Budget OverviewBelmont Town Meeting

May 11, 2011

Projections in November 2010 ($000)

FY2011 FY2012 (f) % change

Key drivers

Total Revenue $ 83,981 $ 85,547 1.9% No new growthState aid down 15%Free cash drawdown of $2 million

Non discretionaryexpenses

$ 14,853 $ 14,913 .4% Debt service down 10%Pensions up 12%MM up 13.1%

Revenue available for operating budget Change of

$ 69,128 $ 70,634 $1,506 or 2.1%

Which meant……

School budget $40,565Town budget $30,069

Revenue How much? Why?

Overlay surplus - $225,000 Tax payment plans

State aid $1,002,800 Relative need

Circuit breaker $400,000 Offset ARRA grant loss

Ambulance fees $150,000 BFD initiative

Cost savings

Health care $ 271,400 Good plan experienceRetiree plan redesign

BMLD rate $122,800 Management initiative

Trash contract $170,000 DPW initiative

Non- discretionary costs

$900 MM up, State cost down

What changed?

Additional funds available for programs

After discussion, BOS and SC agreed upon, voted, and WC recommends…

Proposed FY 2012 Budget

FY2012 % change

Total Budget 86,608,719$ 3.1%

Operating Budget 71,649,715$ 3.7% School 41,575,783$ 4.7%

Town (total) 30,073,932$ 2.2% Public Safety 11,559,611$ 2.3% Public Works 8,289,754$ -3.3%

Non Discretionary 14,959,004$ 0.7%

Translated into programs……

For the Schools

New money allows:

Restoration of all classroom experiences (Music, Art, AP classes, foreign language, etc.)

High school librarian

Full time nurses

Guidance counselors

……and more

For the Town

New money provides:• Library hours• Trees• Two more roads• Sidewalk repair• DPW vehicle repair

……..and more.

FY2013

FY 2013 Challenges

Town wide: Post employment medical benefits

Town departments: Pension and disability

School Department: Compensation

Department Size

$-

$5,000,000

$10,000,000

$15,000,000

$20,000,000

$25,000,000

$30,000,000

$35,000,000

$40,000,000

$45,000,000

School Public safety Public works General gov't Library All other

Proposed FY2012 Operating Budgets

Solutions: Work in Progress

• Police and Fire: disability study underway

• School Committee: finance and planning committee

• Education of Senate re health plan design

• Health plan redesign independent of State

• Collective bargaining discussions

• New approach to development

…and more

Proposed FY 2012 Budget

FY2012 % change

Total Budget 86,608,719$ 3.1%

Operating Budget 71,649,715$ 3.7% School 41,575,783$ 4.7%

Town (total) 30,073,932$ 2.2% Public Safety 11,559,611$ 2.3% Public Works 8,289,754$ -3.3%

Non Discretionary 14,959,004$ 0.7%

FY2012 Proposed Budgets by Department

Department Budget %ch

Public health 406$ -4.2%Public service 8,290$ -3.3%COA 355$ 0.3%Public safety 11,600$ 2.3%Rec 677$ 4.6%Education 41,575$ 4.7%Library* 1,878$ 4.7%General Gov't* 3,791$ 6.4%