1 / 20

Plumsted Township

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

marguerite-lefevre
Download Presentation

Plumsted Township

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

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

  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

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

  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%

  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%

  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

  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

  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 SEEKING TRANSITIONAL STATE AID

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

  11. Value of $0.01 of tax rate • $105,525 • $ 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%

  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. 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

  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 Total estimated increase 2013 vs. 2012 is $647,168 or 3.7%

  17. HISTORY OF TAX APPEALS 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. 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. 2013 vs. 2012 Average Home • Assessment Tax Rate Tax • 2013 275,900 2.30 $6,345 • 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

More Related