The proposed 2016-2017 Warwick City budget is: $298,728,119
Last fiscal year our total budget was $294,048,252.
Ten years ago our city budget was $273,331.162 with $144,345,919 allocated to schools and $128,985,243 allocated to municipal services/pensions/healthcare/salaries.
After the city of Warwick conducted a state mandated full residential and commercial property tax revaluation, the city's tax roll increased by $428.6 million (5.42%). The residential property tax base grew by $381.8 million (6.69%), while the commercial values only increased by $46.8 million (2.12%).
This massive tax rate revenue increase of almost $430 million managed to only decrease the residential tax rate by .51 cents.
City Sources Of Revenue:
Sources of revenue for the city last fiscal year (2015-2016) were:
This FY 2016-2017 Sources of Revenue to establish the Budget were:
The greatest source of revenue comes from residential property taxes and state aid.
Some other preliminary findings...
It is very nice to see that our Fire Department OT has decreased by $354,000. Our WFD unused sick time also decreased by $379,950.
The overall Warwick Fire department budget decreased by $557,212.
Our Warwick Police Department Budget increased by $528,994.
Our Public Works- Highway Department budget decreased by $450,692.
Public works recycling budget increased by $198,492.
Public Works Automotive increased by $54,196.
Public Works BLDG Maintenance increased slightly by $15,155 and PW- Engineering decreased by $126,833.
Parks & Recreation budget increased by $64,186
$1,000,000 is being budgeted for asphalt.
Our Animal Shleter is getting about $15,000 more.
Thayer & Warburton Arena's budget increased by $21,079 & McDermott Pool increased by $47,169.
The Warwick Public Library budget increased by $103,774.
Human Services budget increased by $21,118
Senior Citizens centers' budget increased by $46,747 and Senior Transportation services budget increased by $13,587.