2010-04-29 - Laserfiche WebLink

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Minutes following the 4/29/10 Village Board Meeting “PCPP.T-Y”. LEASE TURN OFF ELL HONES AND AGERS PRIOR TO START OF MEETING HANKOU PH UBLIC EARING T HE CHAIR DECLARES THE PUBLIC HEARING OPEN C LERK READS PUBLIC HEARING NOTICE NOTICE IS HEREBY GIVEN that the Mayor and Board of Trustees of the Village of Wappingers Falls, New York, will conduct a Public Hearing at the American Legion th Hall, 7 Spring Street, Wappingers Falls, New York on the 29 of April, 2010 at 7: 00 P.M. to review proposed budget for the Village of Wappingers Falls, Dutchess County, New York, for the fiscal year 2010-2011 and any person may be heard in favor or against on any item therein contained. Mayor Alexander said copies of the proposed final budget are available for the public here at the meeting. Mayor Alexander started the hearing by reviewing each line in the General Fund Expenditures section. Mayor Alexander said many hours were spent with the Trustees and Department Heads to ensure each expenditure was reviewed in detail. During the review the Mayor pointed out a possible need for a new fire vehicle later in the year and leaf vacuum as well. Some additional highlights were a skate park, increase in summer camp tuition, hydro-raking of the lake and an unpredictable increase in employee benefits such as; Employee Retirement System which includes Police and Fire and this year alone represents a $58.0k increase. Mayor Alexander reviewed the outstanding bonds, principal and interest. The next area reviewed in detail were the General Fund Revenues. The Mayor said the Real Property Taxes would be up 3.91% overall. The Mayor went into some detail explaining the Homestead and Non-Homestead process of tax levy and the fact that the Village lies between two townships which ads to the complexity of the process. Mayor Alexander said revenues represent about 25% of the income and the remaining 75% is the tax levy. Some highlights are franchise fees, Local Tax ( Cable- FIOS). Fines and an increase in truck inspections. The final page of the budget reviewed were the employee new wage rates. In summary Mayor Alexander said it would be another tight year for the Village in terms of budget but felt comfortable with it overall. The Mayor thanked all who participated in the process and asked if there were any questions relative to the budget. None replied. Motion by Trustee Costa to close the Final Budget Hearing. Seconded by Trustee Alfonso. Carried. T HE CHAIR DECLARED THE PUBLIC HEARING CLOSED Page 1 of 3