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New Castle's 2015 Budget Calls For 0.20 Percent Tax Levy Increase

The New Castle Town Board at its Oct. 14 meeting.
The New Castle Town Board at its Oct. 14 meeting. Photo Credit: Tom Auchterlonie

CHAPPAQUA, N.Y. -- The Town of New Castle's tentative 2015 budget has a 0.20-percent tax levy increase, which is the lowest in recent years.

The levy is proposed to increase by $39,618 from the previous year. The tax levy, which represents the amount of the budget that is funded by property tax revenue, would be almost $20.2 million. Total spending for the budget is more than $36.8 million.

The increase is the smallest in recent years. A chart included in the budget shows that the levy rose by 2.01 percent for 2014 and increased by similar amounts in the three fiscal years before that. The next-lowest amount that the levy rose in the chart was for 2010, which was by 1.47 percent

The budget's proposed tax rate, which represents what taxpayers owe per $1,000 of assessed value, would rise by about 1.56 percent, going from more than $14.09 per $1,000 to more than $14.31.

The budget comes under the state-mandated tax levy cap. There is no cap on the tax rate.

The average household would have a $10 rise in the combined town tax and special district bill.

Asked about the levy increase, Town Supervisor Rob Greenstein cited savings with a new refuse contract and workers' compensation; both changes will yield 6-figure savings.

The budget is subject to further revision, however.

In a report at the Town Board's Oct. 14 meeting, Town Administrator Jill Shapiro expected asking the town to set a public hearing by the end of October.

The tentative budget is available here.

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