Medina Journal-Register — The Albion Village Board met Tuesday night to once again make an effort to reduce the impending tax increase for the upcoming fiscal year.
However, after having already gone over the budget several times, the board determined there are no areas left from which to cut funds.
As it stands now, the village budget calls for $3,686,257.76 of appropriations, of which $2,419,612.71 will be levied in taxes. The board will also use $300,000 of its general fund balance to balance the 2013-14 budget.
The tax rate within the village will increase from $16.37 per $1,000 of assessed value to $16.86 per $1,000.
The village will continue to have discussions about packaging several important projects together in order to take out a loan at a low interest rate. The project costs, paid over time, would lessen the budget annually for a to-be-determined amount of time.
The board meets again tonight at 6 p.m.