TOWN OF FREEPORT BUDGET HEARING Public hearing on the proposed Freeport municipal budget for fiscal year 2020 will be held in the Freeport town hall council chambers, on June 4th, 2019 at 6:30 p.m., as required by section 6.05 of the town charter A brief summary of the proposed fiscal year 2020 budget as compared to the fiscal year 2019 follows: Town of Freeport FY 2020 Budget Summary of Revenues and Expenditures with Proposed Tax Rates Proposed 5/8/19 % change FY 2019 Budget FY 2020 Budget $Change nue Non-Property Tax Property Tax $4,031,750 $4,342,500 $310,750 $ 210,754 $6,432,462 $600,000 6,643,216 3.28% Use of Fund Balance 600,000 0.00% $(150,000) Transfer from Library Lease $150,000 -100.00% Total Revenue $ 11,214,212 $11,585,716 $371,504 3.31% Expenditures $1,653,413 $1,751,779 $2,981,610o $ 111,140 $98,366 General Governme 5.95% $2,856,257 $109,740 $125,353 $1,400 4.39% Protection and Enforcement 1.28% Health and Welfare Public Works/Solid Waste $ 2,344,880 $2,445,230 $100,350 4.28% Library 0.19% $474,870 $2,211,373 $141,828 $ 473,970 2,206,365 Unclassified $ (5,008) $ (34,903) $ 83,352 0.23% Debt Service $106,925 1,192,404 24.61% $1,109,052 County Tax 7 52% $39,800 $203,500 S 39,800 Human Service Agencies 0.00% Bustins Island 206,000 $2,500 1.23% 45,493 $ 25,000 Community Center Building $44,499 $25,000 Abatements 0.00% Total Expenditures $11,214,212 $11,585,716 $371,504 3.31% County Projected Tax Mil Rate Municipal Projected Tax Mil Rate 3.55 Copies of the proposed budget may be obtained at the office of the Town Clerk, the Freeport Community Library, or online at www.freeportmaine.com. Peter Joseph, Town Manager TOWN OF FREEPORT BUDGET HEARING Public hearing on the proposed Freeport municipal budget for fiscal year 2020 will be held in the Freeport town hall council chambers, on June 4th, 2019 at 6:30 p.m., as required by section 6.05 of the town charter A brief summary of the proposed fiscal year 2020 budget as compared to the fiscal year 2019 follows: Town of Freeport FY 2020 Budget Summary of Revenues and Expenditures with Proposed Tax Rates Proposed 5/8/19 % change FY 2019 Budget FY 2020 Budget $Change nue Non-Property Tax Property Tax $4,031,750 $4,342,500 $310,750 $ 210,754 $6,432,462 $600,000 6,643,216 3.28 % Use of Fund Balance 600,000 0.00 % $ ( 150,000 ) Transfer from Library Lease $150,000 -100.00 % Total Revenue $ 11,214,212 $11,585,716 $371,504 3.31 % Expenditures $1,653,413 $1,751,779 $2,981,610o $ 111,140 $98,366 General Governme 5.95 % $2,856,257 $109,740 $125,353 $1,400 4.39 % Protection and Enforcement 1.28 % Health and Welfare Public Works/Solid Waste $ 2,344,880 $2,445,230 $100,350 4.28 % Library 0.19 % $474,870 $2,211,373 $141,828 $ 473,970 2,206,365 Unclassified $ (5,008) $ (34,903) $ 83,352 0.23 % Debt Service $106,925 1,192,404 24.61 % $1,109,052 County Tax 7 52 % $39,800 $203,500 S 39,800 Human Service Agencies 0.00 % Bustins Island 206,000 $2,500 1.23 % 45,493 $ 25,000 Community Center Building $44,499 $25,000 Abatements 0.00 % Total Expenditures $11,214,212 $11,585,716 $371,504 3.31 % County Projected Tax Mil Rate Municipal Projected Tax Mil Rate 3.55 Copies of the proposed budget may be obtained at the office of the Town Clerk, the Freeport Community Library, or online at www.freeportmaine.com. Peter Joseph, Town Manager