Holley tries to reduce rising village tax rate
HOLLEY – Village Trustees have approved a $1.18 million General Fund tentative budget for 2015-16. That includes a tax rate of $15.38 per $1,000 of assessed property.
No one spoke during a public hearing held before the vote on Tuesday evening.
The tentative plan includes $816,203 to be raised by taxes and a Police Department budget of $262,992. The Water Fund appropriation is $409,271, and the Sewer Fund appropriation is $173,587.
“It’s still a budget we’re working on,” Mayor John Kenney explained, noting the tentative plan is not the final budget, and that from this point forward, the tax levy cannot go up but only be decreased.
He said village leaders and department supervisors have been using “creative thoughts” to get the budget to where it is now.
Village Clerk/Treasurer Sarah Trowbridge says trustees must adopt a new budget by May 1 and will continue to meet to work on the plan. They have scheduled their next meeting for 9 a.m. on Saturday to work on the budget.
Trowbridge says trustees plan to make cuts to the tentative budget that would reduce the final tax rate. The tax rate in the 2014-15 budget was $13.93 per $1,000 of assessed property.