Page 2 - Town of Newcomb Newsletter - December 2020

Supervisors Desk

2021 Budget

The Town Board approved the 2021 budget at its November 10,
2020 Regular Meeting. This year our budget is $11,617.00 be-
low the NYS State mandated tax cap. This amounts to a budget
increase of 1.69%. This year’s levy included an increase to the
Fire Protection and 24/7 ambulance service contract to estab-

lish a Equipment Reserve Fund. This fund will be used in future
years to purchase a replacement ambulance. The increase,
$26,000, over a period of years will provide for the purchase
without having to increase the Fire Protection/Ambulance levy
or the need to borrow money and pay interest.

Highway and General Fund revenues are expected to be down
this year with the effect on the N.Y.S. Budget due to the COVID

pandemic. To address the effects of the revenue loss, the Board
approved use of an addition $70,000 in Highway fund balance.
The General Fund revenues were also decreased by $70,000,
where appropriations were adjusted to compensate for this
loss.

Old Community Bank Building

Our General Fund maintenance crew will be working on this
building throughout the winter months. The structure, built in
1963, is in very sound structural condition. Our maintenance
crew will be upgrading the insulation and replacing the interior
walls/windows. In the spring, this building will function as a
temporary welcome center to provide visitors with information
on our local amenities, businesses, and attractions.
(continued next page)

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