Budget decreases, levy stagnant, but tax rate up
January 05, 2011 | 08:47 AM
Lyons — The town tax rate for 2011 bumped up just two-tenths of a cent over the 2010 rate, according Town Clerk Karla Hill.
Property owners in the town will pay 71 cents per $1,000 of assessed valuation for 2011, compared to 70.8 cents in 2010, Hill said.
That represents an increase of less than three-tenths of a percent.
The owner of a $150,000 home in Lyons paid $106.20 for town services in 2010.
The owner of that same house with that same valuation will pay $106.50 for 2011.
The town's 2011 tax rate was released at its Dec. 13 town board meeting.
Lyons' town levy is equal to last year's and its town budget is about 13 percent less, as approved by the Town Board last month.
The $335,849 levy approved for the 2011 budget, is identical to the levy approved for last year, according to town figures.
While that levy applies to the entire town, the part of the town that is within the Lyons Sanitary District 2, is also a street lighting district.
This year, the town plans to levy $13,400 to pay utilities and maintenance within the district.
That's down from last year's street light levy of $16,500.
Town expenditures for 2011 are $1.16 million, down about $25,000 from last year's budget of $1.19 million.
One of the big reductions in the budget this year was the end of debt service payments on the new town hall.
The town made the final payment of $74,430 on the town hall last year.
While debt service was cut by more than $74,000 this year, there was an increase of nearly $27,000 in the town's capital outlay budget, from $253,172 to $280,000.
Of that, about $22,000 will go to the town's reserve for future capital outlay.
Capital outlay pays for road work, new vehicles and new buildings. The following line items remained unchanged in the town budget:
Going into 2011, the town anticipates a fund balance of $241,930, with $18,997 in the general fund balance and $222,933 in the capital projects fund balance.