Glen Cove Budget 2022: No change to property tax rate in financial plan of $ 64.7M
Glen Cove’s 2022 budget of $ 64.7 million increases the tax levy by 0.4% while maintaining the same rates for residential owners and lowering rates on commercial properties.
The budget, which city council approved 6-0 at its meeting last Tuesday, is radically different from the 2021 budget plan. Last year, two council members voted against the budget, which increased the tax levy by 6.8% and cut eight jobs as Glen Cove faced reduced state and county aid due to the pandemic.
Mayor Timothy Tenke, who abstained from voting as required by the city’s charter, told the meeting that he believed history would show “this is a very good budget. It turns the world around. ship. We are heading in the right direction. “
The city expects Nassau State and County aid – both cut in the current year’s budget due to the pandemic – to be reinstated, Tenke said in a budget presentation on October 12. State aid in 2022 is expected to rise to $ 2.8 million, an increase of $ 568,000 from 2021, with county aid next year estimated at $ 1.6 million , an increase of $ 418,000, Tenke said.
The increase in the tax levy – even if property tax rates fall or stay the same – is in part due to the expiration of a payment in lieu of taxes [PILOT] agreement that returns an apartment building to the tax roll next year.
Councilor Marsha Silverman, who voted against the 2021 budget, said the 2022 budget was “fairly reasonable.”
âWe are recruiting a number of vacancies or layoffs over the past year and we are providing funding for some areas that were previously underfunded, such as crossing guards and auxiliary police who render a great service to our community. “
Silverman said she was concerned that the city does not have a five-year financial plan to prepare for future expenses and income.
âBudgeting shouldn’t be an annual activity,â said Silverman.
Councilor Gaitley Stevenson-Mathews, who also voted against the budget last year, praised City Comptroller Michael Piccirillo for his work on the 2022 budget. Stevenson-Mathews said the city needs to be careful how the PILOTS are distributed.
“This PILOT who is coming back on board is making a big difference,” he said.
PILOTS are used as an incentive to attract development by reducing the property tax burden on businesses that create or maintain jobs. They are often controversial: critics argue that they can be costly tax breaks given to businesses that don’t need them; proponents argue that projects benefiting the community would never be built without the incentives.
Stevenson-Mathews said the bad PILOT agreements “are killing us”.