Gloversville Mayor Dayton King: 2017 budget to include tax decrease

GLOVERSVILLE – Mayor Dayton King has announced that the 2017 city budget proposal has been prepared for the review by the Common Council.

King said this morning that the budget includes a 2 percent tax decrease that will bring the city’s tax rate under $21 per $1,000 of assessed value.

“It is the culmination of the last several years of being conservative [fiscally],” King said.

King said there is no budget gap this year, since the city has decided to use around $1 million of fund balance.

King said the city currently has $6.5 million in fund balance, which is more percentage-wise than the state recommends. King said conservative fiscal planning over the past six to seven years has led to the larger fund balance.

King additionally said the budget includes provisions that will allow the city’s police department to hire more police officers in detective and patrol officer roles. King said he has included three new police officers and an additional detective in the proposed budget.

“We have very successfully added to our fund balance over the last seven years, and it’s time to lower taxes and increase our police presence,” King wrote in a statement about the budget on Thursday.

Other new positions proposed include a deputy building inspector and a new clerk in the police department.

The city has been pursuing grants that could pay for at least a couple of years for the new police officers and deputy building inspector

No layoffs were discussed during the session, and none are in the proposal according to King.

No new revenue streams are included in the budget, King said.

The second year of the Smart Waters agreement is included in the budget at $500,000.

Smart Waters involves extending water services to more parts of the county via the city.

The 40-year agreement would see the city supply 2 million gallons of water a day to Fulton County Water and Sewer Agency to use anywhere, and the city would charge the agency the in-city rate given to residential city customers. In exchange, the city would receive 15 percent of the county’s undistributed portion of the 1 percent additional county sales tax imposed in 2005.

The current 2016 budget of $16.38 million lowered by tax rate by 1 percent from $21.31 per $1,000 in 2015 to $21.06 per $1,000 of assessed value for 2016.

City Finance Commissioner Bruce Van Genderen said the budget should be available for the council’s view before or on Tuesday.

King said he will give a budget presentation during the Sept. 27 council meeting.

After the presentation, Councilman-at-large James Robinson will schedule review sessions for the council.

King said the budget could potentially be finalized by next month.

By -