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    City of Hoboken CY 2017 Introduced Budget

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    GrafixAvenger
    This is the Hoboken's 2017 Municipal Budget presentation shown to the public at the Hoboken City Council on March 15, 2017.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    City of Hoboken CY 2017 Introduced Budget

    Uploaded by

    GrafixAvenger
    6K views13 pages
    This is the Hoboken's 2017 Municipal Budget presentation shown to the public at the Hoboken City Council on March 15, 2017.

    Original Title

    Hoboken 2017 Municipal Budget Intro Presentation

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    This is the Hoboken's 2017 Municipal Budget presentation shown to the public at the Hoboken City Council on March 15, 2017.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6K views13 pages

    City of Hoboken CY 2017 Introduced Budget

    Uploaded by

    GrafixAvenger
    This is the Hoboken's 2017 Municipal Budget presentation shown to the public at the Hoboken City Council on March 15, 2017.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 13

    City of Hoboken

    CY 2017 Introduced Budget

    Prepared by
    Stephen Marks, Business Administrator
    Linda Landolfi, Finance Director

    1 March 15, 2017


    City Budget Summary
    (Excluding Grants & Library Tax)

    2016 Adopted Budget 2017 Introduced Budget Change


    Revenues
    Surplus Anticipated $10,000,000 $10,000,000 0.0%
    PILOTS/Abatements $14,046,580 $15,108,000 7.6%
    Miscellaneous $28,340,781 $28,047,089 -1.0%
    Receipts from Delinquent Taxes $915,000 $915,000 0.0%
    Municipal Purpose Tax $53,885,664 $53,885,664 0.0%
    Total Revenue $107,188,025 $107,955,753 0.7%

    Appropriations
    Salaries and Wages $41,825,357 $45,803,489 9.5%
    Other Expenses $45,085,995 $41,909,568 -7.0%
    Statutory $10.173,514 $10,073,849 -1.0%
    Debt Service $7,586,500 $8,122,188 7.1%
    Deferred Charges $1,621,659 $1,621,659 0.0%
    Capital Improvements $895,000 $425,000 -52.5%

    2 Total Appropriations $107,188.025 $107,955,753 0.7%


    Major Revenue Changes

    Item Amount
    REVENUE:
    Payments in Lieu of Taxes $1,061,000
    Building Permits $(517,000)
    FEMA $(500,000)
    Capital Fund Balance $ 242,000
    Municipal Court $ 191,000
    Open Space $ 190,000
    Interest on Deposits $ 65,000
    Other Revenue Items $ 36,000

    3 Revenue increased by $768,000


    Major Appropriation Increases

    Item Amount
    S&W $ 4,000,000
    Salary Adjustments $ (1,450,000)
    Net S&W increase $ 2,550,000
    Debt Service $ 536,000
    Liability/Workers Comp Insurance $ 255,000
    Master Plan $ 100,000
    Construction Code OE $ 100,000
    Redevelopment $ 63,000

    Appropriations increased by $768,000


    4
    Major Appropriation Decreases

    Item Amount
    Reserve for Tax Appeals $ (1,000,000)
    Health Benefits $ (673,000)
    Judgements $ (550,000)
    Capital Improvement Fund $ (400,000)
    Social Security/Medicare $ (225,000)

    Appropriations increased by $768,000

    5
    2nd Lowest Municipal Tax in Hudson County

    2016 Average Residential Municipal Bill


    $6,007
    $6,000 $5,684
    $5,238
    $5,000
    $4,199 $4,104 $4,087
    $4,000 $3,761
    $3,324 $3,312 $3,215
    $3,000 $2,491 $2,481

    $2,000
    $1,000
    $-

    6
    Stable Municipal Purposes Tax
    Increasing County Taxes

    (for average residential assessed property)

    7 2017 Municipal Purposes tax decrease is $6 per $100,000 of assessed value


    Share of Total Tax Bill

    45%

    40%

    35% County

    School
    30%
    Municipal

    25%

    20%
    2009 2010 2011 2012 2013 2014 2015 2016

    8
    2017 Appropriations

    Statutory, 9.3%
    Capital, 0.4%

    Debt Service, 7.5%

    Deferred Charges, 1.5%

    Salaries, 42.4%

    OE, 38.8%

    9
    Salaries & Wages
    Court, 2.6% Community Dev, 1.4%
    Administration, 7.4%

    Revenue/Finance, 3.0%

    Human Services, 4.7%

    Public Works, 7.7%

    Public Safety,
    73.2%

    10
    2017 Operating Expenses
    Reserve for Tax
    Appeals, 2.4% Other, 7.7%

    Administration,
    5.6%

    Other Insurance,
    6.8%

    Reserve for Group Health,


    Uncollected 47.5%
    taxes, 7.9%

    Utilities and
    Other Public Works,
    Unclassified, 13.4%
    8.7%

    11
    2017 Capital Program
    Project Category Estimated Total Capital Imp Fund
    City Hall Preservation $ 500,000 $ 0
    Park Acquisition and Improvement $ 9,400,000 $ 0
    Pier A Rehabilitation $ 4,000,000 $ 200,000
    Police Cameras & ALPRS $ 500,000 $ 25,000
    Police Vehicles $ 220,000 $ 11,000
    Road Resurfacing & Trans $ 3,444,000 $ 164,000
    Water Main Replacement $ 5,000,000 $ 0

    Total $ 23,064,000 $ 400,000

    12
    Budget Workshop Dates

    Monday, March 27, 2017


    o Police 6:00pm
    o Corporation Counsel 7:00pm
    o Transportation and Parking 8:00pm
    Wednesday, March 29, 2017
    o Community Development 6:00pm
    o Health and Human Services 7:00pm
    o Environmental Services 8:00pm
    Monday, April 3, 2017
    o Fire 6:00pm
    o Administration and Finance 7:00pm
    o City Clerk 8:00pm

    13

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