BUDGET HEARING 2024-2025
BUDGET HEARING 2024-2025
WAS HELD IN THE BOARD ROOM OF THE MUNICIPAL BUILDING
153 WEST MAIN STREET
BABYLON, NEW YORK
MONDAY, APRIL 1, 2024
PRESENT:
Mayor Mary E. Adams
Trustee Frank Seibert
Trustee Dominic Bencivenga
Trustee Anthony Cardali
Village Attorney Charles J. Casolaro, ESQ
Village Treasurer Andrew Reichel
Village Clerk Jean Marie Parker
Deputy Village Clerk Dawn Dahill
ABESENT:
Trustee KathyAnn Miga
The meeting opened at 7:08 PM.
The Pledge of Allegiance was led by Trustee Cardali.
The Village Clerk read the legal notice:
PLEASE BE ADVISED the Board of Trustees of the Village of Babylon will hold a public hearing on Monday April 1, 2024 at 7:00 P.M. in the Municipal Building, 153 West Main Street, Babylon, New York, to take and hear comments relating to the tentative budget for the fiscal year 2024-2025. Immediately following the Budget Hearing, the Annual Organizational Meeting will be held.
A copy of the tentative budget will be available in the Office of the Village Clerk as of Wednesday March 20, 2024 where it may be inspected by any interested party during the business hours of 9:00 A.M. to 5:00 P.M., Monday through Friday.
The compensation proposed in said budget for the Mayor is $15,000 per year and $7,500 per year for each Trustee.
BY ORDER OF THE BOARD OF TRUSTEES
Jean Marie Parker
VILLAGE CLERK
DATED: March 12, 2024
Babylon, New York 11702
Mayor asked Treasurer Andrew Reichel to the podium to discuss budget.
Treasurer Andrew Reichel explained the budget preparation process culminating in the proposed budget presented to the Village Clerk on March 20.
The proposed budget for 2024/25 is $13,141,971, which is an increase of $855,953 or 6.97% from 2023/2024. The proposed tax rate is 17.20 percent (current tax rate is 16.20 percent.). The 2024/2025 proposed budget does pierce the tax cap. The NYS Tax Cap calculation for the Village for the 2024/25 fiscal year allows for a 3.10% increase in the tax levy or $227k. The tax rate increase is 6.86 percent increase, $1 per 100 of assessed value.
For an assessed value of: the increase would be:
7,500 $ 75.00
15,000 $150.00
In total, the budget increases approximately $856,000 budget to budget. The main increases in the budget have to do with property/liability insurance, health insurance for staff, salary increases for our non-contractual staff, replacement of old outdated equipment and general increases in costs in general. To help offset this increase, the Village is looking to increase taxes and increasing some of the fees for building permits and golf course fees.
The Mayor and the Board thanked the Treasurer & Budget Committee for all their hard work in creating a budget. The mayor agreed that it is time to make necessary changes to the budget to keep up with the rising costs and to maintain vehicles and equipment. The mayor thanked the Treasurer again for all his hard work and all the departments for working to come up with the proposed budget.
The meeting was opened to the public; no one addressed the Board.
On the motion of Trustee Seibert, seconded by Trustee Bencivenga and unanimously carried, it was
RESOLVED to reserve decision.
The meeting was adjourned at 7:23 PM.