TOWN OF SWEDEN 2018 PRELIMINARY BUDGET SWEDEN TOWN

TOWN OF SWEDEN 2018 PRELIMINARY BUDGET

SWEDEN TOWN SERVICES Justice Court System Senior Services Dog Control Seymour Library Building Code Enforcement Town Park System Planning and Development Newsletter Recreation Programs Snow Removal Town Road Maintenance Sidewalk Maintenance Stormwater Management Spring Pick Up Fall Pick Up Public Cemeteries Clerk Services Sanitary Sewer System

2018 Preliminary Budget change from 2017 Transportation $1, 525, 500 +$52, 800 General Government $1, 225, 360 -$42, 196 Culture & Recreation $ 758, 500 +$48, 315 Employee Benefits $ 824, 000 +$30, 150 Home & Community $ 193, 750 +$ 9, 500 Debt Service $ 60, 200 -$ 39, 163 Public Safety $ 117, 950 -$ 300 Health $ 2, 500 Economic Assistance $ 0 -$51, 879 Special Districts $ 232, 728 +$ 18, 832 TOTAL $4, 940, 488 +$26, 059 $ 0

2018 BUDGET SUMMARY Appropriations Less Levy and Provisions Estimated Unexpended Amount to be for Other Uses Revenues Balances Raised by Tax General Townwide $2, 531, 610 $814, 641 $200, 000 $1, 516, 969 General – Outside Village $ 541, 350 $511, 500 $199, 800 $ 0 Highway – Townwide $ 0 $ 0 Highway- Outside Village $1, 634, 800 $614, 600 $ 82, 000 $938, 200 Total $4, 707, 760 $1, 940, 791 $481, 800 $2, 455, 169 ASSESSED TO GENERAL TOWN $1, 516, 969 levy / $629, 600, 716 taxable assessment = $2. 40941 tax rate in village ASSESSED TO TOWN OUTSIDE VILLAGE $938, 200 levy / $404, 475, 993 taxable assessment = $2. 31954 highway levy $4. 72895 tax rate town outside

SWEDEN TAX RATE HISTORY 2007 2008 2009 2010 2011 2012 2013 In Village $2. 33 $2. 40 $2. 29 $2. 32 $2. 30 $2. 28 Outside $4. 43 $4. 45 $4. 47 $4. 46 $4. 47 2014 2015 In Village $2. 39 $2. 46 Outside $4. 65 $4. 75 2016 2017 2018 $2. 44 $2. 43 $2. 41 $4. 70 $4. 73

SWEDEN TOWN TAXES FOR A $125, 000 HOUSE In the Village Outside the Village 2010 $286. 25 $556. 25 2011 $290. 63 $559. 25 2012 $287. 50 $557. 50 2013 $285. 25 $558. 63 2014 $298. 38 $581. 38 2015 $307. 08 $593. 94 2016 $304. 99 $587. 92 2017 $303. 33 $588. 37 2018 $301. 17 $591. 12

TAXABLE ASSESSED VALUATION SUMMARY 2015 2016 2017 2018 Village $221, 980, 636 $223, 047, 858 $224, 082, 550 $225, 124, 723 Town Outside $388, 521, 023 $394, 981, 539 $400, 024, 568 $404, 475, 993 Total Town $610, 501, 659 $618, 029, 397 $624, 107, 118 $629, 600, 716 TRUE PROPERTY VALUE FOR 2018 $1, 190, 978, 720 47. 1% of total value of property in Sweden is tax exempt.

Code 12100 13500 13650/13740 13730 13800 13870 13890 14110 18020 21100/25110/26300 21600 25120 25130 25300 25400 25500 26250 27350 28110 28120 41001/41123 41133 41143 41151/41171 41300 41400 41720 41730 41800/41801 41930 47200 47610/47611 Total Description NYS Owned County Owned Town Owned Village Park School Special District Public Authority USA Spec Comida Religious Parsonages Non-Public Education Charity Comm Ser/Soc Org Fraternal Non-Profit Med/Den/Hosp Historical Society Cemetery Handicap House LTD Profit Veterans Combat Veterans Disabled Veterans Cold War Veterans Paraplegic Veterans Clergy Agricultural Building Agricultural District Agricultural Individual Aged Disabled low income Railroad Business Exemption Number of Parcels 15 16 19 33 1 6 4 3 1 3 25 3 1 1 4 1 8 1 6 2 2 231 134 47 27 2 6 4 72 71 159 9 3 5 925 Exemption Amount $397, 191, 400 $2, 869, 300 $6, 546, 900 $2, 719, 600 $500 $79, 439, 200 $3, 095, 900 $411, 000 $725, 100 $10, 280, 400 $14, 955, 090 $451, 700 $200, 700 $2, 548, 300 $284, 400 $69, 700 $1, 751, 700 $330, 000 $397, 400 $4, 146, 900 $2, 953, 200 $4, 806, 083 $3, 227, 325 $1, 321, 524 $217, 500 $386, 200 $9, 000 221, 200 $5, 872, 569 $2, 717, 016 $6, 577, 841 $417, 490 $2, 262, 391 $1, 973, 475 $561, 378, 004

Special Districts Tax Rate Summary for 2018 Special District Levy Rate per thousand Lighting No. 1 $18, 945 $. 00050128 Lighting No. 2 $ 2, 150 $. 00034964 Lighting No. 3 $17, 895 $. 00114677 Lighting No. 4 $ 9, 750 $. 00056385 Lighting No. 5 $ 2, 500 $. 00073881 Lighting No. 6 $ 2, 000 $. 00037759 Lighting No. 8 $ 600 $. 00004581 Lighting No. 9 $ 2, 100 $. 00133622 Lighting No. 10 $ 2, 550 $. 00024838

Special Districts Tax Rate Summary for 2018 continued District Levy Rate per Thousand Talamora Park $ 1, 685 $. 00009744 Consolidated Sewer $19, 032 $. 00010062 Gallup Road Water $26, 130 $390/unit Colby Street Water $12, 517 $313/unit Clarkson East Ave. Water $ 4, 365 $364/unit Shumway Water $12, 195 $271/unit Swamp/Salmon Water Fourth Section Sewer $14, 554 $374/unit Walmart Sidewalk $ 1, 000 $. 00008777 Heritage Sewer $ 5, 000 $. 00048703 $ 8, 030 $268/unit

Special Districts Tax Rate Summary for 2018 continued District Levy Clrdon. Cty Ln. Water Drainage District 1 Rate per Thousand $3, 900 $6, 300 $780/unit $. 00015591

2018 Schedule of salaries of elected town officials Town Supervisor $25, 918 Councilperson (4) $ 7, 559 Town Justice (2) $20, 795 Highway Superintendent $79, 017 Town Clerk $48, 162 Receiver of Taxes $22, 189

2018 Statement of Bonded Indebtedness General Fund Debt $150, 000 Gallup Water District $290, 000 Colby Water District $146, 000 Shumway Water District $129, 000 East Avenue Water District $ 23, 058 Swamp Salmon Water District $106, 000 Fourth Section Sewer District $210, 000

New York State Property Tax Cap • Beginning with the 2012 budget, the Town must prepare a budget that meets the tax cap or • Adopt a local law overriding the tax cap For 2018 Town Budgets the New York State tax cap is 1. 84%.

New York State Property Tax Cap Formula Prior Tax PILOTS Allowable PILOTS Carry Fiscal Base receivable levy growth receivable Over Year Growth in the prior factor in coming Prior Tax levy Factor fiscal year (1. 84%) fiscal year Year Tax Net of Transfer of Tax Levy Limit, Levy Government Function Adjusted for Limit as determined by OSC Transfer of Function

Tax Levy Limit, Tax levy necessary for Levy necessary to pay Tax Levy Limit Adjusted for expenditures from court for increases to the Adjusted for Transfer orders arising from tort average actuarial Transfer, Plus Of Function actions for any amount contribution rate of Exclusions in excess of 5% of the pension funds over total taxes levied in the 2 percentage points prior fiscal year

Town of Sweden 2018 tax levy cap calculations [($2, 597, 486 x 1. 0062) + $14, 540] x 1. 0184 - $18, 788 + $0= $2, 657, 700 - $0 = $2, 657, 700 + $0 + $0 = $2, 657, 700 (allowable levy) - $2, 628, 367 (proposed levy) = $29, 333

Town of Sweden levy is $ 29, 333 UNDER the limit

In conclusion, the 2018 budget: • Increases spending by $26, 059 • Increases the levy by $30, 881 • Reduces village tax rate by ≈2 cents per thousand • Increases town tax rate by ≈ 4 cents per thousand • Is under the tax cap by $29, 333