Village eyes 1.5 percent tax hike

T he village has released its 2013-14 tentative budget and although officials were able to hold the line on most expenses, the spending plan calls for an increase in taxes to make up for insurance costs and an increase in pension contributions.

As proposed, the village’s tax levy, the amount of money it collects through taxes, would increase by 1.5 percent for a second consecutive year.

The increase effectively raises the tax rate from $17.87 per $1,000 of assessed value to $18.13 per $1,000. That means a taxpayer whose home is assessed for $100,000 will pay an additional $26 in village taxes. Some taxpayers may have to pay more than that because of a slight increase in assessments.

Mayor Peter Telisky said the board was able to realize savings in several areas but insurance costs and contract negotiations with its employees drove up costs.

The village will have to pay $9,700 more in state-mandated pension contributions and will pay $131,000 for employees’ heath insurance costs. Workers compensation will cost the village an additional $12,675.

In addition to a 1.5 percent tax hike, residents will also have to pay a little more for their water.

Water rates are expected to increase by two percent, which Telisky said will cost the average user approximately $7 per year. Water rates increased by 10 percent last year, primarily because revenues were not keeping pace with expenses. That gap has been closed in the past year—metered water sales increased by more than $11,000—and officials are hopeful a modest increase will narrow that gap further.

Sewer rates are also set to increase by 2 percent.

The new rates would be reflected on the August billing cycle.

Overall the budget calls for $1,908,788 in appropriations, up from $1,843,033 last year; $176,978 in nontax revenue, and $90,000 from the appropriated fund balance, an increase of $10,000 from last year.

A public hearing on the 2013-14 budget will be held at 6 p.m. on Tuesday, April 16. Barring significant opposition from the public, the village will likely vote to approve the budget during its regular board meeting later that evening.

 

 

 

 

 

 

Comments

comments

Read more in this week's Times in newsstands now or click here to read right now with our e-edition.

Tags: , , , , , , , , , , , , , , , , , , ,

Northshire Freepress 02/27/15

North Country Freepress – 02/27/15

Lakes Classifieds – 02/27/15

Lakes Region Freepress 02/27/15

Classifieds 02/25/14

A year later, Pember on path to recovery

Bob and Mary (3)

By Derek Liebig A year after a state audit revealed the Granville institution was in a precarious financial state, the […]

A day in the life of a Whitehall Cop

Patrolman Joel Archambault issues a ticket during Monday's ridealong

By Dan King For a small town, there is always something to do as a cop in Whitehall. At 9:30 […]

Behavioral Specialist program to continue

Liz Legault

By Dan King The Whitehall Board of Education voted Monday to continue the district’s much-discussed behavioral specialist program. In an […]

Snail Mail gets slower

Whitehall Post Office

By Dan King People in New York’s rural municipalities, including Whitehall, may have to wait an extra day for delivery […]

Granville spirit night

By Derek Liebig Bolstering school spirit is the aim of an event that will be held tomorrow night at Granville […]

Hampton puts aside funds for equipment

By Derek Liebig The Hampton Town Board is putting some money aside for a rainy day. The board voted last […]

Whitehall Rifle Club still perfect

The Whitehall Rifle Club finished the first half of the season 7-0 with its strongest outing of the year, by […]