The Village Board has accepted next year’s proposed budget and found a way to save $400,000 over the next 13 years.
The board learned that by refinancing four general obligation bonds, it could save an estimated $397,549 over the life of the bonds, which retire at the end of 2005.
That’s pretty good news for the village, which is anticipating spending $46.5 million next year while only bringing in $41.6 million. The difference, due mainly to major road and sewer projects from now through December, will be made up with one-time spending from several funds.
The proposed budget, which trustees decided would include three new police officers and a two-year phasing out of a $15,000 matching grant to the Historical Society, is scheduled to be formally adopted at the April 6 board meeting.
