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• 2014-2015 = $25,720 levy increase <br /> • 2015-2016 = $167,400 proposed preliminary levy <br /> increase <br /> The Council should review the attached budgets prior to the <br /> budget meeting on August 18th so that you are familiar with <br /> the line item requests. Listed below are the larger increases <br /> (over $2,500) that are reflected in the levy funds. <br /> Preliminary Levy Fund Budget Line Item Increases <br /> over $2,500 <br /> 1 . Employee Wages — The budget reflects a 3.5% increase <br /> for all employees. This increase is recommended by the <br /> Personnel Committee. <br /> 2. Health Insurance — The budget reflects a 5% increase for <br /> health insurance premiums which has been confirmed by <br /> NJPA. <br /> 3. Elections Budget — 2016 is an election year, thus the <br /> increase in expenditures. These expenditures will be <br /> funded by capital outlay carryover funds. <br /> 4. General Building — Operating Supplies — Increase for <br /> exterior paint for Chamber Building and miscellaneous <br /> supplies. <br /> 5. General Building — Capital Outlay — For Cole Building <br /> bathroom remodeling which will be funded by fund <br /> balance. <br /> 6. Fire Contracts — Contract Services — Increase in fire <br /> contracts. <br /> 7. Roads & Streets — Operating Supplies — Increase in cost <br /> of supplies. <br />