The village of Skaneateles Board of Trustees voted to adopt its 2013 to 2014 operating budget at its April 24 meeting.
The total budget for the village’s next fiscal year, starting June 1, will be $2,815,688 a 5.43 percent increase from the previous year.
The property tax levy will be $1,472,389, a 2.16 percent increase from the previous year. This increase is accounted for by an about one percent increase in assessment values for the village and a one percent increase in the tax rate.
Under this budget, property owners in the village will pay $3.58 in property taxes per $1,000 of assessed value, a $0.03 increase from the previous rate. For a house in the village assessed at $300,000, the property tax owed to the village will be $1,074, up from $1,065 for this year.
Mayor Marty Hubbard said that the village had to implement the tax increase because of rising costs that were out of their control.
“The village is faced with rising pension costs and rising healthcare costs, and we still feel the need to have a tax adjustment to reflect that. While we are holding the line, they are just costs that have to be recognized,” Hubbard said.
Employee benefits saw a 4.83 percent increase in the budget from $447,247 to $468,882.
The board held a public hearing on the budget at the start of the meeting, though no residents came to express concerns.
Eric Sell, Chief of the Skaneateleles Fire Department spoke during the hearing to express gratitude for the village working with the fire department to work in funding for new state-mandated costs and other increases in expenses.
Hubbard said that the village is on pace to finish this fiscal year “in the black” for the second straight year. This means the village has stayed within its budget and has not had to use any of its appropriated fund balance, or reserve money.