Residents with a house valued at $227,000 will pay $28 more a year in property taxes, under a budget approved Tuesday night by the Village Board.
That amount reflects a 1.8 percent increase in the tax rate. This year's rate was $6.94 per $1,000 of equalized value; next year, the rate will be $7.07.
The levy supports a 2012 spending plan of $7.9 million, an increase of 2.5 percent over this year's budget of $7.7 million. Property taxes, for village purposes, will increase by 4.8 percent, from $4.7 million this year to $5 million next.
Because state aid is declining, Village Board member expressed dismay that assuming added fiscal responsibility would negatively impact taxpayers.
Case in point: The state has reduced its recycling funding to the village by 35 percent. The result is an 11 percent increase - to $193.74 a year - in refuse collection fees homeowners would pay.
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