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Massapequa Board Of Trustees Approves 2011-2012 Budget

$6.1 Million Document Keeps Spending, Revenue To a Minimum 

As expected, the Village of Massapequa Park Board of Trustees voted, at its April 25 meeting, to approve a $6,165,979 budget for the 2011-2012 fiscal year.

The budget, as with most approved by villages throughout Nassau County, keeps spending and tax rates to razor-thin differences from last year’s budget.

 

 

According to Mayor James Altadonna, the expenditures amount to a miniscule 1.44 percent increase from the 2010-2011 budget. The budget also contains an equally small 1.53 percent decrease in revenues from $5,640,806 in 2010-2011 to $5,554,193 in this year’s budget.

The budget will see decreases in spending in various items, including Buildings, Central Storeroom, Judgments & Claims, Refund of Real Estate Taxes, Traffic Control, Control of Animals, Safety Inspection, Streets Administration, Street Lighting, Celebrations, Adult Recreation, and Storm Sewers.

Budget increases, most of them in slight terms, include such items as Village Justice, Clerk Treasurer, Purchasing, Assessment, Central Date Processing, Unallocated Insurance, Emergency Management, Streets Maintenance, Snow Removal, Parks, Playground & Recreation Centres, Programs For The Aging, Zoning, and Street Cleaning. 

At the same time, several programs—-including Board of Trustees, Mayor, Law, and Engineer offices, plus Election, Municipal Association Dues, Salt Storage Building, and Garage Annex—-will see no changes in expenditures. 

Revenues to be raised by real estate taxes amount to $3,761,762. Estimated revenue from other sources such as fees, fines, state aid, among others, comes to $1,792,431. At the same time, the village’s estimated appropriated cash surplus amounts to $611,786. The tax rate is 9.653 percent.

Other than real estate taxes, the village, more specifically, will seek revenue from the usual sources: State Aid Per Capita ($325,000), Franchises ($290,000), Fines-Forfeited Bail ($200,000), State Aid Mortgage Tax ($175,000), Payments In Lieu of Taxes ($165,000), Permits ($140,000), and Parking Lots & Garages ($90,000).

Prior to its passage, Mayor Altadonna touted the budget as being the result of “a thorough and consistent budget process that the Village has used for many years.”

“This board has been faced with the difficult challenge of providing the lowest possible tax increase to our residents while maintaining the services that they have come to expect,” the mayor continued in his annual budget message. “While we worked to minimize expenses at each budget line, several items in the budget are outside of our control such as pension costs, health insurance, fuel and energy costs, and the economic uncertainty. This year’s budget shows a modest increase of 1.44 percent in expenditures from $6,077,951 to $6,165,979.

“Economic conditions are also affecting our revenue stream with a sharp decline in mortgage tax collection and interest on investments,” Mayor Altadonna noted. “Despite this uncertainty, this budget shows only a slight decrease of 1.53 percent in revenues from $5,640,806 to $5,554,193.

“Utilizing effective management and the Village Board’s conservative fiscal policy, we are proposing a 3 percent increase in our tax rate from 9.372 percent to 9.653 percent,” the mayor continued. “This will increase our tax levy $106,373 from $3,655,389 to $3,761,762. Assuming the average residential assessed valuation of 7,000 this will approximate a $19.68 increase to each homeowner.

“We feel we have developed a budget that will control costs to residents while maintaining the expected high quality of service that makes this community a great place to live, learn, work, play, and stay,” he concluded.