Share this article

print logo

BOARD OKS $5.2 MILLION BUDGET, TAX RATE HIKE

The Lancaster Village Board unanimously approved a $5.2 million budget for the 2005-06 fiscal year.

The package, which calls for a 1.85 percent tax rate increase, was presented Monday to village residents at a public hearing. Under the new budget, the tax rate will be $12.19 per $1,000 of assessed valuation, up from $11.99 in 2004-05. For the owner of a home assessed at $100,000, the tax bill would be $1,219. That's a $20 increase from the current village tax bill.

Mayor William G. Cansdale Tuesday said the budget approved Monday was not significantly altered from the tentative plan he submitted a couple of a weeks ago.

The 2004-05 tax rate increased by nearly 8 percent after a more than 10 percent drop in 2003-04. Including the new tax rate, that would bring the average increase over the past three years to less than 1 percent.

There are no comments - be the first to comment