GLENVILLE — Property taxes would rise 1.68 percent under the budget Glenville Town Supervisor Chris Koetzle has proposed for next year.
Overall town spending would rise from $17.22 million to $17.35 million, and the tentative budget includes new money for police equipment, park maintenance and the planned restoration of the historic Yates Mansion, which the town purchased earlier this year.
With the town tax rate outside the village of Scotia at $3.66 per $1,000 and the average home assessed at $171,000, Koetzle said the typical homeowner would see their property tax rise by $7 if the tentative budget were adopted. The average resident of Scotia would pay about $3 more.
The size of the tax increase is below the state-established tax cap, Koetzle noted, and it comes amid what the supervisor contends is unfair treatment of the town under the Schenectady County sales tax distribution formula.
The budget also reduces the town’s use of surplus funds to balance the budget and reduces the town’s debt to about $14 million, down from around $23 million in 2010.
“We will again stay within the tax cap, invest in our community and make significant progress in creating a long-term, sustainable economic base for town residents,” Koetzle wrote in a budget message.
Under new spending, the budget includes money for public safety improvements, including two new patrol cars for the police department, new radar and accident reconstruction devices and a roadside speed monitoring device.
The budget includes $50,000 for the Yates Mansion restoration. The town bought the home of early 19th-century governor Joseph Yates earlier this year, saving it from possible demolition. The town’s goal is to turn it into a history center open to the public, a multi-year project with an estimated cost of $500,000. The town was recently awarded $150,000 in state funding for the project.
“We will also continue to seek additional private and public grant opportunities as we work to restore Yates Mansion to its former glory,” Koetzle said.
The Town Board will conduct a public hearing on the tentative budget at 7 p.m. on Wednesday, Nov. 1, and is expected to vote on whether to adopt the budget on Nov. 15.