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Download the 4-Year Projections spreasheet (prepared by Town Comptroller)
Budget Implications of NYS Tax Cap Legislation – Town of Ossining
Four Year Projected Financial Impacts, 2012 to 2014
(Projected Years prepared by Town Comptroller, August 2011)
Earlier this year, New York State passed a law stating that municipalities and school districts in New York State cannot have a tax levy increase of greater that 2% from the previous year. The law includes some exemptions, including municipalities who consolidate by taking over a service that was formerly the responsibility of another government.
Municipalities have certain ongoing financial obligations such as contributions to the NYS Retirement System, health care costs (to the Empire Plan in the case of the Town of Ossining), and energy costs, the cost of which is outside of the control of the municipality.
In order to do good long term financial planning as we begin the 2012 budget process, the Town did an analysis of how much of an increase we anticipate the fixed costs will be for our budget for the next years, in order determine how much money must be cut out of other area of the budgets. Some assumptions about infationalry and personnel costs are included and are in the notations on the side of the charts.
The charts are divided into Town General fund, (which is paid for by all of the Town of Ossining, including the Villages of Ossining and Briarcliff,) and the Unincorporated Area funds, which are paid only by those in the unincorporated area.
This is a planning tool for information purposes only to help the Town to develop responsible budgets and spending cut decisions.
For more information, contact Catherine Borgia at 762-6001 or cborgia@townofossining.com.
Download the 4-Year Projections spreasheet (prepared by Town Comptroller)
Town of Ossining Fund Balance Policy
The Town of Ossining (the “Town”) has an important responsibility to its citizens to carefully account for public funds, to manage municipal finances wisely and to plan the adequate funding of services desired by the public, including the provision and maintenance of public facilities.
An important indicator of the financial stability of the Town is its un-reserved fund balance that represents the un-assigned and unencumbered balance of the Town’s revenues held in the Town’s numerous funds.
Download the Fund Balance Policy for full details...
View the 2012 Budget for Details and Information
Financial Statements and Supplementary Information with Independent Auditors' Report - Year Ended December 31, 2010
Comptroller's Report on Finances for the Year Ended December 31, 2010
Town of Ossining Fund Balance Policy (Passed by Town Board June 2, 2010)
Report on Town Finances for the First Quarter Ended March 31, 2010
Justice Court - Finance Audit 2009
Download from the Archives...
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