H’port taxes could rise for 2012
Property taxes and water rates are likely to go up next year in the village of Hammondsport, with a public hearing on the 2012 budget slated for 6 p.m. Jan. 10.
Next year’s proposed budget of $623,070 is $8,495 higher than the current budget of $614,575.
Village officials said the tentative 27-cent property tax rate increase, from $6.84 to $7.11 is largely due to declining property values.
Village Mayor Emery Cummings said a key factor in drop in the village’s property assessments is the recent loss of Mercury Aircraft. Mercury Aircraft, a private firm, which left its Hammondsport location without much public notice.
Cummings said village water rates could also increase under the new budget, which must be in place in February.
The increase -- the first in six years -- would cost customers $6.32 per 1,000 cubic feet of water, up $1.62 from the current rate of $4.70 per $1,000 cubic feet.
“In the past, we’ve been using our fund balance to cover the cost, Cummings said. “But it’s had an impact on the fund balance.”
Hammondsport is one of two villages in the state that begins the budget year in March. Most villages submit budgets on the same annual schedule as cities, in May.