Babylon Village Approves Budget with Tax Increase - Home In Babylon

Babylon Village Approves Budget with Tax Increase - Home In Babylon

Babylon Village has approved a new $14.57 million budget for the upcoming fiscal year, a $1.43 million spending increase that will raise the tax rate by 9.88 percent. The decision, made on April 22, followed a packed board meeting where residents questioned the necessity of exceeding the state-mandated tax cap, an increase described by some as “hard to swallow.” Village Treasurer Andrew Reichel explained that “social inflation,” including rising…