The Town of Sweden’s 2012 preliminary budget calls for a total spending plan of 5.4 million dollars. The total tax levy (inclusive of special districts) will rise by $26,419 to $2,594,812. The resulting tax rate will drop by one cent per thousand in the town outside the village to $4.46, while the rate within the Village of Brockport will drop by two cents per thousand to $2.30.
For the owner of a home assessed at $125,000 in the Town outside the Village, the Town tax bill (exclusive of special districts) will be approximately $558. For the owner of a home assessed at $125,000 in the Village of Brockport, the Town tax bill will be $288. The drop in the tax rate, despite an increase in the tax levy, is attributable to an increased tax base.
The taxable assessed value of the Village of Brockport is $202,231,367; the taxable assessed value of the town outside the village is $372,346,448 for a total tax base of $574,577,815. However, there is another $534,410,853 worth of property in the community, which is not taxable. The majority of that valuation lies within the Village of Brockport. Of the 4,408 parcels in the town (including the village), 947 or 21 percent receive some type of exemption.
Exemptions include all state, county, town, village and school owned properties; religious, hospital, non-profit and cemetery properties. There are 472 veterans exemptions; 119 agricultural exemptions and 196 aged or disabled exemptions.
Some of the major budget line increases include $84,000 for state retirement, $14,000 for health insurance, $20,000 for fuel; $9,000 for workers comp premiums and $7,500 for mandated storm water monitoring.
To offset these increases the Town is leaving one highway crew position unfilled, reducing park development expenses; trimming departmental budgets and appropriating additional fund balance.
The new property tax cap law allows the Town to raise the tax levy by $97,289 in 2012, an increase the Town Board would not support.
“The Board’s goal is to keep both our expenditures and the tax levy as low as reasonably possible,” said Councilperson Patricia Connors. “Our budget reflects our efforts to balance services with property taxes.”
The Sweden Town Board will hold a public hearing on the 2012 budget on Thursday, November 10 at 7 pm at the Sweden Town Hall, 18 State Street.