Search Sponsored by:
Wednesday, August 24, 2016
Speculator, NY ,

Speculator will exceed tax cap

Sunday, April 14, 2013 - Updated: 1:02 PM



SPECULATOR - The Village of Speculator will exceed the cap on any increase to its tax levy in the 2013-14 budget by $30,439 unless further cuts are made to the budget.

The tax levy for the current fiscal year was $793,667. As of April 1 it was $846,051 for the new fiscal year, a difference of $52,384 or 6.6 percent. The cap is 2.77 percent without allowed adjustments.

The board reviewed the draft 2013/14 Budget one more time, cutting appropriations by $55,300, from $1,154,722 to $1,099,422. This is up $161,470 or 17.22 percent over the 2012/13 budget of $937,952.

A new garbage truck body at $40,000 was changed to refurbishing the current one for $12,000.

Among the items deleted were $11,000 for a utility vehicle, a standby generator at $5,700, a garage door opener at $1,200 and a walk-behind snowblower at $2,000 for the Department of Public Works.

On the other hand, the DPW is getting a new Mack truck with plow and wing. The budget includes $158,645 toward the truck; it will be partially offset with about $115,000 in CHIPs funds.

Items new to the budget include $3,000 for a conference table, $4,700 for a standby propane generator and $2,000 more for heat, all for Village Hall.

Fire department requests are up by $5,016, from $82,286 to $87,302.

Some costs have gone down; for instance, health insurance by $12,395.

Budget Officer Bonnie Page says estimated revenues are at $199,371. With $53,500 in fund balance appropriated to reduce taxes, the tax levy is at $846,551 and the estimated tax rate is at 5.870792.

Page had not yet determined the cap on any tax levy increase as of the board’s April 1 meeting; she needed figures that were not yet available.

Mayor Letty Rudes noted that if not for the new truck the budget would have gone up by only $28,000.

The public hearing on the budget will be held Monday, April 15, at 7 p.m. at Village Hall; the next regular meeting of the board will be April 22.


Comments made about this article - 0 Total

Comment on this article


Most Popular

  • Viewed
  • Commented
  • Emailed
  1. Hawk plans to remove system, severs ties with town board(1361)
  2. Lasting love: Couple celebrates 70 years of marriage in Northville(686)
  3. Cash, valuables reported stolen from vehicles in Speculator(548)
  4. Broadband speeds to improve by 2018(447)
  5. Beware of phishing, scams when online(428)
  6. A budding philanthropist(395)
  7. Police charge woman with falsely reporting that she was abducted(387)
  8. Strengthen Your Faith - 07/287/20126(382)
  9. Inlet considers whether to keep school open(377)
  10. Wells seniors have a busy summer(364)

Copyright © McClary Media, Inc.

Privacy Policies: Hamilton County Express

Contact Us