1. Plumsted Township 2013 Budget Questions or Comments Contact: Mayor David Leutwyler 609-758-2241 1

2. 2013 BUDGET INTRODUCTION 3/14/13 PUBLIC HEARING: 5/1/13 MUNICIPAL BUILDING, 121 EVERGREEN RD 8:00 P.M. BUDGET INFORMATION POSTED ON TOWNSHIP WEBSITE WWW.PLUMSTED.ORG COPY AVAILABLE AT MUNICIPAL BUILDING LIBRARY 2

3. BUDGET OVERVIEW 2012 Budget $3,291,153 2013 Budget $3,258,181 2013 is $32,972 LESS than 2012 3

4. TOTAL SALARIES – 5 PAST YEARS 2009: $1,360,972 2010: $1,252,330 2011: $1,158,117 2012: $1,165,890 2013: $1,196,999 Differences: 2013 is $31,109 more than 2012 2.6% entire increase in 2013 is contractual with police 2013 is $163,973 less than 2009 - 12.0% 4

5. TOTAL OPERATING EXPENSES 2010: $1,563,588 2011: $1,268,471 2012: $1,247,412 2013: $1,141,893 Differences 2013 is $105,519 less than 2012 - 8.4% 2013 is $421,695 less than 2010 - 26.9% 5

6. 2% TAX CAP LEVY LAW PROVIDES FOR: TAXING AND SPENDING CAPS TAX CAP 2% $31,793 DEBT & CAPITAL INCREASE 71,982 REVALUATION 28,334 HEALTH INSURANCE 22,824 PENSION INCREASE 9,082 6

7. MAXIMUM TAX WITHIN 2% TAX CAP LAW $1,756,447 $159,381 TAX DOLLAR INCREASE $0.05 increase in the tax rate – due to ratable loss. Needed just to raise same amount of taxes as last year 7

8. 8 $0.02 increase in the tax rate covers the $159,381 tax dollar increase Total 2013 tax rate $0.22

9. 2% TAX CAP LEVY LAW 2013 BUDGET IS IN COMPLIANCE NO BALLOT QUESTION TO EXCEED CAP NOT SEEKING TO EXCEED TAXING CAP 9 SEEKING TRANSITIONAL STATE AID

10. 10 Ratable Base Loss 2012 2013 $1,055,257,351 in 2012 vs. $ 785,909,959 in 2013 a loss of $269,347,392 or 25.5% $372,067 $275,900

11. 11 Value of $0.01 of tax rate 2012 $105,525 2013 $ 78,590 Decrease $26,935

12. TAX DOLLAR CHANGE FOR AVERAGE HOME (Township portion) 2012 BUDGET AT $0.15 = $561 2013 BUDGET AT $0.22 = $616  INCREASE OF $55 or 9.8% 12

13. 13 COMPARISON WITH OCEAN COUNTY AVERAGE AVERAGE MUNICIPAL TAX PORTION $1,764 AVERGAE PLUMSTED TAX PORTION 616 DIFFERENCE $1,148 LESS PLUMSTED REMAINS LOWEST IN OCEAN COUNTY

14. 14 COMPARISON WITH NEW JERSEY AVERAGE AVERAGE NJ PROPERTY TAX $7,870 AVERGAE PLUMSTED PROPERTY TAX 6,345 DIFFERENCE $1,525 LESS

15. 2013 Estimated Total Tax Bill % of Total Tax School 63.8% $ 11,539,957 County 17.6% $ 3,184,692 Township 9.7% $ 1,756,447 Fire 8.0% $ 1,441,545 Open Space 0.9% $ 157,181 Total 100% $ 18,079,822 15

16. 2013 vs. 2012 Estimated Change 2013 2012 Change % School $ 11,539,957 $11,142,884 397,073 3.6 County 3,184,692 3,193,951 -9,259 -0.3 Township 1,756,447 1,597,066 159,381 9.9 Fire 1,441,545 1,287,700 153,845 12.0 Open Space 157,181 211,053 - 53,872 - 25.5 Total $ 18,079,822 $17,432,654 16 Total estimated increase 2013 vs. 2012 is $647,168 or 3.7%

17. 17 HISTORY OF TAX APPEALS YearValuation LossMunicipalSchoolCountyFireTotal 2008 $ 2,523,600.00 $ 2,775.96 $ 24,226.56 $ 6,939.90 $ 1,741.28 $ 35,683.70 2009 $ 4,332,700.00 $ 5,632.51 $ 42,330.48 $ 12,304.87 $ 4,072.74 $ 64,340.60 2010 $ 8,209,716.00 $ 10,672.63 $ 82,343.45 $ 24,875.44 $ 8,209.72 $ 126,101.24 2011 $ 16,069,200.00 $ 24,264.50 $ 161,656.15 $ 48,528.98 $ 17,033.35 $ 251,482.98 2012 $ 22,686,500.00 $ 38,793.91 $ 239,342.58 $ 68,966.96 $ 27,904.40 $ 375,007.85 TOTALS $ 53,821,716.00 $ 82,139.51 $ 549,899.22 $ 161,616.15 $ 58,961.49 $ 852,616.37 The township was forced to borrow $145,000 in 2011 and $282,000 in 2012 so that we were able to pay the School, County and Fire districts.

18. 18 Reassessment lowered tax base by $269,347,392 Estimated 2013 Total Tax Rate is $2.30 per 100 Actual 2012 Total Tax Rate is $1.65 per 100

19. 19 2013 vs. 2012 Average Home Assessment Tax Rate Tax 2013 275,900 2.30 $6,345 2012 372,067 1.65 6,139 Change.65 206 $206 is a 3.4% increase over 2012 $0.57 of the rate increase of $0.65 is due to the ratable loss and $0.08 is the total estimated tax increase

20. Plumsted Township 2013 Budget Questions or Comments Contact: Mayor David Leutwyler 609-758-2241 20