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Hempstead Village to hold hearing on $92.3M budget

Hempstead Mayor Wayne Hall is to deliver on

Hempstead Mayor Wayne Hall is to deliver on Wednesday his fourth annual State of the Village address, focusing on his vision for the village, his accomplishments over the past seven years as mayor and the progress of the downtown revitalization project. (2010 file photo) Photo Credit: John Dunn

The Hempstead Village board will hold a public hearing Monday on the proposed $92.3-million budget for the 2012-13 fiscal year that begins June 1.

“We are coming in under the 2 percent tax cap,” Mayor Wayne Hall said Thursday. “We are at about a 1.92 percent increase.”

The proposed tax rate is $70.60 per $100 of assessed valuation. For the 2011-12 fiscal year, the tax rate was $69.27.

“I feel good about that because that is not much of an increase,” Hall said.

Some 34 percent of the budget goes to public safety, 23 percent is for undistributed benefits and 15 percent goes for general government support.

Village officials estimate the village would obtain $55.2 million from real estate taxes, $34 million from revenue and $3.1 million from appropriated fund balances and reserves.

A copy of the proposed budget is available during regular office hours at the village clerk’s office and online at www.villageofhempstead.org. The hearing will begin at 6 p.m. Monday at Village Hall, 99 Nichols Ct.

Above: Hempstead Village Mayor Wayne Hall

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