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Upswing in revenue stabilizes taxes in Lake George

Lake George Village yet again proposes an annual budget with no tax increase despite ever-rising employee benefit expenses.

Lake George Village yet again proposes an annual budget with no tax increase despite ever-rising employee benefit expenses. Photo by Thom Randall.

— The Village has also allocated over $30,000 in its preliminary budget to fight invasive species — and Blais expects that revenue from the lake fest may double that sum. A business marketing study and a sheriff’s office foot patrol are also included in the budget as well.

Mayor Blais credited strong revenues as the major factor in holding the line on property taxes. These major revenues include: sales tax, $525,000; parking meters, $590,000; property rentals, $64,500; and fines, $138,000.

Blais said it was remarkable that well over 50 percent of the budget was supported by outside revenue, paid primarily by visitors.

On the other hand, visitors are offered a variety of free attractions and events, including weekly fireworks during summer, nightly concerts and shows in Shepard Park, Blais said.

“The services necessary to operate a successful resort community are paid for substantially by our visitors,” he said in a prepared statement.

The Village’s water fund, raised separately in quarterly billings to users also shows no increase for 2013-2014 with the proposed expenditures of $864,300, reduced $2,000 from the previous year.

No major capital expenditures are planned for 2013-2014 except the improvements to the water treatment plant. Three new public docks will be installed with grants covering 50 percent of the total cost, estimated to be $170,000.

“Our Village employees continue to cooperate with us on flexible summer hours, saving thousands in overtime costs,” Blais said. “Our departments work together to accomplish major construction projects and our excellent sharing of services with the Town of Lake George all contributed to another great year financially.”

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