Budget Season Begins – 2/26/2013

Posted by Bob on February 26, 2013 under Daily Blogs | Read the First Comment

The Naugatuck Board of Finance held its first round of budget hearings last evening (2/25/2012) for the 2013-2014 fiscal year.  Public safety departments were discussed by Finance Board members after initial presentations were made by department heads.  The following department budgets can be viewed below in Microsoft Excel format.  The columns highlighted (yellow) on the far right (Column I) represents cuts made by the Board of Finance after the presentation.  The initial, departmental request is listed in the preceding column to the left (Column H).

Supporting documentation can be viewed by clicking the various sheet pages at the bottom of the spreadsheet.

For those without access to Microsoft Excel or applicable conversion software, the summary page of each budget can be viewed below in .pdf format.

All budgets at this point in the process are preliminary and subject to change as the process continues.  It is very likely that additional cuts will be made before a proposed budget is presented at public hearing, currently scheduled for Monday, May 13, 2013.  The current budget calendar, which is always subject to change, can be viewed here.  All budget hearings are open to the public, and comment is encouraged at the public hearing.

It is the responsibility of supervisors to provide the Board of Finance with an accurate reflection of what they believe is needed to operate their respective department.  Unfortunately revenue is limited each budget year to meet such needs.  What often results at this stage of the process is requests for increases in funding well above the previous year’s expenditures for many departments.  While the media may occasionally reference such a significance increase in a particular department, budget presentations and initial recommendations are in their early stages.  All recommendations after initial presentation are still subject to additional scrutiny in the form of a final review by the Board of Finance, an initial approval of the Joint Boards of Finance and Mayor and Burgesses (“Joint Boards”), and the presentation of a proposed budget at public hearing before final adoption by the Joint Boards.  Some numbers in various line items at this stage of the process are nothing more than place holders until more information is obtained.  

Another significant factor that will influence the adopted budget is revenue.  The Borough is in the final stages of finalizing its grand list (the amount of taxable property in a municipality), which will include the implementation of a revaluation of real property.  Given the significant drop of property values nationwide since the last revaluation in 2007, the grand list will undoubtedly be reduced, requiring an increase in the mill rate (the mill rate represents $1.00 of taxes for every $1,000.00 of taxable property).  

State revenue to municipalities is also very much in flux as several proposals which effect local funding are being debated by the Governor and the Connecticut General Assembly.  In recent years, Naugatuck has attempted to gain a clearer picture of state revenues before final adoption of its local budget.     

 

  • Borough begins budget deliberations | Citizen's News said,

    [...] The board reduced the police department’s request by $144,686, including over $132,000 from the department’s requested payroll budget, according to information Mayor Robert Mezzo posted on his blog. [...]

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