MOUNT KISCO — The Mount Kisco Village Board this week unanimously adopted its budget for 2011-12 with a smaller tax rate increase than the tentative proposal.
The tax rate will go from $86.17 to $87.80 per $1,000 of assessed property value, an increase of less than 2 percent, reports Village Manager James Palmer. The tentative budget had proposed a new tax rate of $89.33 per $1,000 of assessed value.
Overall spending was reduced by $163,932 from $20,090,057 to $19,924,125 from the earlier plan. The budget now calls for appropriating $213,500 from the village’s Debt Service Reserve and Tax Stabilization Reserve Fund.