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September 22, 2017 12:45 PM

Supervisor Cantwell Releases 2018 Tentative Budget

The $77.7 million Tentative Budget for 2018 is an increase of 3.5%, the overall tax levy of 2.3% is below the NYS Tax Cap, and tax rates increase by less than 1.5%. The 2018 Budget increases the budgets for law enforcement and public safety by 6%, increases funding for programs for the elderly and transportation, and proposes $2 million for the Community Housing Opportunity Fund to support affordable housing.

"The Town has recovered from a $28 million deficit in 2009 to a projected surplus of over $34 million, cut total debt by $20 million in 4 years, and this year achieved a Aaa credit rating, the highest in the Town's history. The Budget proposes to set aside $3.5 million in a dedicated reserve to build new affordable housing and for the construction of the new senior community center."

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