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At their latest board meeting, the trustees approved a $15.2 million spending plan that represents a budget-to-budget increase of just $500,000 and a tax levy increase of 4.35 percent, topping the 1.68 percent cap.
The adopted budget, which covers the fiscal year from June 1 to May 31 next year, introduces a tax rate decrease of more than 1 percent. Homeowners will see a reduction of approximately $50 on their taxes, despite the tax levy increase, which was affected by expected borrowing and bond applications for capital projects to improve the village’s infrastructure.
According to Bronxville Mayor Mary Marvin the capital projects budget will include roadway paving and repairs, as the village continues to recover from a wild winter that saw snow and ice accumulation along the east coast. Nearly $3.5 million has been pledged for capital projects that will be completed over the next two years.
“In tandem with our yearly operating budget, the trustees, village staff and I have crafted a very comprehensive capital budget,” she stated. “It is quite far reaching and aggressive as we deal with a village infrastructure, both above and below the ground that is now 100-plus-years-old.”
Additionally, funds have been pledged for tree maintenance and purchase after dozens were knocked down and destroyed by the various hurricanes and storms that have hit Bronxville in the past few years. A new garbage truck will be purchased for $200,000. $250,000 in funds will also be used to upgrade the efficiency of lighting configuration in the village.
Marvin noted that this is just the beginning of improvements that will be made to the village in the coming years. She assured homeowners that what isn’t accounted for in the current budget will be addressed soon.
“Given the age and historic significance of our village, there are still many more capital projects worthy of investment that didn’t rise to priority status but shall be undertaken in future years.”
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