Supervisor Serrano suggests $31M preliminary budget for Wallkill.
Town of Wallkill Supervisor Presents $31 Million Preliminary Budget
Town of Wallkill Supervisor George Serrano recently unveiled a preliminary budget of $31 million during the first budget workshop on Oct. 10. This budget includes a $22 million general fund and a $9 million highway fund, with property tax levies of $6.4 million and $7 million, respectively.
Compared to the previous budget, the property tax levy has only increased by about 1 percent, which is below the tax cap set by state law.
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The general fund, which serves as the main operating fund for the town, relies heavily on property taxes as the largest revenue source. It is followed by $5.7 million in sales tax and $1.5 million in hotel tax.
Serrano has increased the hotel tax revenue by approximately $200,000 due to the upcoming opening of a new hotel next summer. Building permits also contribute significantly to revenue, with $1 million generated, a $100,000 increase from the previous budget.
However, mortgage tax revenue is proposed at $900,000, $100,000 lower than the previous budget, due to uncertainties in the real estate market for the coming year.
Serrano emphasized that the preliminary budget was carefully considered and believes it to be a sound budget. He is open to changes suggested by the town board.
In terms of expenses, Serrano has allocated an additional $250,000 to the paving account, bringing it to $1.25 million. He believes this investment is crucial for maintaining the town’s infrastructure.
Furthermore, $5,000 has been set aside for the junior police academy, and two new police officer positions have been added. Serrano stated that public safety is a top priority and allocating taxpayer money towards it is essential.
The proposal also includes the addition of two new clerks for the police and building departments.
All elected and appointed town positions will receive a 3 percent raise, while salaries and benefits for union workers will be determined after contract negotiations.
The preliminary budget sheets can be viewed on the town website under the finance tab for public review.
During the workshop, Councilman Neil Meyer requested additional financial information from Serrano to evaluate the proposed 2024 budget. This includes the current year’s budget projections, current working capital, and salary sheet information.
Serrano explained that the delay in providing accurate historical comparisons was due to staffing issues in the accounting department. However, ongoing duty separation and new hires, such as a new account clerk, are expected to resolve this problem.
Another budget workshop is scheduled for Oct. 12, with Serrano presenting the budget at the monthly town board meeting on Oct. 26.
What is the town’s approach to debt service in the preliminary budget and what does it represent in terms of fiscal responsibility
The housing market.
The highway fund, on the other hand, relies heavily on state and federal aid, with property taxes serving as a secondary revenue source. The budget allocates $6 million for highway maintenance and repair, while the remaining $3 million will be used for capital projects such as road improvements and equipment purchases.
One notable aspect of the preliminary budget is the focus on public safety. Serrano has allocated $1.5 million for the Town of Wallkill Police Department, an increase of $200,000 from the previous budget. This increase will allow for the hiring of additional police officers and the purchase of new equipment to enhance law enforcement capabilities.
Another area of focus is infrastructure. The budget sets aside $2.5 million for infrastructure projects, including repairs and upgrades to roads, bridges, and public facilities. The town has recognized the importance of investing in infrastructure to ensure the safety and well-being of its residents.
Education is also a priority in the budget. The town has allocated $4.2 million for the Valley Central School District, which serves the Town of Wallkill. This funding will support the district’s ongoing efforts to provide quality education and resources to its students.
In terms of debt service, the preliminary budget includes $2.5 million for the repayment of outstanding bonds and long-term debt. This demonstrates the town’s commitment to fiscal responsibility and maintaining a sustainable financial position.
Overall, Supervisor George Serrano’s $31 million preliminary budget reflects careful consideration of the town’s needs and priorities. By keeping the property tax levy below the tax cap, the town aims to alleviate the burden on residents while still providing essential services and investing in critical areas. The budget workshop serves as an opportunity for community members to review and provide input on the proposed budget before it is finalized.
With the presentation of the preliminary budget, the Town of Wallkill takes an important step in the budgeting process. The budget reflects the town’s commitment to responsible financial management and meeting the needs of its residents. As the budget is finalized, it is crucial for community members to stay informed and engaged to ensure that the final budget accurately reflects the priorities and aspirations of the Town of Wallkill.
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