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ToWn of fflaobpee 16 GREAT NECK ROAD NORTH MASHPEE. MA 02649 OFFICE OF EXECUTIVE SECRETARY TO: Members of the Finance Committee FROM: Rob tenour, Jr., Executive Secretary DATE: March 2, 1993 RE: Fiscal Year 1994 Proposed Budget On behalf of the Board of Selectmen, I am pleased to forward to you for your review and recommendation the Selectmen's Proposed Budget for the Fiscal Year July 1, 1993 through June 30, 1994. The attached budget reflects a fiscally conservative viewpoint,and provides for certain initiatives, within the framework of limited resources, for improving the delivery of services for our growing Town. While Fiscal Year 1994 is shaping up to be another tight financial year for the Town of Mashpee, in no way can we be considered to be in the same type of fiscal crisis which has faced the entire Commonwealth over the past three years. In analyzing revenues, we see very modest growth in local estimated receipts,which is a positive local indicator, demonstrating a slight turnaround in motor vehicle excise taxes and local permits and fees. Additionally, direct budget savings of approximately$135,000 in Town insurance and $73,000 in short-term interest as a result of quarterly tax bills has helped to offset our constrained revenue base. Although some limited new growth and a new debt exclusion for the construction of the middle school addition have buoyed our local property tax collection, the Board remains extremely concerned regarding the large share of overall revenues,currently over eighty- three percent, which property taxes comprise. The primary reason for this high percentage is the continued lack of State aid as a significant revenue source for this community. The Board of Selectmen wishes to continue to work with the Finance Committee to impress upon our legislative delegation the importance of State revenues as a component of our local budget. Given our modest financial growth from fiscal year 1993, the Selectmen have proposed an annual budget which, while taking an extremely conservative viewpoint toward municipal spending,provides leadership and direction in proposing certain limited policy initiatives to achieve some of the goals for the Town which have been adopted by the Board. These initiatives have been achieved, within the context of a balanced budget, in as economical a fashion as possible, and should help to move the Town forward as we continue to grow. Fiscal year 1994 budget initiatives include the following areas: