Village of Great Neck Mayor Ralph Kreitzman and the Board of Trustees announced a decrease in village taxes for the 2009-2010 fiscal year. The budget, unanimously passed at the budget hearing on April 7, includes a 2 percent decrease in general taxes.
The Village of Great Neck's board of trustees voted a tax decease. Pictured (l. to r.): trustees Jeffrey Bass and Mark Birnbaum, Mayor Ralph Kreitzman, Deputy Mayor Mitchell Beckerman, and Trustee Edna Guilor-Siegel.
"The decrease reflects our commitment to saving our taxpayers money and demonstrates the village's commitment to strong and prudent fiscal policies," said Mayor Kreitzman. "Even with this decrease, we will not be reducing village services, in stark contrast to the substantial increases in taxes and reductions in services we are seeing at the state and county levels."
Although the Long Island cost of living increased by 4.3 percent last year, the village will be decreasing taxes by 2 percent. This results from a 2.1 percent decrease in a general fund and a sewer fund decrease of 1.7 percent. The estimated budget expenditures for the upcoming year totals $10,288,000, broken down into the general fund of $7,751,000 and the sewer fund of $2,537,000. Due to a decrease in the village real property tax assessments, this results in a 1 percent decrease in the tax rate for village property owners.
Mayor Kreitzman and the Board of Trustees recognized their dedicated village employees, who, they stated, are responsible for the "excellent village services." In receiving only a 1 percent salary increase next year, the village employees are helping the village hold the line on taxes.
"We continue to make responsible decisions and choices to maintain fiscal integrity for decades to come. We were able to control costs while continuing to provide funding for crucial capital improvements," added Deputy Mayor Mitch Beckerman.
The village has a long-term capital plan, including a 30-year program to rebuild or resurface every road in the village. This year, $1.7 million was spent on road reconstruction. And $1.6 million has been budgeted for roads next year and the necessary preliminary work already has begun.
Earlier this year, the village announced that the Insurance Services Office, Inc. (ISO) released a revised insurance rating report upgrading the village's rating, saving residents insurance premiums.