Text Box: 5 col x 6.1” Text Box: BUDGET DISASTER WILL Text Box: There are eight million reasons why the proposed $73,000,000 Hamilton Township budget for 2003-04 can be a major disaster for Hamilton taxpayers in 2004-05. And, they are all in “anticipated” revenues that probably won’t be realized this year and certainly will not be available next year and in grossly overestimated revenues. Experts in municipal finance say the Hamilton municipal purpose portion of the property tax bill may increase by 25%-30% next year ! Text Box: NON-RECURRING REVENUES Future Utility Surplus $ 785,666 Utility Prior Year Surplus 1,100,000 Added Assessments 1,800,000 Reserve Future Debt 878,000 Reserves Canceled 1,017,000 Capital Surplus 696,000 Text Box: OVERESTIMATED REVENUES Interest on Taxes................by $200,000 Interest on Investments....by 117,000 Construction Permits........by 800,000 Surplus not regenerated...... 700,000 TOTAL ONE-TIME REVENUES Text Box: That’s bad government ! We can fix it...with courage, experience knowledge, and commitment. Text Box: We know Hamilton... We know government ! Text Box: pd by Lacy for Mayor PO Box 3489 Hamilton 08619 Text Box: $8,093,666 Text Box: www.JackLacy.com