The Sag Harbor Village Board of Trustees will meet on Thursday, April 18 at 8 a.m. to adopt a budget for the 2013-2014 fiscal year.
At the last budget public hearing in early April, the village board proposed an $8,263,381 budget for its general fund for the 2013-2014 fiscal year, a 2.57 percent increase of the 2012-2013 adopted budget, which falls below the allowable 4.1 percent spending increase under the state mandated two percent property tax levy cap.
The tax rate under the budget, per $1,000 of assessed value, is set at 2.830, a 3.89 percent increase over last year. Village treasurer Eileen Touhy estimates a house valued at $795,000 in Sag Harbor Village would pay $2,249.85 in village taxes, a 0.0389 increase or $84.27.
One of the more debated aspects of the proposed budget was a plan to cut an officer from the Sag Harbor Village Police Department, which would be in addition to not replacing the position vacated by officer Michael Gigante last year. If the village board moves forward with that plan, it would leave the department with 10 officers and Chief Tom Fabiano – who has staunchly opposed the cuts.