Thursday, May 22, 2008

CAPITAL BUDGET RELEASED

have submitted to the Town Board the proposed Capital Budget for 2008 in the amount of $4,018,468 which excludes the last portion of the new Library construction project and the anticipated capital plans for years 2009 and 2010. In recent weeks members of the Town Board and I have spent some time meeting with all departments heads who requested funds from the capital budget The recommended capital budget is approximately 36% below the 2007 Adopted Capital Budget amount of $6,307,395 and approximately 51 % of the amounts requested by the various activities for 2008. As you know, the Town is facing a challenging fiscal environment related to many factors, some local and some national and international in nature. The 2008 Recommended Capital Budget is also less than the 2006 Adopted Capital Budget of$5,105,000 by approximately 21 %.

In addition to the format that has been used in prior years, this year's presentation includes a new section beginning on Page 17 created by the Town's Comptroller, Michael Kolesar, that aims to present this data in a clearer and more meaningful manner as well as present a forecast of the impact of this Recommended Capital Budget on the 2009 Debt Service Costs for both the Town Entire and Town Outside Villages funds. This projection indicates that debt service costs for the Town Entire will increase approximately $143,000 and contribute to an increase in the Town Entire 2009 tax rate of .24%. Debt service costs for the Town Outside Villages are anticipated to increase by approximately $350,000 and would contribute to an increase in the Town Outside Villages 2009 tax rate of 1.11 %. If the last portion of the Library project that must be funded this year were excluded, the debt service costs for the Town Outside Villages would project a decrease of approximately $ 207,000.

The entire capital budget in its entirety will be posted on the town’s web site (www.greenburghny.com---under forms). One can also obtain a copy by e mailing me at pfeiner@greenburghny.com.

8 comments:

Anonymous said...

Was the monies owed the town by the housing authority deducted or added onto this budget.

I do hope that the chief of police did not add the monies for the service of a policeperson to his budget.
You know and we know that they have no intention of paying the money to the town.

Boy can they lie and who ever expected a reverend to lie the way he did.
Since when does any municipality wave monies due theM????

Has the police overtime been checked or will we be paying for better retirement pensions.

Many of the questions concerning how money was spent in the past have not been answered.

Anonymous said...

Thankfully, the town is being conservative with our tax dollars.

Anonymous said...

Really, what happened to Paul's promise not to fill empty positions. I guess that didnt apply to a political ally like Denglar. And this is BS that the money for her salary comes from building permit fee increase. That money could be spent on anything. Her position is unnecessary. Paul cares nothing about the tax increase.

Anonymous said...

You're doing the right things.

Anonymous said...

We need to make cuts in the Police Dept.
put more cops in Edgemont and take them out of the ambulances and hospitals

Anonymous said...

Thank you for posting the budget on your web site.

hal samis said...

from the
"A spoonful of sugar helps the medicine go down" Department

There are items appearing in the "recommended" Capital Budget which have already been voted for individually spent -- even before the Public Hearing.

Even if some of these items can only be ordered within a time window, there should have been DISCUSSION whether THIS YEAR the POSSIBILITY of repair versus the CERTAINTY of purchase should have resulted in changing the "business as usual" model.

As John Belushi would have said had he remained alive and moved to Greenburgh "for its services",

"But noooooh!"

Anonymous said...

Capital budget has been released but at the work session I heard nothing about the money owed by the housing authority for their private police protection .