No tax increase in village budget plan
Village officials had been targeting nothing greater than a two percent increase for the 2008 budget, but even after the approved state budget would allow more, they went with no tax hike in the proposal at all.
Clerk-Treasurer Peggy Nelson said Wednesday officials working on the plan opted to take monies from the village's designated funds instead.
"With the recent increase in water rates, they decided it wasn't the right time to raise taxes," Nelson said. A public hearing on the proposed budget is scheduled for Monday, Dec. 3, at 7 p.m. in the village hall.
The proposal includes a mill rate (taxes per $1,000 of valuation) of .004930, a 5.76 percent decrease from the .005214 rate in the 2007 budget.
Helping the cause was a slight increase in the village's assessed valuation, she said, citing expansion in The Highlands and Crossing Meadows additions as at least partially responsible. The '07 valuation of $196,017,600 represents a $1,674,700 increase over '06's $194,342,900.
Additionally, monies budgeted for some projects in '07 can be carried over to '08 because these won't be completed by the end of the year, the clerk-treasurer said. Included are an upgrade of the village's computer web site in the amount of $5,000, one-half the cost of a new squad car for $13,000 and a new plow truck for $43,000.
Officials expect the tax levy to be frozen at two percent in 2009, she said. Meantime, they asked all village departments to hold their budgets for next year to two percent.
Read more in the print version of the Herald Nov. 21.