1. Town Meeting Financial Presentation
MILLVILLE
Town Meeting
Financial Presentation
Where would you start?? In your personal life, you might look at your source(s) of income and your bank account.

2. TOWN IS AT FISCAL CROSSROADS
How Did We Get Here &
Why An Override Now ?

3. THERE IS REALLY NO NEW GROWTH

4. TOTAL ASSESSED VALUE: A Decade Of Decline

5. ARE RESIDENTS OVERTAXED?
Millville
Millville: $4,537.44

6. REGIONAL COMPARISON TAX RATES
YEAR
UPTON
(2,100)
SHERBORN
(4,119)
HOPEDALE
(5,911) *
MILLIS
(7,891)
MENDON
(5,839)
BLACKSTONE
(9,026)
HOLLISTON
(13,547)
UXBRIDGE
(14,137)
MILLVILLE
(3,190)
2010
12.77
17.44
13.52
13.64
12.47
14.05
16.31
12.55
11.79
2011
14.64
17.72
14.39
15.41
13.67
15.51
17.94
13.72
12.61
2012
15.03
18.22
14.86
15.49
14.42
16.92
18.32
15.10
13.17
2013
16.72
19.72
16.34
15.22
17.99
18.62
16.28
15.11
2014
16.95
20.34
16.29
17.06
16.02
18.83
19.88
17.31
17.18
2015
20.32
16.58
17.00
16.01
19.48
19.38
17.40
17.24
2016
18.56
20.57
16.83
17.25
19.34
18.79
17.57
16.91
2017
18.16
20.46
17.29
18.42
17.75
19.26
18.52
16.96
16.11
2018
17.23
19.30
17.58
18.02
19.49
18.67
17.17
16.56
* Split Rate Town

7. This Is Not A Spending Problem
Flat Revenues & Growth

8. Nominal Growth in Town Budget
FY18:
$6.3M
FY17:
$5.8M
PUBLIC
WORKS
Debt
PUBLIC
SAFETY

9. Why? The State support of student transportation and Chapter 70 essentially remains flat as these expenses increase.

10. Contribution Trends to BMRSD
Shows where some of our reserve goes
Indicates year to year contribution
Reflects Average Annual Increase ~4.58%
Town is limited in raising its levy capacity to meet such increases by only 2.5% every year.

11. KEEPING AFLOAT WITH ONE TIME REVENUES
Utilities Agreements $30,925
Tax Title & RE Demands $180,000
Capital Equipment $160,000
Renegotiate Agreements $50,000

12. Use of One Time Revenues
*** It is recommended by the Massachusetts Municipal Association and the Government Finance Officers Association that budgets NOT be balanced with the use of ONE TIME revenue sources, including Stabilization, Free Cash & Overlay Surplus.

14. GOING AFTER GRANTS Grants FY2017/18 Amounts Total $1,543,834 MassWorks
$1,000,000
Complete Streets
$229,462
Demolition
$20,000
Shared Planning
$30,000
Financial Mgt Practices
$40,000
Information Technology
$57,000
OSRP
$11,000
DPW Road Safety
$2,987
META Green Community
$12,500
Parks/Playgrounds
$100,000
Public Safety/Emergency
$40,885
Total
$1,543,834
GOING AFTER GRANTS

15. Why Can’t We Cut To Balance? Library, Senior Center & Veterans
$79,736
$207,698
Fire & EMT
Services
Library, Senior Center & Veterans
$289,641
$71,197
Town Hall
All Depts.
$439,074
Highway
Police &
Dispatch

16. What Do We Have To Do To Fix The Problem And Avoid State Intervention?

17. Set Priorities BMRSD: 3 Year Budget Plan
3 Year Financial Forecast & Plan
Improve Financial Practices
Pursue Grants
Collections & Delinquency
Follow Capital Plan & Maintain Existing Infrastructure
BMRSD: 3 Year Budget Plan
Set Priorities

18. TOP FISCAL PRIORITY: Tackle the Deficit!
WE Need to couple A right-sized budget with a Reset Tax Rate.