Nov 04, 2010 Erin Wisneski Uncategorized
Lysander officials have cut overall spending by six percent in the proposed 2011 budget.
The proposed tax rate for village residents is $.62 per $1,000 in home value (2010 rate was $.80/1000); the proposed tax rate for residents outside the village is $.71/1000 (2010 rate was $.88/1000); and the proposed highway tax rate is $.62/1000 (2010 rate was $.91/1000). The estimated town tax on a $100,000 home would be $132, which is $47 less than last year’s taxes, should the budget be approved.
According to Lysander Comptroller David Rahrle, a major factor affecting the 2011 budget was $1.2 million in sales tax revenue the town received.
“Despite increased mandated and or unavoidable expenses and minus all consideration of the sales tax revenue and expenditures, the overall spending was cut approximately 6 percent,” Rahrle said. “The overall levy was reduced by 26 percent by using sales tax revenue to eliminate debt, procure needed equipment and fund town-wide road construction projects.”
Rahrle said a similar plan is being developed for 2012 and 2013 to use the remaining sales tax revenue.
A public hearing regarding the proposed budget will be held at 7 p.m. Thursday Nov. 4 at the Lysander Town Hall, 8220 Loop Road in Radisson.
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