For the fourth year in a row, Mooers will stay underneath the tax cap. Supervisor Jeff Menard said taxes are anticipated to drop.
Photo by Teah Dowling
MOOERS — For the fourth year in a row, the town’s 2017 budget will stay underneath the .68 percent tax cap.
Town officials released details of the 2017 tentative budget last week. The spending plan comes in $5,000 under the cap.
The current tax rate is $7.85. Town Supervisor Jeff Menard said the town won’t know what the new tax rate will be until obtaining the county tax rate.
Menard, however, said he anticipates taxes to decrease due to the construction of more houses that will lead to an increase in overall assessed value.
“With the lower tax cap, I thought that we were going to be in trouble,” Menard said. “But the tax rate should drop.”
The cap, enacted in 2011, bars localities and school districts from increasing the total amount of property taxes they collect by no more than 2 percent or the rate of inflation, whichever is lower.
Total appropriations clock in at $2,166,742, an increase of over $36,000 over last year. Revenues also increased by a little over $30,000 from last year up to $835,670.
The town plans on using nearly all of their fund balance to keep the tax rate low, allocating 98 percent of their $236,572 savings, leaving $1,094,500 to be raised by taxes.
Menard said besides a truck purchase of $35,000 for the highway department, there are no other big purchases.
Retirement costs are anticipated to remain the same, while health insurance is going to increase by 9 percent.
Menard said town officials are looking into filling a vacant position in the highway department.
Discussions are currently taking place on raises for town workers.
A public hearing will take place Oct. 26 at 6 p.m. at the town hall. The board will vote on the budget Nov. 15.
For more information or to view the tentative budget, visit mooersny.com.