News

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

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