MOUNT KISCO, N.Y – An updated proposal for Mount Kisco’s 2013-14 village budget should come as good news for residents, as it would lower the tax hike from the originally proposed 3.52 percent increase to 1.9 percent, according to Village Manager Jim Palmer.
Consequently, the proposed tax levy of 2.55 percent would drop to 1 percent. Mount Kisco Village Board of Trustees will vote on the new proposal tonight at 7:30 p.m. in village hall.
The latest budget comes in at a total of $29,747,612 (down from $29,855,255) with majority being used for the general fund ($20,319,454). The other funds are for the library, water infrastructure, sewers and debt.
Palmer noted the significant changes to the most recent proposal are a result of the village cutting three new police officers from full-year salaries to half-year salaries. That decision was made because there will not be another training academy until January.
State-mandated costs such as pensions continue to be one of the biggest budget drivers throughout in the state, and Mount Kisco will be no exception next year.
Although its pension picture is not as steep as the one the Bedford Central School District is facing , the village is still looking at nearly $375,000 in pension costs.
As for non-property tax revenue, the village expects to raise just more than $6 million through sale taxes, permits and rental incomes.
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