HomeMy Public PortalAboutFiscal Year 2023 Proposed Budget Amendment Fiscal Year 2023 Proposed Budget Amendment:
FISCAL YEAR 2023
BUDGET AMENDMENT
INCREASE
REVENUE DECREASE TO READ
REAL ESTATE AND
PROPERTY TAXES $ 2,354,675 $ 143,083,269
STATE AID $ 192,746 $ 14,435,775
HOTEL EXCISE $ 150,000 $ 825,000
INVESTMENT INCOME $ 400,000 $ 650,000
OTHER FINANCING SOURCES-
TRANSFR FROM O'NEILL FUND $ 1,227,579 $ 1,227,579
TOTAL REVENUE ADJUSTMENT $ 4,325,000
INCREASE
EXPENDITURES DECREASE TO READ
SCHOOL CHOICE ASSESSMENT $ 45,419 $ 255,278
0182056-560629
CHARTER SCHOOL ASSESSMENT $ (30) $ 411,521
0182056-560630
ORGANICS/COMPOSTING PROGRAM $ 75,000 $ 500,000
0143352-520293
MUNICIPAL SPACE USE STUDY $ 85,000 $ 85,000
0194000-530336
HEALTH&HUMAN SERVICES STUDY $ 90,000 $ 90,000
0194000-530332
ACQUISITION OF LAND $ 2,000,000 $ 2,100,000
0194000-580950
TRANSFR TO NEW HIGH SCHOOL $ 2,000,000 $ 3,983,055
STABILIZATION FUND
0194000-596809
TOWN COUNCIL RESERVE $ 29,611 $ 2,081,611
0111152-570780
TOTAL EXPENDITURE ADJUSTMENT $ 4,325,000
Given this Amendment, the Fiscal Year 2023 Revenues and Expenditures will be each increased by
$4,325,000. Therefore,the revised Fiscal Year 2023 Revenues and Expenditures are $179,114,000.