Judul : Wellsville: Village Board adopts new budget, deals with loss of assessed value
link : Wellsville: Village Board adopts new budget, deals with loss of assessed value
Wellsville: Village Board adopts new budget, deals with loss of assessed value
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| Village board has to deal with lower assessment on the Kmart building in Riverwalk Plaza forcing them to rework the 2020-2021 budget |
Village passes budget
Property owners to pay $17.34 per each $1,000 of assessed value
WELLSVILLE – Monday night the 2020-2021 Village of Wellsville budget was passed unanimously.
Mayor Randy Shayler said the new tax rate is lower by one penny than last year’s rate. The tax rate is $17.34 per each $1,000 of assessed evaluation. A little over $2.2 million will be collected in taxes.
The reduction is significant Shayler said because the village lost 2-percent of its tax base,” due to the reassessment of not-for-profit properties and a drop in the assessment on the former Kmart building in the Riverwalk Plaza. The now vacant building went from $3.3 million down to $1 million in assessed value.“That had a big impact so we had to call on the department heads to make cuts in their budgets, so we could lower expenses. They were very cooperative, and we were able to make significant cuts to bring the budget down,” he said.
Costs were reduced due to the deferral of the acquisition of some equipment.
Residents will not be losing any services.
The board also:
· approved a design change in the construction of the wastewater treatment facility on the Bolivar Road, changing from using ultra-violet rays to using chlorine for treatment of wastes.
· approved a revolving loan fund request from Joe Hart, to purchase Hart Bros. and Sons Memorials located on South Main Street, for $30,000 to be paid back at an interest rate of 2-percent over 10-years. The business has been in operation since the 1950s.
The board also welcomed Melissa Mullen as the new village treasurer. She was formerly employed in the commercial loan office at Steuben Trust.
In dealing with the COVID-19 crisis, Shayler said, some village employees are working from home others are working in shifts to eliminate exposure to one another. At board meetings social distancing is maintained and department heads are joining via phone.
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