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www.town.avon.ct.us 1
Town of Avon
Board of FinancePublic Budget Hearing
Proposed FY 11/12 BudgetApril 4, 2011
www.town.avon.ct.us 2
Requested Budgets
Adopted FY 10/11
Requested
FY 11/12$ Inc/(Dec) % Inc/-Dec
Town
Operating$19,085,060 $19,614,213 $529,153 2.77%
Board of Education
$45,921,022 $47,945,180 $2,024,158 4.41%
Sewers $1,689,479 $1,709,207 $19,728 1.17%
Debt Service $5,010,181 $4,808,189 ($201,992) -4.03%
Capital Imp. $1,167,396 $1,566,857 399,461 34.22%
TOTAL: $72,873,138 $75,643,646 $2,770,508 3.80%
Mill Rate Needed 24.44 25.44 --- 4.09%
www.town.avon.ct.us 3
Board of Finance’s Role is to Balance:
Spending for
Services
Taxes to Pay for Them
and
www.town.avon.ct.us 4
Questions that may be on your mind….
I. What is the role of the Board of Finance?
II. How do CT Towns raise revenue?
III. How will Avon raise the revenue to support the requested budgets?
www.town.avon.ct.us 5
Connecticut Supreme Court
“Boards of finance are charged with the duty of providing the necessary funds and, at the same time, of seeing to
it that expenditures for an education program
are kept within reasonable bounds in view of the overall financial resources of the
town.”
Fowler vs. Enfield, 138 Conn. 521, 532 (1952)
www.town.avon.ct.us 6
Avon Town Charter
Section 9.4.1 (b)
The Board “shall make those revisions in the budget as the Board of Finance deems desirable and shall recommend the budget so revised to the voters at the Referendum.”
www.town.avon.ct.us 7
How Do CT Towns Raise Revenue?
State law is very restrictive:
No Taxes on Tobacco, Alcohol, Gasoline, or Hotel Rooms
...but…
No Sales Tax
No Income Tax
www.town.avon.ct.us 8
The Governor has proposed a wide array of
new or increased state taxes: income tax gasoline tax sales tax property tax on boat
and aircraft many others…
www.town.avon.ct.us 9
SO…What’s LEFT for Towns?
1) Non-Property Tax Sources (such as Licenses, Fees, Permits, Grants, etc.)
2) Property Taxes & Assessments
NOT MUCH:
www.town.avon.ct.us 10
How Avon Relies On These Sources
Current Budget Requested Budget
Non-Property Tax Sources: $8,798,353 $8,515,089
12.07%
of revenues
11.25%
of revenues
Property Taxes & Assessments: $64,074,785 $67,128,557
87.93%
of revenues
88.75%
of revenues
TOTAL: $72,873,138 $75,643,646
www.town.avon.ct.us 11
Revenues needed to fund theRequested Budgets
ALL FUNDS REVENUECLASSIFICATION
2010-2011BUDGETED
2011-2012REQUESTED
Property Tax & Assessments $64,074,785 $67,128,557
Intergovernmental 3,656,267 3,454,515
Licenses, Fees & Permits 940,480 864,480
Charges for Current Services 3,210,371 3,159,655
Other Local Revenues 489,088 452,466
Other Financing Sources 502,147 583,973
TOTAL REVENUE $72,873,138 $75,643,646
www.town.avon.ct.us 12
Property Tax Breakdown for Requested FY 11/12
(88.75% of Revenue) All these items below constitute the “Levy”
a) Single Family Homes: 66.42 %b) Condos: 12.72%c) Commercial: 10.75 %d) Motor Vehicles: 6.12%e) Personal Property: 2.89 %f) Industrial: 1.08 %g) Other: 0.02%
(Note that the “Single Family Homes” category pays about 58.94% of Avon’s Total Revenue.)[From October 1, 2010 Grand List]
www.town.avon.ct.us 13
Non-Property Tax Breakdown for Requested FY 11/12
(11.25% of Revenue)
a) Intergovernmental (State/Federal Grants): 4.60 %
b) Licenses, Fees, & Permits: 1.14%
c) Charges for Current Services: 4.18%
d) Other Local Revenue & Financing Sources: 1.37 %
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Revenue Graph Comparison
Budgeted FY 10/11
Requested FY 11/12
$0
$10
$20
$30
$40
$50
$60
$70
$80
In M
illio
ns
Non-Tax Revenue
Tax Revenue
12.07% 11.25%
87.93%
88.75%
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How will these Revenues be used?
$0
$10
$20
$30
$40
$50
$60
FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 Requested FY11/12
In M
illio
ns Town Operating Budget
School Operating Budget
Sewer Operating Budget
Debt Service
Capital Budget
www.town.avon.ct.us 16
How will these Revenues be used?
$0
$10,000,000
$20,000,000
$30,000,000
$40,000,000
$50,000,000
$60,000,000
$70,000,000
$80,000,000
FY 06/07 FY 07/08 FY 08/09 FY 09/10 FY 10/11 Requested FY11/12
Total Board of Education = BOE Operating, BOECIP, BOE Debt
Total Town of Avon = Town Operating, Town CIP,Town Debt
30.20% 29.66%
69.80%
70.34%
29.18%
70.82%
69.96%
30.04%
71.46% 71.43%
28.54% 28.57%
www.town.avon.ct.us 17
5 Year Grand List History
FY 07/08FY 08/09
FY 09/10FY 10/11
FY11/12
0.00
2.00
4.00
6.00
8.00
10.00
12.00
14.00
16.00
1.56%Growth
1.80%Growth
0.475% Growth 0.783% Growth Estimated
15.21%Growth
Re-Eval Year
www.town.avon.ct.us 18
Consumer Price Index 5 – Year History
Calendar Year CPI * % Change
2006 201.6 3.2%
2007 207.3 2.8%
2008 215.3 3.8%
2009
2010
214.5
218.1
-0.4%
1.6%
* Source: Bureau of Labor Statistics, CPI-U, US City Annual Average
www.town.avon.ct.us 19
Social Security (COLA) 5-Year History
Year COLA
2007 - 3.3%
2008 - 2.3%
2009 - 5.8%
2010
2011
-
-
0.0%
0.0%
www.town.avon.ct.us 20
Avon Unemployment Rate 5 – Year History
Year Annual Average
2006 2.9%
2007 3.0%
2008 3.6%
2009
2010
5.5%
6.0%
Feb. 2011
(most recent)
6.1%
* Source: Department of Labor, State of Connecticut
www.town.avon.ct.us 21
Multi-Town Comparative Data
Town
2009 Equalized
Mill Rate
2009 Adjusted
Tax Levy Per Capita
Avon 15.17 $3,473
Canton 16.13 $2,825
East Granby 17.28 $2,758
Farmington 13.47 $2,819
Glastonbury 19.83 $3,466
Granby 20.40 $2,720
Simsbury 20.71 $3,254
West Hartford 24.79 $2,987
* Source: Office of Policy and Management – Municipal Fiscal Indicators FY 2005 - 2009
www.town.avon.ct.us 22
Tax Impact Requested Expenditures
Assessed House & Vehicle Values in Avon (Single Family Homes & Condos)
Assessment Distribution
Assessed
House & Vehicle Values
Current
Property Tax
(24.44 mills)
Property Tax
If Budget is approved
(25.44 mills)
25% $205,510 $5,023 $5,229
50% $267,180 $6,530 $6,797
75% $374,660 $9,157 $9,532
For your specific real estate & motor vehicle taxes, please visit: www.avonassessor.com
www.town.avon.ct.us 23
Next Steps
Next Steps in Process
•Public Hearing – Monday, April 4th, 7:00 p.m. @ Avon Senior Center
•Workshops (at the Senior Center) Both the workshops listed below are not public hearings:
•Wednesday, April 6th – 7:00 p.m.•Monday, April 11th – 7:00 p.m. (if necessary)
•Town Meeting – Monday, May 2rd – 7:00 p.m. at the Avon Senior Center
•Referendum – Wednesday, May 11th at the Avon Senior Center
(Polls are open from 6:00 a.m. – 8:00 p.m.)