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1998-11-18 SPM11/18/98.SPM A Special Town Board Meeting was held on November 18, 1998 at the Town Hall 20 Middlebush Road, Wappingers Falls, New York. Supervisor Smith called the meeting to order at 7:35 p.m. Present: Constance Smith, Supervisor Robert Valdati, Councilman Vincent Bettina, Councilman Joseph Ruggiero, Councilman Joseph Paoloni Councilman (arrived 7:40 p.m.) Elaine H. Snowden, Town Clerk The Supervisor scheduled the Special Meeting to consider the adoption of the Preliminary Budget for 1999. Supervisor Smith announced that the Village Tax was .89 cents per thousand, last year, and this year its $1.17. which is a 31% increase. The town residential homestead is 9% increase. It went from $2.55 to $2.79. The non -homestead commercial village was $1.79, its now $2.24, which is a 25% increase. Town commercial was $5.18, it will now be $5.40, which is a 4% increase. In the tentative budget it was 51% in the village, 38% in the town. The differences between the tentative and the preliminary budget is that we increase revenues by increasing fees, we lowered elected official salaries, we deleted the Deputy Building Inspector position, we deleted projects such as Greystone, recycling, codification, town wide water, joint city water. We took $20 K out of the computer line, reduced coupon fees by $3,000, deleted $39K from equipment in the parks, decreased the State Retirement $3,000, because we had the bill, increased settlements by $30K, increased Little League by $2,000, increased the library by $2,000 added two positions in the Highway and added one position in the Senior Citizen Center. Supervisor Smith also wished to update the board on the Highway Capital Fund. In the Highway Capital Fund in March of 1994, we passed a resolution to change the amount that we had put in from $150K to $50K and then last year we reduced it to $25K. We have never put it in there. At the time we wanted to keep at least $50K to $100K in the account, and at this moment we have $41,398.30. There is also a little over $21,006.29 in Flexi-cash. She also wished. to update the Board on Parklands Trust. There is $104,897.67 in Parklands Trust. There was a discussion following Supervisor's Smith presentation of the figures. The Town Board was not satisfied with the outcome of the Budget and wished to work on the Budget further, and meet again before adopting a final Budget. Collectively they agreed to continue working on various areas of concern at the conclusion of this session. COUNCILMAN RUGGIERO moved to set the next meeting for the purpose of adopting the 1999 Budget for November 19, 1998 at 7:30 p.m. Seconded by Mr. Paoloni 1 11/18/98.SPM Motion Unanimously Carried --- NO FURTHER ACTION was taken at this time SUPERVISOR SMITH moved to adjourn the meeting, seconded by Mr. Bettina, and unanimously�-carried. The meeting adjourned at 11:00 p.m. Elaine H. Snowden Town Clerk 2