It’s a $7.2 million spending plan
The Village Board has set the public hearing for its 2019-2020 budget for Monday, April 1, at 6:30 p.m. at Village Hall. The hearing will be followed by the board’s annual reorganization meeting, and a regular business meeting.
The tentative budget was presented to the Village Board Monday evening; it’s a $7,248,797 spending plan which projects a tax rate of $10.66 per $1000 of assessed valuation for village residents. In the 2018-19 year the rate was $10.41 per $1000.
There is $3,226,171 to be raised by taxes in the budget.
The total budget in the 2018-19 year was $7,070,568, meaning projected spending in 2019-20 is up just over $178,000
In the tentative budget, the breakdown is: general fund – $5,192,417; water fund – $912,015; and sewer fund – $1,144,365. Taxes aren’t used in funding the water and sewer budgets, those are funded via user fees.
All of the Village Board’s budget workshops are available to watch by following the youtube link on the village’s website, www.hi.ghlandfallsny.org.
The tentative budget, which is under the NYS mandated tax cap, is available for review on the village website (www.highlandfallsny.org).
