The Penn Yan Village Board will hold a public hearing April 1 on the tentative 2019–2020 budget, which calls for a 2 percent decrease in spending, which is more than offset by an 11 percent reduction in revenues. That results in a need to raise an additional $176,142 in local property taxes. The 5.89 percent increase in local taxes eclipses the 2 percent property tax cap by approximately $153,000.

Village Clerk/Treasurer Gary Meeks says this year’s budget follows five consecutive years of keeping the tax levy under the 2 percent tax cap.

Major factors include:

• Total spending of $5.56 million, down from $5.69 million for the current year.

• Revenues other than local property taxes of $2.39 million, down from $2.7 million

• Total local tax levy of $3.16 million, up from $2.99 million

• Tax rates per $1,000 of assessed value for the portions of the village in Benton and Milo are increasing by $0.51 and $0.89 respectively. Properties in the town of Jerusalem will see a decline in the tax rate by $1.91 due to a recent revaluation.

• The budget does not use reserves, but $50,000 is ear-marked for the contingency fund, and $93,500 is set aside in the Fire Department equipment reserve fund. The contingency fund is in anticipation of  the need to pay for demolition of certain properties.

• CSEA wage increase of 2.5 percent, and an assumed PBA wage increase of the same rate, but that contract has yet to be negotiated.

• No wage increases for the mayor, trustees, and Municipal Utilities Board.

• Replacing the cemetery office at a cost of $55,000.

• Street maintenance costs are up $69,000 in anticipation of higher fuel costs, and the planned replacement of a backhoe.

• Police costs are up by $69,000 due to projected pay increases, increased staffing, and the required upgrade to new Livescan fingerprinting equipment.