Introducing the FY2017-2018 Budget 02/21/2017

Topics Process/Timeline Goals Revenues Expenditures Capital Projects Council Asks

Process/Timeline Departments have submitted their budgets to the Town Manager The Department submittals request everything the department should and would like to do. Finance takes them and creates an aggregate picture as a starting point Departments present their budgets to the Town Council at worksessions The Town Manager uses Council and community feedback on the department budgets to produce the “Town Manager’s Recommended Budget” Public Hearings are held on the Town Manager’s Budget Council adopts the budget

Worksessions Tuesday, February 28, 2017 at 6 p.m. Revenues Public Works Department Capital Projects Tuesday, March 14, 2017 at 6 p.m. Planning & Comm. Dev Police Town Manager IT Finance

Goals Participatory Process Strategic Plan Implementation Balance Ongoing Revenues and Ongoing Expenditures Maintain High Levels of Service Prioritization of Capital Projects

Revenues Real Estate Assessments Up Business Taxes Strong General Assembly continues to limit creativity Use entire “menu” of taxes available Economic Development – Holland, Hotels, business turnover Rates?

Tax Rates

Expenditures (Operating) General Fund vs Capital Expenditures 60% of operating expenditures are tied to personnel – the people who do the work One new position, limited “programmatic changes”

Expenditures (Capital) Unending List of Capital Projects – Theatre Pool Town Hall Fiber Parks Downtown Sidewalks Stormwater/Drainage

Council’s Role Understand the Timeline Encourage (Early) Participation Ask Questions Provide Departments and the Town Manager big picture guidance