Albion Village Board tries to contain tax increase
ALBION – The Village Board has been working on the 2017-18 budget, trying to contain a tax increase for property owners.
During a public hearing on the budget last week, the tax rate was at $17.85 per $1,000 of assessed property. That would be up 19 cents or 1.1 percent from the current $17.66 rate.
“We’re still working on the budget,” said Deputy Mayor Eileen Banker. “We still have more work to do.”
The board has until April 30 to adopt the budget, which runs from June 1, 2017 to May 31, 2018.
The tentative budget presented at the public hearing called for a 3.4 percent increase in the tax levy from $2,487,946 to $2,572,865. That means the village would collect $84,919 more in taxes.
The budget showed a $6,732,740 total for all funds: $3,787,558 in the General Fund, $1,617,300 in the Water Fund, and $1,327,881 in the Sewer Fund.