Plumsted Township

2013 BudgetQuestions or Comments

Contact: Mayor David Leutwyler609-758-2241

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2013 BUDGET INTRODUCTION 3/14/13• PUBLIC HEARING: 5/1/13

MUNICIPAL BUILDING, 121 EVERGREEN RD

8:00 P.M.• BUDGET INFORMATION

POSTED ON TOWNSHIP WEBSITEWWW.PLUMSTED.ORG

COPY AVAILABLE ATMUNICIPAL BUILDINGLIBRARY

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BUDGET OVERVIEW

• 2012 Budget $3,291,153• 2013 Budget $3,258,181

2013 is $32,972 LESS than 2012

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TOTAL SALARIES – 5 PAST YEARS

• 2009: $1,360,972• 2010: $1,252,330• 2011: $1,158,117• 2012: $1,165,890• 2013: $1,196,999Differences:2013 is $31,109 more than 2012 2.6%

entire increase in 2013 is contractual with police

2013 is $163,973 less than 2009 - 12.0%4

TOTAL OPERATING EXPENSES

• 2010: $1,563,588• 2011: $1,268,471• 2012: $1,247,412• 2013: $1,141,893

• Differences• 2013 is $105,519 less than 2012 - 8.4%• 2013 is $421,695 less than 2010 - 26.9%

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2% TAX CAP LEVY LAW

• PROVIDES FOR:TAXING AND SPENDING CAPS

TAX CAP 2% $31,793 DEBT & CAPITAL INCREASE 71,982REVALUATION 28,334HEALTH INSURANCE 22,824PENSION INCREASE 9,082

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MAXIMUM TAX WITHIN 2% TAX CAP LAW

• $1,756,447$159,381 TAX DOLLAR INCREASE

• $0.05 increase in the tax rate – due to ratable loss. Needed just to raise same amount of taxes as last year

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•$0.02 increase in the tax rate covers the $159,381 tax dollar increase

•Total 2013 tax rate $0.22

2% TAX CAP LEVY LAW

• 2013 BUDGET IS IN COMPLIANCE• NO BALLOT QUESTION TO EXCEED CAP

• NOT SEEKING TO EXCEED TAXING CAP

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SEEKING TRANSITIONAL STATE AID

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Ratable Base Loss

2012 2013

$1,055,257,351 in 2012 vs. $ 785,909,959 in 2013 a loss of $269,347,392 or 25.5%

$372,067 $275,900

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Value of $0.01 of tax rate

2012 $105,5252013 $ 78,590Decrease $26,935

TAX DOLLAR CHANGE FOR AVERAGE HOME (Township portion)

• 2012 BUDGET AT $0.15 = $561• 2013 BUDGET AT $0.22 = $616INCREASE OF $55 or 9.8%

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COMPARISON WITH OCEAN COUNTY AVERAGE

•AVERAGE MUNICIPAL TAX PORTION $1,764 •AVERGAE PLUMSTED TAX PORTION 616 •DIFFERENCE $1,148 LESS

•PLUMSTED REMAINS LOWEST IN OCEAN COUNTY

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COMPARISON WITH NEW JERSEY AVERAGE

•AVERAGE NJ PROPERTY TAX $7,870 •AVERGAE PLUMSTED PROPERTY TAX 6,345 •DIFFERENCE $1,525 LESS

2013 Estimated Total Tax Bill % of Total Tax School 63.8% $ 11,539,957 County 17.6% $ 3,184,692 Township 9.7% $ 1,756,447 Fire 8.0% $ 1,441,545 Open Space 0.9% $ 157,181 Total 100% $ 18,079,822

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2013 vs. 2012 Estimated Change 2013 2012 Change % School $ 11,539,957 $11,142,884 397,073 3.6County 3,184,692 3,193,951 -9,259 -0.3Township 1,756,447 1,597,066 159,381 9.9Fire 1,441,545 1,287,700 153,845 12.0Open Space 157,181 211,053 - 53,872 -25.5

Total $ 18,079,822 $17,432,654

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Total estimated increase 2013 vs. 2012 is $647,168 or 3.7%

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HISTORY OF TAX APPEALS

Year Valuation Loss Municipal School County Fire Total

2008 $ 2,523,600.00 $ 2,775.96 $ 24,226.56 $ 6,939.90 $ 1,741.28 $ 35,683.70

2009 $ 4,332,700.00 $ 5,632.51 $ 42,330.48 $ 12,304.87 $ 4,072.74 $ 64,340.60

2010 $ 8,209,716.00 $ 10,672.63 $ 82,343.45 $ 24,875.44 $ 8,209.72 $ 126,101.24

2011 $ 16,069,200.00 $ 24,264.50 $ 161,656.15 $ 48,528.98 $ 17,033.35 $ 251,482.98

2012 $ 22,686,500.00 $ 38,793.91 $ 239,342.58 $ 68,966.96 $ 27,904.40 $ 375,007.85

TOTALS $ 53,821,716.00 $ 82,139.51 $ 549,899.22 $ 161,616.15 $ 58,961.49 $ 852,616.37

The township was forced to borrow $145,000 in 2011 and $282,000 in 2012 so that we were able to pay the School,

County and Fire districts.

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Reassessment lowered tax base by $269,347,392

Estimated 2013 Total Tax Rate is $2.30 per 100

Actual 2012 Total Tax Rate is $1.65 per 100

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2013 vs. 2012 Average Home

Assessment Tax Rate Tax2013 275,900 2.30 $6,3452012 372,067 1.65 6,139Change .65 206

$206 is a 3.4% increase over 2012

$0.57 of the rate increase of $0.65 is due to the ratable loss and $0.08 is the total estimated tax increase

Plumsted Township

2013 BudgetQuestions or Comments

Contact: Mayor David Leutwyler609-758-2241

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