Transcript Document
Township of Harrison
2014 Municipal Budget
June 16, 2014
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2014 Budget Process
October – December 2013
Department Leaders submit 2014 budget requests Finance Team & Administrators review requests
January – February 2014
Administrators & Finance Team review & modify requests
February – June 2014
Finance Team inputs preliminary budget with modifications Preliminary budget is reviewed by Financial Advisors & Auditors Preliminary budget summary is reviewed with Administrators & Mayor May budget is introduced at Township Public Meeting Public comments welcomed 2
Where Your Tax Dollars Go
Based on 2014 tax estimates
31.5%
24.4% Harrison Twp. School Clearview Regional
21.1%
1.5%
3.0%
1.6%
2.2% County Tax County Open Space Harrison Fire District County Library Municipal Open Space
14.7% Local Tax Budget
Breakdown 3
2% 3% 2% 21%
Apportionment of Tax Levy – 2013 Actual
14% 32%
Harrison Twp. School Clearview Regional County Tax County Open Space Fire District County Library Municipal Open Space Municipal Levy
25%
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Local Tax Dollars Pay For… 14.76%
Police & Public Safety
Public Works Services
General Municipal Services
Trash & Recycling Collection & Disposal
Recreational Maintenance & Upkeep
Various Boards & Commissions
Capital Improvement Projects
*
All of these services are provided through your total property tax bill
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2014 Capital Projects
Included in this budget…
Construction of New Police Building Equipment for the Police Department Improvements to Various Roads Improvements to Wastewater Treatment Plan Infrastructure Improvements & Equip. for DPW IT Equipment/Computers for Municipal Services
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Annual Challenges
Living within State-mandated 2% CAP
While maintaining basic services that exceed that cost (employee benefits, fuel, etc.)
Harrison Local Tax Rate History
NO
increase for 8 consecutive years (1999-2006) Actual expenditures for period increased by 95% Accomplished through deferred school tax & using surplus from record housing starts
Different World since 2008
Need to STOP utilizing deferred school tax option & replenish depleted surplus Liquor License Revenue 7
Impact on 2014 Tax Rate
4.6 Cent Increase per $100 of Assessed Value
Equates to a $144 annual increase for average priced home (approx. $313K) Or $12 per month (only “decision” was moving forward with new Police Building) All other requirements added up to 2.5 cent increase ($7.50 per month) Required down payment on Police Building is 2.1 cents ($5.50 per month) 8
Thank You!
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