Tarrytown has released its 2011-2012 tentative budget which proposes a 6.17 percent tax increase.
It would be the largest tax increase in the village since the 2007-2008 fiscal year.
The budget, which will head to the Board of Trustees for adjustments and eventual approval, was significantly impacted by property tax certiorari claims and increases in state-mandated payments, according to the budget summary.
In his statement on the budget, Village Administrator Michael Blau said the he was beginning to "sound like a broken record" regarding the budget, noting, once again, the significant financial impact of matters outside of the village's control.
One of the biggest hits this year was a loss in assessed property value in the village due to certiorari claims. Due to the claims, and eventual adjustments, the village lost nearly $3.5 million in assessed property value, which translated to a drop of roughly $850,000 in revenue.
"That was a major source," said Village Treasurer Jim Hart. "There were a whole bunch of them (certioraris). Tthere were a lot of commercial reductions and there were a lot more residential reductions this year, and that is true all over the place. The fact that we do have a lot more commercial properties means it hurt a lot more."
The village was also hit by rising pension costs (up by $400,279), health insurance costs (up $250,847) and contractual salary increases (up $299,787).
Without cutting or cost saving measures, these three factors, combined with the reduction in assessed land value in the village, would have equalled out to about a 12 percent tax increase.
However, overall, the actual budget only increased by $212,202 this year, or 1.05 percent, to bring the General Fund budget to $20,380,00.
In Blau's statement, he said that cost saving measures offset most of the increased costs, but it still didn't impact the tax rate increase.
"Due to the decrease in the assessment role, the decrease in the amount of appropriations is levied against a lower tax base prompting an ultimate increase in the actual tax rate," the statement said.
To offset the state mandates, the village refinanced on long-term bonds (saving $412,455), restructured of DPW staff (cutting full-time positions) and will have have a one-year savings benefit of $280,000 by moving payment to the Service Award program for volunteer firefighters into another fiscal year.
Hart said that there were no cuts to village services in the proposed budget. It will be up to trustees to reduce the budget further.
"The board will be given a list of scenarios to act on if they choose," said Hart.