The Floral Park Board of Trustees presented the village's 2007-08 tentative operating budget of $21,567,396 during a public hearing April 11. The board at first reserved decision to mull over residents' comments but later approved the proposed budget.
The net amount to be raised by taxes is $17,452,302. This means that the proposed tax rate per $100 of assessed valuation is $9.38, 51 cents more than it was in 2006-07.
Total appropriations resulted in $23,446,043 with $21,567,396 for the General Fund, $1,340,625 for the Library Fund, $513,022 for the Pool Fund and $25,000 (the same as it was in 2006-07) for Community Development. Although the swimming pool is contained in the budget, it is self-sustaining and not supported by taxpayer dollars.
| 2006-07 | 2007-08 |
| Appropriations |
| -General Fund | $20,375,609 | $21,567,396 |
| Revenues |
| -General Fund | $3,246,000 | $3,453,108 |
| -Appropriated Fund Balance | $646,564 | $661,986 |
| Amount Raised by Taxes | $16,483,045 | $17,452,302 |
| Assessed Valuation | $185,829,140 | $186,058,653 |
| Tax Rate Per $100 | $8.87 | $9.38 |