Albion village budget would keep tax rate the same
ALBION — The Albion Village Board has put together a $6,872,286 budget that keeps the tax rate at $17.80 per $1,000 of assessed property.
The budget would increase the tax levy, what the village collects in taxes, by $17,252, or by less than 1 percent (0.6 percent). The tax levy would go from $2,730,417 in 2019-2020 to $2,747,669 in 2020-21.
The board held a public hearing on the budget Wednesday. Residents could only comment through the Zoom online option because the village hall is currently closed to the public due to the coronavirus pandemic. No one commented on the budget during the hearing.
The board is scheduled to adopt the budget at 6 p.m. on April 22. The fiscal year starts June 1 and runs to May 31, 2021.
Mayor Eileen Banker is pleased the budget doesn’t increase the tax rate. She is concerned state and county revenues that are in the budget may not come through at the budgeted amounts. That includes road paving and maintenance funding from the state (CHIPS) and some of the local sales tax revenue distributed by the county.
If those revenues don’t meet expectations, the village will likely have to make some adjustments.
