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ROTTERDAM
Town eyes fund balance to avoid tax increase
BY JUSTIN MASON Gazette Reporter
Reach Gazette reporter Justin Mason at 395-3113 or jmason@dailygazette.net.

    Rotterdam officials have again tapped the town’s fund balance to avoid increases in residential taxes.
    The proposed $20.5 million 2010 budget increases the general and highway fund levy by $194,393, but decreases the estimated residential tax rate by roughly 0.44 percent under the town’s dual tax system. Commercial tax rates would increase by 3.93 percent, according to the spending plan.
    Supervisor Steve Tommasone said the budget reflects a level spending plan that takes the lagging economy into consideration. He said using the fund balance is a way to ensure residents aren’t pinched by budgetary increases that are not discretionary.
    “We’re working very diligently to wait out the economy,” he said Monday. “People can’t afford to pay much more.”
    The budget relies on using both the general and highway fund balances to stave off tax increases. Town Comptroller Pat Aragosa said the budget allocates $1.7 million of the general fund balance and $197,000 of the highway fund balance.
    Aragosa said the town can sustain the use of fund balance again this year. He said the general fund balance will drop to about $1 million, which is still an acceptable amount to keep on hand.
    “It’s not there forever,” Aragosa said of the fund balance.
    The proposed budget includes a residential tax rate of $3.36 per $1,000 of assessed value. That equates to about $588 for a $175,000 home, not including special districts. ................>>>>.....................>>>>...........................................http://www.dailygazette.net/De.....r01002&AppName=1

What I find amusing and a direct indication of the EGO's lack of understanding of not only the budget process but his constant referals to the reval from 2007 as a reason for the commercial/property tax increases.  Steve get it through your thick gumba head, when the assessed values go up the tax rate goes down.  If your hand picked henchman Surprise is adding assessed value to the tax roll, YOUR TAX RATE should go down.  

As the worm turns in Rotterdam.  It wasn't that long ago when Sigsnore ran for Supervisor he railed against the Dems using the fund balance to offset increases, he railed against bonding, he railed against gimmicks in the budget....my, my, my how things have changed but really stay the same.

The EGO has landed!

Where is the Interfaith Queen, railing against use of the term "Gumba" as a slur? Where is Sal? Where are all the rest from the anti-defamation league? Nowhere, that is where. Because if you are a Democrat supporter you can talk any trash you want. Only right-leaning Republicans or Conservatives get the "hate speech" label and the phony gnashing of teeth and beating of breasts from the left. That is why one of the their senior senators was a grand wizard of the KKK and yet that never gets a mention or a rebuke...

And yes Puddy, we saw the Drudge Report the other day. You copped that headline and when I saw it then I wondered how long it would be before you guys used it here!!!  

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What I find amusing and a direct indication of the EGO's lack of understanding of not only the budget process but his constant referals to the reval from 2007 as a reason for the commercial/property tax increases.  Steve get it through your thick gumba head, when the assessed values go up the tax rate goes down.  If your hand picked henchman Surprise is adding assessed value to the tax roll, YOUR TAX RATE should go down.  

As the worm turns in Rotterdam.  It wasn't that long ago when Sigsnore ran for Supervisor he railed against the Dems using the fund balance to offset increases, he railed against bonding, he railed against gimmicks in the budget....my, my, my how things have changed but really stay the same.

The EGO has landed!

Care to comment on the gumba's stunad assertions on the reason's behind his commercial/property tax hike?  I'll be waiting GB

Better yet he should take more time to learn assessment and budget 101 instead of pointing fingers away from the real issue....The lack of leadership from your GOP Party.

The EGO has landed.  And I heard it from Rush.  He took it out of my head.  I was saving it for November 4, 2009.

TAX RATES NEVER GO DOWN.....levy levy levy levy levy-----equalize that.......I want value,,,I demand value......

dont short the next generations.......if certain folks get voted in the lesson of "God helps those who help themselves(to others stuff)"
will ring true......

I dont care if you own a $500,000 home----rate for levy=10%

I dont care if you own a $100,000 home----rate for levy=10%

you dont like your share?----freakin' move on or buy more friends in government to lobby for loophole this and loophole that and
pretty soon ya got a chain attached to the ring in your nose and your being dragged around as a eunich.......