RHINEBECK – Spending, along with the amount to be raised by property taxes, would rise under a proposed 2008-09 village budget.
As a result of a 9.7 percent increase in the assessed value of village properties, however, the village’s tax rate would decrease.
A proposed budget unveiled this week calls for $2.1 million in spending, up $162,457, or 8.4 percent, over the current $1.9 million budget.
The property tax levy – the amount to be raised by taxes – would rise to $1,414,577, from $1,251,020, a $163,557 or 13 percent increase.
The property tax rate for village residents would be $3.32 per $1,000 of assessed property value, down 2.4 percent from the current tax rate of $3.40 per $1,000 of assessed property value.
“Basically, my general feeling is that it’s a fair budget,” said Deputy Mayor James Reardon. “Our costs continue to rise just like everyone else. The whole economy is being affected by this oil thing.”
The biggest increases in spending can be found in the municipal building budget, which is up 27 percent, or $15,574 over the current $56,526 budgeted for upkeep of the municipal building. Driving that increase is a $10,473 increase in the line for repairs.
Spending is also up significantly for the village’s police and fire departments, but decreases in spending can be found in the justice, attorney, central garage and clerk/treasurer budgets.
A public hearing on the proposed budget will be held at 6:15 p.m. tonight, April 24.