By Annette Hinkle
Like many municipalities and districts throughout the state, North Haven Village will be maneuvering through its budget season this year under the specter of New York’s two percent property tax levy cap. The law, which was first enacted by the state last year, limits the amount that municipalities, schools and other local taxing bodies may increase annual budgets, capping the amount of money raised through property taxes at two-percent over the previous year.
And like many municipalities, in order to cover the bases should the village assemble a budget exceeding that two percent limit, on Tuesday, North Haven’s board of trustees passed Local law #1 of 2013 — which gives trustees authority to override the tax levy cap in the adoption of its new budget.
“As we deliberate the budget process if we find we have to exceed the two percent tax cap this local allow allows us to do that,” explained Mayor Laura Nolan. “This year our revenues are down and balances between revenue and expenditures has grown — it’s the same with most villages, towns and municipalities we know of.”
Just because the law has been passed, however, Nolan noted that doesn’t mean it will necessarily be used.
“It’s the same local law as last year — just in case we need it,” added Nolan.
With that in mind, on Tuesday, the Village of North Haven also released its preliminary 2013-2014 budget, which takes effect on June 1. The budget shows total appropriations of $1,348,531 with estimated revenues (other than property taxes) of $211,920. The tentative budget shows that another $363,150 will be secured through the village’s fund balance while $773,461 is expected to be raised through real property tax.
The board’s first workshop on the draft budget is scheduled for 10 a.m. this Friday, March 8. The trustees have also scheduled budget workshops for Tuesday, March 19 and Tuesday, March 26 — both sessions at 3 p.m.
A public hearing on North Haven’s 2013-2014 budget is currently scheduled for Wednesday, April 10 at 5 p.m.