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The original item was published from 3/8/2021 9:57:07 AM to 8/19/2021 12:00:03 AM.

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Finance Committee

Posted on: March 8, 2021

[ARCHIVED] FY 2022 Fiscal Projection One

To the Honorable Board of Selectmen, Finance Committee, and the residents and taxpayers of Shrewsbury:

Attached hereto is the initial financial plan for fiscal year 2022. In accordance with Section 16 of the Shrewsbury Town Manager Act, this plan balances the operating requests of all departments within the available revenue that is estimated. Given the continued economic uncertainty related to the coronavirus global pandemic and other standing revenue limitations not all expenditure requests from the various department have been recommended. This will prevent any new services from being offered and in some cases result in the reduction of services in comparison to the current year.

With the above in mind, this plan details revenue and proposed expenditures for the Town of Shrewsbury for this period. The expenditures detailed in the plan total $154,871,532 which is $8,788,600 more than the expenditures planned in the current fiscal year. Included herein is the operating budget, Capital Improvements and various other charges and expenditures.

This financial plan illustrates the collaborative work of the Board of Selectmen, School Committee, the Superintendent of Schools and Town staff members to address the needs for current and future Shrewsbury residents. I want to thank the Board of Selectmen for its leadership and for its active engagement in this process. We look forward to working with the Finance Committee and Town Meeting members throughout the balance of this process.

I sincerely appreciate the efforts of everyone that has contributed to the development of this plan.

Best Regards,

Kevin J. Mizikar, Town Manager

FY 2022 Fiscal Projection One
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