Public hearing on 2017 budget to be held Nov. 3
The Town Board has scheduled a Nov. 3 public hearing on the town’s proposed $11.3 million budget for 2017.
The budget would increase spending by 0.57 percent over the 2016 level and the property tax levy by 0.93 percent.
Town Supervisor James Quigley said the plan to hold the hearing later this month was changed so the board could have more time to go through the spending plan.
“They just felt like they wanted to review it a little more,” he said Thursday. “There are a lot of things in this budget to prepare us for next year.”
The budget includes money for possible tax refunds resulting from lawsuits challenging property tax assessments.
“I’ve got a $300,000 judgement claims line item in the expense section of the general fund,” Quigley said. “It’s a provision for when we make a refund.”
There also is an additional $50,000 in the budget for the assessor to use for new tax assessment challenges.
The largest assessment challenge is coming from owner of Hudson Valley Mall.
“We’re probably going to end up in court sometime next year,” Quigley said. “They are [assessed at] $66 million, and the current lawsuit says they want it at $8.6 [million].”
Quigley noted, though, that assessments have been rising for other properties in the town and that there are two new hotels that will add to the tax base.
During the past year, the TechCity business park won assessment reductions for 22 of its parcels. The combined drop was about 36.3 percent.
The town budget calls for the town judges, highway superintendent and clerk to each get pay raises of about 2 percent. The supervisor and the Town Board members would have their salaries remain at current levels.