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Asharoken proposes 1.8% budget hike, under tax cap

Asharoken Village Hall shown on Sept. 14, 2012.

Asharoken Village Hall shown on Sept. 14, 2012. (Credit: Andrew Kozak)

Asharoken officials have presented a tentative budget for next year that doesn’t pierce the state’s tax levy cap and would cost homeowners an additional $120 in taxes.

The village board of trustees held a public hearing for next year’s tentative budget, which is $2,026,775, about an 1.8 percent increase from this year.

The tentative budget also represents a 3 percent tax levy increase and 3.66 percent tax rate hike. The village’s state tax levy cap is 3.1 percent, said village clerk Nancy Rittenhouse.

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Mayor Gregory Letica said the budget increase came primarily “from things that we have no control over.” Letica said police and state employee retirement pension contributions have risen $22,375, health insurance costs increased by $7,000, and workers’ compensation insurance by $4,000.

Next year’s budget has to be finalized by April 1, officials said. Asharoken’s budget runs from June 1 to May 31. Copies of the budget are available at the Village Hall and on the village’s website.

The village has received $364,784 in donations and has a $25,000 pledge toward the new village hall project, said Rittenhouse.

Tags: Asharoken , budget , tax cap

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