1. County Council Meeting – 10/11/16
FY 2017 Proposed Budget
County Council Meeting – 10/11/16

2. FY 2017 Proposed Budget Points for Review
4% increase to Property Tax ($2 a month for property assessed at $100,000)
Annual $5 fee on Vehicle Registration
Homestead Exemption expressly repealed
FY 2017 Proposed Budget Points for Review

3. Expenditures as Compared to FY 2016
$6 Million in expenditures compared to 2016
$2,800, C and Y inter-governmental match (pre-paid in 2016)
$700,000 – Increased pension costs
$350,000 – Scheduled increase in debt service
$550,000 – Collective bargaining wages/benefits
$470,000 – Proposed litigation expenses
$1,130,000 – County Administration requests
Includes $700,000 in funding for new positions
Expenditures as Compared to FY 2016

4. Home Rule Financial Review
Reduced debt service to $320,000,000
Streamlined County workforce
4 years of Unqualified Audits
2015 On-Time Audit shows $7,500,000 Surplus
Previous Tax Increases – 2%, 2014 – 8%
2015 Bond Refinancing ($3,800,000 savings in 2015 and stabilized debt service)
Home Rule Financial Review

5. Financial Plan 2015 on-time and unqualified Audit 2017 Budget
Address Homestead Exemption
Show Increased Revenue
2016 on-time and unqualified Audit
Accomplish initiatives on 5 year plan
Financial Plan

6. Increase current year real estate collection
IN PROGRESS (fly overs to begin; online payments)
Increase taxable assessed value
IN PROGRESS (increased staff at Assessor’s Office; Mohegan Sun Casino and other commercial entities)
Solicit payments in-lieu-of taxes
IN PROGRESS
Validate eligibility for tax-exemption
IN PROGRESS (Assessor’s Office Review)
Market-based revenue opportunities
IN PROGRESS (Cell Phone Tower; Auctions; Advertising Space – goal)
5 Year Plan Review

7. Bring employee healthcare contributions in line with market norms
IN PROGRESS (All Management and many CBA’s on %)
Salary review of non-represented employees
COMPLETED
Re-Classify and reduce staff in veterans affairs
Criminal Justice Savings
IN PROGRESS (Prison Population Task Force, budgetary cuts to Judiciary)
5 Year Plan Review

8. 5 Year Plan Review 2015-2019 Refund LCIDA bonds
IN PROGRESS – 2015 Refinancing – goal for 2017
Transfer from debt service reserve
GOAL for 2018
TIF – Redevelopment Authority
IN PROGRESS – GOAL for 2016
Sale of Valley Crest Nursing Home
COMPLETED
5 Year Plan Review