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Northampton Budget Issues 08 March 2011
1. FY2011 MAJOR BUDGET ISSUES
Revenue : Increase/Decrease
Tax Levy growth FY11- FY12 $ 895,877 2 1/2% Increase
$ 500,000 projected new growth
Local Receipts Mea ls & Rooms Taxes $ 21,215 2 1/2% Increase
$1,183,092
Reduction of Landfil l Host Community Fee $ (234,000) Second 50% reduction in anticipation of potential closure in 2012
State Aid State Revenue $ (246,756) House 1
$ (246,756)
On e Time Revenue Stimulus Funding (Schools) $ (998,227)
$ (998,227)
$ (61,891 ) NET revenue growth wit h $SOOK New Growth & cuts to State Aid
Expenses :
OM/Fringe Health Insurance $ 719,189 assume 7.5% increase
$961,577 Retirement $ 209,329 increase over FY2010 already known
86% Other Fringe Bene fi ts $ 33,059 assume 3% increase in Medicare/Worker's Camp/Sick leave Buy-back, etc.
OM/Other
$15,402 City & Schoo l Util ities assume 0% increa se
1% Municipa l Insurance $ 15,402 assume 2.5% increase in Vehicle, property, liability, etc.
E e Assessments ) Charte r/Cho ice, PVTA Et c. $ 146,759
$ 1,123,738 Assumed Expenditure growth
Estimated Budgetary Shortfal l for FY2011 $ (1,185,629)
=================
This does not reflect any step or pay increases. It also does not include Special Education or other School non-personnel cost increases.
3/8/7011
4. r·--·-----
Percentage Growth 2004 -10
1
I
182%
37%
31%
HUMAN SERVI CES
24%
- EMPLOYEE BENEFITS
MISCELLANEOUS
21%
PUBLIC SAFETY
._ EDUCATION
PUBLIC WORKS
r! GENERAL GOVERNMENT
• CU LTURE AND RECREATION
5% DEBT SERV ICE
-- NON -APPROPRIATED USES
-1% lil CAPITAL PROJECTS
-50% 0% 50% 100% 150% 200%
L_