Politics & Government
Suozzi Proposes $69.9 M Budget for Glen Cove
Budget proposes 1.67 percent residential tax rate increase and 3.24 percent commercial tax rate increase for 2014.
Mayor Ralph Suozzi presented a $69,905,527 budget for 2014 to the public at Tuesday's Glen Cove City Council meeting.
The proposed budget represents a 1.67 percent increase in the residential tax rate and a 3.24 percent increase in the commercial tax rate from last year. The total increase in real estate tax is $420,733, an increase of 1.44 percent.
The proposed property tax levy increase falls below the state's tax cap law at 1.4 percent, increasing from $29.3 million to $29.7 million.
The budget includes plans to borrow money to pay tax certiorari, which Suozzi said he would have liked to avoid. Councilman Reginald Spinello, running against Suozzi in November's mayoral election, called such borrowing practices "kicking the can down the road."
The city council will vote on the budget on Oct. 22. You can see a copy of the proposed budget here.
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