The Village of Pleasantville Finance Department is made up of three council members. They meet monthly, one half-hour before each council meeting, to approve expenditures, review financial statements and review budgetary items.
The Village of Pleasantville receives General Fund money from two primary sources: income tax and property tax. The village income tax generates around $145,000 per year and the general fund property tax generates around $45,000 per year. Other revenue from federal, state and local sources is also deposited into the General Fund, for a yearly revenue of around $300,000. General Fund money pays for the day-to-day operations of the village, including maintenance, equipment, salaries and insurance. It can also support other accounts when they do not receive enough revenue to cover their expenses, such as the Police Fund. Annual expenditures for the General Fund are estimated at around $280,000.
Other property tax levies the village receives money from are the Police Property Tax, which generates about $19,000 per year, and the Park & Recreation Property Tax, which generates about $18,000 per year. These funds may only be used for the specific purposes stated in the levy language. For example, the Park & Recreation Property Tax may only be used to operate the Pleasantville Pool, parks and Community Center.
In 2013 the Village of Pleasantville implemented an income tax to help operate and cover basic services provided to residents. In decades past, the village was able to run on Local Government Funds provided by the state each year — at one point receiving $70,000 per year. With changes to state law and funding requirements, that money slowly decreased over the years to only a few thousand dollars per year, prompting village leaders to enact the income tax to cover the loss.
The Village of Pleasantville contracts with the Regional Income Tax Agency (RITA) to administer, collect and disburse income tax money. For the current tax ordinance, rules, regulations and contact information, visit the Village of Pleasantville RITA tax page.