Medina village officials work to bring down tax rate
MEDINA – Village officials are in the throes of work on the 2022-23 village budget. The spending plan needs to be adopted by April 30.
The board held a public hearing on the tentative $6,368,175 budget on Monday evening. That tentative budget would set the tax levy at $3,735,640 and the tax rate at $21.47.
Mayor Mike Sidari said the rate will certainly be under $20 per $1,000 of assessed property. The board wants to get the rate to a minimal increase over the $18.77 in the current 2021-22 budget. That $6,109,526 budget raised $3,259,119 through the tax levy.
“We still have budgets to go through,” Sidari said during Monday’s hearing. “We will work our best to get down to the tax limit.”
The board voted Monday to override the tax cap with the budget, but that doesn’t mean the board will exceed the cap which for Medina is only about a 1 percent increase.
“We all know expenses are running high,” Sidari said. “We don’t know what’s going on with gas, with tires, with salt. There are several issues affecting our budget. We will try to get it down as low as we can.”