Sounding as if he were still campaigning and speaking in a voice that seemed unnecessarily loud, Mayor William Hallenbeck presented the proposed budget for 2016--the work of the BEA (Board of Estimate and Apportionment, made up of the mayor, the city treasurer, and the Common Council president)--to the Common Council this evening, in a session that was supposed to take ten minutes but lasted twice as long. Here are the highlights. There will be a 1 percent increase in City property taxes (the state imposes a 2 percent cap on property tax increases). Two capital reserve funds will be established with money allocated from the fund balance: $600,000 for replacing the Ferry Street bridge, and $150,000 for a new tower truck for the fire department to be purchased in 2020, leaving $2.2 million in the fund balance.
The proposed 2016 budget can be viewed here. There will be a public hearing on the budget on Tuesday, November 17, at 6:30 p.m., immediately preceding the regular monthly meeting of the Common Council.
COPYRIGHT 2015 CAROLE OSTERINK