Saranac Lake budget meets 1.31% tax cap
SARANAC LAKE — The village passed an uneventful $10.1 million budget at its meeting Monday, matching the state-imposed tax cap.
The budget meets the state tax levy cap exactly, set this year for Saranac Lake at a 1.31% allowable increase. The tax levy — the money collected from village taxpayers — will be $4.2 million, up 1.31% from last year.
Tax rates this year are equal across the three towns the village sits inside — Harrietstown, North Elba and St. Armand. The tax rate is $12.50 per every $1,000 of assessed property value, an increase of 11 cents from last year.
Village Manager John Sweeney said the budget process this year was “straightforward” and there were not many adjustments needed to meet the tax cap.
“Staff has gotten pretty used to being able to get this budget done,” he said.
He said village department heads keep their spending stable from year-to-year.
Letters included with the budget state that long-term infrastructure in the village is a concern, as some parts of its roads, water and sewer systems are around 100 years old.