Village of Ballston Spa comes in under tax cap
Approves $3.85 million in spending
BALLSTON SPA 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 would pay $1,057 in village taxes, $16 more than this year.
Mayor John P. Romano said the biggest drivers of increased spending are state-mandated pension contributions and health care costs.
"The cost of doing business for everyone, public and private sector, keeps going up every year," he said.
In water rates, the minimum use rate, which covers most single-family homes, would increase from $36 every six months to $43.20. The minimum charge covers using up to 30,000 gallons of water every six months.
Romano said it is the first water rate increase since 2006, and is needed to keep up with the cost of business.
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