1 Town of Lexington FY2017 Recommended Budget & Financing Plan March 17, 2016 TMMA Information Meeting

2 Key Themes of FY17 Budget Capital – Cautious Planning  Clark and Diamond Renovation/Additions  Hastings In Progress (MSBA funding)  Regular Within-Levy Capital Reserves – Cautious Management  Add $5,112,000 To Capital Stabilization Operating Budget – Cautious Limits  Modest Growth March 17, 2016 TMMA Information Meeting

3 Budget Overview March 17, 2016 TMMA Information Meeting

4 Revenue Summary March 17, 2016 TMMA Information Meeting

5 Selectmen’s FY17 Budget Principles and Priorities 1.Five Year Plan for Future (Large) Capital Projects 2.Property Tax Mitigation for Future Debt Exclusion Projects 3.Recurring Revenues, not Reserves or One-time Revenues, to Support the Operating Budget 4.Use One-Time Revenues for One-Time Expenses 5.Budget Adequate Reserves & Contingency Funds 6.Sufficient Building Maintenance Budget 7.Maintain Core Services March 17, 2016 TMMA Information Meeting

6 Budget Summary March 17, 2016 TMMA Information Meeting

7 Other Municipal Budget Recommendations 1.Limited New Staff - $55,000 2.Engineering Consulting Services - $60,000 3.Prepare Compost Area for Solar - $60,000 4.Master Planning Funding - $50,000 5.Tax Foreclosure Funding - $10,000 6.Article 16 – Net Zero Study - $40,000 March 17, 2016 TMMA Information Meeting

8 Capital Budget – ATM and STM March 17, 2016 TMMA Information Meeting

9 Recommendation to Increase Reserves 1.Article 18: Other Post Employment Benefits Trust (OPEB) - $1,512,318 2.Article 21: Capital Stabilization Fund - $5,112,434 March 17, 2016 TMMA Information Meeting

10 Reserve Summary March 17, 2016 TMMA Information Meeting

11 FY17 Budget Summary Cautious Planning of Future Capital Projects Cautious Management of Reserves for Future Capital Projects Cautious Limitations on Operating Budget Increases March 17, 2016 TMMA Information Meeting

12 Town of Lexington Other Warrant Articles of Interest March 17, 2016 TMMA Information Meeting

13 Article 10(a) Center Streetscape  Extensive Public Input since 2015  Phase 1: $2,700,000 for Safety Improvements  Begins at Woburn Street Intersection  Ad hoc Committee to Recommend Aesthetic Features  Motion on Signalization at Woburn St. to be Considered by Town Meeting March 17, 2016 TMMA Information Meeting

14 Article 10 (d) (f) and (i): Stormwater Management  Controlling the Quantity and Quality of Stormwater Run-off  Town spending over $1 million annually on Stormwater Management  Federal Government NPDES Requirements  2.3 FTE Engineering Staff March 17, 2016 TMMA Information Meeting

15 Article 10(p) Parking Meter Replacement  New Center Parking Management Plan as of March 1  New Center Employee Sticker Program (500)  New Smart Meters (119) in Core Area  New Meter Rates, Including Free Period  Remaining Funding for 402 Meters Requested March 17, 2016 TMMA Information Meeting

16 Article 10(q) Transportation Mitigation  $30,000 for Transportation Mitigation Group  For Traffic/Pedestrian Safety Studies  Anticipated Projects: –Crosswalk at Bedford/Eldred Street (Engineering) –Trial School Zone Signage (Harrington or Fiske) March 17, 2016 TMMA Information Meeting

17 Article 10 (r) Ladder Truck Replacement Requested Funds $875,000 March 17, 2016 TMMA

Current Ladder Truck 2000, Emergency One 100’ Heavy Duty Ariel Ladder, Has Responded to 12,780 emergency calls, 68,500 miles, and 75,543 hours on the chassis, 18 years of age upon proposed replacement, Repair costs over the last 5 years, $135,000. March 17, 2016TMMA18

March 17, 2016TMMA19 Vehicle Functions 100’ reach for raised emergency access Transports all heavy vehicle extrication equipment (Jaws of Life) Holds air tanks for firefighter breathing apparatus (SCBA) Carries a large amount of hand and power tools Carries large tarps to protect personal belongings from water damage Carries cold water/ice rescue equipment, including an inflatable boat Has a large generator and portable lights

20 Article 15 (c) LHS Heating Upgrade $500,000 – Design/Engineering $12,864,000 – Estimated Construction Anticipated to be Financed as Exempt Debt March 17, 2016 TMMA Information Meeting

21 Article 27-Establish Qualifications for Tax Deferrals  Increase Income Eligibility Threshold to $70,000 from $65,000.  FY17 Interest Rate on Deferred Taxes is 0.66%  Help Offset Reduced Eligibility for State Circuit Breaker Program March 17, 2016 TMMA Information Meeting

22 Town of Lexington THANK YOU _____________________________ Educational Excellence Protecting Public Safety, Public Health, Public Assets And Lexington’s Special Quality of Life March 17, 2016 TMMA Information Meeting