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Babylon Village expected to exceed state's 2% tax cap, citing Sandy cleanup
Babylon Village Mayor Ralph Scordino, citing cleanup expenses from superstorm Sandy, said Wednesday that he expects the board of trustees to vote to exceed the state’s 2 percent cap on tax levy increases after a public hearing Feb. 12.
“We still haven’t received any money from FEMA,” said Scordino, referring to the Federal Emergency Management Agency. Scordino has said that the village has spent more than $1 million on storm cleanup. “Right now that million is coming out of my budget. ... We don’t have that much money in reserve.”
Property taxes supply much of the revenue for the village’s $8.6 million budget, and Scordino said he anticipated “some sort of decrease in our tax revenue from the effects of Sandy.”
Tags: Babylon Village