SARATOGA SPRINGS — Finance Commissioner Kenneth Ivins will debut the city’s 2012 comprehensive budget at the City Council meeting tonight. Ahead of that, Ivins released some of the preliminary details of the budget—including the proposed tax increase of .54 percent at a kind of Preview Presser (You read that term here first folks).
“It’s essentially one-half of 1 percent property tax increase and my goal is by the end of November we can get the number even lower,” Ivins said, explaining as the year comes to a close, more solid numbers for revenues in the city will come in. “The further you get into the year the better numbers you get for preparing a budget.”
He also distributed a sheet showing the dollar-amount tax increase for homes valued at $200,000, 300,000 and $400,000 (see below, and please excuse the foolish dashes, Blogger isn't cooperating with me).
Home Value===== 2011=====2011==== Increase
$200,000--------$1,212.80----$1,221.41----$8.61
$300,000--------$1,819.20----$1,832.12----$12.92
$400,000--------$2,425.60----$2,442.82----$17.22
Last year’s budget passed with a 4.45 percent tax increase, more than eight times the 20112 proposal.
Ivins attributed the change to better-than-expected sales tax revenues, Video Lottery Terminal funds coming into the city which had been absent for years and health insurance costs which increased, but not by as much as previous years.
One thing that is not driving up the cost was Ivins’ decision not to include the position of reservation coordinator in the budget—
a position requested by Public Works Commissioner Anthony “Skip” Scirocco that created debate and a split vote at the Sept. 20 city council meeting. (the comments in the story are not so split)
"I voted for creating the position," Ivins said. "I've voted to create a number of positions over the years I don't necessarily fund. I felt this was not the right time to fund that position," though he did not rule it out in the future.
Michele Madigan was also on-hand for Ivins' brief press conference. She asked him about the sale of the Lillians' lot on Broadway to contractor Sonny Bonacio and whether the money would be in the budget again. (It was in both 2010 and 2011, though not used).
Ivins said it would be as part of the Woodlawn Avenue parking garage-- since the revenue from the sale is being used for that project.
Madigan, too, said she was pleased to see the "pretty low rate. But I think we could do 0 percent, but I wouldn't want to see that at the cost of any layoffs."
Check in on The Saratogian for full coverage of tonight's presentation on the budget and further in-depth coverage in the days to come (We can't do it all tonight -- damn deadlines).
Labels: 2012 Budget, Anthony "Skip" Scirocco, City Council, Finance Commissioner, Kenneth Ivins, Michele Madigan, reservation coordinator, Saratoga Springs, Woodlawn Avenue Parking Garage