Holley budget proposes same village tax rate
However, residents will now pay separate fire tax
Editor’s note: This article was updated to clarify the fire district isn’t part of the village budget.
HOLLEY – Village residents would pay the same $13.94 tax rate in Holley, according to a preliminary 2014-15 budget that will be voted on 7 p.m. Friday at the Village Hall.
However, the budget doesn’t include the Holley Fire Department expenses. The fire department for the first time is part of the Joint Holley Fire District. The fire district added a $1.61 rate to the tax bill for village residents. However, that isn’t part of the village budget. The fire protection bill went out in January and was part of the tax bill for town of Murray residents.
The village budget proposal totals $1,162,680 for the general fund, which is up $36,006 or 3.2 percent from the $1,126,674 in 2013-14.
The village saw its overall assessed value jump by 4.2 percent, a change from $52.25 million to $54.43 million. That helped keep the proposed tax rate a $13.94 despite a growth in the tax levy from $728,339 to $758,473, a 4.1 percent increase or another $30,134 that will be collected in taxes.
The budget sets the salaries for the four village trustees at $4,500 each while Mayor John Kenney is paid $7,900.
The meeting Friday includes a public hearing at 7 p.m. for residents to ask questions or comment about the budget.