MASSENA - When village trustees begin to work on the 2014-15 budget sometime next year, theyre going to be starting the process already more than $100,000 in the hole.
Village Treasurer Julie Sharlow delivered that news to trustees Tuesday night.
Our up and coming budget doesnt look too promising, Ms. Sharlow said, noting last year the village used $522,000 in fund balance, while using $527,000 in fund balance the year before.
However, when the village closes its books on the 2013-2014 fiscal year, Ms. Sharlow said shes estimating an available fund balance of only $400,000.
Trustee Timothy J. Ahlfeld immediately realized this was not good news.
Were looking at $120,000 we have to make up already, he said.
Ms. Sharlow said in all reality, the deficit would actually be more than that, as she would not recommend wiping out the fund balance and using all of the approximately $400,000 shes expecting to be left.
I wouldnt appropriate the whole thing either, she said.
Mayor James F. Hidy said the difficult thing will be coming up with a budget acceptable to the villages taxpayers.
We have to look at how much we can afford to raise our taxes without giving a sticker shock to our residents. he said.
Realizing that the sales tax increase has since gone into effect, Mr. Ahlfeld asked Ms. Sharlow what kind of additional revenue the village can expect because of that.
Its too early to tell, she said, adding initial estimates from the county showed the village receiving between $115,000 and $120,000 in additional revenue.
During the citizens comments portion of the evening, R. Shawn Gray noted that estimate may or may not be accurate as the percentage of additional revenue the county was going to distribute to municipalities changed several times.
Former village Trustee Joseph Macaulay also spoke during citizens comments and said he was going to repeat something he often said during his tenure on the board.
Part of the problem is the village has never seen a job it didnt fill, he said.