The Town of Cornwall will hold a public hearing next month to gather feedback from the community about the upcoming budget. Residents will be given the option of a significant tax hike or “major cuts” to Town services.
Cornwall officials are currently preparing a tentative budget which must be submitted to the Town Board and Town Clerk by the end of September. The final budget must be adopted by mid-November.
In an unprecedented move, the Town used its savings accounts to balance this year’s current budget and had a “severe reduction” in the tax levy for the current fiscal year, according to Town Supervisor Josh Wojehowski. Record-high inflation is also being taken into consideration, he added.
As a result, next year’s budget can only be balanced by increasing the tax levy back to the 2021 levels or by making major cuts to Town services. This is the only way to maintain vital services for residents, Wojehowski explained.
“As the Chief executive officer of the Town, the responsible thing to do is to ensure that we present and adopt a budget that provides for the adequate funding of current Town services, maintains fund balances (our savings accounts) in accordance with State and Local guidelines, plans for future needs and takes record inflation into account,” Wojehowski continued.
The Town will consider exceeding the 2% tax cap by introducing a local law to override the 2023 tax cap.
The public hearing will be held on Tuesday, September 13, 2022 at 7:00 pm at the Town Hall. The Town Board will further discuss the situation and obtain feedback from the community and stakeholders.