1. Town of Mamaroneck 2015 Preliminary Budget
Public Hearing
December 3, 2014

2. 2014 Budget Goals Maintaining the Town’s Financial Stability
Insure Adequate Reserve Funds
Provide Flexibility for Future Budgets
Address Deferred Maintenance Issues for facilities and infrastructure

3. Budget Environment
2015 Budget reflects a slow but steady improvement in the national and regional economy
Notable improvement to Non-Tax Revenues for the first time in a number of years
Improved surplus position further strengthens our financial strength
Well positioned to continue all municipal services

4. Property Tax Cap Legislation
Originally Enacted in 2011
Not a cap on the rate at which taxes are apportioned; cap is on the total tax levy
New wrinkle for 2015 provides for a property tax rebate to property owners in communities and school districts that adopt tax levies that fall within the tax cap

5. Comparison of Town Tax Levy vs. Tax Cap Allowed Tax Levy
2012
2013
2014
2015
Actual Tax Levy
21,344,240
22,342,535
22,994,635
23,448,445
Tax Cap Levy
21,425,170
21,880,836
22,788,375
23,449,100
Actual % Increase
2.8%
4.7%
2.9%
1.97%
Allowable % Increase
3.23%
2.5%
2.0%
1.98%

6. 2015 Budget Overview 2014 2015 Change % Change $33,019,546 $34,320,994
2014
2015
Change
% Change
Appropriations
$33,019,546
$34,320,994
$1,301,448
3.9%
Non-Tax Revenue
9,809,911
10,512,549
702,638
7.2%
Reserve Application
215,000
360,000
145,000
67%
Property Tax Levy
$22,994,635
$23,
$453,810
1.97%

7. Property Tax Impact Village Resident 2014 2015 Change % Town Taxes
$517.00
$528.00
$11.00
2.1%
Unincorp. Resident
2014
2015
Change %
Town Tax
$6,127.00
$6,226.00
$99.00
1.7%%
Calculation based upon average property assessment of $1.1 million

8. Apportionment of Town Budget
Village Residents
Unincorporated
Area Residents
Appropriations
$11,525,170
$34,320,994
Non-Property Tax Revenue
7,115,625
10,512,549
Surplus Application
200,000
360,000
Tax Levy
$4,209,545
$23,448,445
Tax Rate
$.48/$1,000 of valuation
$5.66/$1,000 of valuation
Average Property Tax
$528.00
$6,226.00

9. Apportionment of Town Budget Between Unincorp. & Village

10. Where Will the Money Come From ?

11. Use of Fees and Charges
Growing trend of utilizing fees for service as opposed to property taxes
Property taxes based solely on property value not use of services
Fees give property owners more flexibility to control their costs based upon the use of municipal services.

12. Use of Fees and Charges
Fees are not always an option: Police Service, Fire Service, Highway Services don’t lend themselves to user fees.
Cannot forget that the property tax cap is also a contributing factor to the use of fees and charges particularly now when a rebate is being offered by New York State Government.
Well before the enactment of the Property tax cap the Town realized the value of fees for certain municipal services

13. Town’s Use of Fees and Charges
Activity Budget
Total Revenue
Revenue as a Percentage of Budget
Recreation Services
$2,728,192
$2,431,500
90%
Building Services/Land Use Permits
$694,589
$367,500
53%
Ambulance Services
$1,455,857
$915,100
63%
Water District
$295,024
100%
Sanitary Sewer
$206,513
$84,500
41%

14. Where Will the Money Go? Expense Type 2014 2015 Change % change
Salaries
$13,282,696
$13,518,135
$235,439
1.7%
Equipment
$207,500
$211,420
$3,920
1.8%
Contractual Expenses
$8,903,745
$9,228,048
$324,303
3.6%
Employee Benefits
$8,388,275
$8,556,205
$167,930
2.0%
Debt Service
$1,861,330
$2,436,186
$574,856
30.8%
Inter-fund Transfers
$376,000
$371,660
($4,340)
(1.1%)

15. 2015 Budget Expense Highlights
Full Time headcount remains unchanged at 129 employees
Three new part time positions-Code and Parking Enforcement $60,000
Central Fleet Garage- Budget increase in anticipation of joint venture with Village of Larchmont for vehicle maintenance $43,000

16. Budget Highlights Continued
Youth Programs-Reinstatement of Teen Escape Program $21,000
Larchmont Library- anticipated 2% increase in Town share $23,800
Joint Garbage Commission- Worker’s comp & other expenses $81,000
Sustainability Collaborative-Implementation of Sustainability Plan $25,500

17. 2015 Capital Improvement Program
Equipment $ 630,000
Highway Improvements ,953
Buildings ,554,585
Sanitary Sewers ,000
Storm Drainage ,000
Recreation Facilities ,200
Technology/Misc. Equipment ,000
Total $3,069,738
Funding Sources
Budget Appropriations $ 325,100
Grants In Aid ,000
Capital Project Funds ,795
Bond Anticipation Notes $1,893,943

18. Capital Project Highlights
Replacement of the Town Center Roof $ 325,000
Renovation to Police Headquarters ,000
Weaver Street Fire Headquarter Repairs ,000
Weaver Street Sidewalk Extension Project ,000
New Jefferson Street Parking Imp ,000
Replace of Premium Marsh Outfall Pipe ,000
Var. Repairs to Outdoor Hommocks Pool
Outdoor Recreation Facilities ,000
Larch. Reservoir Flood Valve Replacement ,000

19. Expenditure Illustration by Type of Service