BRING BACK THE QUALITY OF LIFE MAYORAL CANDIDATE JOSEPH CARFORA One way to improve the quality of life for the residents of East Haven is having a fiscally responsible Town Budget DEBT SERVICE In 2010-2011 the budget was $7,409,859 in 2018-2019 the budget was $3,141,901 how did the budget go down so much ($4,267,958) Scheduled of regular payments and most notable the New High School debt service ended in 2017 (approximately $2,000,000 off the books) like paying off your mortgage. Nothing special was done. BUDGET The Budget is a LEGAL Document and all 169 Municipalities in the state have to produce a budget annually. The Budget is an estimate of Revenues the town will collect and expenditures the town will payout Let's take a closer look at East Haven's 2018- 2019 Budget. The town is using a Tax collection rate of 98%. I believe this rate is to aggressive a more conservative rate would be 97 % remember if the town doesn't achieve this collection rate- budgeted revenues are overstated. On the expenditure side over budget increases the mill rate the budget should be a lot closer to actual expenditures. I will demand a much tighter budget if I'm elected. Also in controlling expenditures will make a TOP priority to distinguish between WANTS and NEEDS of the town. FUND BALANCE (THE TOWN'S RAINY DAY SAVINGS) In 2012 the balance stood at $437,843, the town instituted an ordinance to make yearly contributions a line item in the expenditure budget (approximately $600,000) to restore Fund Balance to an acceptable levels as of 2018 the balance is $5,816,569. How was this increase achieved? If you look at the chart revenues (except for year 2013) actuals are less than budgeted that's bad. Expenditures are over-budgeted also budgeted amounts are higher than actual expenditures. Wale The adopted 2018-2019 Budget was $91,613,487 the administration prior to this current administration adopted budget was $85,670,735 a $5,942, 752 increase (6.93 % increase) is this keeping TAXES LOW? As Mayor, I am a proponent of conservative fiscal policies which mean using appropriate estimates of non-tax revenues, accurate expenditure estimates and a reasonable MILL RATE for the taxpayers and residents of East Haven. THIS NET (ABOVE THE LINE- BELOW THE LINE -$5,180,566 EXCEPT FOR 2013) INCREASES FUND BALANCE THIS IS HOW THE ADMINISTRATION INCREASES FUND BALANCE -OVER BUDGETING AND INCREASING YOUR TAXES. BELOW IS A CHART SHOWING THE FUND BALANCE COMPONENTS IF ELECTED I WILL PRODUCE A RESPONSIBLE BUDGET FOR EAST HAVEN TAXPAYERS I WANT TO HEAR FROM YOU PLEASE EMAIL ME AT carfora2019@gmail.com Joe SEASONS Carfora! (FORMERLY COUNTRY HOUSE) 990 Foxon Road, East Haven, CT Thursday, October 17th, 6:00-9:00PM $125 Dinner, Open Bar, and Dessert provided FOR MAYOR Paid for by Carfora 2019, Treasurer, Rich Esposito BRING BACK THE QUALITY OF LIFE MAYORAL CANDIDATE JOSEPH CARFORA One way to improve the quality of life for the residents of East Haven is having a fiscally responsible Town Budget DEBT SERVICE In 2010-2011 the budget was $7,409,859 in 2018-2019 the budget was $3,141,901 how did the budget go down so much ($4,267,958) Scheduled of regular payments and most notable the New High School debt service ended in 2017 (approximately $2,000,000 off the books) like paying off your mortgage. Nothing special was done. BUDGET The Budget is a LEGAL Document and all 169 Municipalities in the state have to produce a budget annually. The Budget is an estimate of Revenues the town will collect and expenditures the town will payout Let's take a closer look at East Haven's 2018- 2019 Budget. The town is using a Tax collection rate of 98%. I believe this rate is to aggressive a more conservative rate would be 97 % remember if the town doesn't achieve this collection rate- budgeted revenues are overstated. On the expenditure side over budget increases the mill rate the budget should be a lot closer to actual expenditures. I will demand a much tighter budget if I'm elected. Also in controlling expenditures will make a TOP priority to distinguish between WANTS and NEEDS of the town. FUND BALANCE (THE TOWN'S RAINY DAY SAVINGS) In 2012 the balance stood at $437,843, the town instituted an ordinance to make yearly contributions a line item in the expenditure budget (approximately $600,000) to restore Fund Balance to an acceptable levels as of 2018 the balance is $5,816,569. How was this increase achieved? If you look at the chart revenues (except for year 2013) actuals are less than budgeted that's bad. Expenditures are over-budgeted also budgeted amounts are higher than actual expenditures. Wale The adopted 2018-2019 Budget was $91,613,487 the administration prior to this current administration adopted budget was $85,670,735 a $5,942, 752 increase (6.93 % increase) is this keeping TAXES LOW? As Mayor, I am a proponent of conservative fiscal policies which mean using appropriate estimates of non-tax revenues, accurate expenditure estimates and a reasonable MILL RATE for the taxpayers and residents of East Haven. THIS NET (ABOVE THE LINE- BELOW THE LINE -$5,180,566 EXCEPT FOR 2013) INCREASES FUND BALANCE THIS IS HOW THE ADMINISTRATION INCREASES FUND BALANCE -OVER BUDGETING AND INCREASING YOUR TAXES. BELOW IS A CHART SHOWING THE FUND BALANCE COMPONENTS IF ELECTED I WILL PRODUCE A RESPONSIBLE BUDGET FOR EAST HAVEN TAXPAYERS I WANT TO HEAR FROM YOU PLEASE EMAIL ME AT carfora2019@gmail.com Joe SEASONS Carfora! (FORMERLY COUNTRY HOUSE) 990 Foxon Road, East Haven, CT Thursday, October 17th, 6:00-9:00PM $125 Dinner, Open Bar, and Dessert provided FOR MAYOR Paid for by Carfora 2019, Treasurer, Rich Esposito