Despite finding efficiencies, the Springville Village Board has proposed a 2016-17 budget that slightly exceeds the state-imposed cap on tax levy increases.
The proposed budget presented Monday night contains a $1,702,456 tax levy, a 1.79 percent jump in the amount collected in property taxes. That surpasses the village’s state-required 0.61 percent limit on a tax levy increase.
Mayor William J. Krebs said he considers the cap unfair.
“Even though all indicators show efficiency, we are above the tax levy cap,” he said.
The proposed budget of $3,089,688 would lower spending by $96,908.
In addition, the spending plan would raise the tax rate by 31 cents per $1,000 of assessed property value, or 1.88 percent, to $16.78 per $1,000.
During the last 27 years, the village has averaged an annual 1.2 percent tax rate increase.
Board members have sent a written request to state officials asking to restore the cap for a tax levy increase to 2 percent. The village has averaged a 1.7 percent tax levy hike over the last five years.
Officials plan to vote on the spending plan at the next board meeting at 7 p.m. April 4. The village’s fiscal year runs from June 1 to May 31.
For more budget details, visit the village website at villageofspringvilleny.com.