News Flash

Impacts of Levy Limits

Posted on: March 7, 2019

Village of Eden

Eden

How does the levy limit impact your community's services?    WE ARE UNABLE TO PROVIDE ANY ADDITIONAL SERVICES THAN THE ONES THAT ARE CURRENTLY OFFERED. WE NEED TO BORROW FOR STREET PROJECTS. WE ARE ALLOWED TO TAKE FROM THE TAX ROLL LESS THAN 34000.00. THIS MAKES US EXTREMELY RELIANT ON REVENUE SHARING AND WHEEL TAX REVENUE. WE WRITE FOR ANY TYPES OF GRANTS THAT ARE AVAILABLE WITH LITTLE TO NO LUCK DO TO OUR COMMUNITY SIZE.

How does the levy limit impact your community's budgeting practices and finances, eg, your amount of borrowing?     AT THE END OF 2019 WE WILL HAVE ONE LOAN OF 1,200,000.00 AND ANOTHER FOR 530,000.00. WE REPLACED A SEWER MAIN THAT WAS INSTALLED BETWEEN 1952-1956 AND WE ARE REQUIRED TO PAY FOR THE PARKING LANES ON THE HIGHWAY 45 PROJECT AND OUR OPERATING LOAN THAT WE HAVE HAD TO TAKE FOR THE PAST 2 YEARS.

How does the levy limit impact your community's staffing levels and employee compensation?    AT THIS TIME, WE DO NOT HAVE ANY FULL TIME HELP, WHICH MEANS THAT IF THE PRESENT STAFF LEAVES, IT WILL BE VERY DIFFICULT TO REPLACE.

Anything else you'd like to say regarding the impact of levy limits on your community?     PLEASE FIND A WAY TO HELP THE SMALL COMMUNITIES THAT HAVE BEEN TRYING TO KEEP TAXES LOW.


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