Medina village looks to trim tentative tax increase at 2.9%
MEDINA – The Village Board will meet this afternoon to adopt a village budget for 2021-22. The Village Board will look to reduce a tax increase that was at 2.6 percent during a public hearing on Monday evening.
“We think there is a little bit more we can for reductions,” Mayor Mike Sidari said during the hearing.
The tentative budget increases taxes by 2.9 percent, with the tax levy going up $92,060, from $3,197,059 to $3,289,119.
The tax rate would increase by 2.7 percent from $18.46 to $18.95 per $1,000 of assessed property.
The budget increases overall spending 2.9 percent or by $173,784, from $5,925,742 to $6,099,526.
The board will meet today at 4 p.m. at the Village Clerk’s Office to go over the spending plan and then vote on it. The budget needs to be passed by April 30.