Written by Joe Rizza Friday, 09 April 2010 00:00
Years of sound fiscal management has paid off for the Village of Mineola when taxpayers may need it the most. During a difficult economy when taxpayers need a break from tax increases, Mineola Mayor Jack M. Martins and the Village of Mineola Board of Trustees plan on giving them one. Last week, the board discussed a budget for the 2010-2011 fiscal year, which begins June 1, 2010 and ends May 31, 2011, that holds the line on village taxes. The tentative budget currently being discussed by the village board actually decreases spending.
“By adhering to disciplined financial practices, reducing costs, and refusing new long-term debt, we are able to absorb the blows dealt by a troubled economy without raising taxes or cutting services,” stated Mayor Martins in a statement that can be found in its entirety in the editorial section of this newspaper. “Several years ago I asked Mineola taxpayers to do more with less during flush economies so that we could work together to achieve real, long-term tax relief within three to five years. This year would have seen the beginning of that tax relief effort were it not for unprecedented economic forces.”
The tentative budget for the 2010-2011 fiscal year actually decreases spending from the budget that was adopted last spring. The General Fund for the budget that was adopted for the 2009-2010 fiscal year amounted to $18,187,678 in expenditures with $12,859,700 to be raised by property taxes.
The tentative budget for the 2010-2011 fiscal year calls for $18,166,160, in expenditures in the General Fund, a decrease of $21,518 in spending. The amount to be raised by property taxes is $12,592,984, a decrease $266,716.
Mayor Martins said the village would be able to put forth a budget that calls for no tax increase despite the increase in employee pension costs. He also pointed out that despite a decrease in spending, the proposed budget doesn’t contain any cuts to services.
“We have worked very diligently over the years to put the village in a position to weather tough economic times,” Mayor Martins said.
The village board will be holding a budget hearing this week, on Thursday, April 8 at 6:30 p.m. in Mineola Village Hall. The public can ask questions and make suggestions about the proposed 2010-2011 budget. The board could vote on whether to adopt the budget following the hearing.