Montuori Unveils $88.2 Million Budget For FY2014
Health insurance, contracts fuel increase.
Veterans of the municipal finance wars will tell you that Town Budgets are a lot like sausage -- you can decide whether or not you like the taste but you really don't want to know how it's made. For the past few months, Town Manager Richard Montuori and his department heads have been hard at work at the fiscal sausage grinders and Thursday night, Montuori unveiled the finished product. Montuori is proposing an FY2014 Budget of $88,265,603. It represents an increase of 2.97 percent (2,546,544) over FY2013. A breakdown of the increase finds it is made up almost entirely of fixed costs such as a seven percent increase in health insurance premiums, as well as contractual obligations, such as two percent raises and step increases for multiple …
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john smith
10:00 pm on Saturday, February 2, 2013
Ray first off I did not criticize anyone. All I was saying is that everyone's situation is different. I have friends and family that are doing great and others who are just getting by. That is in the private sector and public. Do you honestly think your average town employee hasn't had to tighten their belts as well. We are talking about average people making very average money. I am just shocked… more ›