Summary of 2017 Tentative “Wish List” Saugerties Town Budget

BIGGEST SPENDING INCREASES

• Police spending up 5.2%
• Police Personal Services spending up 6.8%
• Health Insurance costs up 22.4%
• Retirement costs up 13.2%

HIGHLIGHTS (excluding special districts)

• Town Spending up 4.8% ($576,466)
• Town Property Taxes up 4.1% ($392,000)
• GENERAL FUND spending up 5.2%
• GENERAL FUND  property taxes up 6.7%
• Buildings/Recreation spending flat
• Transfer Station projected to break even
• Summer Recreation program projected to lose money

2017 Tentative Budget Summary

2017 Tentative Budget

Summary of Saugerties School Spending - 2006 to 2016

Spending - Increased by 39.8% over ten year period, 3.9% per year.
Property Taxes - Increased by 43.9% over ten year period, 4.39% per year.

Year	Spending	% increase	Prop. Taxes	% increase
2006-7	$43,659,191	xxx	$25,842,153	xxx
2007-8	$49,782,430	14.0%	$26,613,958	3.0%
2008-9	$52,135,740	4.7%	$27,129,415	1.9%
2009-10	$52,650,000	1.0%	$28,850,000	6.3%
2010-11	$52,685,973	0.1%	$32,476,720	12.6%
2011-12	$53,327,600	1.2%	$34,549,659	6.4%
2012-13	$54,676,980	2.5%	$35,194,753	1.9%
2013-14	$55,882,331	2.2%	$35,892,979	2.0%
2014-15	$57,432,984	2.8%	$36,509,983	1.7%
2015-16	$59,306,508	3.3%	$37,148,061	1.7%
2016-17	$61,015,000	2.9%	$37,190,000	0.1%

Town Parks/Buildings/Summer Recreation Analysis - 2005 to Present

Combined Parks, Buildings & Summer Recreation 

Expenses & Revenues

	Expenses	Revenues	Expenses % increase/ decrease	Revenues % increase/ decrease	Deficit (expenses minus revenues)	Deficit % increase/ decrease
2005	$982,698	$246,805	xxxxx	xxxxx	$735,893	xxxxx
2006	$1,202,924	$297,914	22.4%	20.7%	$905,010	23.0%
2007	$1,210,854	$299,040	0.7%	0.4%	$911,814	0.8%
2008	$1,319,628	$327,289	9.0%	9.4%	$992,339	8.8%
2009	$1,630,702	$403,349	23.6%	23.2%	$1,227,353	23.7%
2010	$2,116,059	$269,385	29.8%	-33.2%	$1,846,674	50.5%
2011	$1,732,581	$340,346	-18.1%	26.3%	$1,392,235	-24.6%
2012	$1,770,688	$360,550	2.2%	5.9%	$1,410,138	1.3%
2013	$1,840,398	$472,583	3.9%	31.1%	$1,367,815	-3.0%
2014	$1,901,986	$388,326	3.3%	-17.8%	$1,513,660	10.7%
2015	$2,024,330	$475,000	6.4%	22.3%	$1,549,330	2.4%
2016	$2,086,298	$445,000	3.1%	-6.3%	$1,641,298	5.9%

Summary

• Cumulative +112.3% spending  increase since 2005
• Average Annual Spending Increase + 10.2%
• Average Annual Rate of Inflation - 2005 to 2015 + 2.15%