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Town of Lexington

Town of Lexington. FY2017 Recommended Budget & Financing Plan. Key Themes of FY17 Budget. Capital – Cautious Planning Clark and Diamond Renovation/Additions Hastings In Progress (MSBA funding) Regular Within-Levy Capital Reserves – Cautious Management

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Town of Lexington

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  1. Town of Lexington FY2017 Recommended Budget & Financing Plan TMMA Information Meeting

  2. Key Themes of FY17 Budget • Capital – Cautious Planning • Clark and Diamond Renovation/Additions • Hastings In Progress (MSBA funding) • Regular Within-Levy Capital • Reserves – Cautious Management • Add $5,112,000 To Capital Stabilization • Operating Budget – Cautious Limits • Modest Growth TMMA Information Meeting

  3. Budget Overview TMMA Information Meeting

  4. Revenue Summary TMMA Information Meeting

  5. Selectmen’s FY17 Budget Principles and Priorities • Five Year Plan for Future (Large) Capital Projects • Property Tax Mitigation for Future Debt Exclusion Projects • Recurring Revenues, not Reserves or One-time Revenues, to Support the Operating Budget • Use One-Time Revenues for One-Time Expenses • Budget Adequate Reserves & Contingency Funds • Sufficient Building Maintenance Budget • Maintain Core Services TMMA Information Meeting

  6. Budget Summary TMMA Information Meeting

  7. Other Municipal Budget Recommendations • Limited New Staff - $55,000 • Engineering Consulting Services - $60,000 • Prepare Compost Area for Solar - $60,000 • Master Planning Funding - $50,000 • Tax Foreclosure Funding - $10,000 • Article 16 – Net Zero Study - $40,000 TMMA Information Meeting

  8. Capital Budget – ATM and STM TMMA Information Meeting

  9. Recommendation to Increase Reserves • Article 18: Other Post Employment Benefits Trust (OPEB) - $1,512,318 • Article 21: Capital Stabilization Fund - $5,112,434 TMMA Information Meeting

  10. Reserve Summary TMMA Information Meeting

  11. FY17 Budget Summary • Cautious Planning of Future Capital Projects • Cautious Management of Reserves for Future Capital Projects • Cautious Limitations on Operating Budget Increases TMMA Information Meeting

  12. Town of Lexington Other Warrant Articles of Interest TMMA Information Meeting

  13. Article 10(a) Center Streetscape • Extensive Public Input since 2015 • Phase 1: $2,700,000 for Safety Improvements • Begins at Woburn Street Intersection • Ad hoc Committee to Recommend Aesthetic Features • Motion on Signalization at Woburn St. to be Considered by Town Meeting TMMA Information Meeting

  14. Article 10 (d) (f) and (i): Stormwater Management • Controlling the Quantity and Quality of Stormwater Run-off • Town spending over $1 million annually on StormwaterManagement • Federal Government NPDES Requirements • 2.3 FTE Engineering Staff TMMA Information Meeting

  15. Article 10(p) Parking Meter Replacement • New Center Parking Management Plan as of March 1 • New Center Employee Sticker Program (500) • New Smart Meters (119) in Core Area • New Meter Rates, Including Free Period • Remaining Funding for 402 Meters Requested TMMA Information Meeting

  16. Article 10(q) Transportation Mitigation • $30,000 for Transportation Mitigation Group • For Traffic/Pedestrian Safety Studies • Anticipated Projects: • Crosswalk at Bedford/Eldred Street (Engineering) • Trial School Zone Signage (Harrington or Fiske) TMMA Information Meeting

  17. Article 10 (r) Ladder Truck Replacement Requested Funds $875,000 TMMA

  18. Current Ladder Truck • 2000, Emergency One 100’ Heavy Duty Ariel Ladder, • Has Responded to 12,780 emergency calls, • 68,500 miles, and 75,543 hours on the chassis, • 18 years of age upon proposed replacement, • Repair costs over the last 5 years, $135,000. TMMA

  19. Vehicle Functions • 100’ reach for raised emergency access • Transports all heavy vehicle extrication equipment (Jaws of Life) • Holds air tanks for firefighterbreathing apparatus (SCBA) • Carries a large amount of hand and power tools • Carries large tarps to protect personal belongings from water damage • Carries cold water/ice rescue equipment, including an inflatable boat • Has a large generator and portable lights TMMA

  20. Article 15 (c) LHS Heating Upgrade • $500,000 – Design/Engineering • $12,864,000 – Estimated Construction • Anticipated to be Financed as Exempt Debt TMMA Information Meeting

  21. Article 27-Establish Qualifications for Tax Deferrals • Increase Income Eligibility Threshold to $70,000 from $65,000. • FY17 Interest Rate on Deferred Taxes is 0.66% • Help Offset Reduced Eligibility for State Circuit Breaker Program TMMA Information Meeting

  22. Town of Lexington THANK YOU _____________________________ Educational Excellence Protecting Public Safety, Public Health, Public Assets And Lexington’s Special Quality of Life TMMA Information Meeting

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