Written by Rich Forestano Tuesday, 14 January 2014 09:22
The New Hyde Park Village Board voted to grant itself power to exceed the state-mandated 2 percent tax cap on Tuesday, Jan. 7.
The plan is to stay within the set limit, however, Mayor Robert Lofaro said it may be tough this year. The village has not exceeded the cap since its inception in 2011.
“We haven’t pierced the cap,” he said. “We hope to not do it this year and we want to put together a responsible budget.”
New Hyde Park wanted the option available so the village does not end up painted into a corner when it comes time to craft a budget. If any village, without the override goes over the cap that village would incur heavy fines.
The tax cap limits the increase in property taxes each year for school districts and local municipalities to 2 percent, or the rate of inflation. If a community chooses to increase taxes more than the tax cap allows, a 60 percent vote on a school budget or a 60 percent
vote by a local legislative body can override it. A local municipality would need to enact the override each year to have the ability to exercise it.
“This is the process that is required,” said Lofaro. “We haven’t had any comments in the last two years so I think we’re doing something right. I find a lot of villages wait to pass their local laws in February and March.”
Budget numbers for the 2014-15 fiscal year are still being finalized. New Hyde Park operated on a $5.85 million budget in 2013-14.
The village could not raise the levy more than about $90,000 last year. The 2013-14 tax levy increase was $81,314.
Village revenues dipped last year to $1,791,955.28, a 2.71 percent decrease. Employee salaries saw a 2.94 percent increase in previous budget. The village’s employee contract is set to expire on May 30.
Last Updated (Monday, 29 November 1999 19:00) Saturday, 19 July 2014 00:00
No matter what, one thing is certain—there’s no better way to spend a sticky summer evening on Long Island than camped out at an exciting outdoor concert.
Dazzling a crowd at Memorial Park on Albert Street in New Hyde Park that just seemed to grow and grow as the evening went on, the talented foursome of Marty G and The G Men pumped out some of the most toe-tappin’ hits of the ‘50s, ‘60s, and ‘70s...plus a few original tunes for good measure, on Wednesday, July 9.
Last Updated (Monday, 29 November 1999 19:00) Friday, 18 July 2014 00:00
The New Hyde Park-Garden City Park School District miscalculated more than $8 million in expenses from 2008-13, creating illusory budget surpluses (about $6.3 million), according to a report by New York State Comptroller Thomas DiNapoli’s office.
The financial report said New Hyde Park transferred money to reserves and appropriated unexpended surplus funds to reduce the district’s tax levy. According to the comptroller’s office, more than $3 million of the district’s fund balance appropriated over the five-year period was not used.
“These practices gave the appearance that the district’s fund balance was within the legal limit when in effect it exceeded the limit each year,” the report stated. “We also found that the district routinely funded its retirement contribution reserve with operating surpluses at year end, instead of funding the reserve through the annual budget process, which would have been more transparent to taxpayers.”
Thursday, 17 July 2014 00:00
Students at Charles Water Karate & Fitness in Williston Park received belt promotions after completing a series of extensive exams.
From New Hyde Park: Jonah Khorrami to brown belt, Isabella Castelli to purple belt.
From Mineola: Alexandra Santos and Kayla Toal to, Kayla Toal yellow belt, Jason DeJesus to Yellow/White Belt.
From Williston Park: Mario Lombardo to red belt, Daniel Melore to blue belt, Grayson Lee to yellow/white belt.
From Garden City: Alexandra Delgais: to brown belt, Jake Delgais to yellow/white belt.
From Roslyn Heights: Suhani Jain to red belt.
From Uniondale: Isiah McClean to yellow/white belt.
Thursday, 17 July 2014 00:00
Town of North Hempstead Supervisor Judi Bosworth and the Town Board recognized the athletic achievements of three different teams who call North Hempstead their home at its recent. These teams reached incredible heights in their recent competitions, and they exemplify what hard work and perseverance can do.