The Pelham Manor village board approved a $13,377,693 budget for 2012-2013 during Monday’s meeting.
The budget represents an increase of $446,161, or 3.45 percent, from this year’s budget. The tax levy for the proposal, which is $11,242,408, is about 4.04 more than this year’s levy. The village was permitted to increase the tax levy by 4.05 under the state property tax cap law.
The homestead, or residential, tax levy will increase by 2.33 percent to $9,010,318 and the non-homestead, or commercial, tax levy will increase by 11.55 percent to $2,232,090.
Residential properties will make up about 80.15 percent of the tax burden while commercial properties will make up 19.85 percent in the new budget.
The tax rate per thousand for homeowners would be about $6.65, an increase of about 6.72 percent from this year, and about $9.57 for commercial property owners, which represents an 11.61 percent increase.
Other Board Items
- Village Manager John Pierpont reported that revenues and expenses for this budget are tracking the way they were expected. Pierpont’s figures account for 10 months of the villages current fiscal year.
- Mayor James O’Connor said the state Department of Transportation has expressed a desire to work with village on the design of the light poles on “Four Corners,” which is the area at the intersection of Pelhamdale Avenue and Boston Post Road. O’Connor said the cost for adding new light poles that will blend in better with the neighborhood is less than what was anticipated, especially if other organizations chip in to help defray the cost. O’Connor said the current poles will stay in place and the new poles will be installed after a bidding process, which will take some time.