Glen adopts $2M budget
GLEN — The town board adopted its 2020 budget of approximately $2 million at its regular meeting on Monday.
Supervisor John Thomas said he’s “happy” with the adopted budget.
“We spent a lot of time on it,” Thomas said. “I think it’s a good budget.”
The 2020 budget remains under the tax cap and shows an increase in property taxes from the current budget of $395,026 to $405,026 which is a $10,000 increase.
Thomas said that is a tiny increase.
“The county tax is going up, so tax payers will see an increase in that,” Thomas said.
Earlier this month, the Montgomery County Legislature adopted the 2020 budget of $119 million.
The adopted county budget shows a 4.97 percent tax levy increase which is 3.2 percent under the imposed tax cap of 5.29 percent.
The general fund balance usage for 2020 is down $800,000 from the current year, at $2.9 million.
The sales tax figures are estimated at $30.5 million for 2020, an increase of $1.7 million compared to the 2019 budget.
The town of Glen also recently saw a water rate increase of 400 percent for residential and commercial rates.
The increase comes after the town’s water provider, the village of Fultonville, increased their water rates in June 2018. Glen buys their water from the village of Fultonville at twice the village residential water rate which is $7.15 per 1,000 gallons.
The town of Glen’s existing rate was $3.50 per 1,000 gallons and is now approximately $14 per 1,000 gallons.
Although the town is seeing an extreme water rate increase, the town only has 14 water customers — 12 commercial and two residential. That includes the Montgomery County Correctional Facility, the industrial park, the leather mill and a trucking company.