Nov 07, 2011 Erin Wisneski Uncategorized
Lysander officials have reduced spending one percent in the proposed 2012 town budget.
The overall proposed budget (for general, part town and highway appropriations) is $4,715,040, which represent a decrease of $923,366 compared to 2011. The proposed tax levy, the amount to be raised by property taxes, is $1,914,128.
A public hearing regarding the budget will be held at 7 p.m. Thursday, Nov. 10, at the town hall, 8220 Loop Road, Radisson. Should the budget be approved, the tax rate for residents within the village will be .6187 or 62 cents per $1,000 of assessed property value, which is the same as last year; residents outside the village will see an increase from 1.323 (2011) to 1.338 (proposed 2012) or $1.338 per $1,000, which is a 1.1 percent increase over last year’s budget. This would equate to a $1.50 increase in taxes for a property assessed at $100,000 outside the village. There would be no change in town taxes for properties within the village.
Major factors affecting the 2012 proposed budget include: a 16 percent average increase in New York state retirement costs (budgeted $209,403 with increase); employee benefit costs (budgeted $443,549 total for current employees and retirees); and road construction projects ($363,350), road maintenance ($175,000), road salt ($176,000) and equipment purchases ($140,000) including a replacement pay loader. The budget includes no increase in pay rates for employees or elected officials.
Lysander’s taxable assessed value is $1,553,908,540, which is an increase of $87,038,001 (InBev accounts for $75,000,000 of increase). To review the entire budget, visit townoflysander.org and click on “Town of Lysander 2012 Preliminary Budget.”