2018-03-29 / Front Page

Babylon Village Budget Hearing Monday

New Spending Plan calls for no tax increase; new initiatives

By Carolyn James

Babylon Village will hold a public hearing on its proposed 2018-19 budget Mon., April 2. The proposal calls for a zero-percent increase in the tax rate, which is expected to remain at $14.93 per $100 of assessed valuation and we under the New York State Tax Cap.

One of the major additions to this year’s budget is a line item for a five-year capital improvement plan.

“That was one of the recommendations of S&P, which gave us a AA bond rating,” said Mayor Ralph Scordino. “And it is something the board wanted to do.

Reductions are shown in line items for finance, -$27,000), shared services (-$4,000), public safety (-$13,000) and employee benefits (-$290,000).

In addition, the Village’s debt service will drop $286,000 over the coming year from $1.2 million to $923,000. Those funds pay for the principal and interest on Village borrowing.

“I want to thank our treasurer Arda Wintjen and her staff as well as all of the department heads and the citizens budget review committee for their hard work,” said Scordino. “This is the fourth year we have no tax increase while continuing to provide the high quality of services Babylon  Village residents demand.”

The board will vote on the budget at its regular meeting Tues., April 10, 8 p.m., Village Hall, 153 W. Main St., Babylon. 

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