The Village of Corfu will rely less on reserve funds and more on a tax increase to balance the 2013/2014 budget.
Trustees approved the $788,332 spending plan Monday night.
While spending drops from the previous year by $106,000, property taxes go up 5 percent to $3.11 per thousand of assessed value.
The sewer fee goes up 4 percent to $6.24 per thousand.
The reserve fund will be tapped for $3,200.
The village will spend $1,500 on training for its first-term mayor.
With the resignation of the police administrator, the village cut police department spending by $20,000.
Two staff members took voluntary cuts to 32 hours a week.
Non-union employees receive a 1 percent pay increase to offset an increase in health insurance premiums.
Cut spending...increase
Cut spending...increase tax...this is not my forte. Can someone please explain how this makes sense...if it makes sense? I'm not a Village resident (and am glad these days).
They are using less reserve
They are using less reserve to balance the budget.