GOUVERNEUR The proposed budget for the village raises the tax levy minimally and keeps the tax rate the same while increasing water and sewer rates to help pay for improvement projects.
The village Board of Trustees will have a budget hearing at 6 p.m. today in the municipal building.
There will be no new hires at this time and no layoffs, Mayor Ronald P. McDougall said. We plan on providing the same services; no cut in services.
The proposed $5.4 million budget will climb 5.3 percent from $5.1 million. But the amount to be raised by taxes will increase $11,575.85, from $1,313,606.43 to $1,325,182.28, a hike of less than 1 percent.
The tax rate will remain $12.30 per $1,000 of assessed valuation, the same rate since 2008.
The village board managed to keep the levy stable primarily because assessed value went up $941,126, from $107 million in 2013 to $108 million. The board also plans to use $68,000 of a $1,055,000 fund balance to keep the tax rate the same, Mr. McDougall said.
The fund balance was $988,000 at the end of May 2012 and $1,123,000 at the end of May 2013.
The water rate was projected to increase $38 per year for a typical residential user to cover the cost over 20 years of a $2.5 million rehabilitation project at the water filtration plant. However, the board is suggesting an annual increase in both water and sewer rates of $10.40.
Thats all we wanted to do at this time, Mr. McDougall said.
That would bring the rate for both water and sewer service for the average residential user from $77.40 per quarter to $80 per quarter.