2023-2024 Village Budget

View the 2023-2024 Budget HERE

Budget Summary

The property tax rate falls from $3.10 to $2.77 per 1000 assessed value.

In addition to conservative budgeting, assessed value for the village increased by $84.5 mil.

GENERAL FUND-

Expenses:

Salaries have been calculated with a 2% increase. Union contract is up for renewal 12/31/23.

Non-Union employees will be under the direction of the Mayor and Board of Trustees. Overtime for

the Highway department was evaluated. Major increases were to insurances (General Liability and Health) and utilities.

Project funding in the budget includes:

Revenues:

25 MPH speed limit throughout village $ 15,500

Public use Porta-potty $ 6,000

Update 1993 Comprehensive Plan ( incl. Safe Routes $ 60,000

Asher Dam- Inspection & Repair $ 67,000

Added lease/Purchase for Police, Highway trucks $ 30,500

Added lease/Purchase for new Wheel Loader $ 17,559

Compost Facility- supplies (most from Capital) $ 3,600

Flex Tech- HVAC Village Hall Study $ 21,700

Revenue from interest has been increased due to the increase in the interest rate forecast.

Interest & Earnings $ 25,000

NYCLASS Lead participant $ 9,000

YS Sales Tax $ 37,197

WATER-

The Water Fund balanced at $1,044,497, up 1% from last year. No rate increase is indicated.

Salaries have been calculated with a 2% increase. Union contract is up for renewal 12/31/23. This

budget includes increases to utilities, insurances, a new vehicle and turbidity meters.

A Water Plant Upgrade is underway funded by a grant from NYSEFC and low interest bonds.

SEWER-

The Sewer Fund balanced at $765,150, Down $52,895. No rate increase is indicated. Salaries have

been calculated with a 2% increase. Union contract is up for renewal 12/31/23.

This budget removes an anticipated additional employee and increases utilities, to insurances, a

new influent pump and Equipment.

All funds have balanced their budgets without allocating Fund Balance.