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City of Lockport budget shows small tax increase for 2018

By a 4-2 vote, the Lockport Common Council approved a 2018 budget Wednesday that includes a tax levy increase matching the state-mandated tax cap of 1.84 percent.

The tax rate will rise by 28 cents per $1,000 of assessed valuation, to $17.70, Finance Director Scott A. Schrader said. That means a tax increase of $28 on a home assessed at $100,000.

The nearly $24.7 million spending plan shows a 2.28 percent increase in appropriations. Schrader said the Council made no changes in the budget in the wake of a report last week from the State Comptroller's Office which approved the budget for passage but questioned some of the figures.

Under terms of Lockport's 2014 state bailout, its budgets must be pre-approved in Albany until 2024.

Aldermen Mark S. Devine and Anita Mullane voted against the budget.

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