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2002 BUDGET COULD HIKE TOWN TAXES

Town of Franklinville property owners could be facing a tax hike of 6 percent to 8 percent under the proposed 2002 budget, to be aired at a public hearing scheduled for 7 p.m. Nov. 13.

Town Clerk Ann Clark said Monday the possible tax increase is an estimate because the rates have not been set.

The $1,033,686 proposal is the second consecutive spending plan to surpass $1 million but is $27,564 below the 2001 level of appropriations.

The projected tax levy, at $459,116, will require $25,851 in additional taxes to be raised to support spending, even with additional money to be appropriated from the unexpended fund balance.

That $76,000 contribution from the surplus account is an increase of $34,000 over the 2001 amount.

Some of the increased tax levy will aid the Fire District's $113,000 budget, which represents a $7,450 raise over the 2001 funding, as well as a $34,000 hike in the $521,120 highway budget.

The proposal earmarks debt service of $19,200 for the initial principal and interest payments on a new plow truck costing $89,972. Also, officials expect to spend $119,175 on snow removal, about $4,000 more than was needed in 2001.

The board based the plan on the same $52,000 state aid contribution that was sent to the town in 2001, but a large increase in local funding is expected.

About $140,000 more in local funds will come from the county in a non-property tax distribution, which Clark said probably originates in the town's share of a West Valley Demonstration Project impact payment. In 2001, that revenue share was the lowest in several years, at $55,000.

Estimated revenues of $383,870 are planned, but that amount is about $105,000 less than income that found its way to the town coffers in 2001.

The public hearing on the budget will be held in Morgan Hall, 11 Park Square, at the start of the town's regular board meeting.

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