SL sidewalk bond could weigh heavily on future budgets

Mayor Clyde Rabideau countered that entering into the bond agreement doesn't necessarily translate to an automatic annual tax increase.

"The so-called 4 percent every year is not exactly correct," he said. "The initial year may be up to 4 percent if nothing else is cut and we don't increase other revenues. It is a fixed cost that will happen every year - does that equate to 4 percent of the tax levy? Not necessarily. Nor does it relate to a 4 percent increase to the tax rate. [Those are] two different things."

Rabideau also notes that it's been a "generation" since the village put a dime into sidewalks.

"And it shows," he said. "Will we have to bite the bullet to do it? Yes. These things have been gone over many times. Vote your conscious, and we'll go from there."

Trustee Jeff Branch voted for the measure, but wondered how a potential 4 percent increase would be affected by the new property tax cap.

Ellis says lawmakers in Albany are considering an amendment that would exclude debt service from the legislation. He also notes the village is in "excellent financial standing."

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