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Apr 6, 2011 12:10 PMPublication: The Southampton Press

Southampton Village Drafts $23.6 Million Budget

Apr 6, 2011 12:10 PM

A draft of Southampton Village’s proposed $23.6 million budget for 2011-12 projects a 14-percent, or $2.9 million, spending hike over the current year’s $20.7 million spending plan.

If the budget were adopted as is, the village tax rate would increase from $15.99 to $16.96 per $100 of assessed valuation, a 6-percent jump. An average taxpayer, living in a home valued at $1 million, with an assessed valuation of $11,416, could expect to see a 6-percent increase in his or her tax bill, from $1,825 to $1,936.

As part of the plan, the figures budgeted for employee benefits are expected to climb across the board, from about $5.1 million to $6.3 million, or 23.5 percent, largely because of growing retirement and health care costs.

The Village Board will hold two public hearings on the budget—on Thursday, April 14, at 6 p.m., and on Tuesday, April 26, at 5 p.m. at Village Hall on Main Street. The budget is expected to be adopted on April 26.

The fiscal year runs from June 1 to May 31.

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My goodness, look at those percentage increases!

Notably employee benefits at 23.5% increase year-over-year !!!

One hopes that the Village has on hand the budget implications for the next 20-30 years if these costs (especially retirement costs) continue on the road to destruction.

Can you say and spell out: "MUNICIPAL BANKRUPTCY" ???

Go downtown each morning at 6-7 AM, and witness the army of workers making everything look real pretty, as a starter.

And ...more
By PBR (4956), Southampton on Apr 6, 11 1:32 PM
Southampton Village and East End has been for the past 5 years
has grown in density due to increase of undocumented/illegal workers
who have changed our Villages and Towns to a point where public
opinion and rule of law has been ignored! I believe it is time not to increase
our budgets but to really look at what's been spent on individuals who
require care and assistance in terms of food, lodging, schools and healthcare which have burdened the taxpayers. It is time to right ...more
By East Ender (64), Southampton on Apr 15, 11 7:02 AM