Town of New CastleTown of New Castle20142014

Budget Presentation Budget Presentation

What is the Tax Cap? What is the Tax Cap?

Amount the Town is permitted to raise taxes. The Town Board can vote to Amount the Town is permitted to raise taxes. The Town Board can vote to override the cap.override the cap.

In the 3In the 3rdrd year of the cap, the Town of New Castle has never needed to year of the cap, the Town of New Castle has never needed to override the cap.override the cap.

Lesser of 2% or the rate of inflationLesser of 2% or the rate of inflation 1.66% was used for the 2014 budget.1.66% was used for the 2014 budget.

Also used in the calculation is a “tax rate growth factor”. This varies by Also used in the calculation is a “tax rate growth factor”. This varies by municipality, and changes yearly based on projected tax roll changes.municipality, and changes yearly based on projected tax roll changes.

1.0041 was used for the 2014 budget for the Town of New Castle.1.0041 was used for the 2014 budget for the Town of New Castle.

Applies to the tax levy (total amount of taxes collected), not the tax rate Applies to the tax levy (total amount of taxes collected), not the tax rate (amount per $1,000 of assessed value)(amount per $1,000 of assessed value)

Calculating the Tax Cap for the 2014 Budget:Calculating the Tax Cap for the 2014 Budget:

Fund 2014 Appropriation 2013 Tax Levy2014 Proposed Tax

Levy % Change

A - General $19,707,805.00 $11,556,941.00 $11,772,481.00 1.87%D - Highway $4,148,824.00 $3,037,076.00 $3,240,534.00 6.70%SW - Water $8,034,352.00 $991,739.00 $991,739.00 0.00%R - Refuse $3,357,070.00 $2,725,600.00 $2,725,600.00 0.00%SM - Ambulance $48,721.00 $44,061.00 $48,721.00 10.58%

$287,240.00 $274,807.00 $287,240.00 4.52%T - Parking $99,668.00 $87,884.00 $89,642.00 2.00%L - Lighting $115,000.00 $110,000.00 $100,000.00 -9.09%F - Fire Protection $603,284.00 $651,446.00 $603,284.00 -7.39%S1 - Sewer 1 $46,444.00 $45,533.00 $46,444.00 2.00%S2 - Sewer 2 $15,177.00 $14,879.00 $15,177.00 2.00%S3 - Sewer 2 $20,725.00 $20,318.00 $20,725.00 2.00%S4 - Sewer 3 $20,790.00 $20,382.00 $20,790.00 2.00%S5 - King Greeley $54,130.00 $53,086.00 $54,130.00 1.97%S6 - Pines Bridge $54,318.00 $0.00 $0.00 0.00%S7 - Brevoort Rd $26,532.00 $18,870.00 $19,248.00 2.00%SW2 - Two Castles $28,662.00 $13,885.00 $15,262.00 9.92%SW3 - Birch Dr $5,240.00 $5,359.00 $5,240.00 -2.22%SW4 - High Ridge $29,861.00 $0.00 $14,861.00 0.00%C4 - Brevoort Drng $10,944.00 $11,244.00 $10,944.00 -2.67%SD - Law Farms $65,315.00 $56,791.00 $56,792.00 0.00%CR1 - Allen Place $35,166.00 $8,394.00 $6,166.00 -26.54%CR2 - Greeley $35,418.00 $4,200.00 $4,200.00 0.00%

Totals: $36,850,686.00 $19,752,495.00 $20,149,220.00 2.01%

$19,833,480.23

$20,162,716.00 2.08%

$20,149,220.00

Tax Rate Growth Factor @ 1.0041

Tax Cap @ 1.66%

Actual 2014 Total Tax Levy

2014 All Funds2014 All FundsAppropriation BreakdownAppropriation Breakdown

$36,850,686$36,850,686

Sewer Districts238,116

1%

Northern Fire Protection603,284

2%Enhanced Ambulance District335,961

1%

Special Districts425,274

1%

Refuse District3,357,070

9%

Water District8,034,352

22%

Town General & Highway23,856,629

64%

2014 Budget Summary 2014 Budget Summary

PAGE 1

APPROPRIATED APPROPRIATEDFUND BALANCE FUND BALANCE

TO BE USED TO BE USED APPROPRIATED AMOUNTFOR OPERATING FOR CAPITAL FUND BALANCE TO BE RAISED

APPROPRIATION REVENUE EXPENSE EXPENSE FROM DEBT BY TAX

A General Fund 19,707,805 7,935,324 0 0 0 11,772,481

D Highway Fund 4,148,824 808,290 100,000 0 0 3,240,534

SW Consolidated Water District 8,034,352 6,292,613 750,000 0 0 991,739

R Refuse District 3,357,070 422,305 209,165 0 0 2,725,600

SM Enhanced Ambulance Districts 0

Ossining 48,721 0 0 0 0 48,721

Chappaqua 287,240 0 0 0 0 287,240

T New Castle Parking District 99,668 0 10,026 0 0 89,642

L Consolidated Lighting District 115,000 0 15,000 0 0 100,000

F Northern Fire Protection District 603,284 0 0 0 0 603,284

S1 Sewer District No. 1 Maintenance 46,444 0 0 0 0 46,444S2 Sewer District No. 2 Maintenance 15,177 0 0 0 0 15,177S3 Sewer District No. 2 Ext Maintenance 20,725 0 0 0 0 20,725S4 Sewer District No. 3 Maintenance 20,790 0 0 0 0 20,790S5 King Greeley Sewer District 54,130 0 0 0 0 54,130S6 Pines Bridge Sewer District 54,318 54,318 0 0 0 0S7 Brevoort Road Sewer District 26,532 0 7,284 0 0 19,248

SW2 Two Castles Water District 28,662 13,400 0 0 0 15,262

SW3 Birch Drive Water District 5,240 0 0 0 0 5,240

SW4 High Ridge Water District 29,861 15,000 0 0 0 14,8610

C4 Brevoort Road Drainage District 10,944 0 0 0 0 10,944

SD Lawrence Farms Drainage District 65,315 0 8,523 0 0 56,792

CR1 Commercial Refuse District #1 35,166 29,000 0 0 6,166CR2 Commercial Refuse District #2 35,418 31,218 0 0 0 4,200

36,850,686 15,601,468 1,099,998 0 0 20,149,220

TOWN OF NEW CASTLEBUDGET SUMMARY - FISCAL YEAR 2014

2014 Revenue Breakdown2014 Revenue Breakdown General, Highway, Water & Refuse Funds General, Highway, Water & Refuse Funds

$35,248,051$35,248,051

Appropriated Fund Balance$1,059,165

3%

Other Government Aid$1,416,368

4%

Interfund Transfers$1,505,901

4%Departmental Income

$3,785,82611%

Property Tax Penalties$400,700

1%

Sales Tax$2,325,000

7%

Metered Water Sales$5,803,037

17%

Real Property Taxes$18,730,354

53%

Key Revenue SourcesKey Revenue Sources General FundGeneral Fund

County Sales Tax - $2,325,000County Sales Tax - $2,325,000 NYS Mortgage Tax - $950,000NYS Mortgage Tax - $950,000 Commuter Parking Fees - $775,000Commuter Parking Fees - $775,000 Building Permits - $490,000Building Permits - $490,000 Summer Camps - $486,000Summer Camps - $486,000 Concession Income - $405,000Concession Income - $405,000

Highway FundHighway Fund State Aid (CHIPS) - $220,000State Aid (CHIPS) - $220,000

Refuse FundRefuse Fund Compost & Mulch Sales - $130,000Compost & Mulch Sales - $130,000 Yard Waste - $80,000Yard Waste - $80,000

Water FundWater Fund Water Sales - $5,803,037Water Sales - $5,803,037

2014 Expenditure Breakdown 2014 Expenditure Breakdown General, Highway, Water & Refuse Funds General, Highway, Water & Refuse Funds

$35,248,051$35,248,051

Debt$2,666,214

8%

Transfers$1,185,433

3%

Personnel$11,258,460

32%

Equipment$367,546

1%

Contractual$10,731,043

30%

Benefits$9,039,355

26%

Key ExpendituresKey Expenditures

Highway FundHighway Fund Road Paving - $400,000Road Paving - $400,000 Salaries (Snow Removal) - $175,000Salaries (Snow Removal) - $175,000 Salt - $175,000Salt - $175,000 Gasoline/Diesel - $69,000Gasoline/Diesel - $69,000 Road Maintenance Materials - $50,000Road Maintenance Materials - $50,000

Refuse FundRefuse Fund Refuse Collection - $1,752,000Refuse Collection - $1,752,000 Transfer Site Charges - $485,000Transfer Site Charges - $485,000

Water FundWater Fund Cost of Water - $1,460,561Cost of Water - $1,460,561 Water Plant Operations – $835,275Water Plant Operations – $835,275 Electricity - $308,214Electricity - $308,214 Chemicals - $105,616Chemicals - $105,616

Key ExpensesKey Expenses

Factors Affecting All FundsFactors Affecting All Funds Employee BenefitsEmployee Benefits

Health Insurance - $4,138,092Health Insurance - $4,138,092 NYS Retirement - $2,668,696NYS Retirement - $2,668,696 Workers Compensation - $987,939Workers Compensation - $987,939

Debt Payments - $2,821,490Debt Payments - $2,821,490 Legal Expenses - $394,114Legal Expenses - $394,114 MIS Costs - $290,203MIS Costs - $290,203 Telephone/Data Services - $115,080Telephone/Data Services - $115,080

2013 vs 2014 Average Tax Bill2013 vs 2014 Average Tax Bill(Assuming Town Water, Refuse, Fire Protection, and Ambulance)(Assuming Town Water, Refuse, Fire Protection, and Ambulance)

2013 2014 Change % Change

Total A/V $1,064,185,188.00 $1,067,091,896.00 $2,906,708.00 0.27%

Average A/V $172,309.00 $171,045.00 -$1,264.00 -0.73%

Tax Rate 13.713795 14.069093 0.355298 2.59%

Water District Rate 0.982314 0.980269 -0.002045 -0.21%

Spec Dist - Northern Fire 3.179464 2.933620 -0.245844087 -7.73% - Ambulance 0.269880 0.280192 0.010311626 3.82%

General/Hwy $2,363.01 $2,406.45 $43.44 1.84%

Water $169.26 $167.67 -$1.59 -0.94%

Refuse $485.00 $485.00 $0.00 0.00%

Northern Fire $547.85 $501.78 -$46.07 -8.41%

Ambulance $46.50 $47.93 $1.42 3.06%

CCSD $17,765.41 $18,047.02 $281.61 1.59%

Westchester County $3,063.52 $3,041.04 -$22.47 -0.73%

Total Tax Bill $24,440.55 $24,696.89 $256.34 1.05%

Cost of ServicesCost of ServicesAverage Assessed Value $171,405Average Assessed Value $171,405

Average Tax Bill $2,406Average Tax Bill $2,406

Police, $643.93

Capital Projects, $196.21

Highway, $322.03

Admin/ Comptroller/ Town

Clerk/ Tax Assessor/ Tax

Receiver, $828.95

Building & Engineering, $139.35

Parks and Recreation, $233.72

Snow Removal, $42.27