Community Corner

Piermont Adopts Budget, Does Not Exceed Cap

Fiscal plan includes no employee layoffs

Piermont lawmakers adopted the village's 2012-13 budget Tuesday night, a fiscal plan that raises the homestead tax rate by 13-percent over last fiscal year, or $6.73 per $1,000.

The non-homestead tax rate, which applies to commercial buildings, will decrease by about one-third of a percent.

The budget's expenses come in around $5.2 million, . The driving factors for the swell are New York State retirement contributions, which increased by over $100,000, and the budget, which is up about $50,000 due to a new part-time officer and equipment upgrades.

Find out what's happening in Nyack-Piermontwith free, real-time updates from Patch.

Piermont aims to raise $4.3 million through property taxes, or 3.4-percent more than last year—still, due to certain stipulations, the uptick remains under governor Andrew Cuomo's two-percent tax cap.

"We are not going to override the tax cap—we do not need to pass a local law," said Christopher Sanders, Piermont's mayor, Tuesday evening.

Find out what's happening in Nyack-Piermontwith free, real-time updates from Patch.

The state does not factor certain expenses, like pensions, when calculating the tax cap, allowing some municipalities to exceed two-percent but remain beneath the ceiling.

With the exclusions noted, Sanders said the village's property tax levy increase comes to about one-percent.

--

For a breakdown of Piermont tax hikes over the years, click .


Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

We’ve removed the ability to reply as we work to make improvements. Learn more here