County budget includes slight tax hike
The tentative 2014 Saratoga County budget released today calls for a property tax increase of $2 or $3 for the average home.
Officials said the average county property tax rate will rise by a penny per $1,000 assessed value, to $2.28. That means a home assessed at $200,000 would see a yearly $2 tax increase in January.
Read the proposed budget below and check out the Gazette's Saratoga County budgets page.
“Saratoga County will continue to have one of the lowest tax rates in the state,” said County Administrator Spencer Hellwig.
The tentative spending plan released in Ballston Spa totals $313 million, up from $301 million this year — an increase county officials said was entirely due to the cost of Medicaid, higher pension payments, and other costs mandated by the state.
“The one and only reason for this [property tax] increase is the unfunded state mandates,” Hellwig said.
The spending plan assumes a deal to sell the money-losing Maplewood Manor nursing home will be signed by the end of this year, and that the county will receive $4 million from the pending sale of the county landfill in Northumberland to Finch Paper.
It includes $500,000 for developing a new economic development plan for the county, and $50,000 as the county share of what would be a comprehensive traffic management study for the Luther Forest Technology Campus and Northway Exit 11.
A longer story on the budget is available HERE and a full story will be in the Friday issue of the Gazette.
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