Summary of Proposed Budget Proposed 2014 budget – $142.9m A net increase of $2.3m over 2013 adopted budget or a 1.6 percent increase -Includes: o $925k increase to meet NYS mandated pension costs o $922k increase due to step and longevity increases, as well as pending contract negotiations o $243k increase to meet NYS mandated worker compensation costs o $150k* contribution to PARC (in addition to $150k allocated from 2013 budget) * - this contribution alone represents 23% of the 1.66% tax cap General Fund Surplus allocation of $3.75m, the second straight budget using less surplus than the previous year
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