Holley approves village budget with 6.6% tax increase
HOLLEY — The Village Board on Wednesday approved a $1,211,874 budget for 2019-20 in the general fund that increases spending by 6.9 percent or $78,418 from the $1,133,456 in 2018-19.
The village is adding two full-time employees who work in both the Electric Department and Department of Public Works, and also a full-time employee in the Clerk’s Office. All three fill vacant positions that left those departments understaffed, said Mayor Brian Sorochty.
Village property owners will see taxes increases by 6.6 percent, or by $55,101, as the tax levy goes from $832,898 to $887,999. The tax rate is increasing from $15.65 to $16.41 per $1,000 of assessed property. The board voted to override the tax cap with the new budget.
In addition to filling the three vacancies, the village will begin paying an annual lease with Home Leasing for the village office space. Holley will move the village offices to the former Holley High School in early 2020 at an annual lease of about $23,000, the mayor said.
The village will serve as an anchor tenant in the school building, which is being extensively renovated with most of the building being converted into senior apartments.
The village’s tax base dropped slightly with the new budget, going from $54,166,115 in 2018-19 to $54,098,660 in the new fiscal year, which starts June 1.
