[wpfilebase tag=file path=’admin-budget/administrator-budget-2014-15.pdf’ /]
March 20th, 2014
Village of Nyack Mayor & Board of Trustees
9 North Broadway
Nyack, New York 10960
Re: Submission of the Village Administrator’s Tentative Budget Proposal for Fiscal Year 2014-2015
As Village Administrator, is my responsibility to prepare a Tentative Budget for the Village of Nyack which is then reviewed by the Village Board of Trustees and amended as they see fit to advance the policies of the Village Board. The Fiscal Year 2014-2015 Village Administrator’s Tentative Budget for the Village of Nyack was filed with the Village Clerk pursuant to New York State Law, Section 5-504, on March 20th, 2014.
The Administrator’s Tentative Budget, requests that the amount of $3,384,273.00 is raised by property taxes. An increase of $96,264.00 from last year’s tax levy. This represents an increase in property taxes of 2.92723% over our previous fiscal year. This budget complies with the Mayor and Village Board of Trustees policy of working within the Governor’s recently enacted 1.48% tax cap requirements.
In preparing this budget, we were able to produce what we, myself and the Village staff, believe to be a feasible operating budget without reducing 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 stringent financial constraints to provide the services listed in this tentative budget.
The following are the critical factors that we were required to meet in the development of the tentative budget:
- NYS Pension contributions increased by 7.54%
- Employee Benefits costs, including Health Care, have increased 2.00%
- Our debt service repayment costs will increase by 6.85%
- Our Collective Bargaining Agreement requires wage increases of 1.75%
The total amount of proposed appropriations for all departments from all funding sources in the General Fund of the Village of Nyack is $5,703,113.00.
The Nyack Water Board of Commissioners will submit its proposed budget for Fiscal Year 2014-2015. 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 2014-2015 to the Village Board for review and adoption.
The major factors attributable to this requested increase in our tax levy is, in part, increases in New York State Pension contributions and health care premiums with a combined cost increase of $38,178.00. In addition our debt service will increase by $38,612.00.
During the budget development process, I asked our Department Heads to maintain their appropriations levels from our previous Fiscal Year. As a group, and to the person, we have all adhered to that directive and have produced what is felt to be a working budget that can accomplish the work required to continue the 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, April 10th, 2014 at 8:00pm.
The Budget Adoption meeting is scheduled for Wednesday, April 23rd, 2014, 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 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