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2014 Municipal Budget

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

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2014 Municipal Budget

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

  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

  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

  4. 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. 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. Annual Challenges • Living within State-mandated 2% CAP • While maintaining basic services that exceed that cost (employee benefits, fuel, etc.) • 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 • Different World since 2008 • Need to STOP utilizing deferred school tax option & replenish depleted surplus • Liquor License Revenue

  7. 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. Thank You!

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