Press-Republican

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November 3, 2013

Malone budget hearing Monday

MALONE — A public hearing is set for Monday on the 2014 Town of Malone budget, which carries a 7.25 percent tax-levy increase.

The hearing will be held at 6 p.m. at the Malone Dufort Airport and is preceded and followed by public hearings concerning water rates and the annual contract with Malone Callfiremen.

WATER HEARINGS

Comments will be taken at 5:30 p.m. on the west-side Water District will be taken at 5:30 p.m. — each of the 307.5 equivalent-dwelling units in that district will be billed $107.21, a decrease of $2.39 from this year.

Comments on the east-side Water District will be heard at 5:45 p.m. The Town Council has set the cost for each of the 158 equivalent-dwelling units in that district at $153.97, an increase of $19.54 from this year.

TOWN BUDGET HEARING

The budget public hearing is set for 6 p.m.

The overall budget is $3,572,234, an increase of 5.75 percent, and the amount to be raised by taxes is $2,778,045, an increase of 7.25 percent, according to Budget Officer Andrea Stewart.

The Town Council adopted a resolution last month to override the state-mandated 2 percent property-tax cap.

The tentative budget called for a tax-levy increase of 36.8 percent, but the Town Council cut more than $600,000 — including all equipment requests — and still ended up surpassing the tax cap by $34,073.

“Our backs were up against the wall, and we did the best we could,” said Town Supervisor Howard Maneely.

The tax rate per $1,000 of assessed property value for a property inside the Village of Malone is $4.40, an increase of 10.83 percent, or 43 cents per $1,000.

The tax rate per $1,000 for a property outside the village is $8.61, an increase of 5.9 percent, or 48 cents per $1,000.

A property inside the village assessed at $100,000 would see a tax increase of about $43 in 2014, and a property of the same assessment outside the village would see a hike of about $48 in 2014, Stewart said.

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