Town of Greece Supervisor Bill Reilich and the Greece Town Board have released the proposed budget for the town which again includes a reduction in the property tax rate from $6.285 per $1,000 in property value to $6.225 per $1,000 in property value, a 6 cent reduction.
“This is a continuation of our efforts to steadily reduce the town tax rate in the Town of Greece” said Supervisor Reilich. “Our tax rate is now lower than it was ten years ago, and we continue to keep our costs under control. We’ve paid off the debt on the Town Hall and the Library as well. Everything we have done has been to ensure the proper management of town finances. We fully expect to continue on this course for the foreseeable future”.
In addition to the proposed 2020 budget tax decrease, our capital plan includes the continuation of our commitment to public infrastructure. Over $2.25 million in cash will be put towards road maintenance and improvements. It includes additional improvements to our service mall area, an allocation for park and playground upgrades and a commitment to green energy initiatives. Most important to note perhaps is there is no borrowing for any capital improvements.
“We are proud of our 2020 proposed budget and believe it is good for our residents, our families and our businesses. It continues to strengthen our investment in the town’s infrastructure while controlling costs and reducing the tax rate” Reilich said. “We continue to maintain a balanced budget with reasonable estimates of costs and revenues. We have a high AA rating from Standard and Poor’s and they specifically referenced our strong financial management in their reviews. Additionally, the town received a 1.7 on the NYS Comptroller’s Fiscal Stress Monitoring System that indicates a ‘no designation’ which is the most favorable listing”.