March 2nd, 2012
Hon. Mayor Jennifer Laird-White and Village Board of Trustees
Village of Nyack
9 North Broadway
Nyack, New York 10960
Re: Submission of the Village Administrator’s Budget Proposal for FY 2012-2013
Dear Mayor & Board of Trustees,
The Fiscal Year 2012-2013 Village Administrator’s Proposed Budget for the Village of Nyack has been filed today with the Village Clerk pursuant to New York State Law, Section 5-504.
Under this proposal, the amount of $3,225,411.96 is to be raised by property taxes which represents an increase of $30,780.00 or 0.96% over our previous fiscal year. This budget complies with the recently enacted 2% tax cap.
- The total amount of proposed appropriations for all departments from all funding sources in the General Fund of the Village of Nyack is $5,282,596.96
- The Nyack Water Board of Commissioners will submit its proposed budget for Fiscal Year 2012-2013. As it is a separate enterprise fund, it will require the approval of the Village Board for adoption.
- The Nyack Parking Authority will submit its proposed budget for Fiscal Year 2012-2013 for your review and approval.
In preparing this budget, we were able to produce what we believe to be a feasible operating budget without reducing staffing or programming. This will allow us to maintain our physical plant, provide the administrative oversight and enforcement responsibilities our Village Code, continue a capital improvement program, and supply funding for vital services in our community.
As many of our regional municipalities are facing significant financial difficulties, we too should be aware that the funding to support this budget is based on very stringent financial constraints to provide the services listed in this proposed budget.
A significant factor attributable to this requested increase in our tax levy is a 10.5% increase in our New York State Pension contribution. Our FY 11-12 budget called for a payment of $252,000.00. Our FY 12-13 will require a $278,500.00 payment. This is an increase of $26,500.00.
We are anticipating minor increases in various revenue lines such as, but not limited to, mortgage taxes, sales tax revenue sharing, and other state aid. This is reflected in our 2012-2013 revenue levels into this budget.
Additionally, this budget calls for Building Department fee increases that bring our fee structure in line with our neighboring communities.
During the budget development process, I asked our Department Heads to maintain their appropriations levels from our previous Fiscal Year. They were then asked to shift appropriations within their own budget lines as they felt it was necessary to cover costs of their operations for their planned activities. As a group, and to the person, we all adhered to that directive and have produced what is felt to be a working budget that can accomplish the work required to continue implementation of the Village Board’s policies.
Budget work sessions will be scheduled as necessary by the Mayor and Board of Trustees.
A Public Hearing on the proposed Village Budget will be held at the Regular Meeting of the Board of Trustees on Thursday, March 22nd, 2012 at 8:00pm.
The Budget Adoption meeting is scheduled for Wednesday, April 12th, 2012, at 7;30pm, as per New York State Law, Section 5-508.
I want to thank our Village Staff for all of their time, suggestions – with many implemented – and
their ability to compromise during this process. They have been professional in their approach, and are aware of the financial constraints we will work under in our upcoming fiscal year.
James C. Politi