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Waddington passes 2014 budget

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WADDINGTON – Waddington taxpayers will not see an increase in the town’s tax levy for the fourth consecutive year.

The town council unanimously approved its 2014 budget Monday. The proposed budget reduces the tax levy to $262,158, down $400 from the current budget.

The tax rate was also reduced by about 1 cent per $1,000 of assessed property value to $1.96.

The total budget for 2014 will be $1,406,232, an increase of $57,641 from this year’s budget of $1,348,591.

Rising increases from pensions and health insurance contributed to a 20-percent tax levy increase at the start of the budget process, Town Supervisor Mark Scott said.

Decreases in the tentative budget included a $4,000 cut from the town’s $15,000 economic development fund, a $2,762 decrease in the town’s $7,228 contingency fund, a $3,000 decrease from the $9,000 Recreational

Department budget, and a $2,000 decrease in the town’s highway equipment fund.

The cuts also helped to offset 2 percent raises for several fulltime employees. Town council members also approved a 2 percent raise for the town’s assessor Monday. The assessor’s salary will increase $284; from $14,200 to $14,484. The increase was paid from the town’s contingency budget.

“He works very hard, and I think he should be compensated for that,” Council member David Putney said.

The current unused fund balance is approximately $250,000.

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