Glen Cove Budget 2022: No property tax rate change in the $64.7 million financial plan

Glenn Cove’s 2022 budget of $64.7 million increases the tax rate by 0.4% while keeping the rates the same for residential property owners and reducing the rates on commercial properties.

The budget, which the city council approved 6-0 at its meeting last Tuesday, is starkly different from the 2021 fiscal plan. Last year, two council members voted against the budget, which raised the levy tax by 6.8% and eliminated eight jobs where Glen faced Cove reduced state and county aid due to the pandemic.

Mayor Timothy Tinke, who abstained as required by the city charter, said at the meeting that he believed history would show, “This is a very good budget. It’s the heart of the ship. We’re going in the right direction.”

Tinke said in a budget presentation Oct. 12 that the city expects to restore state and Nassau County aid — both of which have been cut in this year’s budget due to the pandemic —. Tinke said that state aid in 2022 is expected to reach $2.8 million, an increase of $568,000 from 2021, with aid for the province next year at about $1.6 million, an increase of $418,000.

The increase in tax collection, even with lower or remaining property tax rates, is partly due to the expiration of payment in lieu of taxes. [PILOT] Agreement returns an apartment building to tax lists next year.

Council member Marsha Silverman, who voted against the 2021 budget, said 2022 is “fairly reasonable”.

“We are hiring a number of positions that were vacant or laid off last year and are providing funding to some previously underfunded areas, such as transit guards and auxiliary police who are providing an amazing service to our community.”

Silverman said she was concerned that the city did not have a five-year financial plan to prepare for future expenditures and revenue.

“Budgeting shouldn’t be a once-a-year activity,” Silverman said.

Councilman Jetley Stephenson-Matthews, who also voted against the budget last year, praised City Superintendent Michael Piccirillo for his work on the 2022 budget. Stephenson-Matthews said the city needs to be careful about how it distributes pilots.

“Having the pilot back on the plane makes a huge difference,” he said.

The pilots are used as an incentive to attract development by reducing the property tax burden on companies that create or maintain jobs. They’re often controversial: critics claim they can be costly tax breaks for businesses that don’t need them; Proponents argue that projects that benefit society will not be built without incentives.

Stevenson Matthews said bad pilot agreements are “killing us.”

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