How to resolve AdBlock issue? BALLSTON SPA — Village of Ballston Spa Mayor Frank Rossi, Jr. this week released his Fiscal Year 2025 Tentative Budget for the budget year starting on June 1, 2024.
The budget, representing the balancing of over $7.37 million -(up from $6.80 million appropriated for FY24.
Rossi, in a statement, said the budget reflects a healthy balance of fiscal conservatism while continuing popular programs and placing accented emphasis on infrastructure repairs, enhancements and maintenance.
Highlights of the Tentative Budget include: a raise of taxes by an amount equal to the State’s allowable Tax Cap for FY25; Increases by at least 2% for most salaries and wages of Village staff members, excepting those for Trustees and the Mayor, and funding for business promotion, continued focus on arts and community events, continuation of building improvements, revitalization of parks, and funding of improved sidewalk reimbursements.
Water rates and sewer rates will continue to rise in a respectful manner to help fund major infrastructure repairs and maintenance, including the $1.25 million of proposed debt related to the village’s three water towers and their maintenance over the next 30 years, Rossi said.
The Village of Ballston Spa is permitted to increase its tax levy by about 5.33% to stay within the State’s allowable tax cap, according to the mayor.
Village property owners whose properties are located in the Town of Ballston would see their tax rate increase by 2.44%, while Village property owners whose properties are located the Town of Milton would see their tax rate increase by 3.66%, Rossi said. “These increases average out over two years to less than 3% per year for all property owners, even despite the challenges I outlined throughout the Budget Summary.”
A public hearing for the Village’s FY25 Budget is anticipated to be scheduled to take place April 8. For information about the meeting as well as the tentative budget, go to: villageofballstonspa.org.
