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Coeymans' tentative 2023 budget includes tax hike
Melanie Lekocevic is reporting for Capital Region Independent Media that the town of Coeymans' tentative 2023 budget has been released and it calls for a 3.17 percent increase in town taxes. The tentative spending plan is under review and will go through several iterations before the final budget is voted on by the town board in November. The 2023 tentative budget totals $2.92 million, an increase in spending of just under $85,000 over the current year. If approved as is, the tax rate would increase $0.09 for every $1,000 of a property's assessed value, which is under the state-mandated tax cap, according to Town Supervisor George McHugh. So, a property assessed at $150,000 would see a tax increase of $13.50 in 2023. The tentative budget does not provide salary increases for the town supervisor and town council members. Each of the two town justices would have their salaries increased to $25,000 annually; the town clerk’s salary would rise to $52,000; and the highway superintendent would see a pay hike to $61,500. McHugh called the tentative budget prudent and fiscally conservative. “This budget as proposed is balanced, protects taxpayers and provides for vital services to our residents such as public safety, emergency management services, quality of life initiatives, park improvements and contingency planning, all while maintaining flexibility in case of any unforeseen circumstances,” he said. The preliminary budget is projected for approval in late October. Following a public hearing, the town board would be on track to adopt the new spending plan in mid-November. Read the full story at TheUpStater [dot] com.