Clinton village budget
CLINTON — Highlights:
-- The biggest change for the village's budget will be a 40 percent increase in property values. An assessment earlier this year hiked the property values in the village from $91 million to $127 million.
That increase means that while the tax rate will be 24 percent less, the total amount of property tax the village collects will be 6.5 percent more.
Properties were last assessed about 10 years ago, Village Administrator Phillip Rath said.
-- The village will see some increases in public works and public safety costs but a significant decrease in planning costs because it has completed its Smart Growth plan.
What's next?: The village board will host a public hearing on the budget at 7 p.m. Tuesday, Dec. 2, at the village hall, 301 Cross St., Clinton. The board likely will approve the budget after the hearing.
Operating budget
Next year: $1.49 million
This year: $1.14 million
Increase: 5.5%
Tax levy
Next year: $749,600
This year: $704,000
Increase: 6.5%
Tax rate
(Per $1,000 of assessed valuation)
Next year: $8.70
This year: $11.55
Decrease: 24.7%
Note: Percent changes calculated on whole numbers.
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By GAZETTE STAFF 12/03/08
Nov 20, 2008 at 1:14 p.m.
Suggest removal
There's a reason that people are putting their homes up for sale and buyers are shying away from purchasing a home in Clinton! It's a great village to be a part of and a wonderful community, but, they, much like the UAW have priced themselves right out of the market. You might find a great price on a home in a wonderful town, but, you still have to be able to pay for it. The property taxes are inhumane!
Nov 20, 2008 at 1:04 p.m.
Suggest removal
Can't wait to see how bad we get screwed over this year by the village! Last year the mill rate was out of control 33 three plus dollars per thousand. The village and the school district need to look at what everyone in the area is making and realize that $5300.00 for a house worth 186k is CRAZY!
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