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SILVER CREEK – A preliminary budget of $2,051,524 for the coming year was adopted unanimously Monday by the Village Board.

Board members also adopted a resolution to permit the village’s tax increase to exceed the state property tax cap of 2 percent.

Mayor Nick Piccolo said the preliminary budget would require that the village raise taxes by 3.36 percent. He said the board will continue to work on the budget and try to reduce the amount needed to be raised by taxes. He anticipates that the amount to be raised by taxes will be $1.29 million.

Piccolo said the board will hold a workshop session Saturday to try to cut spending further. The current proposal would make the tax rate $16.19 for each $1,000 of assessed valuation.

The final version of the budget will be presented at a special meeting of the Village Board at 7 p.m. May 1.

In other action, board members opened bids Monday for the third phase of a water improvement project. They received 10 bids from contractors, ranging from $1.2 million to $1.6 million. Bids were received and tabled for board members to review.

A special meeting to act on the bids and to discuss the regional water improvement project and how it may bring changes to Silver Creek will be held at 7 p.m. today in the Municipal Building.

In other matters, the board authorized the purchase of a new truck for the Water and Sewer departments at a cost of $32,761 from VanBortel Ford.

An older truck was declared excess equipment and will be advertised for sale with a plow.

The minimum bid amount to be accepted was set at $24,600.