Legislature Adopts 2017 Financial Goal, Fiscal Guidelines for Departments and AgenciesIn two resolutions approved Tuesday night, the Tompkins County Legislature approved a 2017 tax levy goal and spending targets for 2017. The tax levy resolution directed County Administrator Joe Mareane to prepare a recommended operating and capital budget that can be supported with a tax levy increase of 3%. That vote was 9-4, with Legislators Mike Sigler, Glenn Morey, Dave McKenna, and Leslyn McBean-Clairborne voting no. (Legislator Peter Stein was excused.) Based on the tax levy goal, spending targets for departments and County agencies to use in preparing their budgets were approved by a 10-3 vote (Legislators Sigler, Morey, and McKenna dissenting).
The greatest effect on the 2017 fiscal targets is the ongoing decline in sales tax revenue—down for four of the last five quarters, including the first quarter of this year. It’s projected that 2017 sales tax revenue will drop by $860,000 from the 2016 budgeted level, an amount equivalent to about 1.8% in the property tax levy. The levy increase would address several critical County needs, including negotiated wage growth for county employees and a modest cost of living increase for County-supported agencies.