Board Workshop on the Tentative Budget

Board Workshop on the Tentative Budget

Posted April 7, 2022
Tomorrow, the Board of Trustees holds a Budget Workshop at noon at the Village Hall. You may join us in person or via Zoom.

Because it is a Workshop, there will be no public comment; however, the benefit of attending is that you can observe our discussions and debates.

The Board will schedule a Public Hearing on the Budget for the following week. The Hearing is the optimum time for you to participate during the comment period.

I was honored at Tuesday's meeting when Trustee Paul Brooke proposed a $35,000 Executive Salary for the Mayor. Most Trustees support this action and did not request compensation for themselves in the coming fiscal year.

The Village received its Fiscal & Environmental Stress Scores today from the NYS Comptroller. The results are terrific:

Dear Village Clerk-Treasurer Doherty:
 

The Office of the State Comptroller uses the Fiscal Stress Monitoring System to examine the annual financial information reported by your Village. This analysis provides an objective assessment of the fiscal challenges facing individual local governments and school districts, identifying situations where corrective action may be needed. These 2021 scores are based on fiscal year-end results.
 

As of February 28, 2022, our review of your Village's 2021 Annual Update Document (AUD) has been completed. Detailed information about your Village's fiscal stress condition is available on our website using the user name and password above.
 

Your Village's fiscal stress scores and designations are summarized below:

 

 

Fiscal Stress

Environmental Stress

FYE

Score

Designation

Score

Designation

2019

1.7

No Designation

13.3

No Designation

2020

1.7

No Designation

6.7

No Designation

2021

1.7

No Designation

16.7

No Designation

 
The lower the score, the better. The scores can range from 0 to 100. No Designation means there is no fiscal or environmental stress identified. Scores above 45 points indicate stress and can range from Susceptible to Stress (45-55); Moderate Stress (55-65): Significant Stress (65-100).
 
A heartfelt thanks to all that helped us achieve our financial status.

 

Mayor Mac