Thursday, 08 October 2020 14:39

LEGAL NOTICE: City Council of the City of Saratoga Springs will conduct a public hearing on Tuesday, Oct. 20

By John P. Franck, City Clerk | Business

LEGAL NOTICE

PLEASE TAKE NOTICE that the City Council of the City of Saratoga Springs, New York will conduct a public hearing on Tuesday, October 20, 2020 at 6:45 p.m., or as soon thereafter as the below matter can be reached, in the City Council Room, City Hall, in the City of Saratoga Springs, New York, to hear all those persons who wish to speak in regard to the provisions of the proposed 2021 Comprehensive Budget for the City of Saratoga Springs, New York.  A second public hearing will be announced at a later date.

A copy of the proposed 2021 Comprehensive Budget and Budget Message is available for inspection in the City Clerk’s Office in City Hall, 474 Broadway, in the City of Saratoga Springs, Monday 9:00 a.m. – 5:00 p.m.; Tuesday through Friday 9:00 a.m. – 4:30 p.m., and on the City web site at http://www.saratoga-springs.org.

A summary of the proposed 2021 Comprehensive Budget is as follows:

Revenues – General Fund

Revenue without Tax Levy

-$24,795,943.88

Tax Levy (Real Property Tax)

-$17,083,984.00

Total General Fund Revenues

-$41,879,927.88

Expenses – All Funds

A - General Fund

$41,879,927.88

E - City Center Authority

$1,519,374

F - Water Fund

$4,056,543.96

G - Sewer Fund

$5,303,564.74

H - Capital Projects Fund

$11,194,660.00

P - Special Assessment District (SAD)

$138,262.00

Q - West Ave Special Assessment District (WASAD)

$51,003.00

V - Debt Service Fund

$4,673,980.28

GRAND TOTAL ALL FUNDS 

68,817,315.86

DRAFT Tax Rate Information

Taxable Assessed Value

$ 3,303,422,583.00

Draft Gen Fund Tax Levy

$ 17,083,984.00

Draft Debt Service Fund Tax Levy

 $4,074,228.00

Draft Combined* Tax Levy

$21,158,212

Draft Combined* Inside Tax Rate

$ 6.4324

Draft Combined* Outside Tax Rate

$ 6.3721

* Combined includes both Debt Service and General Fund.

These tax rates are preliminary only, for the purpose of this proposed 2021 Budget.
Dated:  October 7, 2020
CITY COUNCIL OF THE CITY OF SARATOGA SPRINGS, NEW YORK
By:    John P. Franck, City Clerk

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