Town Budget - FY2004

Budget in Brief

The Town of Windsor's FY04 proposed budget reflects the impact of a slowing economy, reduction in state aid and an increase in the town's debt service obligations. Windsor is fortunate to experience growth in its grand list, and proposing a fiscally responsible budget means carefully analyzing how the town can reduce or shift expenditures, optimize efficiency gains and increase revenues in a responsible manner.

 

Despite the objective to minimize service impacts to Windsor residents, our financial realities demand certain changes in how services are provided. This Budget in Brief provides an overview of impacts to programs and services by each town department, which document changes between FY03 and FY04. The FY04 proposed budget of $77,323,970 is an increase of 4.27% over the FY03 adopted budget and would result in a tax increase of 2.98% (.97 mills).

 

Key Changes in Revenues and Expenditures

  • State Aid reduced $472,000
  • Building Permit Revenues decrease $100,000
  • Interest earnings decrease $430,000
  • Debt Service increases $565,500
  • MDC Sewer charges increase $254,000
  • Liability Insurance & Worker's Compensation increases $225,000
  • Town operating budget decreases $261,920
  • 6 positions remain vacant and un-funded
  • Reduce part-time staffing hours equivalent to 6.00 FTEs
  • Employee wage concessions total $150,000.