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Village of Ballston Spa comes in under tax cap

Approves $3.85 million in spending

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The Village Board has adopted a 2013-2014 budget that includes a 1.6 percent property tax increase and a hike in water rates. The spending plan totals $3.85 million, up from $3.68 million in the current fiscal year. Property taxes will increase by 1.57 percent, from $74.33 per $1,000 assessed value to $75.50 per $1,000. The village assesses property at a small fraction of its full value. Under the new rates, a home assessed at $14,000 ...

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