The Village of Lake Placid is looking towards approval of their proposed 2014 – 2015 budget as their fiscal year comes to a close at the end of June.. During their last meeting, Mayor Craig Randall introduced a budget of $5,811,156 which represents an increase of $102,433 over the current year’s budget.. The Proposed Property Tax Levy – $3,579,620 – is ten dollars short of the tax cap and represents a 1.56% increase in the levy.. Randall says the health insurance rates are anticipated to increase by approximately 14%..
The Mayor says looking at retirees insurance that the village continues to provide, it appears the total cost is going up.. and this is due to the ability of the Police Department which is one department in the village where individuals can retire before the age of 65.. and he continued by adding that most choose to retire in their mid 40s to early 50s.. as a result, those premiums do not see the benefit of the lower premiums that the village put in place last year.. So our question then.. Where does that money come from…
The Mayor added that the Village’s infrastructure – Paving and sidewalks are getting some additional attention this year.. One of the sidewalks down by Lisa G’s has been replaced, but instead of paver stone, The Mayor Says they’re experimenting with a different style of walkway.. “We’re using stamped colored concrete. If it turns out to be a good product, this may become the norm, outside of the main village.”
Mayor Randall was also asked by members of the media if he foresaw any issues in the budget which might catch people by surprise.. He responded by saying there isn’t anything dramatic in this budget and there aren’t any major cuts… The Mayor added that he believes the village is pretty well staffed.. and that they’ve brought the staffing down to minimal numbers but couldn’t go any lower without reducing services.
The board moved their first regular meeting in July to the 30th of June so as to vote on approving the budget prior to the July 1st deadline..