Endicott Trustees discuss 2018-19 Tentative BudgetPosted: Updated:
Village of Endicott Board of Trustees met with the public Tuesday afternoon, to discuss a set of agendas, including the 2018-19 tentative budget.
Still in the phase before proposal to Endicott Mayor, John Bertoni, the tentative budget has trustees focusing on ways to ease the burden of an expected tax-rate increase for residents in the Village. As it stands, taxpayers in Endicott could see a tax levy increase of 4.02%, equaling out to nearly $327,000 to be picked up from the citizens.
But board members said they are still in the early stages of working on a budget proposal, and expect to cut the tax increase to around 2%.
Endicott Deputy Mayor and board trustee, Eileen Konecny, said the rising rates of health insurance and retirement have put the Village in a tough spot. Aiming to save money for Village of Endicott residents while maintaining a viable local economy is what the board said they are focused on, but expecting lowered tax-rates "in this day and age...is not reasonable," said Eileen Konecny.
"We're going to keep working on [the budget], and I'm confident the board will get it done," said Konecny.
According to Village of Endicott Treasurer, Anthony Bates, budgeting out a fair proposal for taxpayers while still fulfilling obligations to the Village by weighing out tax levies is nothing new. The 2-3 month long budgeting process is a general rough estimate, said Bates, but nearing the end of April...steps have to be made to formally adopt a budget for the NY State Comptroller and keep the tax cap low.
"The tax cap this year is just over 2.3%. We are going to be either that, or lower, is what our goal is," said Anthony Bates.
Stay with Fox 40, your source for local news, for more on this story as it develops.