Village residents will have a chance to weigh in on a proposed $2.8 million budget for 2018-19 at a public hearing set for 7 p.m. Monday, April 2.
The proposed $2.8 million plan represents a 6 percent drop in the bottom line, thanks in large part to the completion of a major reconstruction project on a village thoroughfare, Maple Avenue.
The $2,808,041 budget would actually be down $179,436 from $2,987,477 last year. It includes a tax levy, or funds to be raised by taxes, of $860,855, which is up 0.23 percent from $858,883 in 2017-18.
The new plan slides in under the state tax levy limit by about $700, according to Mayor Gary Hadden.
The village tax rate is projected to be $4.36 per per $1,000 valuation, up just one cent from $4.35 last year.
“The fact that we’re able to maintain a fairly stable tax rate again this year — I’m very pleased,” said Hadden. “We did increase the tax rate by one cent, because we were close to the tax cap and needed to add to our contingency account in the event any smaller emergencies arise.”
Nearly 20 percent of the village tax rate, or $0.86 per $1,000 valuation, will go to the Victor Volunteer Fire Department for fire protection, Hadden said.