Last week the Board of Trustees for the Village of Croton began reviewing Tentative Budget for Fiscal Year 2019-2020. The proposed tax levy is 1.09%, only about one half of the 2% property tax cap or $277,916 less than the allowable limit.
Since I joined the Village Board, I am happy to have supported four budgets below the tax cap. Thanks to the conservative budgeting practices of our Village, these budgets have always been balanced and our Village has run a surplus.
In my first budget as Mayor, we succeeded in taking a proposed 1.85% increase in the tentative budget and reducing it to less than one half of a percent. The final adopted budget passed by the Village Board came in $170,000+ beneath the tax cap.
Keeping our Village affordable by keeping tax growth below the rate of inflation and under the tax cap remains a key priority.
Mayor, Village of Croton