WADDINGTON For the third year in a row, the town passed a budget that reduces the tax rate and stabilizes the levy.
The Town Council on Monday unanimously passed its 2013 budget of $1,348,591, a decrease of $87,175 from this years budget of $1,435,766.
I am pleased that we were able to pass a budget that saves Waddington residents money, Supervisor Mark Scott said.
The towns 2013 tax levy is $261,943, a $1,356 increase from this years levy of $260,587, Mr. Scott said. However, the towns tax rate will decrease to $1.98 per $1,000 of property value, one cent less than this year.
The increase in the levy is absorbed by the increased value of the town created through construction of new homes, Mr. Scott said. However, we have to try to find sources of revenue from other than new construction in the future. Thats not enough to cover the annual inflation increases. We have been lucky to save in other areas.
Over the years, the town has struggled to find enough savings to offset state aid losses, increased pension costs and other payroll expenses, and a continued decline in court revenues.
The town allowed early retirement of two highway employees and outsourced its cemetery mowing. It also found less expensive health insurance coverage.
In 2010, health insurance for employees was $144,000, which was $40,000 more than it is today, Mr. Scott said.
If we had stayed on course, costs would have increased roughly 10 percent a year for health care. Cumulatively, over the last three years, we have saved $191,000. Were seeing the benefit of the work we did three years ago.
The town has also renewed a contract with the St. Lawrence Health Initiative, which provides coaching, biometric screenings, counseling and other services.
More employees are taking more responsibility for their health care by participating in the wellness program and improving their lifestyle, which will reduce the amount that the health insurance is utilized, Mr. Scott said.
Unlike many towns and villages, the council was able to balance its budget without exhausting its fund balance, Mr. Scott said. The current unappropriated fund balance is approximately $250,000.
On Monday, the council agreed to build a town-owned campground on Leishman Point.
We cannot rely on our fund balance forever, or new homes, which is why we look at projects like the campground and renewable energy which we will continue to explore in the future, said Mr. Scott. Hopefully the campground will grow fast enough to provide that source of revenue we need to offset growing costs.