The Youngstown Village Board will present its proposed $1.7 million budget in a public hearing at 7 p.m. Thursday in Village Hall, 240 Lockport St.
The tentative $1,791,053 budget includes a proposed 6 cent increase in the tax rate, to $6.96 per $1,000 of assessed valuation.
But that 6 cent hike is a misnomer, village officials said. They said a mistake was made on the tax bills for the current year, and property-owners were charged $6.90 per $1,000 of assessed valuation, instead of the $6.94 approved by the board last April. It was a mistake the village didn’t find until a couple of months into the new fiscal year and it was not corrected.
“We made adjustments and lived with it,” Mayor Raleigh Reynolds said of the shortfall. “So, we’re really only going up a couple of cents this year.”
The board had approved a 1 cent decrease for 2015-16 to $6.94 from the previous year, he noted. Instead, due to the mistake, property owners received a 5 cent decrease.
The 2016-17 spending plan includes $59,000 for the projected cost of a new boiler system for the Red Brick School building, which houses Village Hall, as well as hikes in state-mandated health insurance costs for employees.
The proposed 2016-17 budget includes a general fund of $1,417,271. The proposed water department budget is $151,304, and sewer budget is $222,478, with rates holding steady in both. The proposed amount to be raised by taxes is $650,076, under the 2 percent tax cap.
The budget must be adopted by May 1.
Thursday’s public hearing will be followed by a regular board meeting.
Barker adopted its proposed 2016-17 budget of $446,164 on Monday, with a tax rate increase of 5 cents to $7.30 per $1,000 of assessed valuation.
Middleport also approved its proposed $1,698,975 budget, authorizing a 4 cent tax rate increase to $10.02 per $1,000 of assessed valuation.
And, Wilson adopted its proposed $1,142,285 budget, which keeps the tax rate steady at $8.20 per $1,000 of assessed valuation.
The Village of Lewiston is still working on its proposed budget, which it will present in a public hearing at 6 p.m. April 18 in Village Hall, 145 North Fourth St. It has tentatively scheduled a meeting for 6 p.m. April 25 to approve its budget.