The Ramapo Town Board will meet at 8 p.m. today to discuss the proposed budget of $84.3 million.
The 2014 spending plan is about $6 million less than this year’s plan of $90.4 million, but taxes would still rise. It appears that the town is trying to fix its overestimated revenue projection in the 2013 budget.
If approved, the 2014 budget would require to raise $61 million in taxes, which is up about 6.5 percent more, or up $3.76 million, compared to the 2013 levy of $57.24 million.
Town-wide taxes would rise by $138.25, or about 25 percent, for every $50,000 of assessed value.
Taxes for outside of villages would be reduced by $53, or about 12 percent, for every $50,000 assessed value.
Taxes for police services will rise by $4.5, or about 0.3 percent, for every $50,000 assessed value.
For a resident who lives in an unincorporated area of Ramapo whose property is assessed at $50,000 will pay $89 more in taxes, or about 3.9 percent more in taxes.
The town expects $9.96 million decrease in its 2014 revenue, causing a tax hike.
The 2013 budget listed $33.27 million as a projected revenue, but in 2014, the line was reduced to $23.31 million.
A major revenue decrease is seen in the line from Ramapo Local Development Corp., which was projected as $6.23 million in the 2013 budget. The year to date, the town received nothing from the entity, which was created to handle financing of the town’s controversial baseball stadium and the Ramapo Commons housing development. The 2014 tentative budget estimates to receive $1.55 million.