GREENBURGH, N.Y. - Greenburgh Town Supervisor Paul Feiner has submitted his tentative $70.2 million Town Outside and $17.5 Town Wide budgets for 2014, posting a detailed message on the town website.
The $70.2 million represents the "B Budget," which covers only unincorporated Greenburgh (outside the town's six villages). That tentative proposal is up $2.5 million over the 2013 budget.
The tentative Town Wide "A Budget" proposal is a $1.7 million increase over the 2013 budget, and is meant to comply with New York State tax levy cap. The past two budgets were at the state's required 2 percent limits. The tentative budget numbers could change between now and December 20, when the budget must be approved.
Appropriations in the $70.2 million Town Outside budget designate 26.3 percent for Public Safety, Employee Benefits (23 percent), Interfund Transfers (13.3 percent), Culture and Recreation (11 percent) and Debt Service (9.2 percent) as the major proposed costs.
Appropriations for the $17.5 Town Wide budget by percentage include; General Government Support (54.7 percent), 19.8 percent for Employee Benefits, 12.7 percent for Public Safety and 8.08 percent for debt service among the largest expenditures.
The supervisor said the budget limits have helped the town keep it's AAA credit rating.
"Moody's highlighted the town’s "sound financial position with strong fiscal management," Feiner's statement said. "The AAA bond rating is significant -- only 1% of localities around the nation have earned this distinction. Maintaining the AAA bond rating will save the Town close to $200,000 over the life of the debt service on the $13.8 million the Town will be borrowing near term."
Property owners can expect an Increase in tax for 2014 of $5.30 per $15,000 of assessed value, which comes to $234.23 in 2014, down from $228.93 in 2013.
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