The Alden Village Board unanimously passed a $1.8 million general fund budget last week that will increase the property tax rate by 3.95 percent.
The property tax rate will rise to $9.99 per $1,000 of assessed valuation, an increase of 37 cents. The budget goes into effect June 1.
The only change to the budget during the planning process was a slight decrease in the proposed hike in the garbage fee. Residents will pay $178.61 per year, an increase of $19.19; down 36 cents from the original proposed increase.
Water and sewer rates remained unchanged at $2.30 and $4.80 per 1,000 gallons, respectively.
About half of the nearly 4 percent tax increase was attributed to the loss of the Ames department store on Broadway, which dropped the village's total assessment value by $1.2 million.