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<br />Budget Note 7: Fire Department:
<br />Collective bargaining negotiations have just concluded with departmental employees for fiscal years
<br />2008, 2009, and 2010. A new round of negotiations will begin as of July 1. The increase in the
<br />departmental budget of $41,169 can be attributed to increases in recall wages necessary to maintain
<br />minimum staffing levels, which, in part, are the result of 3 unfilled vacancies and one long-term injury in
<br />a the departmental staffing.
<br />Budget Note 8 Total' Public Safety`and Enforcement Agencies Appropriation's'( $34586)
<br />The appropriations for the public safety departments have been reduced by $34,586, or 0.5%, from the
<br />budgets approved at last May's Town Meeting.
<br />Budget Note 9 School Department: (- $372,661)
<br />While the School Committee has accepted the Town Manager's budget of $18,260,434, a resident petition
<br />filed by School Committee members as individuals has been submitted requesting $450,000 from the Tax
<br />Stabilization Fund to off -set the reductions from the FY 2010 budget. See Article 21.
<br />Budget Note 10- Total Other Departmental Appropriations:: (-$351,136)
<br />The appropriations in this category, which includes the School Department, Public Library, Historical
<br />Society, Cultural Council and Sewer Commission, have been reduced by $351,136, or 1.9%, from FY
<br />2010 appropriations.
<br />Budget Note 11: Interest and` Principal on Debt; (- $224;110)
<br />In 2008, the town sold bonds to pay the capital cost of constructing the new fire sub -station ($2,100,000)
<br />and for the purchase of 80 acres of land on Route 130 owned by the St. Vincent's Home Corporation
<br />($2,145,000). The addition of these two capital appropriations boasted the debt service for FY' 10 to
<br />$4,795,607. No additional debt was created in 2009 which will result in debt payments in the FY 2011
<br />budget of $4,571,497, or a reduction of $224,110. The next major capital expense to come on will be the
<br />debt for the $5.5 million public library building. The present debt schedule, without the library, is
<br />presented below by Fiscal Year through 2028. You will note the big drop in the debt schedule occurs in
<br />FY 2018 when the debt to construct Mashpee High School is paid off.
<br />DEBT PAYMENTS/BALANCE BY FISCAL YEAR (AFTER 2008 BONDING)
<br />ANNUAL COST OF PRINCIPAL AND INTEREST ON CAPITAL DEBT
<br />FISCAL YEAR PRINCIPAL DUE INTEREST DUE TOTAL DEBT PAYMENTS EXPLANATION
<br />2011
<br />3,302,273
<br />1,179,222
<br />4,481,495
<br />2012
<br />3,287,143
<br />1,029,565
<br />4,316,708
<br />2013
<br />3,154,319
<br />898,023
<br />4,052,342
<br />2014
<br />3,145,113
<br />760,153
<br />3,905,266
<br />2015
<br />3,117,318
<br />626,292
<br />3,743,610
<br />2016
<br />2,958,749
<br />481,575
<br />3,440,324
<br />2017
<br />2,410,013
<br />352,577
<br />2,762,590
<br />MIMI
<br />2019
<br />986,778
<br />233,338
<br />1,220,116
<br />2020
<br />883,391
<br />195,231
<br />1,078,623
<br />2021
<br />874,858
<br />159,613
<br />1,034,470
<br />2022
<br />833,796
<br />125,319
<br />959,115
<br />2023
<br />638,796
<br />95,569
<br />734,365
<br />2024
<br />658,384
<br />71,006
<br />729,390
<br />2025
<br />513,384
<br />46,263
<br />559,647
<br />2026
<br />498,500
<br />25,438
<br />523,938
<br />2027
<br />225,000
<br />10,013
<br />235,013
<br />2028
<br />110,000
<br />2,475
<br />112,475
<br />TOTALS $28,593,095 $6,565,689 $35,158,785
<br />PENDING e; $5,5.0 00 ! $2,598,750 $8,088,750 NEW PUBLIC LIBRARY„
<br />4/5/2010
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