BROCTON - The newly formed board of trustees unanimously approved a new fiscal year budget recently for the village of Brocton. The new tax rate set for the village's property tax falls below the 2 percent tax cap and was returned unchanged compared to last year's budget, with the tax rate remaining at $11.03 per $1,000 of assessed valuation.
Mayor Richard Frost called for a roll call vote of the board members, approving this year's budget in the amount of $681,747 with anticipated revenues equaling $325,357 and a remaining $67,445 in the unreserved fund balance. The fiscal budget for 2016-2017 calls for $288,945 to be raised through taxes.
Members of the board also approved the waste water budget for the new fiscal year in the amount of $510,530; anticipated revenues total $436,000; and $74,530 remains in the unreserved waste water fund balance. The approved water department budget was approved in the amount of $738,923 with $133,923 remaining unreserved and anticipated revenues expected amount to $605,000. Members of the board approved the village's electric budget in the amount of $798,300 to be derived from expected revenues amounting to $798,300 with no funds remaining in the unreserved account.
Mayor Frost commented that he was satisfied with the budgets, crediting former Mayor Dave Hazleton and his board for their hard work.
"Dave actually prepared this budget. And I reviewed it at length and went over all of the questions I had with the board and department leaders. And I was satisfied with their answers."
Reporting in the absence of Department of Public Works and Streets Supervisor Tom Allen, Trustee Gary Planty noted that the CHIPs money to be issued to the village will come in over $38,000 above budget. The increase is the result of a bi-partisan effort between highway superintendents and state assembly members cal-ling for an increase in funding for local bridges, road and culverts and to also bring parity between funding for upstate and downstate communities. Allen has been keeping board members updated on the progress of their efforts through his involvement with the County Highway Superintendents Association.
Trustee Bryan Woleben also reported on behalf of Allen, noting that guard rails for the Peerless Street Bridge project are expected any time and the project will be able to pick up speed soon thereafter.
During his Mayor's Report, Frost said "10 East Main Street is deteriorating quickly. We have some meetings set up, and once we know more, we will announce that. We're rapidly trying to fix it."