1997-10-20-AC-REPORT.pdf - Laserfiche WebLink

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APPROPRIATION COMMITTEE APPROPRIATION/REVENUE HISTORY&FIVE-YEAR PROJECTIONS GENERAL FUND ONLY Fiscal Years 1996 through 2003 Exhibit D (Continued) ASSUMPTIONS UNDERLYING FIVE-YEAR PROJECTIONS General Note: Except as noted,these five-year projections reflect the Towh Manager's assumptions.. Revenues Tax Levy Allowable 2 1t2%annual increase in general levy plus$350,000 in new construction each year State Aid $200,000 annual increase in general aid;SBAB reimbursement of$702,497 ends in FY 2002 Local Receipts Projected at FY 1998 levels Available Funds Transfers and"Free Cash"appropriations projected at FY 1998 levels Town Operations Expenditures Personal Services 2%annual increase reflecting FY 94 to 98 historical trend (Appropriation Committee's assumption) Benefits 5%annual increase Expenses 3%annual increase Public Schools Expenditures Personal Services 5%annual increase reflecting FY 94 to 98 historical trend,adjusted for slower enrollment growth (Appropriation Committee's assumption) Benefits 5%annual increase Expenses 3% plus$200,000 annual increase Regional Vocational School Assessment 3%annual increase Non-Program Expenditures Charges&Offsets $2 million per year with no annual increase Overlay $500,000 in FY 1999 and 2002,anticipating impact of revaluations;$360,000 in other years Debt Service Existing Existing debt,including Pine Meadows excluded debt,from debt repayment schedules Authorized/Unissued Estimated by John Ryan,Town Comptroller (See Exhibit A for detail of$9.1 million to be Issued.) Articles&Cash Capital Articles&Cash Capital Projected at$750,000,slightly higher than FY 1998 level APP97 XLS.Base Projections E D )113197