s State e Police ce 3.0 Lieut euten enant ant 1. 1.0 Admini inist stra rator 0.5 Ful ull-ti time me officer icers 2.0 Par Part-ti time me officer icers 4.0 (2.0 FTE’s) ****** ******* ******** ******** ********* ******** *************** *************** ********* ****** ** Propos posed ed Staff f FY 2019** 9** 8.0 FTE’s State e Police ce 1. 1.0 Admini inist stra rator 1. 1.0 Ful ull-ti time me officer icers 4.0 Par Part-ti time me officer icers 4.0 0 (2.0 2.0 FTE’s) ****** ******* ******** ******** ********* ******** *************** *************** ********* ****** ** Net et Change ange (0.5) .5) FTE Bud udge get t reduc ducti tion

• n from
• m FY 2018

18 $288, 8,04 041

* Pro ropose

• sed

d by both

• th fo

form rmer er First t Sele lectm tman n and d Poli lice e Lieut eutena nant nt as essen entia ial l fo for r publi lic safety ** Reor

• rganiza

nization ion initi itiated ed, , studie died, and nd adop

• pted

ed by curr rren ent t First t Sele lectm tman n in FY 2018

26

27

TOWN BUDGET SUMMARY

20 2017-18 18 20 2018-19 19 Inc ncreas rease/ e/ % EXPENDITURE NDITURES Adopt dopted ed Proposed

• posed

(D (Decreas ecrease) e) Change ange Town wn G Govern ernme ment nt $ 7 $ 7,75 ,756,42 ,421 1 $ 7 $ 7,46 ,469, 9,645 45 ($ ($286, 286,776) 6) (3.70 .70%) %) Boa Board d of Edu

• f Educa

cati tion

• n

22, 22,558,62 558,627 22, 22,822, 822,511 1 263 263,88 ,884 1. 1.17% 7% Debt S Debt Ser ervi vice ce 1,6 ,667,9 67,945 45 1,7 ,716, 6,42 421 48,4 8,476 6 2.91% 1% Ca Capit ital I l Impr provem ements ents 250,000 250,000 250,000 250,000 0 0.0% Tota tals ls $ 3 $ 32,2 2,232,9 2,993 3 $ 3 $ 32,2 2,258 58,5 ,577 $ $ 25, 25,58 584 0.08% 08% REVENUE VENUES Proper

• perty

ty T Tax axes es $2 $21,45 ,453,00 ,004 $23, $23,530, 530,333 333 $2,0 ,077,329 7,329 9.68% 8% Stat State/ e/Federal deral G Grants rants 9, 9,180, 80,900 900 7,6 7,696 96,138 38 (1,4 1,484,7 4,762) 62) (16. 6.17%) 7%) Us Use of e of F Fund nd Balance ance 803, 803,174 4

• 0-

(803, 03,174) 4) (100%) 00%) Ot Other Finan her Financing cing Sour Sources ces 795, 795,915 1, 1,032, 032,106 06 236, 6,191 1 29.6 9.67% 7% Tota tals ls $ 3 $ 32,2 2,232,9 2,993 3 $ 32,258 258,5 ,577 7 $25,5 5,584 4 0.08% 8%

TOWN BUD UDGET ET SUM UMMARY

• Proposed

posed Town budge get t is $32,258,5 ,577, , a slight ight increase ease of 0.08% over r last st year

• General Government (Selectmen’s budget)

) decreased ased (3.70%) 0%) from m last st year

• Board

d of Educati cation

• n budget

t increased eased 1. 1.17%

• No use of fund balan

ance ce

• No increase

ease in Capit ital al Improvemen ement t funding ing

• De

Debt bt Servic vice e inc ncrease ease of $48,476 to be be fun unded d by amount unts s remai maining ing in 2014 GO Bond

• Proposed

posed 0.90 mill ll tax increase rease

2828

PEER R COM OMPAR ARISON ISONS S - PROPER OPERTY Y TAX

• Somer

mers s conti tinue ues s to maintai intain n a low tax x rate

• Other

er towns ns are also

• experiencing

periencing loss s of stat ate e funding ing and mill ll rate e increases eases

• Somer

mers s still ill maintains intains its s place e among ng its s peers s as the town n with h the lowest st mill ll rate

• Stat

ate e views s Somer mers s as very y capable ble of inc ncreasing reasing local l taxes es and relying ying less ss on grant nts s to fund its s operat rations ions

• Stat

ate e OPM database base shows s that at out of 169 cities ies and Towns s in the Stat ate, e, Somer ers ranks nks as follows: ws:

• Unu

Unusu suall ally low proper perty ty tax x revenu nue e per capita ta – 157th

th

• Equalized

alized Mill l rate e – 143rd

rd

29

PEER R COM OMPAR ARISON ISONS S – MIL ILL L RATES ES

Town Mill Rate FY 2018 Proposed Mill Rate FY 2019* Equalized Mill Rate $200,000 Assessed Value FY 2019

Tolland 34.48 35.34 23.40 $7,068 Stafford 34.49 unknown 23.14 $6,898 Ellington 31.70 33.40 21.48 $6,680

• E. Windsor

32.77 unknown 20.94 $6,554 Suffield 28.89 unknown 19.11 $5,778 Enfield 31.43 32.50 20.69 $6,500 Union 30.84 31.10 22.53 $6,220 Somers 26.47 27.37 16.23 $5,474

30

Somer ers conti

tinu nues to have signif nificant antly y lower r pro roperty ty taxes than its s neighbor

• rs

* Most towns ns are currently ently in the pro rocess of drafting ng their r FY2019 9 budgets.

• ets. For some, it is

too early to det etermine rmine their r pro roposed FY2019 9 mill rates. s.

• Somers’ equalized mill rate of 16.23 is the lowest of all Towns in the

CRCOG

• Average equalized mill in the 38 Town CRCOG is 23.10
• Equalized mill rate used by the State as an indicator of a Town’s financial

health and ability to bear a greater local tax burden

• “Wealth Adjustment Factor” compon

ponent ent in EC ECS Form rmul ula a since ce 2017

• Considere

nsidered d in det eterminin ermining of State e Ai Aid (Statu tutor

• ry

y Form rmula ula Grants) nts)

PEER R COMP MPARIS ARISONS ONS CA CAPIT PITAL AL REGION ON COUNCI NCIL OF G F GOVERNM ERNMENT ENTS (CRCOG) G)

31

SOM OMERS RS HI HISTOR ORICA ICAL L MIL ILL L RATE

22.1 .11 21.1 .12 22.1 .12 23.1 .12 23.37 23.37 23.37 24.22 22 26.47 27.37 2010 2010 2011 2011 2012 2012 2013 2013 2014 2014 2015 2015 2016 2016 2017 2017 2018 2018 2019 2019

32

4.0 mill increase over 5 years

TAX IN INCREAS ASE IM IMPACT CT

Assesse essed Value Tax with Mill Rate 26.47

Curre rrent nt

Tax with Mill Rate 27.37

.90 Incre rease ase

Annual al Tax Increase rease Monthly thly Equiv ivalent nt $100,00 000 $2,647 $2,737

$90 $90 $7.50

$18 188,70 700* 0* $4,995 $5,165

$170 $14.17

$200,00 000 $5,294 94 $5,474

$18 180 $15.00 00

$250,00 000 $6,618 18 $6,843

$225 $225 $18 18.75 75

$300,00 000 $7,94 941 $8,211

$270 $22.50 50

33

* Median an assess sessed ed va value

BO BOARD RD OF OF ED EDUCA UCATION TION

Brian ian Czapla la Su Superint rintendent endent of Sch Schools

• ls

34

PUB UBLIC LIC COM OMMENT MENT SE SESS SSION ION

Michael ael Park rker er Board of Fi Finance ance

35

PUB UBLI LIC COM OMMENT ENT SESSIO ION

GUIDE DELINE LINES

• Microp
• pho

hones nes are e stationed ationed in each ch aisle

• le. Pl

Please ease speak eak directly rectly into

• them

em

• Only

ly one e person son to spea eak k at a time me

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ate e your ur name ame and d addre dress ss prior ior to

• prese

esenting nting your ur comme mments nts

• Limi

mit t comme mments nts to 5 minu nutes.

• s. Once

ce ever eryone

• ne has

s been een hear ard d you u will l have the he oppor pportunity tunity to speak eak aga gain in

• Please

ease be respectf spectful ul - ever eryone ne has s the e right ght to be hear ard

• All comments
• mments and

d questi estions

• ns will

ll be recor corde ded d

• Answer

ers s to questi stions ns will l be provi vided ed and d post sted d on the he Town’s website

• Thank

ank you u for r your ur coope

• peration

ration

36

WR WRAP UP UP

Bud ud Knorr rr Fi First t Se Selectman ctman

37

WRAP P UP UP

38

Budget Booklet and Documents This Evening’s Presentation Questions and Answers will all be available Online at:

www.somersct.gov

Hard copies are also available at the Town Clerk’s Office, Senior Center, and Library

WRAP P UP UP

39

Remaining ning Budg dget t Schedu dule

Ann nnual al Town wn Meeti ting ng Town wn Hall l Aud udit itori

• rium

um May 1, 2018, 7:00 p.m. Bud udget t Referen rendum dum Vot

• te

Town wn Hall l Audi ditori

• rium

May 8, 2018, 6:00 a.m. to 8:00 p.m.