Tompkins County Administrator Releases 2013 Budget With 3.5% Tax Hike
Tompkins County property owners would see their taxes go up just under 3.5 percent next year under the county administrator’s recommended 2013 budget.
Tompkins County Administrator Joe Mareane pointed to mandated spending and the recession as actors in the increased budget.
Mareane’s budget calls for nearly 165 million in spending next year, which is a less than 1 percent increase in spending over the current year.
If legislators approve the tax increase it would be the smallest property tax increase in the last 15 years.
The average Tompkins County home, assessed at $160,000 would see it’s county tax bill rise by $18, from $1,067 to $1,085 a year.
The county’s tax levy, which is the portion of the budget collected from property owners has steadily climber overt the last decade.
In 2004, the county collected $31.6 million in property taxes. The proposed 2013 levy is $43.6 million, that’s over 40 percent more than it was in 2004.
The County Budget Committee will meet on September 11th and begins it review and recommendations of the administrator’s budget. Here in Cortland County Administrator Martin Murphy’s budget isn’t expected to land on lawmakers desk’s until sometime in October.