The Cortlandville property tax rate will increase 1.8% in the 2021 budget, which the Cortlandville Town Board adopted unanimously Wednesday night.
General fund spending would increase by 2.4% from 2020’s adopted budget, to $7.9 million from $7.7 million.
Town Supervisor Tom Williams noted the tax rate per $1,000 of assessed property value increased 6 cents, or 1.8%.
“It certainly isn’t as large as some of the other municipalities around,” Williams said. “It really wasn’t a bad budget.”
The budget most notably features $900,000 for new security improvements in the Raymond G. Thorpe Municipal Building and a storage facility for the town’s Highway Department, Richard Tupper, the former town supervisor, said previously.
Costs for those though would be eased by about $500,000 being carried over from the 2020 budget saved from not paving roads this year and cutting about $250,000 for highway department equipment that will be paid for from the 2020 budget’s reserve funds.
Tupper was retained to help Williams create the 2021 spending plan, as Williams did not have experience in creating budgets, Williams said previously.
The final amount of sales tax revenue, which has likely been reduced because of the coronavirus pandemic, has yet to be seen, Williams said Wednesday.
“The biggest area for all of us is sales tax,” he said. “We’re not sure how it’s ending up this year.”
Generally, the town takes in about $2 million in sales tax. For 2020, that number was about $2.3 million. However, for 2021, the town has budgeted for about $2 million in sales tax revenue.