Sag Harbor to Adopt $8 Mil Plan

Posted on 06 April 2012

By Kathryn G. Menu


The Village of Sag Harbor is poised to adopt an $8,056,311 budget for the 2012-2013 fiscal year. If a public hearing held last Friday is any indication, no one is protesting the 2.78-percent increase in spending.

Under New York State’s mandated two-percent tax cap, the village is allowed to raise its levy — the amount of money raised through property taxes to fund the budget — by 2.7-percent.

Due to an expected increase in revenues of $300,000 for 2012-2013, mostly from anticipated increases in mortgage tax revenues, dock rentals and justice court related fees, this budget would result in a 1.4-percent tax levy increase.

Based on assessed values of homes in Sag Harbor Village, the general fund budget will result in a tax increase of one percent. For a home in the village with an estimated value of $795,000, this would result in a tax bill of $2,175.80, a $21.55 increase over a tax bill received in 2011-2012.

Following the budget presentation on Friday, no one spoke against the proposed spending plan or the village’s proposed sewer budget, which has remained steady at $506,224.

While the village has managed to keep the general fund budget under the two-percent cap, several projects including the remediation of Havens Beach, the restoration and possible reconstruction of the Municipal Building and a bulkhead at West Water Street are not included in the spending plan. According to Sag Harbor Mayor Brian Gilbride, those projects will likely be funded through the use of the village’s reserve account, which currently holds $2.1 million.

Also absent from the budget is any increase in pay for officers in the Sag Harbor Village Police Department, which is in the midst of a contract negotiation that has been ongoing for the last year. An increase in pay in the 2011-2012 spending plan was also not budgeted for.

That contract negotiation has entered mediation. The next meeting between the village, the mediator and the Sag Harbor Police Benevolent Association is scheduled for June.

On Friday, Mayor Gilbride did not expect the budget would change before the board adopts the spending plan, during its Tuesday, April 10 meeting at 6 p.m.

Be Sociable, Share!

This post was written by:

- who has written 2444 posts on The Sag Harbor Express.


Contact the author

Leave a Reply

Comments are the sole responsibility of the person posting them. You agree not to post comments that are off-topic, defamatory, obscene, abusive, threatening or an invasion of privacy. Violators may be banned. Terms of Service

Follow The Express…


Pictures of the Week - See all photos