File photo by Teah Dowling
Town officials are taking every measure possible to keep taxes static for town residents in next year’s spending plan.
PERU — Despite the low tax cap, town officials are taking every measure possible to keep taxes static for town residents in next year’s spending plan.
At .68 percent, the figure is the lowest since the state implemented the policy in 2011.
The cap 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.
“We believe in the tax cap,” said Supervisor Peter Glushko. “We don’t want to see anyone to lose their homes due to the taxes being too high.”
So far, Glushko said the town has done a good job from preventing that of happening by making sure the tax rate is affordable.
Currently, the combined total tax rate is $8.12.
Glushko said the town won’t know the new rates until the board works out all the details in the preliminary budget, including factoring in potential raises for town employees.
Total appropriations are $2,354,739, an increase of about $33,000 over last year due to big purchases, such as the new courthouse.
Revenues also increased by about $40,000 from last year up to $1.4 million due to commercial building projects, including the Dunkin’ Donuts and Rulfs Orchard on Bear Swamp Road.
The town plans on using $125,000 out of its $450,000 fund balance, leaving $913,205 to be raised by taxes.
Glushko said there are no other big purchases or changes.
Retirement costs are anticipated to go down. Glushko didn’t have an exact figure to share at this time.
Health insurance is estimated to increase by 8 percent.
Discussions are currently taking place on what the raise should be for town workers, discussing between .8 to 2 percent.
Glushko said the last time the workers received a raise was last year when each one got an additional .5 percent boost.
A public hearing is going to take place on Nov. 10.
For more information or to view the preliminary budget, visit www.perutown.com.