Here is the March 31, 2008 Monthly Financial report. It highlights the $10.6 Million shortfall for this fiscal year (2007-8). See you tonight at the final public hearing on the budget - Tuesday, 4/29/08 @ 7pm, City Hall.
We have heard from the BOA and City that there is nothing in the budget to reduce and that the budget represents mostly fixed costs. We also went to a recent budget panel discussion where this was also stated. So if nothing can be cut or reduced, we should be able to project taxes based on the current budget. Therefore, we looked at the recent growth in the budget and used very conservative growth/inflation projections assuming the budget will stay the same as the city said and projected the taxes. Take a look at our spreadsheet or PDF version of our projections and you decide. Send us your feedback.
Taxes are on course to rise with a mil rate of 73.24 in 2014 (six years from now). This translates into over $14,000 in taxes on a home worth $300,000 or around $400 per month for a renter of one floor in a 3-family in taxes to their landlord in a home worth $300,000.
Come to the final public hearing on the budget Tuesday, 4/29/08 at 7:00pm at City Hall.
Westville Dems wanted to let you know that they’re holding a panel discussion and Q&A on the New Haven city budget on Wednesday, April 23, from 6 to 8 pm at the Courtland Wilson branch of the Public Library. Leading voices from the Board of Alderman and the Mayor’s Administration, as well as a prominent citizen advocate for fiscal responsibility, will be discussing the 2008-2009 budget and the financial challenges the city faces in the next few years.
Panelists will include:
Carl Goldfield, Ward 29 Alderman, Board President, Finance Committee
Jacqueline James, Ward 3 Alderman
Jeffrey Kerekes, Founder, New Haven Citizens’ Action Network
Jorge Perez, Ward 5 Alderman, Finance Committee
Rob Smuts, Chief Administrative Officer, City of New Haven
The panel will be moderated by Paul Bass of the New Haven Independent.
The decisions made in the next several weeks as the Board debates the budget will have an impact on our taxes and our city’s fiscal health for years to come. If you’re interested in hearing multiple perspectives about the priorities shaping the budget, please come to the discussion, and bring your questions. There will be time for Q&A during the event.
Finance Committee
City of New Haven
Meeting Agenda
165 Church Street
New Haven, CT 06510
(203) 946-6483 (phone)
(203) 946-7476 (fax)
cityofnewhaven.com
Tuesday, April 8, 2008 6:00 PM Aldermanic Chambers
Aldermanic Notice - New Haven
The Finance Committee will hold a workshop on Tuesday, April 8, 2008, at 6:00 P.M, in the
Aldermanic Chambers, 165 Church St., New Haven, to hear testimony from City Departments
concerning their budget requests for FY 2008-2009. These departments are;
Registrar of Voters
Board of Education
Chapel West Special Service District
Whalley Avenue Special Service District
Town Green Special Service District
Corporation Counsel
Fair Rent Commission
Community Services Administration
Department of Public Health
Department of Elderly Services
Department of Youth Services
Economic Development Administration
Subsidies (Shubert Theater, Tweed/New Haven Airport, Grove Street Garage, Pilot Pen)
City Plan Commission
Small Business Initiative
Department of Transportation, Traffic & Parking
Commission on Equal Opportunity
Livable City Initiative
Office of Building Inspection & Enforcement
These items are filed with the City Clerk and may be inspected at Room 202, 200 Orange St.,
New Haven. Per order: Yusuf I. Shah, Chair. Attest: Ron Smith, City Clerk.
If you need a disability-related accommodation, please call three business days in advance
946-8122 (voice) or 946-8582 (TTY).
City of New Haven Page 1 Printed on 3/31/2008
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