Clinton village budget

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Gazette Staff
Thursday, November 20, 2008
— 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.

Last updated: 10:52 pm Thursday, December 13, 2012

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