Holley village budget raises taxes by 5.5 percent

By Tom Rivers, Editor Posted 7 May 2024 at 11:07 am

HOLLEY – The Village Board approved a budget on April 30 that increases taxes by 5.5 percent, an amount needed for the village to keep up with services and not keep projects on the back burner, Mayor Mark Bower said.

Mark Bower

The board considered three options for the budget, a tax increase of 5 percent, 5.5 percent or 7 percent.

Bower and the board felt the 7 percent was too much of a burden on the village taxpayers. It went with the 5.5 percent so the village could maintain services and not put things off.

“We didn’t want to impose such a high increase on village residents,” Bower said. “But we have to get back to maintaining our village streets and village-owned properties.”

The $2,509,431 total village budget includes a general fund of $1,673,609, water fund of $554,226, and sewer fund at $281,596.

The village will be collecting $1,078,527 in property taxes, up 5.5 percent from the $1,022,300 in 2023-24.

The tax rate will increase by 3.56 percent from $17.26 to $17.87 per $1,000 of assessed property.

The village saw about $1 million in growth in its tax base, from $59,238,365 to $60,350,244. The community hasn’t gone through a full reassessment like other villages in Orleans County either last year or this year.