MASSENA -- The Village of Massena will hold a public hearing on Tuesday night for its proposed 2015-2016 budget that calls for a 5.9 percent tax levy increase. The hearing will be at 5:30 p.m. at the …
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MASSENA -- The Village of Massena will hold a public hearing on Tuesday night for its proposed 2015-2016 budget that calls for a 5.9 percent tax levy increase.
The hearing will be at 5:30 p.m. at the Town Hall in the second floor boardroom.
The tax rate in Mayor Tim Currier’s initial budget proposal is about $16 per $1,000 of assessed value. That means the owner of a $50,000 home would be taxed about $800 and the owner of a $100,000 property would owe about $1,600.
Last year’s rate was about $15 per $1,000.
Property taxes this year would bring in $5,761,787. Last year, they garnered $5,440,422.
To get the tax levy increase to zero percent, the village would have to cut $321,364.
The proposition calls for $9,297,496 in general fund spending, a $405,608 hike, or 4.6 percent. Last year’s tab was $8,891,888.
The proposed budget would raise personal services, which includes salaries, to $3753,238 from last year’s tally of $3,594,173. That’s an increase of 4.4 percent, or $159,065.
The equipment and capital fund is getting a 108 percent increase, from $61,227 last year to $127,668 this year.
Contractual expenses will cost the village $1,984,331, or a total of $60,444 more than last year. That equates to 3.1 percent. The mayor and trustees will not get raises.
Employee benefits are taking a 2.1 percent jump to $3,136,048 from $3,072,021.
The village will owe $258,211 in debt service, up 24.1 percent from last year’s $208,080.
Transfers to other funds will add $38,000 overall spending, a 16.9 percent increase from last year’s $32,500.