Transcript Township of Lawrence

Township of Lawrence
2007 Municipal Budget
March 26, 2007
Mayor
Gregory Puliti
Council Members
Mark Holmes
Richard Miller
Pamela Mount
Michael Powers
TOWNSHIP OF LAWRENCE
2007 Municipal Budget Expenditures
1.
2.
3.
4.
5.
6.
7.
Management & Finance
Public Safety
Public Works*
Other Operations **
ELSA
Debt Service & Capital Improvements
Reserve for Uncollected Taxes
2,013,829
11,785,934
6,178,572
6,118,581
3,930,000
4,219,071
4,020,257
Total
38,266,244
*Public Works: Admin, Streets & Roads, Snow, Vehicle Maintenance, Buildings &
Grounds, Park Maintenance, Garbage & Trash Disposal
**Operations: Recreation and Community Programs, Health, Community Development,
Boards/Committees, Municipal Court, Utilities and Deferred Charges
TOWNSHIP OF LAWRENCE
2007 Municipal Budget Expenditures
7. Uncollected Tax
Reserve
11%
6. Dept Service &
Capital
Improvements
11%
1. Management &
Finance
5%
2. Public Safety
31%
5. ELSA
10%
4. Other
Operations*
16%
3. Public Works
16%
TOWNSHIP OF LAWRENCE
Changes in 2007 Budgeted Appropriations
Appropriation











Increase/Decrease
Salaries
Pensions
Health Benefits
Apartment Complex
Trash Collection
Trash Collection
Utilities
Capital Improvement Fund
Debt Service
Deferred Charges
Park Maintenance
Reserve for Uncollected Taxes
Reason
$507, 000
442,000
(130,000)
Labor Contract Settlement
Increase in Contribution Rate
Retires to Medicare
120,000
87,000
60,000
(75, 000)
Increase in Participation
Contract Increase
General Increases
Decrease in Capital
Expenses
Interest on Notes
Non-Recurring Expense
Charge to Open Space Trust
Increase in Amount to be
Raised
50,000
(96,000)
(140,000)
158,000
TOWNSHIP OF LAWRENCE
2007 Municipal Budget Revenues
1. Local Non-tax Revenues
3,344,279
2. Sewer Charges
4,320,000
3. State/Federal Revenues
5,643,410
4. Tax-Prior Years
5. Surplus
6. Tax-Current Year
Total
768,000
6,133,000
18,057,555
38,266,244
TOWNSHIP OF LAWRENCE
2007 Municipal Budget Revenues
1. Local Non-tax
Revenues
9%
2. Sewer Charges
11%
6. Tax-Current
Year
47%
3. State/Federal
Revenues
15%
5. Surplus
16%
4. Tax-Prior
Years
2%
TOWNSHIP OF LAWRENCE
2007 Taxpayer Impact



2007 Local Tax Rate change from $.65 to $.67 per $100
of assessed value
Residential property at the average 2007 assessed value
of $164,400 will see an increase of $32.88 or $2.74 per
month
Resulting in a municipal property tax for 2007 of
$1,101.48 compared to 2006 of $1,068.60
TOWNSHIP OF LAWRENCE
Tax Rates – Annual Change in Dollars
2002-2006
Dollar
Change
2002
2003
2004
2005
2006
County Tax
.66
.68
.73
.83
.80
.14
Library Tax
.07
.07
.07
.07
.07
.00
County Open Space Tax
.02
.02
.03
.05
.05
.03
1.57
1.67
1.82
1.96
2.05
.48
Municipal Purpose Tax
.51
.52
.56
.62
.65
.14
Municipal Open Space Tax
.03
.03
.03
.03
.03
.00
General/Total Tax Rate 2.86
2.99
3.24
3.56
3.65
.79
District School Tax
TOWNSHIP OF LAWRENCE
Tax Rates
Dollar Change 2002-2006
4.00
County Tax
3.50
Library Tax
3.00
County Open Space Tax
2.50
2.00
District School Tax
1.50
Municipal Purpose Tax
1.00
Municipal Open Space
Tax
0.50
General/Total Tax Rate
0.00
02
20
03
20
04
20
Year
05
20
06
20
TOWNSHIP OF LAWRENCE
2007 Per Capita Analysis
(Population 31,401)
Expenditures
Management & Finance
Public Safety
Public Works
Other Operations
ELSA
Debt Service & Capital Improvements
Reserve for Uncollected Taxes
Total
Revenue
Tax Revenue
Total Outstanding Debt 12/31/06
$ 64
375
197
195
125
134
128
1219
$ 575
$1361
TOWNSHIP OF LAWRENCE
Authorized and Retirement of Debt
(in thousands)
2002
2003
2004
2005
2006
38,040
34,699
35,426
31,946
36,392
6,670
7,372
7,534
9,383
6,340
1.624%
1.364%
1.217%
1.039%
.949%
Authorized
2,720
2,000
4,550
3,170
2,742
Principal Pmt
3,144
3,292
3,274
3,480
3,321
Issued
ANI
Ratio
TOWNSHIP OF LAWRENCE
Authorized and Retirement of Debt
(in thousands)
5,000.00
4,500.00
4,000.00
3,500.00
3,000.00
Newly Authorized
2,500.00
Principal Pay Down
2,000.00
1,500.00
1,000.00
500.00
0.00
2002
2003
2004
2005
2006