POTSDAM – The Potsdam town budget for 2027 is still being fine-tuned.
Town board members opted at their meeting Nov. 5 to delay passing the final budget to allow more time to continue to work …
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POTSDAM – The Potsdam town budget for 2027 is still being fine-tuned.
Town board members opted at their meeting Nov. 5 to delay passing the final budget to allow more time to continue to work out the numbers.
The board agreed to meet on Nov. 17 at 3:30 p.m. in the town offices for another, and probably last budget work session for the 2027 fiscal plan. Town council members are expected to pass the budget at that time.
Potsdam, like most towns in New York, has until Nov. 20 to pass a final budget for the coming year under state law. If a town ends up not passing a budget by Nov. 20, then the preliminary budget for the coming year becomes the final budget.
Town Council Member Pat Brady said during discussion on the budget at the Nov. 5 meeting that the board still needed to look at the numbers.
“I think we still need to work on the general fund,” Brady said.
“I think the general fund is the general fund, but there are some other things I want to look at. One is the rates with the water/sewer,” said Town Supervisor Marty Miller.
The board discussed the water and sewer rates and how a new hire for the water plant should be paid in the coming year’s budget.
Other discussion by board members centered on reimbursement money expected in the coming year and how that should be accounted for.
The preliminary 2027 budget the town board is working from currently increases the tax levy by more than $120,000 for the general fund and hikes the overall rate by 20 cents per $1,000 of assessed value.
The total tax rate expected for town residents at large, which covers the budgets for the general fund, highway DA, town outside, highway DB, and fire districts, is expected to be $2.82 per $1,000 of assessed value.
That number is a 20 cent increase from $2.62 per $1,000 in 2026.
Under the preliminary tax rate for 2027, a resident with a $100,000 assessment on their property can expect to pay $282.32 in taxes. This is an increase from $262.10 in 2026.
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