New Potsdam village budget will spend less than one percent more than last year's
POTSDAM -- The Village of Potsdam’s $5.9 million budget plan for 2014-15 will be a half-percent higher in planned spending than last year’s budget.
Village leaders and department heads met Tuesday to complete their proposal, which will be officially presented on April 7.While general fund spending will be up slightly, the tax rate is projected to decrease by 4.6 percent, largely due to many higher property assessments in the latest valuation.
Water and sewer allocations are slated to rise, 2.7 and 4.5 percent respectively. And trash service is set to increase by 9.7 percent.
The "adopted budget" for 2014-15 totals $5,929,905, compared with the previous year's total of $5,902,860.
The official public hearing on the budget will be in the Civic Center April 7 at 6:30 p.m., but the board will not be voting on the plan right after the hearing as is the usual practice. The board has decided to wait until after the town vote on April 10 on creation of a recreation district.
The village trustees will likely wait until their next regular meeting on April 21, said Village Clerk Lori Queor.
The village must adopt a budget by May 1.