The Waterloo Village Board has proposed a tentative budget for the upcoming fiscal year that features slight increases in both the tax levy and tax rate. The proposed budget will be subject to a public hearing on April 10, after which the new Village Board, featuring three new members, may make changes before voting on a final budget.
The tentative budget includes an increase in appropriations from $4.04 million to $4.51 million and a rise in the tax levy from $3.07 million to $3.09 million. The tax rate per $1,000 of assessed value will also go up from $19.55 to $19.80.
While the budget was assembled on March 30, new Mayor Walt Bennett and two new trustees, Andrew Trahms and Patricia Bartran, did not attend.
Bennett stated that the plan was to let the outgoing board finish its job and make changes when they take office. The proposed budget includes a salary of $10,800 for the mayor and $7,100 each for the four trustees, the same as the previous fiscal year. Those interested in viewing a copy of the tentative budget can contact the village office.
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