2014 Tompkins County Budget Calls for 3.5% Tax Increase
Tompkins County Administrator Joe Mareane has released the tentative 2014 County budget; the $170 million dollar spending plan would increase taxes 3.5% over the current budget.
The proposed budget would increase spending by just under 3%, or about $81 thousand dollars.
The proposed budget if adopted would exceed the state’s property tax cap, back in June Tompkins County lawmakers voted to override the property tax cap for the 2014 budget.
Tompkins County’s property tax levy has increased 74 percent since 2003.
Taxes on a home assessed at $160 thousand dollars would go up $21.
The tentative budget calls for 4 people to be hired next year, and provides additional funds to the County I-D-A. The county recently adopted an increase in its mortgage recording tax that money will go to help fund the TCAT bus system.