IL budget work starts Oct 15 2019
IL budget starts above cap
By PETE KLEIN
Express News Staff
INDIAN LAKE—The Indian Lake Town Board had its first look at the 2020 Tentative Budget when it met on Oct 15. Over the next several weeks it will hold budget workshops that will lead up to a final budget and a public hearing on the budget before the board moves to accept the final budget for 2020.
Below are figures for the 2020 Tentative Budget as of Oct. 15, followed by figures for the 2019 adopted budget in (parentheses).
Currently, the budget is above the state cap on the levy but any of these figures could go up or down before the board adopts its final budget.
THE GENERAL FUND shows appropriations of $3,886,762 ($3,765,710) with estimated revenues of $2,078,350 ($1,913,420), less $0.00 ($187,000) from fund balance, leaving $1,808,412 ($1,665,290) to be raised by taxes, up $143,122 from 2019.
THE HIGHWAY FUND shows appropriations of $1,112,979 ($1,141,410) with estimated revenues of $185,000 ($144,612), less $28,000 ($135,000) from fund balance leaving $899,979 ($861,798) to be raised by taxes. This is up $38,181 from 2019.
THE LIBRARY FUND shows appropriations of $258,083 ($235,538) and estimated revenues of $6,575 ($6,575), less $19,000 ($0.00) from fund leaving $232,508 ($228,963) to be raised by taxes. This is up $3,545 from 2019.
THE LANDFILL/TRANSFER STATION FUND shows appropriations of $224,325 ($233,667) and estimated revenues of $12,040 ($21,040), less $24,000 ($75,000) from fund balance, leaving $188,285 ($137,627) to be raised by taxes, up $50,658 from 2019.
LAND CAPITAL shows appropriations of $13,000 ($11,000) and estimated revenues of $4 ($4), leaving $12,966 ($10,996) to be raised by taxes, up $2,000 from 2019.
SPECIAL DISTRICTS
WATER DISTRICT 1 (Blue Mountain Lake) shows appropriations of $230, 909 ($191,361) with estimated revenues of $24,590 ($21,590) and $0 ($55,000) from fund balance, leaving $206,309 ($114,771) to be raised by taxes. This is up $91,548 from 2019.
WATER DISTRICT 2 (Indian Lake) shows appropriations of $403,050 ($352,419) with estimated revenues of $59,050 ($80,000) and $1,000 ($50,000) from fund balance, leaving 343,000 ($222,419) to be raised by taxes. This is up $120,581 from 2019.
INDIAN LAKE SEWER DISTRICT shows appropriations of $211,902 ($196,273) with estimated revenues of $22,340 ($17,540) and $7,000 ($25,000) from fund balance, leaving $182,562 ($153,733) to be raised by taxes. This is up $28,829 from 2019.
THE WEED DISTRICT shows appropriations of $15,000 ($15,000) with estimated revenues of $3,014 ($3,014), leaving $11,986 ($11,986) to be raised by taxes.
INDIAN LAKE AMBULANCE FUND shows appropriations of $563,300 ($545,570) with estimated revenues of $140,600 ($169,020), leaving $422,700 ($376,550) to be raised by taxes. This is up $46,150 from 2019.
INDIAN LAKE FIRE DISTRICT shows appropriations of ($226,000), leaving the same amount to be raised by taxes. This is up $44,668 from the 2019 budget.
BLUE MNT. LAKE FIRE DISTRICT Last year showed appropriations of (93,045), less revenues of ($525), leaving ($92,520) to be raised by taxes. Figures for 2020 not yet available.
TAX CAP
The estimated tax levy limit for Indian Lake in 2020 is $3,897,918 This amount excludes the fire districts. The 2020 budget, excluding the fire districts, totals $4,308,747 and this means it would come in $410,829 above the cap if noting were to change between now and when the budget is adopted.
TAX RATES
The tentative budget currently shows a town-wide (General, Highway, Library, Landfill) tax rate of $4.7951 ($4.4329) per $1,000 of assessed value, up 8.17 percent.
Water District 1 shows a tax rate of $1.6303 ($0.0910) per $1,000, up 16991.78 percent.
Water District 2 shows a tax rate of $1.9497 ($1.2636) per $1,000, up 54.30 percent.
The IL Ambulance District shows a tax rate of $0.8675 ($0.7736) per $1,000, up 12.15 percent.
IL budget starts above cap
By PETE KLEIN
Express News Staff
INDIAN LAKE—The Indian Lake Town Board had its first look at the 2020 Tentative Budget when it met on Oct 15. Over the next several weeks it will hold budget workshops that will lead up to a final budget and a public hearing on the budget before the board moves to accept the final budget for 2020.
Below are figures for the 2020 Tentative Budget as of Oct. 15, followed by figures for the 2019 adopted budget in (parentheses).
Currently, the budget is above the state cap on the levy but any of these figures could go up or down before the board adopts its final budget.
THE GENERAL FUND shows appropriations of $3,886,762 ($3,765,710) with estimated revenues of $2,078,350 ($1,913,420), less $0.00 ($187,000) from fund balance, leaving $1,808,412 ($1,665,290) to be raised by taxes, up $143,122 from 2019.
THE HIGHWAY FUND shows appropriations of $1,112,979 ($1,141,410) with estimated revenues of $185,000 ($144,612), less $28,000 ($135,000) from fund balance leaving $899,979 ($861,798) to be raised by taxes. This is up $38,181 from 2019.
THE LIBRARY FUND shows appropriations of $258,083 ($235,538) and estimated revenues of $6,575 ($6,575), less $19,000 ($0.00) from fund leaving $232,508 ($228,963) to be raised by taxes. This is up $3,545 from 2019.
THE LANDFILL/TRANSFER STATION FUND shows appropriations of $224,325 ($233,667) and estimated revenues of $12,040 ($21,040), less $24,000 ($75,000) from fund balance, leaving $188,285 ($137,627) to be raised by taxes, up $50,658 from 2019.
LAND CAPITAL shows appropriations of $13,000 ($11,000) and estimated revenues of $4 ($4), leaving $12,966 ($10,996) to be raised by taxes, up $2,000 from 2019.
SPECIAL DISTRICTS
WATER DISTRICT 1 (Blue Mountain Lake) shows appropriations of $230, 909 ($191,361) with estimated revenues of $24,590 ($21,590) and $0 ($55,000) from fund balance, leaving $206,309 ($114,771) to be raised by taxes. This is up $91,548 from 2019.
WATER DISTRICT 2 (Indian Lake) shows appropriations of $403,050 ($352,419) with estimated revenues of $59,050 ($80,000) and $1,000 ($50,000) from fund balance, leaving 343,000 ($222,419) to be raised by taxes. This is up $120,581 from 2019.
INDIAN LAKE SEWER DISTRICT shows appropriations of $211,902 ($196,273) with estimated revenues of $22,340 ($17,540) and $7,000 ($25,000) from fund balance, leaving $182,562 ($153,733) to be raised by taxes. This is up $28,829 from 2019.
THE WEED DISTRICT shows appropriations of $15,000 ($15,000) with estimated revenues of $3,014 ($3,014), leaving $11,986 ($11,986) to be raised by taxes.
INDIAN LAKE AMBULANCE FUND shows appropriations of $563,300 ($545,570) with estimated revenues of $140,600 ($169,020), leaving $422,700 ($376,550) to be raised by taxes. This is up $46,150 from 2019.
INDIAN LAKE FIRE DISTRICT shows appropriations of ($226,000), leaving the same amount to be raised by taxes. This is up $44,668 from the 2019 budget.
BLUE MNT. LAKE FIRE DISTRICT Last year showed appropriations of (93,045), less revenues of ($525), leaving ($92,520) to be raised by taxes. Figures for 2020 not yet available.
TAX CAP
The estimated tax levy limit for Indian Lake in 2020 is $3,897,918 This amount excludes the fire districts. The 2020 budget, excluding the fire districts, totals $4,308,747 and this means it would come in $410,829 above the cap if noting were to change between now and when the budget is adopted.
TAX RATES
The tentative budget currently shows a town-wide (General, Highway, Library, Landfill) tax rate of $4.7951 ($4.4329) per $1,000 of assessed value, up 8.17 percent.
Water District 1 shows a tax rate of $1.6303 ($0.0910) per $1,000, up 16991.78 percent.
Water District 2 shows a tax rate of $1.9497 ($1.2636) per $1,000, up 54.30 percent.
The IL Ambulance District shows a tax rate of $0.8675 ($0.7736) per $1,000, up 12.15 percent.
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