HomeMy WebLinkAboutMicrosoft PowerPoint - Town Meeting 06 FinCom (2) [Compatibility Mode] Town of North Andover
FY2005 Operating Budget
Finance Committee
Comments
May 9, 2005
Finance Committee Report
FY04: "Advised the voters about worsening
financial conditions."
FY05: "North Andover's revenues are
insufficient to meet the increasing costs of
providing vital services to the community."
FY06: "We are sinking. North Andover's
current approach to its planning and finances
is inadequate."
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Budget Percentage Changes
What Will Happen ?
Public safety training/support reduced
Fields not maintained
Streets not swept until summer
Teachers laid off
Student redistricting
Bradstreet closed
➢ Inadequate staffing
What Might Have Happened . . .
Library closed for 2 days
• Loss of inter-library privileges
Youth Center closed
Trash collection eliminated
Elder outreach workers eliminated
Ambulance service reduced
What' s Happening Elsewhere?
Municipal employment is declining
Fixed expenses increasing
Free cash is decreasing
Stabilization funds being used
Local aid is down
• State financial obligations ahead
Next Year? TROUBLE !
Expenses likely to outpace revenue
No sign of meaningful state aid
Reduction in services
• Public Safety?
• Education?
• Public Works?
• Health & Human Services?
• Culture & Recreation?
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