Homer Village Board Adopts $3.3 Million 2013 Budget, Reduces Spending From 2012
Village of Homer taxpayers will see a slight increase in their village taxes this year; the tax rate is going up one cent.
Village trustees held a public hearing on the $3.3 million dollar budget last night, only one person spoke.
Joann Dukelow questioned why the budget did seem to include increased property tax revenue from the recently renovated Express Mart on Route 281. Mayor Genevieve Suits explained that properties updated assessment would not take effect this budget year and any additional sales tax generated from the expanded store would be lost to the county as part of the new sales tax sharing agreement.
The budget decreases spending over the current year by $400 thousand dollars, Suits says that’s because the village will buy less equipment in 2013.
The budget also uses less unexpended fund balance, last year the village used nearly half a million dollars in fund balance, this year the budget calls for the use of $60 thousand dollars in fund balance.
Among the factors driving the increase in spending, a $40 thousand dollar increase in retirement contributions and a five percent increase in employee health insurance costs.
Suits says the goal when preparing the new budget was to maintain Village services and infrastructure without further burdening property owners, many of which are senior citizens on fixed incomes.
Following last night’s public hearing trustees unanimously passed the budget, the new village tax rate will be $8.34 per thousand of assesed value, up from $8.33.