The 2002 Chili Town Budget includes a decrease in the town tax rate for the second year in a row. The proposed budget calls for a .5 percent reduction in Chili's Town Tax Rate - matching the tax cut passed last year.

"Stable taxes are critical for working families, residents on fixed incomes, and local employers," said Supervisor Steve Hendershott. "Reducing town taxes is an important step in allowing our residents to use more of their hard earned money on the priorities they set for themselves."

The proposed tax cut was made using conservative revenue projections for 2002 - based on anticipated changes in overall economic conditions. In addition, anticipated medical premium increases of nearly 20 percent are expected again this year. Fuel costs are also expected to remain at higher levels, however, the rate of increase is not expected to be as sharp as 2001.

To meet the further needs of Chili, Hendershott outlined a plan to continue efforts to contain expenses, seek additional revenue sources and to encourage further balanced economic growth. Throughout 2001, Chili has been successful in attracting new businesses and, as a result, has seen a $53 million increase in the town's tax base.

The 2002 budget continues the practice of making cash purchases for equipment. Short-term loans were paid off in 2001, one year early, to save interest payments. The town will also continue its efforts to update and expand town infrastructure including adding public water service to more areas that are not currently served and the extension of sanitary sewers.