Liverpool’s proposed 2014-15 budget would hold property tax rate at $12.25 per thousand; public hearing set for April 14

— Liverpool Village Clerk Mary Ellen Sims has presented a tentative 2014-15 budget of $2,437,648 to the Board of Trustees on March 17. That figure is $120,000 higher than this year’s budget of $2,306,565, but Sims said the tax rate should remain flat at $12.25 per $1,000 of valuation.

“That’s the same rate we’ve had for the past two years,” she said.

Since taxes rose in 2011-12 after Onondaga County rescinded its longtime sale-tax revenue sharing program, village taxes have remained stable. Last year and the year before, a home assessed at $100,000 received a village tax bill of $1,225. All properties in the village are also assessed a $150-per-unit sewer rent charge.

Village residents and property owners are invited to comment on the proposed budget at a public hearing at 7 p.m. April 14, at the Village Hall, 310 Sycamore St.

At the Village of Liverpool Board of Trustees meeting, Sims reported that the proposed budget carried a $69,333 deficit.

“Yes, we were facing a deficit but the next day we [department heads] all reviewed our budgets and made adjustments,” Sims said. “We are now looking at a $26,000 deficit.”

The village will dip into its fund balance for the capital purchase a new $30,000 police car, Sims said. The Department of Public Works will replace its backhoe by leasing a new one at an annual cost of $11,000.

The 2014-15 proposal calls for a general fund budget of $2,229,997.62 and a sewer fund budget of $207,650, making the total budget $2,437,647.62.

The annual budget pays for village departments of public works, police, village court, clerks, codes enforcement and the operation of the Village Hall.

In 1998, the village implemented a rolling five-year forecast regarding its budget. Used as a budgeting tool, the forecast helps the board anticipate future expenses.

Vote on this Story by clicking on the Icon


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

Sign in to comment