Proposed Twin Lakes tax levy up 7.58 percent

The proposed tax levy to support the coming year of municipal spending in Twin Lakes is $3,318,331, a 7.58 percent increase from 2009.

That increase comes from the maximum allowed under state law (3 percent) plus an allowance for the increase in the village’s debt service for 2010, village administrator David Cox explained at Monday’s Committee of the Whole meeting. He termed the increase “fairly significant.”

tl-logoThe property tax makes up 73 percent of the village’s revenue.

Some areas of the village budget Cox highlighted include:

  • Wages for village employees are up 1.6 percent. But due to savings on health insurance, labor costs will be down 1.4 percent.
  • Jail costs have risen sharply over the last two years. The daily charge to the village for the county housing an inmate will be $21 per day. In 2008, that charge was $5 per day. Further impacting the situation is that more people are being sent to jail rather than pay fines, Cox said.
  • New requirements to publish meeting summaries and the full text of any ordinance involving a change in fee or monetary penalty will increase legal advertising costs.
  • Cost related to elections will increase with a requirement that the village print its own ballots. In the past, the county printed ballots and absorbed that cost.
  • Shared revenue funds from the state will be about $85,900 for 2010. That’s about $15,000 less than the current year.

If you’d like to know more about the budget, there is a budget workshop scheduled for Wednesday, Nov. 4 at 6 p.m., at Village Hall


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