Saranac Lake Saranac Lake Village Board members continue to work on their proposed 2012-13 spending plan and will hold their annual budget hearing at 5 p.m. Friday, April 20 at the village offices at 39 Main St.
Before village officials began holding budget work sessions this past week, they were faced with a 6.4 percent ($215,868) hike in the tax levy for the general fund. On Monday, April 16, board members held a public hearing on a proposed local law that would override the state’s mandate of a 2 percent maximum tax levy increase. Nobody spoke during the hearing, according to Village Clerk Kareen Tyler. Trustees did not adopt the law Monday and could do it on April 20, Tyler said.
Village Treasurer Paul Ellis has said the budget increase is mainly due to an extra $90,000 in pension costs and a $103,543 annual payment for the million-dollar Rebuild Saranac Lake Bond Issue, which pays for replacing miles of streets and sidewalks.
When initially filed, the tentative budget — general fund — totalled $5,026,435 and the proposed tax levy was $3,567,133. The amount to be raised by taxes was expected to increase by 30 percent for Water and 6 percent for Sewer. Cuts are expected during the ongoing budget work sessions.
Village Board members expect to adopt the 2012-13 budget on Thursday, April 26, but they could do it as early as Monday, April 23, according to the village clerk. They must approve it by May 1.