MADRID Town taxes will go up by 3 percent next year, according to a proposed $1,627,602 budget for 2014.
Town Supervisor Joseph A. Finnegan said a contract settlement setting wage increases for highway department workers and several very, very minor line item increases were factors.
The 2013 budget is a $1,519,581 package with tax rates of $11.87 per $1,000 of assessed value for the hamlet and $9.70 per $1,000 for the town.
For the second consecutive year, the town surpassed the state-imposed 2 percent hike cap in property taxes, which the town board voted to override.
It couldnt be avoided, Mr. Finnegan said Friday.
It was all we could do, he said.
The town will raise $$887,727 from taxes in 2014, an increase from this years $845,501.
In other budget highlights:
n Madrid Hepburn Library will receive $66,474, a $9,451 increase over its $57,023 allocation from this year.
n The Madrid Rescue Squad will get $22,000, which is $2,000 more than it received for this year.
n The Madrid Bluegrass Festival will receive $28,000, a $1,000 increase over its $27,000 from this year.
n There are no job cuts.
n General fund revenues will increase from $413,928 this year to $460,844 in 2014.
n Repairs to the Mill Dam on the Grasse River, stalled this year by water levels swollen by rainfall, will receive $40,000 in town funds. We hope to get it done next year, Mr. Finnegan said.
n Employee benefits including retirement and health insurance will actually decrease from $92,730 this year to $87,600. Mr. Finnegan attributed that to the layoff this year of a highway department employee.
The town board will host a public hearing on the proposed budget for 2014 at its Nov. 6 meeting.