{"id":19717,"date":"2016-10-12T11:18:37","date_gmt":"2016-10-12T15:18:37","guid":{"rendered":"http:\/\/www.wrfalp.com\/?p=19717"},"modified":"2016-10-12T11:18:37","modified_gmt":"2016-10-12T15:18:37","slug":"listen-teresi-presents-2017-budget-that-contains-878000-deficit","status":"publish","type":"post","link":"https:\/\/www.wrfalp.com\/listen-teresi-presents-2017-budget-that-contains-878000-deficit\/","title":{"rendered":"[LISTEN] Teresi Presents 2017 Budget that Contains $878,000 Deficit"},"content":{"rendered":"<iframe loading=\"lazy\" width=\"100%\" height=\"166\" scrolling=\"no\" frameborder=\"no\" src=\"https:\/\/w.soundcloud.com\/player\/?url=https%3A%2F%2Fapi.soundcloud.com%2Ftracks%2F287324438&auto_play=true&hide_related=false&visual=false&show_comments=true&show_user=true&show_reposts=false&color=ff5500\"><\/iframe>\n<p>JAMESTOWN &#8211; Mayor <strong>Sam Teresi<\/strong> has released a<strong> 2017 budget<\/strong> that contains more than $878,000 more in spending than in revenue.<\/p>\n<div id=\"attachment_19718\" style=\"width: 310px\" class=\"wp-caption alignright\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-19718\" data-attachment-id=\"19718\" data-permalink=\"https:\/\/www.wrfalp.com\/listen-teresi-presents-2017-budget-that-contains-878000-deficit\/teresi-2017-budget\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?fit=1258%2C1349&amp;ssl=1\" data-orig-size=\"1258,1349\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 5&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1476198625&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.12&quot;,&quot;iso&quot;:&quot;64&quot;,&quot;shutter_speed&quot;:&quot;0.0166666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"teresi-2017-budget\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Jamestown Mayor Sam Teresi presenting his 2017 budget during a presentation on October 11, 2016.&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?fit=280%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?fit=955%2C1024&amp;ssl=1\" class=\" wp-image-19718\" src=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?resize=300%2C322&#038;ssl=1\" alt=\"Jamestown Mayor Sam Teresi presents the 2017 City Budget. \" width=\"300\" height=\"322\" srcset=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?resize=955%2C1024&amp;ssl=1 955w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?resize=280%2C300&amp;ssl=1 280w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?resize=768%2C824&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/Teresi-2017-Budget.jpg?w=1258&amp;ssl=1 1258w\" sizes=\"(max-width: 300px) 100vw, 300px\" data-recalc-dims=\"1\" \/><p id=\"caption-attachment-19718\" class=\"wp-caption-text\"><em>Jamestown Mayor Sam Teresi presents the 2017 City Budget.<\/em><\/p><\/div>\n<p>On Tuesday afternoon Teresi presented his $35 million spending plan, which is $70,000 lower than the spending in the current year\u2019s budget. However, despite the slight decrease in spending, the 2017 budget also contains an $878,736 deficit.<\/p>\n<ul>\n<li><a href=\"http:\/\/www.jamestownny.net\/2017-executive-budget\"><strong>VISIT THE CITY&#8217;S 2017 BUDGET PAGE<\/strong><\/a><\/li>\n<\/ul>\n<p>According to the mayor, he and his staff have tried to identify as many cuts to the budget as possible, but due to several mandates including minimum staffing requirements and healthcare contributions, he was only able to bring down spending so much.<\/p>\n<p>On the revenue side, the city will be unable to rely on several revenue options it had in previous years, including the profit contributions from the BPU and even the ability to raise property taxes enough to close the deficit. That\u2019s because the city has all but reached its constitutional taxing limit for the current year. In fact, the mayor\u2019s 2017 budget contains a .96 percent increase in the tax levy, which brings the city up to its constitutional taxing limit of $15,844,270.\u00a0 That equates to a tax rate increase for property owners of .76 percent \u2013 or $0.18 per thousand assessed value.<\/p>\n<p><strong>SEVERAL ASSUMPTIONS NEED TO BE REALIZED<\/strong><\/p>\n<p>Even with the budget deficit in place, the 2017 spending plan presented by the mayor also contains 15 different conditions and assumptions that need to move forward in 2017 or else the deficit could grow larger.<\/p>\n<p>Those assumptions include a $250,000 (71 percent) funding cut to the <strong>James Prendergast Library<\/strong> and a $600,000 grant from the state to assist with the buyout of Medicare-eligible retirees who would voluntarily leave city\u2019s healthcare program, thus reducing that spending line for next year and in future years.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"19719\" data-permalink=\"https:\/\/www.wrfalp.com\/listen-teresi-presents-2017-budget-that-contains-878000-deficit\/img_2437\/\" data-orig-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?fit=3264%2C2448&amp;ssl=1\" data-orig-size=\"3264,2448\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;2.4&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;iPhone 5&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1476204330&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;4.12&quot;,&quot;iso&quot;:&quot;50&quot;,&quot;shutter_speed&quot;:&quot;0.0166666666667&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Jamestown 2017 Budget Book\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?fit=300%2C225&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?fit=1024%2C768&amp;ssl=1\" class=\"wp-image-19719 alignright\" src=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?resize=340%2C255&#038;ssl=1\" alt=\"Jamestown 2017 Budget Book\" width=\"340\" height=\"255\" srcset=\"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?resize=1024%2C768&amp;ssl=1 1024w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?resize=300%2C225&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?resize=768%2C576&amp;ssl=1 768w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?w=2000&amp;ssl=1 2000w, https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2437.jpg?w=3000&amp;ssl=1 3000w\" sizes=\"(max-width: 340px) 100vw, 340px\" data-recalc-dims=\"1\" \/>Another assumption is moving forward with the proposed city-county shared services agreement in public safety \u2013 which could save $25,000 next year \u2013 but could ultimately result in a seven figures savings per year within two decades. \u00a0However, that <strong>Police Consolidation<\/strong> proposal \u2013 which is still in the finalization process &#8211; needs to be approved by both the county and city in order to go into effect.<\/p>\n<p>The mayor said that despite presenting a budget that contains an $878,000 deficit, he\u2019s not ready to throw in the towel. He said that in the coming weeks and the <strong>city council<\/strong> will continue to work on trying to balance the spending plan.<\/p>\n<p>Copies of the budget are available at the city clerk&#8217;s office, in the mayor&#8217;s office, and also at the Prendergast Library for public review.<\/p>\n<p>The city is required to have a budget in place by Dec. 1.<\/p>\n<br>More Posts for Show: <a href=\"https:\/\/www.wrfalp.com\/show\/community-matters\/#show-posts\">Community Matters<\/a>","protected":false},"excerpt":{"rendered":"<p>JAMESTOWN &#8211; Mayor Sam Teresi has released a 2017 budget that contains more than $878,000 more in spending than in revenue. On Tuesday afternoon Teresi presented his $35 million spending plan, which is $70,000 lower than the spending in the current year\u2019s budget. However, despite the slight decrease in spending, the 2017 budget also contains [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":19720,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"[LISTEN] Teresi Presents 2017 Budget that Contains $878,000 Deficit","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[2,4],"tags":[6067,1104,1122,1805,1984],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.wrfalp.com\/wp-content\/uploads\/2016\/10\/IMG_2430.jpg?fit=3264%2C2448&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p3YlJ4-581","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/19717"}],"collection":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/comments?post=19717"}],"version-history":[{"count":1,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/19717\/revisions"}],"predecessor-version":[{"id":19721,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/posts\/19717\/revisions\/19721"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media\/19720"}],"wp:attachment":[{"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/media?parent=19717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/categories?post=19717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wrfalp.com\/wp-json\/wp\/v2\/tags?post=19717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}