Politics & Government
Town Budget by the Numbers, Public Budget Hearing Notice
Find the important numbers for the coming financial year's budget for the Town of Suffield and information on the public hearing for the budget.
From Director of Finance Deborah Cerrato
On Wednesday, April 25, at 7 p.m. there will be a Public Hearing held at for the purpose of discussing the budget proposal for the fiscal year beginning July 1, 2012.
A summary of the budget proposed by the Suffield Board of Finance for the 2012-13 fiscal year is printed below. Following the summary are revenues and expenditures summarized by major group. Additional detail is available in the Town Clerk’s office at Town Hall.
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SUMMARY OF EXPENDITURES:
General Government – $13,553,162
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Capital Expenditures – $3,205,406
Contingency – $200,000
Debt Service – $2,184,530
Board of Education – $31,263,943
Transfer to OPEB – $900,000
Water Pollution Control Authority – $2,755,054
Total Expenditures – $54,062,095
Less: Estimated Revenues
General Fund, other than taxes – $17,035,306
Water Pollution Control Authority – $2,755,054
To be raised from taxes – $34,271,735
Based on an estimated grand list of $1,407,054,334 and assuming a 98.4 percent collection rate on a net collectible grand list of $1,379,443,826, a mill rate of 24.84 will produce the necessary revenue.
PROPOSED REVENUE BUDGET
2010-11 Actual
2011-12 Budget
2012-13 Proposed
Property Taxes
32,099,202
33,665,698
34,886,735
Licenses, Permits & Fines
275,483
290,210
280,210
Investment Income
97,546
100,000
30,000
Fund Balance
250,000
450,000
Other Agencies
26,686
26,700
24,000
State & Federal Grants
6,262,806
6,727,406
6,204,345
Education Related Revenues
6,535,234
7,612,867
7,672,896
Current Services
1,333,118
660,026
492,425
Miscellaneous
712,365
275,000
350,000
Budget Transfers in
399,000
612,230
916,430
Total General Fund Revenues
47,741,440
50,220,137
51,307,041
PROPOSED EXPENDITURE BUDGET
2010-11 Actual
2011-12 Budget
2012-13 Proposed
General Government
12,731,022
13,253,210
13,553,162
Transfer to Capital Expenditures
3,700,161
2,856,946
3,205,406
Debt Service
2,363,255
2,248,430
2,184,530
Contingency
200,000
200,000
Board of Education
29,536,866
30,761,551
31,263,943
Transfer to OPEB
700,000
900,000
900,000
Transfer to Sch Bldg Proj Fund
1,385,677
Total General Fund Expenditures
50,416,981
50,220,137
51,307,041
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