LAKEWOOD – Village officials are proposing a 2.8 percent tax levy increase in their 2012-13 budget.
On Tuesday, Mayor David Wordelmann said the proposed tax levy would increase by $48,000 to $1,693,000. Wordelmann added the tax increase is due to a higher state pension payment. Also, the cost for trash removal is expected to see an increase, along with increases in fuel, health care costs and workers compensation.
Because of state rules for calculating the tax cap, the tax levy in the village is only increasing 1.74 percent, which is below the 2 percent tax cap. There will be a public hearing on a tax cap law resolution at 6:45 p.m. Monday, March 26. A second public hearing will be held at 6:45 p.m. Monday, April 2.