POTSDAM -- The Potsdam village board of trustees is expected to approve its preliminary budget at its meeting Monday, April 28.
The board and village officials have been working to hone down the …
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POTSDAM -- The Potsdam village board of trustees is expected to approve its preliminary budget at its meeting Monday, April 28.
The board and village officials have been working to hone down the fiscal plan for the coming year for several weeks, and with the final numbers in the board will be tasked with approving a total tax rate of $17.70857 per $1,000 of assessed valuation for the general fund. The tax rate represents a 1.31 percent increase over the current year's rate of $17.48 per $1,000 of assessed value.
General fund appropriations for 2025-2026 are $8,046,853, and will be covered in part by use of a $400,000 fund balance, and $4,004,158 in tax levy. The village's budget for the coming year also includes funds for water, sewer, hydroelectric, recreation and trash. Total budget appropriations for all of the funds, including the general fund, comes in at $12,717,548 with a total of $7,306,261 to be paid for by taxes.
The final version of the budget can be viewed on the village website at https://tinyurl.com/5n6umh8u .
Other agenda items
The mayor and trustees will consider several other agenda items including invoice approvals, and a key formal appointment of its economic developer from part-time to full-time.
The board will:
Board members will are expected to also set a public hearing for May 12 at 4:30 p.m., in the Civic Center Board Room, 2 Park St., to receive public comment regarding proposed Local Law 3-2025 to strike Chapter 52, Salaries and Compensation (§52-1 to §52-2) from the Village of Potsdam Municipal Code. A special meeting is also planned for May 12 starting at 4:45 after the public hearing.