The Quogue Village Board of Trustees adopted a $7.7 million budget at their meeting on Friday afternoon, a plan that increases spending by about 3.6 percent and just pierces the state’s 2 percent tax levy cap.
Mayor Peter Sartorius said the budget increases the tax levy by about 3.5 percent, from $6.3 million to $6.5 million, just $13,000, or less than a quarter-percent, above the cap. In the spring the board adopted a local law that permits it to pierce the cap if necessary.
Mr. Sartorius said the projected tax rate for 2013-14 will be $2.07 per $1,000 of assessed value, up about 6 percent from the current rate of $1.95 per $1,000. Therefore, a resident with a home valued at $800,000 will owe about $1,656 in village taxes next year, or $96 more than the current year.
The mayor blamed sharp increases in pension costs and insurance premiums next year for the increase in spending. The village’s fiscal year runs from June 1 to May 31.