HomeOyster Bay’s proposed $311 million budget keeps tax levy flat, boosts payroll spending in 2022

Oyster Bay’s proposed $311 million budget keeps tax levy flat, boosts payroll spending in 2022

Oyster Bay Town Superintendent Joseph Saladino’s proposed budget for 2022 would keep spending flat for the first time since he took office in 2017.

The $311.6 million proposal will increase payroll spending and contractual expenses while employee benefits will remain flat and debt servicing costs will decrease. The city’s tax levy, calculated under the state’s tax cap, will also remain flat at $232.9 million.

“The town of Oyster Bay is providing better services than ever, even during the Covid pandemic, and we will continue to do so,” Saladino said at the October 5 city council meeting at which the budget was proposed.

The city has scheduled budget hearings for Tuesday.

Saladino touted recent upgrades by Moody’s Investors Service and Standard & Poor’s, which over the summer raised the city’s credit rating to A3 and A+, respectively.

“Our A+ credit rating means we save big money for taxpayers every time we commit to road improvements and infrastructure projects, even when we commit to helping water areas with the equipment they need to keep them. “Drink potable water,” Saladino said.

Saladino took credit at that meeting to reduce the borough from an operating deficit of $44 million, although the city’s audited 2020 financial statement shows that the borough’s deficit of $44.6 million in 2015 was reduced to $23.4 million in 2016 under the supervision of the superintendent. Former John Vendetto. The town ended 2020 with an operating surplus of $47.6 million, according to its audited financial statement.

City spending has increased each year under Saladino, rising from $284.1 million in his approved 2017 budget to $299.1 million in his first budget in 2018, and to $311.6 million in his approved 2021 budget, an increase of 9.6% over five years.

Payroll spending has risen sharply under Saladino, from $77 million in the approved 2017 budget he inherited when he took office in January of that year to $93.6 million in the proposed 2022 budget. If the budget were adopted, spending on salaries would have increased by 21.5% over six years.

According to the latest borrowing prospectus, Oyster Bay started 2017 with 1,025 full-time employees, reduced that number to 993 in 2019 and back to 1,025 in January 2017.

Although the city council cut the tax rate by 0.5% in 2018, it remained above pre-2017 levels by more than $20 million. What individual property owners pay in taxes depends on where they live and the levies that apply to them. The general fund tax, which applies to all real estate, will increase by $3.5 million to $59.1 million in the proposed budget, compared to 2021. Other fees, including those for the two health branches Counties and parking area, you will fall.

One fee that has fallen sharply since 2017 is the Part Town tax that funds the Oyster Bay buildings and the Planning Department. That tax was reduced from $2.4 million in 2017 to $100,000 in the proposed 2022 budget, as tax revenue has been largely replaced by fee income. The city raised some building permit fees in January 2017, before Saladino took office that month, city spokesperson Brian Nevin wrote in an email.

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