Plumsted Township

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Plumsted Township
2013 Budget
Questions or Comments
Contact: Mayor David Leutwyler
609-758-2241
1
2013 BUDGET INTRODUCTION 3/14/13
• PUBLIC HEARING: 5/1/13
MUNICIPAL BUILDING, 121 EVERGREEN RD
8:00 P.M.
• BUDGET INFORMATION
POSTED ON TOWNSHIP WEBSITE
WWW.PLUMSTED.ORG
COPY AVAILABLE AT
MUNICIPAL BUILDING
LIBRARY
2
BUDGET OVERVIEW
• 2012 Budget $3,291,153
• 2013 Budget $3,258,181
2013 is $32,972 LESS than 2012
3
TOTAL SALARIES – 5 PAST YEARS
• 2009: $1,360,972
• 2010: $1,252,330
• 2011: $1,158,117
• 2012: $1,165,890
• 2013: $1,196,999
Differences:
2013 is $31,109 more than 2012
2.6%
entire increase in 2013 is contractual with police
2013 is $163,973 less than 2009
- 12.0%
4
TOTAL OPERATING EXPENSES
•
•
•
•
2010: $1,563,588
2011: $1,268,471
2012: $1,247,412
2013: $1,141,893
• Differences
• 2013 is $105,519 less than 2012
• 2013 is $421,695 less than 2010
- 8.4%
- 26.9%
5
2% TAX CAP LEVY LAW
• PROVIDES FOR:
TAXING AND SPENDING CAPS
 TAX CAP 2%
$31,793
 DEBT & CAPITAL INCREASE 71,982
REVALUATION
28,334
HEALTH INSURANCE
22,824
PENSION INCREASE
9,082
6
MAXIMUM TAX WITHIN 2% TAX CAP LAW
• $1,756,447
$159,381 TAX DOLLAR INCREASE
• $0.05 increase in the tax rate – due to ratable
loss. Needed just to raise same amount of
taxes as last year
7
•$0.02 increase in the tax rate covers the
$159,381 tax dollar increase
•Total 2013 tax rate $0.22
8
2% TAX CAP LEVY LAW
• 2013 BUDGET IS IN COMPLIANCE
• NO BALLOT QUESTION TO EXCEED CAP
• NOT SEEKING TO EXCEED TAXING CAP
SEEKING TRANSITIONAL STATE AID
9
Ratable Base Loss
2012
$372,067
2013
$275,900
$1,055,257,351 in 2012 vs.
$ 785,909,959 in 2013
a loss of $269,347,392 or 25.5%
10
Value of $0.01 of tax rate
2012
$105,525
2013
$ 78,590
Decrease $26,935
11
TAX DOLLAR CHANGE FOR AVERAGE HOME
(Township portion)
• 2012 BUDGET AT $0.15 = $561
• 2013 BUDGET AT $0.22 = $616
INCREASE OF $55 or 9.8%
12
COMPARISON WITH OCEAN COUNTY AVERAGE
•AVERAGE MUNICIPAL TAX PORTION
•AVERGAE PLUMSTED TAX PORTION
•DIFFERENCE
$1,764
616
$1,148 LESS
•PLUMSTED REMAINS LOWEST IN OCEAN COUNTY
13
COMPARISON WITH NEW JERSEY AVERAGE
•AVERAGE NJ PROPERTY TAX
•AVERGAE PLUMSTED PROPERTY TAX
•DIFFERENCE
$7,870
6,345
$1,525 LESS
14
2013 Estimated Total Tax Bill
% of Total
School
63.8%
County
17.6%
Township
9.7%
Fire
8.0%
Open Space
0.9%
Total
100%
Tax
$ 11,539,957
$ 3,184,692
$ 1,756,447
$ 1,441,545
$
157,181
$ 18,079,822
15
2013 vs. 2012 Estimated Change
2013
2012
School
$ 11,539,957 $11,142,884
County
3,184,692
3,193,951
Township
1,756,447
1,597,066
Fire
1,441,545
1,287,700
Open Space
157,181
211,053
Total
$ 18,079,822 $17,432,654
Change
397,073
-9,259
159,381
153,845
- 53,872
%
3.6
-0.3
9.9
12.0
-25.5
Total estimated increase 2013 vs. 2012 is
$647,168 or 3.7%
16
HISTORY OF TAX APPEALS
Year
Valuation Loss
Municipal
School
County
Fire
Total
2008
$ 2,523,600.00
$ 2,775.96
$ 24,226.56
$
6,939.90
$ 1,741.28
$ 35,683.70
2009
$ 4,332,700.00
$ 5,632.51
$ 42,330.48
$ 12,304.87
$ 4,072.74
$ 64,340.60
2010
$ 8,209,716.00
$ 10,672.63
$ 82,343.45
$ 24,875.44
$ 8,209.72
$ 126,101.24
2011
$ 16,069,200.00
$ 24,264.50
$ 161,656.15
$ 48,528.98
$ 17,033.35
$ 251,482.98
2012
$ 22,686,500.00
$ 38,793.91
$ 239,342.58
$ 68,966.96
$ 27,904.40
$ 375,007.85
TOTALS
$ 53,821,716.00
$ 82,139.51
$ 549,899.22
$ 161,616.15
$ 58,961.49
$ 852,616.37
The township was forced to borrow $145,000 in 2011 and
$282,000 in 2012 so that we were able to pay the School,
County and Fire districts.
17
Reassessment lowered tax base by
$269,347,392
Estimated 2013 Total Tax Rate is $2.30 per 100
Actual 2012 Total Tax Rate is $1.65 per 100
18
2013 vs. 2012 Average Home
Assessment
2013 275,900
2012 372,067
Change
Tax Rate
2.30
1.65
.65
Tax
$6,345
6,139
206
$206 is a 3.4% increase over 2012
$0.57 of the rate increase of $0.65 is due to
the ratable loss and $0.08 is the total
estimated tax increase
19
Plumsted Township
2013 Budget
Questions or Comments
Contact: Mayor David Leutwyler
609-758-2241
20
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