Preliminary budget for 2018-19 introduced
Bloomfield Township Supervisor Leo Savoie introduced a preliminary fiscal year 2018-2019 budget for trustees to begin reviewing at the board of trustees meeting on Monday, November 27.
The fiscal year begins April 1, 2018, and ends March 31, 2019.
The proposed budget is $45.2 million, up from $43.6 million for fiscal year 2017-2018. The general fund expenditures are preliminarily at $10.7 million, up from $10.2 million; public safety, at $28 million, up from $27.4 million; the road fund, $4.5 million, up from $4.4 million; and capital expenditures, $2 million, up from $1.2 million.
Anticipated revenues are $33.3 million from property taxes, an increase from $32.4 million in fiscal year 2017-2018; state revenue sharing, at $3.5 million, up from $3.2 million; investment income, $400,000, up from $300,000; and other sources of revenue, expected to be about $7.4 million, about the same as the current year.
Savoie said that water and sewer costs and revenue were not included in this draft of the budget because the Oakland County Water Resources Commission and Southeast Oakland County Water Authority (SOCWA) would not have their numbers until February.
Trustees will hold a study session on the budget in February, Savoie said, with approval likely in March.