1. 2014 Municipal Budget Township of Harrison June 16, 2014 1

2. 2014 Budget Process October – December 2013  Department Leaders submit 2014 budget requests  Finance Team & Administrators review requests January – February 2014  Administrators & Finance Team review & modify requests February – June 2014  Finance Team inputs preliminary budget with modifications  Preliminary budget is reviewed by Financial Advisors & Auditors  Preliminary budget summary is reviewed with Administrators & Mayor  May budget is introduced at Township Public Meeting Public comments welcomed 2

3. Where Your Tax Dollars Go Based on 2014 tax estimates  31.5% Harrison Twp. School  24.4% Clearview Regional  21.1% County Tax  1.5% County Open Space  3.0% Harrison Fire District  1.6% County Library  2.2% Municipal Open Space  14.7% Local Tax 3

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5. Local Tax Dollars Pay For… 14.76%  Police & Public Safety  Public Works Services  General Municipal Services  Trash & Recycling Collection & Disposal  Recreational Maintenance & Upkeep  Various Boards & Commissions  Capital Improvement Projects * All of these services are provided through your total property tax bill 5

6. 2014 Capital Projects Included in this budget…  Construction of New Police Building  Equipment for the Police Department  Improvements to Various Roads  Improvements to Wastewater Treatment Plan  Infrastructure Improvements & Equip. for DPW  IT Equipment/Computers for Municipal Services 6

7. Annual Challenges àLiving within State-mandated 2% CAP  While maintaining basic services that exceed that cost (employee benefits, fuel, etc.) à Harrison Local Tax Rate History  NO increase for 8 consecutive years (1999-2006)  Actual expenditures for period increased by 95%  Accomplished through deferred school tax & using surplus from record housing starts à Different World since 2008  Need to STOP utilizing deferred school tax option & replenish depleted surplus  Liquor License Revenue 7

8. Impact on 2014 Tax Rate  4.6 Cent Increase per $100 of Assessed Value Equates to a $144 annual increase for average priced home (approx. $313K) Or $12 per month (only “decision” was moving forward with new Police Building) All other requirements added up to 2.5 cent increase ($7.50 per month) Required down payment on Police Building is 2.1 cents ($5.50 per month) 8

9. Thank You! 9