Quantcast

Manlius Town Board:Tentative budget reviewed for 2008

Numbers played a favorable role in the Sept. 26 Manlius Town Board meeting. Town Supervisor Hank Chapman shared highlights of the 2008 tentative budget with councilors and announced a drop in overall town tax rates for both non-village and village residents.

"I am very pleased with the 2008 tentative budget," Chapman said. "It is still a work in progress, but the numbers look great."

The overall town tax rate for non-village residents is $4.032 per $1,000 assessed value, which is down just under 6 percent from last year. The figure represents $604 to a resident with a $150,000 home.

The overall town tax rate for village residents is $2.995 per $1,000 of assessed value -- down just over 6 percent from last year. This rate represents $449 to a resident with a $150,000 home.

The first cut leaves the rate similar to what it was in 2002 -- $4.038 per $1,000. The latter tax decrease, pertaining to village residents, is even lower than it was five years ago at $3.02 per $1,000.

Chapman said the town board has been working to keep the spending down, not only to keep the taxes low, but also to be sure the town has enough in fund balance to meet the state comptroller's numbers.

At this time, councilors have the chance to make changes to the tentative budget. A preliminary budget will be presented Wednesday Oct. 10 at the next board meeting. From there, the board will hold a public hearing on Wednesday Oct. 24. The final budget can then be adopted the same day or during the following regularly scheduled board meeting on Wednesday Nov. 12.

0
Vote on this Story by clicking on the Icon

Comments

Use the comment form below to begin a discussion about this content.

Sign in to comment