Oyster Bay to hold hearings on proposed 2014 budget

The Oyster Bay Town board will hold a hearing Tuesday and Tuesday night on its proposed 2014 budget.

The spending plan totals $276,754,036, down 0.1 percent from this year’s budget of $277,053,057. The tax rates will be set once assessed valuation numbers are received from Nassau County next month. At that time, it will be known whether the tax levy falls within the state tax cap set this year at 1.66 percent for most municipalities.

Town officials said there were no major increases or decreases in any spending area. The town budgeted $17 million for land sales in the current budget. Since voters approved selling the public works complex in Syosset for $32.5 million in an August referendum, the town is carrying over a surplus of $7 million into 2014. The remaining land sale money is being applied to other expenses in the current budget, town officials said. The board will hold hearings at 10 a.m. and 7 p.m. at town hall in Oyster Bay.