Protect Taxpayers or Protect Fund Balance? A Question for Town of Busti Voters

Property taxes in the Town of Busti from 2012 to 2019 have shot up over 70%, more than 6% per year on average. A major reason for the large Town property tax increases over the past seven years has been the management of the Town’s Unappropriated Fund Balance often referred to as “rainy day funds.” It appears the Supervisor and most Town Board members feel protecting the Fund Balance is more important than protecting Town of Busti taxpayers from high property taxes.

Property taxes in the Town of Busti* from 2012 to 2019 have shot up over 70%, from $695,673 to $1,193,318, more than 6% per year on average. Meanwhile, Appropriations in the same period climbed 22%, from $2,499,683 to $3,052,541, or 3% per year on average. The large tax increases were far over the 2% tax cap most years and fell on all Town taxpayers, but the heaviest burden landed on those outside the Village.

Only in 2017 did Town taxpayers not face higher Town property taxes when Councilman Mueller’s budget amendments in late 2016 passed the Town Board and delivered no overall Town tax increase. Since that time Councilman Mueller opposed the 2018 and 2019 budgets because they raised property taxes, directly or indirectly**, over the tax cap. Continue reading “Protect Taxpayers or Protect Fund Balance? A Question for Town of Busti Voters”