Glenville residents will see a slight increase in their tax bill in 2017, while the town continues to reduce its debt, according to the supervisor’s proposed budget.
Town Supervisor Chris Koetzle released his tentative budget on Tuesday, which proposes a tax levy increase of 1.24 percent. That would mean a typical Glenville homeowner outside the Village of Scotia would see a total town tax bill increase of $3.42 in 2017. The average village homeowner would see a $2 increase in their 2017 town tax bill, though they are subject to village taxes as well.
In a budget forum during last Wednesday’s town board meeting, Koetzle provided insight into the town’s efforts to reduce its debt and its reliance on its fund balance, which is like a savings account.
The 2017 budget Koetzle proposes would use $465,000 in fund balance for the town’s general, outside and highway funds. When he was elected in 2010, he said, the budget used about $1.4 million from the fund balance for those costs.
Similarly, Koetzle said the administration inherited a budget in 2010 that featured about $23.1 million. The 2017 proposed budget will reduce the debt by another $1.2 million, bringing the total to just over $15 million.
The town board will review Koetzle’s budget and make any revision suggestions during its October meetings. The town would then vote to adopt a final budget for 2017 at its Nov. 16 meeting. A seminar for residents on the budget is scheduled for Thursday at 7 p.m.
The tentative budget can be viewed below.
Glenville’s 2017 tentative budget
GAZETTE COVERAGEEnsure access to everything we do, today and every day, check out our subscribe page at DailyGazette.com/Subscribe
More from The Daily Gazette:
Categories: News, Schenectady County