Town Budget Proposal 2022-2023 Details Revealed - Key Insights
Uncover insights into the Town Budget Proposal for 2022-2023, including expenditure breakdowns, budget variations from the previous year, and changes in the Net Collectible Grand List. Discover the proposed budget adjustments and notable trends for the upcoming fiscal year.
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Presentation Transcript
BOS Budget Proposal 2022-2023 Town Budget MARCH 14, 2022
BOS Budget Proposal 2022-2023 $9,184,382 Dept. Budget Request (Original) $8,851,129 BOS Proposed Budget (As of 3/10/2022) Decrease in Dept. Request $333,253 Increase from BOS 2021-2022 $408,554
BOS Budget Proposal 2022-2023 2022-2023 36% 18% 16% 8% 6% 9% 3% 2% 1% 1% EXPENDITURES Salaries and Wages Fringe Benefits Purchased Services Professional Services Third Party Agencies Fire and Emergency Utilities and Fuel Supplies Equipment Contingency 3,175,335 1,619,535 1,406,700 735,813 520,269 816,203 239,000 156,360 106,914 75,000 Salaries and Wages Purchased Services Third Party Agencies Utilities and Fuel Equipment Fringe Benefits Professional Services Fire and Emergency Supplies Contingency
2022-2023 vs 2021-2022 Budget 2022-2023 2021-2022 Salaries and Wages 36% 3,175,335 Salaries and Wages 35% 2,951,282 Fringe Benefits 18% 1,619,535 Fringe Benefits 17% 1,417,819 Purchased Services 16% 1,406,700 Purchased Services 15% 1,263,921 Professional Services 8% 735,813 Professional Services 8% 701,807 Third Party Agencies 6% 520,269 Third Party Agencies 7% 586,488 Fire and Emergency 9% 816,203 Fire and Emergency 10% 813,468 Utilities and Fuel 3% 239,000 Utilities and Fuel 3% 244,000 Supplies 2% 156,360 Supplies 2% 165,750 Equipment 1% 106,914 Equipment 3% 223,040 Contingency 1% 75,000 Contingency 1% 75,000 100% 8,851,129 100% 8,442,575 408,554 4.84%
BOS Budget Proposal 2022-2023 Net Collectible Grand List 1,090,000,000 1,080,000,000 Net Collectible Grand List 1,070,000,000 FY 18 1,030,773,638 1,060,000,000 1,050,000,000 FY 19 1,038,413,891 1,040,000,000 FY 20 1,044,980,250 1,030,000,000 1,020,000,000 FY 21 1,084,776,784 1,010,000,000 1,000,000,000 FY 18 FY 19 FY 20 FY 21
Summary 4.80% Budget Increase 2023 1.14% 2022 Budget Increase .60% 2021 Budget Increase BOS Budget Proposal 2022-2023 .6 Decrease in Mill Rate 2023 .1 Decrease in Mill Rate 2022 .5 Decrease in Mill Rate 2021 3.81% Increase in Net Collectible Grand List 2023 .6% Increase in Net Collectible Grand List 2022 .7% Increase in Net Collectible Grand List 2021
Grand List Increases and Tax Revenue 2022-2023 Increases Tax Revenue Motor vehicle $28,349,947 $782,458.62 Real estate $10,354,839 $285,793.58 Personal property $1,800,592 $49,696.28 Total $40,505,378 $1,117,948.48 M/V = 69.9% R/E= 25.56% P/P = 4.5%
