Saranac Lake stays under tax cap with new budget

Saranac Lake Board of Trustees

Saranac Lake Board of Trustees Photo by Andy Flynn.

As Saranac Lake Village Board members unanimously approved their 2012-13 budget April 23 — staying within the state-mandated 2 percent tax cap — they began planning for next year’s budget with the proposed creation of a village Finance Committee.

The general fund expenditures for 2012-13 will total $4,865,630, with a tex levy of $3,418,034, an increase of 1.99 percent.

While the Village Board was poised to give itself permission to exceed the state’s maximum tax levy increase of 2 percent, they didn’t need to do so.

Mayor Clyde Rabideau said at the April 20 budget hearing that it’s becoming increasingly difficult to balance the budget every year, especially with mandates coming from Albany.

“It’s a daunting task to stay sustainable in the years ahead, but our governor is putting the onus upon everyone in local government to do just that,” Rabideau said. “And if the state can lay off the mandates, give us a little bit of flexibility and we get creative, we hope to do it. It’s our job to find out ways to do it, but I would have to say to everybody in the village, and people that own property in the village, that the level of service might have to change.”

The Water expenditures will be $1,642,769, with a user revenue increase of $357,713 or 29 percent. The Sewer expenditures will be $2,169,146, with a user revenue increase of $54,838 or 2.72 percent.

The budget totals $8,677,545, including the general fund, Water and Sewer.

The tax rate for village property owners will increase by 3.18 percent. The village tax rate will be $11.09 per $1,000 assessed, up from $10.75 (an increase of $0.34).

The increase will be $20.52 for a property assessed at $60,000; $34.21 for a property assessed at $100,000; and $47.89 for a property assessed at $140,000.

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