Written by Marilou Giammona: email@example.com Friday, 27 April 2012 00:00
“I think our budget looks good,” said Deputy Mayor Robert Fabio. “We didn’t have to borrow from fund balance, take on additional debt to fund operations, reduce village services or lay off employees to keep the increase at less than 1 percent,” he added. This is in contrast to neighboring villages, which have had to cut overtime for village employees, deny new hires and propose selling off village assets, such as vehicles.
The board expects to close the 2011-12 fiscal year at or ahead of budget and plans to “carefully monitor expenses and to increase nontax revenue, with the overall objective of complying with the new 2 percent tax cap,” village officials said in a prepared budget presentation statement. The 2 percent tax cap is an initiative that was set forth by Governor Andrew Cuomo to provide relief from rising taxes. The legislature approved the tax cap in June 2011 to limit the annual growth of local property taxes to 2 percent or the rate of inflation.
Stewart Manor’s proposed 0.91 percent increase in the real property tax levy maintains an overall decrease since 2010. There was no change in 2010-11 and a 2.08 percent decrease in 2011-12, yielding a 1.17 percent decrease over the three-year period. The 0.91 percent increase will yield $1,443,278.57 in revenue for the village.
As for additional revenues for 2012-13, the proposed budget projects an overall increase of 2.04 percent, with commercial sanitation marking the biggest upward swing at 9.65 percent, or $54,814.00. For the first time in several years, every storefront on Covert Avenue in Stewart Manor is occupied, which, in part, accounts for that increase. Many of the businesses on Covert elect to have the village provide their sanitation services six days a week. The village has imposed a 5 percent increase for commercial sanitation services for 2012-13.
In terms of actual dollars earned, however, revenues from rentals and leases and the Stewart Manor Pool make up bigger pieces of the pie. They are projected to hit $253,305.68 (an 8.15 percent jump) and $199,044.00 (a 7.99 percent rise), respectively. Also forecast to rise is revenue from meters and parking permits: 6.02 percent to yield $88,000.00. Village officials reported that two additional parking meters will be installed on Covert Avenue, between Covert Place and the LIRR – an effort to both increase revenue and deter all-day parking.
Revenues from interest income; building, zoning and business licenses; and court licenses are all forecast to remain flat. Utility and sales taxes and franchise fees from Verizon and Cablevision are forecast to decrease by 1.27 percent (representing $84,805.40 of the proposed budget). State aid will have the biggest negative impact on the budget, dropping 4.67 percent. While the $43,260 of state aid per capita remains the same for this year, mortgage tax revenue has been on a rapid decline for the past seven years, according to a statement released by the village. “While it appeared to be leveling off, we are still noticing declining amounts, so the amount budgeted for this item is $18,000, down $3,000 from last year’s budget,” according to village officials.
Despite that dip, the forecast still looks bright for Stewart Manor. “With a solid fund balance and additional debt being paid off in the coming year, the future remains positive for the village finances,” said Fabio.
Thursday, 30 October 2014 00:00
On Oct. 23, Nassau County District Attorney Kathleen Rice announced the arrest of a Floral Park woman for stealing nearly $700,000 from a longtime employer, as well as more than $10,000 from a new employer, by writing herself checks drawn from company bank accounts.
Deborah Tangredi was arrested and arraigned on Oct. 23 before Nassau District Court Judge Joy Watson on the following charges:
Sunday, 26 October 2014 00:00
For as long as she could remember, Christina Amato-Smith has always wanted to open her own hair salon. The Floral Park native worked at a salon down the road from her home, but it wasn’t until 1994 when Amato-Smith made good on her promise to herself.
“I came to Bethpage to open my business because my clients were here,” said Amato-Smith who now lives in Lindenhurst and has owned Top Cuts for 20 years.While her business has been met with much success, in 2008, Amato-Smith’s personal life was met with a challenge when she was diagnosed with stage three breast cancer. It was this event that prompted Top Cuts to organize a Cut-a-Thon to raise funds and awareness for breast cancer. This year’s event occurs on Saturday, November 1.