The FY2017/2018 Budget Was Approved at the Annual Budget Meeting
150 YES/14 NO
Thank you to all those who came out on a rainy night to vote!
Legal Notice
Town of Canton Annual Budget Meeting
Monday, May 22, 2017 at 7:00 p.m.
Canton Middle/High School - Auditorium
The annual town budget meeting of all electors and those qualified to vote in Town Meetings in the Town of Canton will be held on Monday, May 22, 2017 at 7:00 p.m. in the auditorium of Canton Middle/High School, 76 Simonds Avenue, for the purpose of discussing the Board of Finance recommended budget for the fiscal year July 1, 2017 through June 30, 2018. The Charter requires 150 voters be present for a quorum and if not it will automatically go to a referendum which will cost the taxpayers approximately $3,500.
“SHALL THE BOARD OF FINANCE’S RECOMMENDED BUDGET FOR FISCAL YEAR 2017/2018 IN THE AMOUNT OF $37,767,987 BE APPROVED?”
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BUDGET SUMMARY
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Audited
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Revised
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Proposed
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Actual
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Budget
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Budget
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REVENUES
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FY 2015/16
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FY 2016/17
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FY 2017/18
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Property Taxes
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$32,330,018
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$32,743,326
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$34,009,287
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Licenses, Permits & Fees
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$290,063
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$ 334,400
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$346,400
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Intergovernmental Revenue
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$4,043,731
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$ 3,861,044
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$2,520,026
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Local Department Revenue
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$419,367
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$ 400,429
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$424,774
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Investment Income
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$ 32,673
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$ 60,000
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$142,500
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Use of Undesignated Fund Balance
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$-
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$ 634,104
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$-
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Other Financing Sources
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$-
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$ -
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$325,000
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Total - General Fund Revenues
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$37,115,852
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$38,033,303
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$37,767,987
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EXPENDITURES
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Board of Selectmen
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$10,044,923
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$ 10,474,598
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$ 10,434,753
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Board of Education
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$24,778,160
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$ 25,513,269
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$ 25,304,545
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Board of Finance
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$1,846,494
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$ 2,045,436
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$ 2,028,689
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Total - General Fund Expenditures
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$36,669,577
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$ 38,033,303
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$ 37,767,987
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The detailed Budget mailer is available on the town’s website at townofcantonct.org
Brian First
Chairman, Board of Finance