Taylor budget adopted

It's been shifted so there will now be more given in the first year, and less in the second.

The budget includes a slight increase in taxes, due to an expected decrease of $102,000 in revenues from a drop in property assessments.

The residential mill rate has been adjusted, from 3.3034 to 3.4682, which will collect the same amount as 2011. Overall residential revenue will increase by $23,688 due to new market change – new properties this year. The Major Industrial mill rate has increased from 38.5700 in 2011 to 39.6700 which will partially offset the loss in assessment value. However, $50,609 less will be collected than last year.

Light Industry's mill rate will stay the same, but assessment values increased, bringing in an additional $4,924. Business' rate has increased from 5.1992 to 5.2223 and with new market value will bring in an extra an extra $6,790. The amount from utilities, non-profit/recreation, and farmland will only increase by $259. Despite the increases, property tax revenue will still decrease by just under $14,950.

Water and sewer fees will again increase, as the District hopes to gradually increase them to a point where they are at full-cost recovery, as well as look at water meters in the future.

Among the projects approved are several water and sewer upgrades, including $250,000 for an irrigation line connection from the river, $207,000 to relocate the DFA mainline and a combined $300,000 for North Taylor Waterline Upsizing. In total, the 2012 proposed Capital items are estimated at $1,321,225.