Only 3 pages the NEMAC budget looks like something put together with little effort. One assumes they base the revenue portion on information given by county staff, and that the expenditures are a mix of available data and best guesses.
Whatever the case please find the most important information at the bottom of the budget:
When you think about how many different ways government budgets can go this little number represents a pretty big argument for incorporation: without raising taxes (or so they say, I still haven't got that far in the budget analysis to agree or not) a new city can run itself and provide equal or better services to its residents than the county currently does. Well that at least raises the question whose answer may represent a pretty big argument for incorporation: does this budget provide equal or better services, and not raise any taxes? Hopefully members of the NEMAC can address this with me and I can publish a follow up to this post in the near future.
On to the budget!
|Property taxes at their current rate pull in $2,197,560|
|Property taxes as well as other revenue equate to $9,197,943|
We face this scenario even under the county, but this budget assumes a substantial increase in policing service in this incorporated area, substantially increasing costs.
Two more things to notice before I set this out into the wild:
Fist, look at the bold letters A, B, and C. The bottom of the page states "Revenues offset Expenses," accounting speak for these lines equal each other. A from revenue equals A from expenses, B from revenue equals the Bs from expenses, etc..
Finally, the penultimate line-item called "Contingency Reserve" for $500,000. Other than police, this may be the most important line. The explanation appears as follows:
|Recall from the terms of the Mayor's Memorandum that they expect it to cost $574,000 the first year, going up for seven years. This non-existent city needs to cut $74,000 from other line items ASAP!|