After holding a public hearing last Thursday evening, village officials unanimously approved the $4.104 million budget for 2009-10.
With the total taxable value of village properties, both in Lysander and Van Buren, at $30,864,324, the proposed tax rate for village residents will be $6.12 per $1,000, a decrease from last year's tax rate of $6.36 per $1,000. The 2009-10 tax levy (the amount to be raised through property taxes) is $1.840 million, $13,000 less than last year.
Mayor Joseph Saraceni said the budget includes a downtown redevelopment fund to help move the village square concept forward and a highway repair fund that will be used to rebuild streets in drastic need of heavy repair. Engineer Tim Baker suggested the highway fund after emergency repairs needed to be done to East Oneida Street this summer.