Taxes and Fees 2010 tentative Lancaster Budget By Lee Chowaniec Oct 7, 2009, 16:04 Email this article  Printer friendly page When asked by a resident at the recent Lancaster Town Board on the status of the budget, Supervisor Robert Giza stated that the budget is at the Town Clerk’s office and open for review. Supervisor Giza declared that a lot of work had gone into the budget to get it were it now stands considering the state of the economy. He added that no job cuts or cuts to provide service will take place. As it is now proposed, the Town of Lancaster would see a 2.97% tax increase, the Village of Lancaster a 2.78% increase and the Village of Depew a 0.41% tax increase. Town residents would see a $28.19 dollar increase on property assessed at $100,000; the Village of Lancaster $16.19 per hundred thousand of assessed valuation and the Village of Depew only $1 per hundred thousand of assessed valuation. Depew’s rate increase is so small because it is only impacted by the Highway Bridge Fund and Town Wide General Fund portions which seen minimal activity. The Budget by the Numbers Budget spending increased by 1.8%; $28.2 million in 2010 vs. $27.7 million in 2009. Estimated Revenues – (-4.95 % decrease; $402,000) Appropriated from Fund Balance (Reserves) - $1.69 million Amount to be Raised by Taxation - $18.68 million ($18.12 million in 2009). Taxable Valuations: $2,322,399,271 in 2010; $2,304,653,548 in 2009. Townwide General Fund – 1.9% increase Town Outside Villages General Fund – 0.15% increase. Police Fund – 3.75% increase ($305,499). Highway Fund Townwide – (-1.2% decrease) Highway Fund Town Outside Villages – 1.4% increase. Budget Impacts Total Employee Benefits increased by $502,902; of that amount, contributions to the NYS Retirement Fund increased by $343,000. Police do not pay anything into the retirement system. The remaining town employees pay 3% for the first ten years. Workman’s Compensation Insurance premium increases contributed to the overall benefit increase. Predicted Sales Tax Receipts revenues decreased by $330,000. Mortgage Tax Revenues down by $100,000. Interest on Town deposits down from $300,125 to $71,340 (- $228,785). All Town employees receive salary increases ranging from 2% - 3%. Longevity pay remains in place – step increases that add to salary compensation. No cut in proposed overtime; increased in highway department. No job cuts, no lost services. No town employee pays toward health care (includes dental and vision). Town employees and full-time elected official receive $6,600 stipends for not taking town provided health insurance coverage when having outside source for coverage. $1.69 million from Fund Balances appropriated for the budget. $2.6 million of reserves remain. Comments Again, this is the tentative budget which will further undergo town and public (Public Hearing) scrutiny. Considering the above (small portion of the budget), is it a fair budget? Could it be decreased? How? Make your vice heard at the public hearing when it is scheduled. © Copyright 2009 by Speakupwny.com - hosted by Online Media, Inc Top of Page

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