Ticonderoga Ticonderoga has adopted a $5.5 million town budget for 2013 that meets the state’s 2 percent tax cap.
The 2013 spending plan totals $5,573,865. That’s a $422,553 increase — 8.2 percent — from the current budget of $5,151,312.
The tax levy in the 2013 budget is $4,282,090. That’s an increase of $117,248 from the present tax levy of $4,164,842. That’s a 2.8 percent tax hike, although it meets the state’s 2 percent tax cap when exemptions are removed.
The 2013 tax rate is estimated to be $8.07 per $1,000 of assessed value in the Ticonderoga Fire District, up 41 cents, and $8.39 in the Chilson Fire District, a 42-cent increase.
“I’m satisfied,” Supervisor Deb Malaney said of the budget. “Our fixed costs have gone up 10 percent or more — health insurance, retirement, fuel — and we were able to come in under the cap.”
The town is using $78,000 in fund balance to meet the tax cap.
That’s a concern for Malaney.
“We have to keep using fund balance (to meet the tax cap),” Malaney said. “When the fund balance is gone people will have to make some difficult choices. We’ll have to either reduce services to people or raise taxes.”
The largest spending increases in 2013 will be in the town highway department and in building maintenance.
Highway spending will go from $1,653,799 to $1,785,618 in 2013, an increase of $131,819. The increase is attributed to higher asphalt costs, rental of paving equipment and line striping of roads. The department will also purchase a new the truck and other equipment.
Building maintenance spending will go from $191,720 this year to $295,0993 in 2013 to cover repairs, fuel costs and improvements.
“We need to focus on our historic buildings and facilities,” Malaney said. “We’ve created a reserve fund for upkeep and much-needed repairs.”