Town of Freeport Proposed Operating Budget FY 2017

Goal Develop a budget proposal that minimizes the impact on the taxpayers and maintains a stable Municipal Tax Rate, while continuing to provide the highest quality of services possible within the resources available.

Budget Expenditures Impact $109, 084 Increase n Insurances – Rate Increases $62, 700 n MSRS; MMEHT; Dental n Salaries – 1. 93% $69, 000 n Transit n n $(7, 000) Contracted Services (One Year Impact-Prior Year) General Administration $(4, 800) n Reduced WAN Charges based on actual expenses

Budget Revenues Impact $8, 600 Increase n Excise Tax Increase $100, 000 n Use of Fund Balance Decrease $(125, 000) n n Propose reducing Fund Balance Usage from $675, 000 to $550, 000 BETE Reimb. Increase 50, 000 $

Municipal Tax Rate Impact $100, 484 or 1. 99% FY 2016 FY 2017 Proposed 3. 92 3. 99

Proposed Tax Changes FY 2017

FREEPORT TOWN COUNCIL FY 2017 OPERATING BUDGET SCHEDULE April 28 overviews of all interested May 3 May 11 & 12 Copies of Proposed Municipal Budget with programs will be available at the Town Hall for citizens. Regular Council Meeting–Budget Presentation Public Sessions (Members of the public will be given two sessions to meet with Municipal Administrators to gather information on budget). May 11 – Municipal Budget 5: 00 p. m. 6: 00 p. m. May 12 – Municipal Budget 7: 30 a. m. – 8: 30 a. m.

FREEPORT TOWN COUNCIL FY 2017 OPERATING BUDGET SCHEDULE May 17 Operating June 7 Council Workshop Regular Council Meeting–Budget Workshop on Budget Public Hearing Regular Council Meeting–Public Hearing on Budget Target Date for Budget Adoption Regular Council Meeting