Village To Hold FormalBudget Hearing By Stephanie Mariel Petrellese

A formal hearing on the 2005-2006 Village budget will be held at the annual organizational meeting on April 4. The budget briefing session, which was scheduled to be held after the March 17th Board of Trustees meeting, was cancelled since the meeting ended late.

The tentative 2005-2006 budget totals $50,056,695, an increase of 3.44 percent from the 2004-2005 budget. The tax rate will increase 5.97 percent from last year, requiring the "average home," which is a home assessed at $13,200, to pay an additional $266.64 in Village taxes per year. Last year the average homeowner had to pay an additional $139.92 in Village taxes per year.