2020 Budget 2020 Budget Highlights 3% increase in general liability - - PowerPoint PPT Presentation

2020 Budget

2020 Budget Highlights

 3% increase in general liability insurance  28% increase in garbage disposal costs  44% decrease in municipal court fees, 71% decrease in

interest on investments

 Anticipating over $1,000,000 less in surplus

2019 2020 % of Budget Fund Balance 1,450,000.00 200,000.00 Local Revenues 2,194,850.00 1,578,500.00 State Aid 6,432,564.00 6,432,564.00 Uniform Construction Code 800,000.00 850,000.00 22% Grants 3,465,816.90 3,377,071.44 Other Special Items 3,821,575.00 2,121,960.00 Delinquent Taxes 75,000.00 56,000.00 Minimum Library Tax 950,151.00 1,046,949.06 Amount to be Raised by Taxation 52,367,790.77 55,523,196.14 78% Total Revenues 71,557, 747.67 71,186,240.64 100%

2020 Anticipated Revenues

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2020 Appropriations

2019 2020 Operations within CAP: Salaries & Wages 29,424,054.00 28,567,891.76 Other Expenses 21,476,475.00 22,226,978.68 Statutory Expenditures 8,423,527.56 8,057,804.26 Operations outside CAP: Other Expenses 7,297,681.11 7,501,818.44 Capital Improvements 1,019,040.00 1,021,840.00 Debt Service 3,315,470.00 3,476,907.50 Deferred Charges & Judgments 170,000.00 170,000.00 Reserve for Uncollected Taxes 431,000.00 163,000.00 Total 71,557,247.67 71,186,240.64

Tax Bill Comparison (Avg. Residential NAV - $276,474)

FY 2019 FY2020 Municipal $4,648.00 $4,943.36 School District $3,802.91 $3,942.52 County $1,242.78 $1,368.54 Library $ 85.61 $ 94.00 Total Tax Bill Amt. $9,779.30 $10,348.42 FY 2020 Total Property Tax Bill Municipal increase of .108% or $303.75 including the Library

2020 Capital Improvements

 Road Paving – Greylock Parkway (From Union to

Passaic), Fairview Place (entire length), Valley Street (entire length), Lake Street (Honnis to Jeraldo), Ralph Street (Greylock to Little)

 Washington Avenue and Main Street Flood Mitigation  Upgrade to Computer Network

2020 Capital Improvements

Water Utility:

 Replacement of Water Meters  Replacement of Lead Service Lines  Mandated by DEP Water Testing  Asset Management

Borough Website

 The following documents will be made available on

the Borough’s website:

 State Budget Document  User-Friendly Budget  Power Point presentation

Questions?