Town of New Castle 2016 Budget Presentation

2016 Tax Cap Information The tax cap refers to the amount the Town is permitted to raise the

tax levy. The Town can exceed the cap, but needs Town Board approval to do so. The tax cap pertains to the aggregate tax levy (total amount of taxes collected), not the tax rate (amount per $1,000 of assessed value.

The 2016 budget is the 5th year of the tax cap, the Town of New Castle has never needed to override the cap.

The tax cap is the lesser of 2% or the rate of inflation. The tax cap number for the 2016 budget is .73%. (1.56% in 2015)

Also used in the calculation is the “tax rate growth factor”. This varies by municipality, and changes yearly based on projected tax roll changes. The tax rate growth factor for the 2016 budget is 1.0068%. (1.0037 in

2015)

Calculating the Tax Cap for the 2016 Budget Fund 2015 Appropriation   2015 Levy   2016 Proposed Levy % Change

            A $19,638,300.00  $11,632,256   $11,608,862 -0.20%D $4,515,603.00  $3,667,813   $3,785,940 3.22%SW $8,244,203.00  $991,739   $991,739 0.00%R $2,733,321.00  $2,449,986   $2,450,558 0.02%SM $49,440.00  $49,440   $50,756 2.66%  $290,497.00  $290,297   $298,521 2.83%T $98,664.00  $89,642   $89,642 0.00%L $125,000.00  $100,000   $100,000 0.00%F $630,617.00  $630,617   $600,953 -4.70%M $0.00  $0   $25,000 0.00%S1 $46,444.00  $46,444   $46,444 0.00%S2 $15,177.00  $15,177   $15,177 0.00%S3 $20,725.00  $20,725   $20,725 0.00%S4 $20,790.00  $20,790   $20,790 0.00%S5 $54,130.00  $54,130   $54,130 0.00%S6 $55,318.00  $0    0.00%S7 $25,782.00  $19,249   $19,249 0.00%SW2 $24,965.00  $12,765   $12,766 0.01%SW3 $0.00  $0    0.00%SW4 $34,420.00  $14,920   $14,920 0.00%C4 $10,644.00  $10,644   $10,344 -2.82%SD $68,440.00  $56,792   $56,792 0.00%CR1 $35,166.00  $6,166   $6,166 0.00%CR2 $34,560.00  $4,200   $4,200 0.00%              $36,772,206.00  $20,183,792   $20,283,674 0.49%            

Tax Base Growth @ 1.0068%  $20,321,042                 

Tax Cap @ .73%  $20,469,385    1.41%            

Tax Levy Limit 2016  $20,469,385                 

Proposed Total Levy 2016  $20,283,674                 

Amount Remaining Under the Tax Cap  $185,711     

2016 Tax Freeze/Tax Rebates Enacted in 2014 to complement the tax cap initiative. The rebates were based on the 2015 and 2016 budgets. The intent of the rebate is to reimburse homeowners for increases in their taxes,

residents will receive the greater of: The actual increase in the homeowners tax bill or The previous year’s tax bill multiplied by an inflation factor.

In order to for residents to receive the rebates, the following conditions had to be met:

Resident must be STAR eligible. For the 2015 budget, the town was required to adopt a budget that was tax cap compliant.

The town adopted a budget with a .17% levy increase, which qualifies for the 2015 tax rebate. For the 2016 budget, the town was required to adopt a budget that was tax cap compliant,

and submit an efficiency plan showing savings of 1% per year for 2017, 2018, 2019. The preliminary budget provides for a .49% levy increase. The efficiency plan approved by the state provides for savings of over $1MM per year over the

targeted 1%. Based on the preliminary budget, the town qualifies for the 2016 tax rebate.

2016 Tax Rate Information2015 2016 Change

Total Assessed Value: $1,069,389,349.00 $1,067,610,744.00 -0.17%

Average Assessed Value (Residential): $171,411.00 $171,803.00 0.23%

Average Market Value: $829,274.31 $888,330.00 7.12%

Tax Rate (General & Highway) 14.311532 14.419864 0.76%

Tax Cap 1.560000 0.730000 -53.21%

Tax Rate Growth Factor 1.003700 1.006800 0.31%

Total Tax Levy $20,183,992.00 $20,283,674.00 0.49%

2016 Total Tax LevyAll Funds – Including Special Districts

2009 2010 2011 2012 2013 2014 2015 2016$17,000,000.00

$17,500,000.00

$18,000,000.00

$18,500,000.00

$19,000,000.00

$19,500,000.00

$20,000,000.00

$20,500,000.00

0.00%

0.50%

1.00%

1.50%

2.00%

2.50%

3.00%

$18,217,279.00

$18,485,803.00

$18,860,538.00

$19,340,705.00

$19,752,495.00

$20,149,220.00

$20,183,992.00

$20,283,674.00

1.47%

2.03%

2.55%

2.13%2.01%

0.17%

0.49%Total LevyPercentage Increase

2016 Budget Summary        APPROPRIATED   APPROPRIATED                  FUND BALANCE   FUND BALANCE                  TO BE USED   TO BE USED   APPROPRIATED   AMOUNT          FOR OPERATING   FOR CAPITAL   FUND BALANCE   TO BE RAISED  

APPROPRIATION   REVENUE   EXPENSE   EXPENSE   FROM DEBT   BY TAX                             

A General Fund 20,012,282  8,328,420  0   0  75,000   11,608,862                             

D Highway Fund 4,660,730  834,790  0   0  40,000   3,785,940                            

SW Consolidated Water District 8,336,692  6,444,953  900,000  0  0  991,739                            

R Refuse District 2,732,756  282,198  0   0  0  2,450,558                            

SM Enhanced Ambulance Districts                 0        Ossining 298,521  0  0   0  0  298,521   Chappaqua 50,756   0  0   0  0  50,756  

                           T New Castle Parking District 99,625   0  9,983  0  0  89,642  

                           L Consolidated Lighting District 120,000  0  20,000   0  0  100,000 

                           F Northern Fire Protection District 600,953  0  0   0  0  600,953 

                           S1 Sewer District No. 1 Maintenance 46,444   0  0   0  0  46,444  S2 Sewer District No. 2 Maintenance 15,177   0  0   0  0  15,177  S3 Sewer District No. 2 Ext Maintenance 20,725   0  0   0  0  20,725  S4 Sewer District No. 3 Maintenance 20,790   0  0   0  0  20,790  S5 King Greeley Sewer District 54,130   0  0   0  0  54,130  S6 Pines Bridge Sewer District 55,318   55,318   0   0  0  0 S7 Brevoort Road Sewer District 25,782   0  6,533  0  0  19,249                             

SW2 Two Castles Water District 25,066   12,300   0   0  0  12,766                             

SW3 Birch Drive Water District 0  0  0   0  0  0                            

SW4 High Ridge Water District 32,720   17,800   0   0  0  14,920                  0          

C4 Brevoort Road Drainage District 10,344   0  0   0  0  10,344                             

SD Lawrence Farms Drainage District 66,440   0  9,648  0  0  56,792                             

CR1 Commercial Refuse District #1 35,166   29,000   0   0      6,166 CR2 Commercial Refuse District #2 34,560   30,360   0   0  0  4,200 

M King Street Sidewalk District 25,000   0  0   0  0  25,000      37,379,977  16,035,139   946,164  0  115,000  20,283,674  

2016 All Funds – Appropriation Breakdown $37,379,977

Town General & Highway24673012

66%

Water District8336692

22%

Refuse District2732756

7%

Enhanced Ambulance District349277

1%

Northern Fire Protection600953

2%Sewer Districts

2383661%

Special Districts448921

1%

2016 Budget Highlights Created New Positions:

Hamlet Caretaker (Parks Department) $44,547 Intermediate Account Clerk (Comptroller’s Office) $51,497 Building Inspector $93,649

Maintained Funds for the Town Board and Advisory Boards Beautification Advisory Board (BAB) $25,000 Town Boards & Commissions $5,000 Arts & Culture Committee $5,000 Town Board Special Projects $25,000

Increased Road Paving from $600,000 to $722,786 Included Funding For Operating and Maintenance Costs for Wallace Auditorium

$65,000

2015 Revenue Breakdown General, Highway, Water & Refuse Funds$37,379,977

Real Property Taxes20283674

54%Property Tax Penalties352000

1%

Departmental Income4084516

11%

Interfund Transfers1525438

4%

Appropriated Fund Balance1061164

3%

Other Government Aid1422339

4%

Sales Tax2450000

7%Metered Water Sales

599084616% Other Sources

2100001%

2016 Key Revenue Sources General Fund

County Sales Tax - $2,450,000 State Aid (Mortgage Tax) - $950,000 Commuter Parking Fees - $805,000 Building Permits - $800,000 Concession Income (Rent/Franchise Fees) - $461,000 Summer Camp - $364,665

Highway Fund State Aid (CHIPS) - $222,000

Water Fund General Water Sales - $3,506,565 Water Sales Pleasantville -$1,244,781

Refuse Fund Compost & Mulch Sales - $70,000 Yard Waste - $43,490

2016 Expenditure BreakdownGeneral, Highway, Water & Refuse Funds$37,379,977

Personnel11870093

32%

Equipment387280

1%Contractual12852268

34%

Benefits7945562

21%

Debt2578421

7%

Transfers1746353

5%

2016 Key Expenditures

Factors Affecting Multiple Funds Employee Benefits

Health Insurance - $4,023,765,74 NYS Retirement - $2,262,902 Workers Compensation - $542,570

Debt Payments (Capital Costs) – $2,579,281 Legal Expenses - $479,976 Telephone/Data Services - $117,000

2016 Key Expenditures (cont) Highway Fund

Road Paving/Permanent Improvements - $722,786 Salt - $200,000 Salaries (Snow Removal) - $175,000 Road Maintenance Materials - $100,000

Water Fund Cost of Water (NC/P’Ville) - $2,067,644/$559,417 Water Plant Operations - $894,761 Electricity WTP (NC/P’Ville) - $315,790/$112,691

Refuse Fund Refuse Collection - $960,000 Transfer Site Charges - $465,000

2016 Town/Special District Tax BillAverage Assessed Value $171,803Town of New Castle – General & HighwaySpecial Districts – Refuse, Water, Fire, Enhanced Ambulance

2009 2010 2011 2012 2013 2014 2015 2016$1,000

$1,500

$2,000

$2,500

$3,000

$3,500

$4,000

$2,023 $2,081$2,196 $2,268

$2,351 $2,415 $2,452 $2,477

$1,159 $1,168 $1,114$1,192 $1,245 $1,205 $1,178 $1,172

$3,181 $3,249 $3,311$3,461

$3,595 $3,621 $3,630 $3,650

Town of NCSpec DistTotal

2016 Cost of ServicesGeneral/Highway FundsAverage Tax Bill - $2,477.38

Police; $655.33

Highway; $269.76

Snow Removal; $45.74

Parks/Recreation/Senior Svcs; $175.84

Building & Engineering; $125.61Management/Adminstrative; $420.97

Capital Projects; $172.98

Employee Benefits; $611.15

PoliceHighwaySnow RemovalParks/Recreation/Senior SvcsBuilding & EngineeringManagement/AdminstrativeCapital Projects

2016 Total Tax BillWestchester County – EstimatedTown of NC/Spec Districts – ProposedCCSD/Library – Actual

2009 2010 2011 2012 2013 2014 2015 2016$5,000

$7,500

$10,000

$12,500

$15,000

$17,500

$20,000

$22,500

$25,000

$27,500

$16,

437

$16,

426

$16,

833

$17,

268

$17,

674

$18,

086

$18,

370

$18,

668

$2,9

17

$3,0

13

$3,1

24

$3,0

33

$3,0

48

$2,9

95

$2,9

96

$2,9

24

$2,0

23

$2,0

81

$2,1

96

$2,2

68

$2,3

51

$2,4

15

$2,4

52

$2,4

77$1,1

59

$1,1

68

$1,1

14

$1,1

92

$1,2

45

$1,2

05

$1,1

78

$1,1

72

Spec DistTown of NCWestchester CtyCCSD/Library