Taxes in Kiryas Yoel, MonDroe stable; no hike for 8th straight year

The village of Kiryas Yoel is raising its tax levy the total amount it collects from property owners to support its spending. That figure will go up by 7.7 percent to roughly $1.4 million in the fiscal year beginning on June 1.But the tax base has widened at a comparable rate over the last year, largely because of the relentless housing construction. That means the tax rate will remain at an unusually low $14.14 per $1,000 of assessed value.
But what about all the big capital projects completed or started since the last tax hike. The simplest explanation appears to be government grants, which have helped pay for several of the capital projects, and municipal bonds.