TOWN OF NORTH CASTLE

2014 Preliminary BudgetBudget HearingNovember 20th, 2013Supervisor Howard Arden

Councilmembers Michael Schiliro, John CroninDiane Roth and Stephen D’Angelo

Administrator Joan GoldbergComptroller Faith Berland

North Castle Taxes

= 67%

= 16%

SCHOOL COUNTY TOWN

FIRE AMBULANCE WATER SEWER STREET LIGHTS

= 17%

SPECIAL DISTRICT TAXES

REAL ESTATE TAXES

North Castle Budget by Fund

GENERAL GOV’T HIGHWAY LIBRARY 61% 17% 6%

$18,280,585 $5,222,087 $1,664,848

SEWER WATER Fire, Ambulance, etc 6% 6% 3%$1,905,261 $1,904,738 $908,670

Total Budget $29,886,189

North Castle Tax Levy

2013 2014

Tax Levy $20,827,837 $21,442,285

Tax Levy Growth $614,448

Allowable Growth $736,245

Difference ($121,797)

North Castle Real Estate Taxes

INCREASE (DECREASE)2.95% 3.18% (49.12%) 3.02%

FUND EXPENSES - REVENUE & BALANCE = REAL PROPERTY TAXES

2014 Budget $25,167,520 $6,383,967 $25,439 $18,758,114

2013 Budget$24,445,945 $6,187,451 $50,000 $18,208,494

Calculation of Real Property Tax Rates

INCREASE 3.02% 0.03% 2.98%

REAL PROPERTY TAXES TOTAL ASSESSED VALUATION REAL PROPERTY TAX RATE

2013$18,208,494 $116,477,195 $156.33 (per $1000)

2014 Budget$18,758,114 $116,517,364 $160.99 (per $1000)

North Castle Town Tax Impact

Based on a $862,000 market value home, the proposed general tax rate for Town taxes would impact homeowner taxes as follows:

$2,939 2013 General Taxes

$3,027 2014 General Taxes

$87.67 Increase in general taxes

Non Property Tax Revenue

North Castle Staff

Department 2013 Budget 2013 Actual2013 Act vs Bud 2014 Budget

2014 Bud vs 2013 Act

FT PT FT PT FT PT FT PT FT PTPolice 33 2 34 1 1 (1) 36 1 2 - Highway 23 - 20 - (3) - 23 - 3 - Planning Department 2 - 2 - - - 2 - - - Sewer & Water 9 - 7 - (2) - 9 - 2 - Parks and Recreation 12 4 9 4 (3) - 12 4 3 - Justice Department 2 3 2 3 - - 2 3 - - Building Department 4 1 4 1 - - 4 1 - - Administrator 1 - 1 1 - 1 1 1 - - Finance 3 - 3 1 - 1 3 1 - - Other 3 2 3 1 - (1) 3 1 - - Assessor 3 - 3 - - - 3 - - - Tax Receiver 2 1 2 1 - - 2 1 - - Library 12 5 11 4 (1) (1) 11 4 - - Town Clerk 4 - 4 - - - 4 - - -

- - - - Total 113 18 105 17 (8) (1) 115 17 10 -

- - - - Town Board 4 - 4 - - - 4 - - -

Grand Total 117 18 109 17 (8) (1) 119 17 10 -

Total Employees 135 126 (9) 136 10

2014 Capital Improvement Projects

Road Repairs/ 2 Police Parks Dept. Parks Dept.Maintenance Cars Truck with Plow Snow Tractor

Building Dept. Highway Sewer & Water Server Upgrades Vehicle Truck Truck

QUESTIONS?