Written by Marilou Giammona: firstname.lastname@example.org 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, 24 April 2014 08:59
Hempstead Town Supervisor Kate Murray and the town board recently presented 12 awards to outstanding residents at the 18th annual “Make a Difference” Awards Ceremony. The ceremony highlighted local heroes, including those who make a difference in the lives of others on an everyday basis, such as Kathryn Tuffy of Bellerose Village.
For Tuffy, helping children who are at-risk or in-need is not only her career; she has made it her life’s quest. “Kate”, as her friends and family call her, spends her days working with children and their families as a behavior analyst. When she is off the clock, Tuffy takes her passion for helping children above and beyond the call of duty.
Thursday, 24 April 2014 00:00
Floral Park Fire Chief Lou D’Amore was officially relieved from service at the Floral Park Board of Trustees meeting on Tuesday night. After four years of service as Village Fire Chief, D’Amore gave up his title to incoming chief Dan Bennett, who moves up from the assistant chief position. D’Amore will continue to serve as a member of the department.