State Comptroller: "significant concerns" with Herkimer Village Budget

By WKTV News

HERKIMER, N.Y. - New York State Comptroller Thomas P. DiNapoli has announced that his office completed several audits of municipalities, including the Village of Herkimer.

In the budget review, the Comptroller's office says that auditors found "significant concerns" with the village's proposed budget. The comptroller's office says that the village budget, as proposed, results in a tax levy that appears to exceed the village's constitutional tax limit, which could result in reductions of $40,000 in other village revenue.

In addition, the audit results state that the village has a very limited fund balance and has proposed a limited contingency account. Auditors identified at least $228,000 of expenses that are not included in the budget and it does not make provisions for any possible cost increases that may result from collective bargaining agreements.

The village's finances are too precarious to adopt a budget that does not clearly account for all known expenses and contains revenues that are not within the constitutional limits, the Comptroller's Office stated.

A complete review of the Village of Herkimer budget can be found online here.

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