Village of Le Roy adopts budget with lower tax rate
Submitted by Brittany Baker on April 14, 2011 - 11:14am
The Village of Le Roy managed to cut taxes with the budget the board approved unanimously Wednesday evening.
Mayor George Brady said the village is benefiting from higher PILOT (Payment in Lieu of Taxes) revenue kicking in, which enabled the village to cut the tax rate for property owners.
Among the businesses covered by PILOT that are seeing their payments increase are Le Roy Village Green and Lapp Insulator.
The approved tax rate went from $10.87 to $10.59 per $1,000 of assessed value -- a decrease of 28 cents. If a village resident owns a house assessed at $80,000, his or her taxes will decrease by $22.40.
The village tax levy from all sources was about $20,000. The approved budget totals $1,670,620.
As far as major changes from last year, equipment expenses for the police department increased by about $32,000.
Residents questioned an increase of about $25,000 earmarked for police department overtime and Brady explained that officers were asked to help as crossing guards for schoolchildren.
Generally, residents seemed pleased with the new budget.
One man said, “You’ve done a great job I think...for what you’ve got to work with.”