Friday, January 8, 2016

2015 Budget Review

2015 Budget Recap

General Fund (fund used to pay for town government from all Saugerties taxpayers)
The 2015 budget will go down as a missed opportunity for the Town Board to significantly reduce spending and property taxes. 

Savings due to the County takeover of Safety Net & election costs and lower bond payments combined with new revenues totaled over $300,000.  However, new spending (excluding fringe benefits) increased by over $355,000.  The new spending went to raises for elected officials and department heads and increased departmental spending.   Police spending increased by 6% and Parks/Buildings increased by 6.4%.

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