Press-Republican

Local News

September 30, 2013

Tax-cap override looms in Malone

MALONE — The Malone Town Council will have to cut about $712,000 from the tentative 2014 budget to fall below the state mandated property-tax-levy cap.

Town Budget Officer Andrea Stewart advised members last week to pass a local law for residents’ permission to override the tax cap when she filed the spending plan.

The tentative budget includes a tax increase of $3.13 per $1,000 of assessed-property value for properties outside the Village of Malone and an increase of 79 cents per $1,000 properties inside the village.

The overall spending plan is $4,247,419, an increase of 25.7 percent from this year.

The tax levy, or amount to be raised by taxes, is $3,455,630, an increase of 36.8 percent.

‘FAR ABOVE CAP’

Without any changes to the tentative plan, the tax rate outside the village would be $11.26 per $1,000, an increase of 38.5 percent, and $4.76 per $1,000 inside the village, up 19.9 percent.

A home assessed at $100,000 outside the village would see a tax bill of $1,126, and a $100,000 home inside the village would pay $476.

The first work meeting to trim the tentative budget is set for 3:30 p.m. Wednesday at the Town Office at the Malone Dufort Airport.

“The tax cap is 1.66 percent this year, so now we’re far above that,” Stewart told the council. “I suggest you consider adopting the local law whether you need it or not. 

I’m not really sure you can get it down that much.”

DEPARTMENT REQUESTS

Mandated expenses are driving a majority of the increase, such as health-care insurance, retirement costs and union contracts, she said.

The budget officer provided each member with information packets of department-head requests.

Town Supervisor Howard Maneely said he identified nearly $500,000 in reductions during his initial review of the budget.

“I can recommend cutting $481,500 off the top,” he said, although he did not specify what the reductions would be.

Text Only | Photo Reprints
Local News

North Country Scenes


Click on photo to view gallery with latest photos

FYI...