05/15/2023: During a Special Meeting on Monday, May 15, 2023, the Town Council voted 7-0 in favor adopting the Fiscal Year 2024 Municipal General Fund Operating and CIP Budget of $20,501,626. This includes the estimated overlay of $200,000 and county assessment of $1,860,103, with estimated non-property tax revenues of $8,968,140, use of fund balance of $1,600,000 and estimated property taxes of $9,933,381. The council voted 5-2 in favor of approving the School Department budget as recommended by the School Board for Fiscal Year 2024 for a total appropriation of $34,170,000 and estimated revenues of $3,597,711. Councilors Timothy Reiniger and Susan Gillis voted against the budget.
Prior to approving the School Department budget, Reiniger made a motion to amend the school budget by a reduction of $1.8 million. Gillis seconded the motion. The motion failed by a vote of 2-5.
The final step in the School Department budget process is the citizen referendum on June 13.
05/08/2023: Town Council holds a public hearing on the Fiscal Year 2024 General Fund and Special Revenue Funds Budget; no public comments were made.
04/25/23: Finance Committee adds $85,000 to the general fund balance for expenses relating to the School Building Advisory Committee. This increases the tax rate to 6.32% up from 6.09%. The FY 2024 General Fund Budget shows $54,671,521.00 in total expenditures and estimated non property tax revenues of $14,165,851.00 with $40,505,670.00 to be raised from property taxes. The FY 2024 Special Revenue Funds Budgets show proposed expenditures of $4,126,254.00 and operating revenues of $3,410,228.00.
04/11/2023: Cape Elizabeth School Board approves proposed FY 2024 Budget in the amount of $34,170,00. This shows a 6.26% property tax rate increase and an expenditure increase of 9.32%.
03/29/23: Cape Elizabeth School Department received notification from the State Department of Education that the state allocation was increased to $3,019,211.08, which is an increase of $788,815. This allowed for modifications with collective bargaining negotiations. Received health insurance ceiling of 6%.
03/27/2023: Cape Elizabeth School Department MOU was received by the State Department of Education for the Pre-K grant (state allocation $164,601). MainePERS announces increase to retirement rate from 3.84% to 4.47%.
03/20/2023: Town Manager Matthew Sturgis reports to that recent refinements to the budget have pulled down the net to taxes increase to approximately 6.3%.
03/13/2023: Town Manager Matthew Sturgis delivers draft Proposed FY2024 Municipal Budget for all ongoing municipal departments and community services. With the assistance of the Finance Director John Quartararo, various elements of the municipal budget are in line with the prior year's format, with the continuation of cost centers under their. The total combined municipal and community services budget for this year is $18,465,267. This is offset by revenues from all sources in the amount of $10,568,140. The amount to be collected from property taxes is proposed to be $7,897,127, which is 11.2% more than last year. As proposed, the budget will provide a net to taxes increase of 7.02%, or $0.30 increase on the Town portion of the tax rate. The average 5-year increase in the municipal tax rate is 1.78%. This year's municipal segment of the budget would equate to a $105 increase on a home valued at $350,000, or $8.75 per month. This year's budget is focused on providing the best public services to the Town, while also retaining current employees and attracting new employees for vacant or positions anticipated to open. The budget is also targeted to meet the stated council goals for FY2024.
02/15/2023: The State of Maine Department of Education ED 279 Report currently shows Cape Elizabeth's allocation to be $2,240,395.08 for fiscal year 2024. This is an 11.18% increase and $225,233.31 more than last year. Last year the state allocation for Cape Elizabeth was $2,015,161.77.
Approved 11/15/2022
TOWN COUNCIL
| Budget Submittal Dates | ||
| Draft Municipal department budgets due to town manager | Friday, January 20, 2023 | Not a meeting |
| Manager's recommended Municipal budget delivered to Town Council | Friday, March 3, 2023 | Not a meeting |
| School Board recommended budget delivered to Town Council | Monday, April 17, 2023 | Not a meeting |
| Meetings During Budget Review Period Note: All Town Council meetings will be held in council chambers at Town Hall | ||
| Regular March Town Council Meeting | Monday, March 13 | 7:00 p.m. / CETV LIVE |
| Finance Committee Review of Accounts 100, 200, 400, 500, 710 | Monday, March 20 | 6:00 p.m. / CETV LIVE |
| Finance Committee Review of Municipal 300, 600-635, 640-670, and Special Funds | Thursday, March 23 | 6:00 p.m. / CETV LIVE |
| Regular Town Council Meeting Including Opportunity for Budget Public Comment | Monday, April 10 | 7:00 p.m. / CETV LIVE |
| School Vacation Week | April 17 - 21 | |
| Finance Committee School Budget Presentation from School Board | Monday, April 24 | 6:00 p.m. / CETV LIVE |
| Finance Committee Wrap-Up (If needed) | Tuesday, April 25 | 6:00 p.m. / CETV LIVE |
| Regular Town Council Meeting and Public Hearing on the 2024 Budget | Monday, May 8 | 7:00 p.m. / CETV LIVE |
| Special Town Council Meeting - Vote on the FY2024 Budget | Monday, May 15 | 7:00 p.m. / CETV LIVE |
| School Budget Validation Vote | ||
| Citizen Vote on Town Council adopted School Budget FY2024 | Tuesday, June 13 | |
SCHOOL BOARD | ||
| Meetings During Budget Review Period | ||
| School Board & Town Council Joint Budget Workshop. Location: Town Hall | Wednesday, January 18 | 6:00 p.m. / CETV LIVE |
| School Board Special Meeting and Budget Workshop; Administrator budget requests presented. Location: CEHS Library | Tuesday, January 24 | 6:00 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Board Budget Workshop; Continuation of Administrator budget requests (if needed). CANCELED | Wednesday, Jan. 25 | 6:00 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Board Regular Business Meeting. Location: Town Hall | Tuesday, February 14 | 6:30 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Vacation Week | February 20 - 24 | |
| School Board Budget Workshop Q & A. Location: CEHS Library RESCHEDULED DUE TO WEATHER | Tuesday, February 28 | 6:30 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Board Budget Workshop Q & A. Location: CEHS Library | Tuesday, March 7 | 6:30 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Board Regular Business Meeting. Location: Town Hall | Tuesday, March 14 | 6:30 p.m. / CETV LIVE |
| School Board Budget Workshop Q & A. Location: CEHS Library | Tuesday, March 21 | 6:30 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Board Budget Workshop Q & A (if needed). Location: CEHS Library | Tuesday, March 28 | 6:30 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Board Budget Workshop Q & A (if needed). Location: CEHS Library | Tuesday, April 4 | 6:30 p.m. / Not streamed Will be available for later viewing on CETV On Demand |
| School Board Regular Business Meeting. Location: Town Hall | Tuesday, April 11 | 6:30 p.m. / CETV LIVE |
| School Vacation Week | April 17 - 21 | |
| School Board FY Budget Presentation to Town Council Finance Committee. Location: Town Hall | Monday, April 24 | 6:00 p.m. / CETV LIVE |
| School Board FY Budget Presentation to Town Council Finance Committee (if needed) Location: Town Hall | Tuesday, April 25 | 6:00 p.m. / CETV LIVE |
NOTE: All meetings will be available for on-demand viewing within one to two days of the meeting date and accessible on CETV On Demand; this includes meetings that streamed on CETV LIVE. | ||
Overall Municipal Budgets 2023-2024
This includes Town, School, and County
Pro Forma as of April 26, 2023
Pro Forma as of April 11, 2023
Town FY2024 Budget Documents:
Town Manager's draft FY2024Proposed Municipal Budget
FY 2024 Budget - Revenues - Expenses and CIP Projects
School Board FY2024 Budget Documents:
Cape Elizabeth School Department FY 2024 Budget Presentation to Town Council on April 24, 2023
Cape Elizabeth School Department Proposed FY 2024 Budget (4/11/23)
Cape Elizabeth School Department Preliminary Budget Presentation for FY2024
School Board FY2024 Budget Questions for District Leadership
TOWN COUNCIL FINANCE COMMITTEE :
Thursday, March 23, 2023 VIDEO
SCHOOL BOARD FINANCE COMMITTEE:
Tuesday, January 24, 2023 VIDEO