Laserfiche WebLink
A Public Hearing on the 1980-81 tentative budget was held on 4-15-80 at <br />7:30 P.M. in the American Legion Hall. <br /> <br />Present: Mayor Synnett, Tr. Dolan, Tr. Moruz?.i, Tr. Silvestri, Tr. Costa, <br />Tr. DiGregorio, Tr. Viglotti, Atty. Lyons & Treasurer Campilii. <br /> <br />Also present: Water commissioners Catalano & Chase. <br /> <br />Treasurer Campilii reported Village Board was in the process of working up <br />a final budget. He stated tentative proposals amounted to $865,167. and the <br />tax base would be based on 1T million dollars assessed valuation. <br /> <br /> Treasurer Campilii discussed probable tax rate which ranged from 36.87 to <br /> 35.50 per thousand which could amount to an increase of up to 11~. <br />He stated Village Board was working to bring same down 6.25~ or lower. <br />'Treasurer Campilii reported increases included the following budgetary <br />items: Insurance, Police, Fire, Parks, Library, Highway and energy costs. <br />He stated salary increases amounted to 5.9~ and revenue sharing funds in <br />the amount of $36,000. could be reduced to $18,OO0. due to cutbacks. <br />Treasurer Campilii reported revenues for the last year totalled $204,000. <br />and for this year it was anticipated at $222,689. <br /> <br />Mayor Synnett recommended provisions for a $50,000. bond issue be included <br />in this year's budget for improvements to the Water Department Softening <br />Plant. <br /> <br />Atty. Lyons reported 10~ down payment would be needed to cover the bond. <br /> <br />Since no one present voiced an opinion pro or con on the tentative budget, <br />Hearing was closed at 7:55 P.M. <br /> <br />/Leo ( <br /> Village Clerk k._~__ ..; <br /> <br /> <br />