Town of Williamstown

Five Year Financial Plan

Estimated
Fiscal Year Fiscal Year % Fiscal Year % Fiscal Year % Fiscal Year % Fiscal Year %
2010 2011 Chg. 2012 Chg. 2013 Chg. 2014 Chg. 2015 Chg.
Property Tax Revenue
Property Tax (Base) 12,444,559 12,884,497 3.5% 13,360,583 3.7% 13,882,598 3.9% 14,329,663 3.2% 14,787,905 3.2%
Prop 2 1/2 Increase 311,114 322,112 3.5% 334,015 3.7% 347,065 3.9% 358,242 3.2% 369,698 3.2%
Growth 123,268 153,974 24.9% 188,000 22.1% 100,000 -46.8% 100,000 0.0% 100,000 0.0%
R Prop 2 1/2 Levy Limit 12,878,941 13,360,583 3.7% 13,882,598 3.9% 14,329,663 3.2% 14,787,905 3.2% 15,257,603 3.2%
E Snow & Ice Deficit (202,291) (59,056) -70.8% (130,000) 120.1% (130,000) 0.0% (130,000) 0.0% (130,000) 0.0%
V Unused Levy Capacity (177,277) (158,553) -10.6% (180,000) 13.5% (180,000) 0.0% (180,000) 0.0% (180,000) 0.0%
E Provision for Abatements (124,471) (131,592) 5.7% (125,000) -5.0% (127,500) 2.0% (130,050) 2.0% (132,651) 2.0%
N Non-Property Tax Revenue
U Motor Vehicle Excise 580,000 580,000 0.0% 580,000 0.0% 585,800 1.0% 591,658 1.0% 597,575 1.0%
E Hotel and Motel Excise 220,484 312,208 41.6% 312,208 0.0% 315,330 1.0% 318,483 1.0% 321,668 1.0%
Local Meals Tax 0 95,256 100.0% 71,687 -24.7% 72,404 1.0% 72,404 0.0% 72,404 0.0%
Payments in Lieu of Tax 255,000 155,000 -39.2% 45,000 -71.0% 45,450 1.0% 45,905 1.0% 46,364 1.0%
Liens, Late Fees & Supplemental 30,000 33,000 10.0% 33,000 0.0% 33,330 1.0% 33,663 1.0% 34,000 1.0%
Fees 162,000 167,926 3.7% 167,926 0.0% 169,605 1.0% 171,301 1.0% 173,014 1.0%
Licenses and Permits 180,000 182,553 1.4% 182,553 0.0% 184,379 1.0% 186,222 1.0% 188,085 1.0%
State Aid 1,879,501 1,775,816 -5.5% 1,594,462 -10.2% 1,594,462 0.0% 1,594,462 0.0% 1,594,462 0.0%
Fines and Interest 185,000 115,000 -37.8% 115,000 0.0% 116,150 1.0% 117,312 1.0% 118,485 1.0%
Stabilization Fund - for operations 150,000 0 100.0% 0 -100.0% 0 0.0% 0 0.0% 0 0.0%
Free Cash 440,611 380,788 -13.6% 259,495 -31.9% 199,358 -23.2% 189,390 -5.0% 179,921 -5.0%
Total Non-Property Tax 4,082,596 3,797,547 -7.0% 3,361,331 -11.5% 3,316,267 -1.3% 3,320,800 0.1% 3,325,977 0.2%
16,457,498 16,808,929 2.1% 16,808,929 0.0% 17,208,431 2.4% 17,668,655 2.7% 18,140,928 2.7%

2012 Budget - Workbook.xls Page 1 of 1 11/23/2010 - 1:55 PM