L’Anse village approves budget
L’ANSE – The L’Anse Village Council approved a budget and tax rate for the upcoming year at their regular meeting Monday. General Fund revenues and expenditures are each budgeted at $1,301,188 for the upcoming year, while the overall millage will be 15.61 mills, a rate than has remained unchanged since 1997.
“In ’97 the council decreased the rate within the village,” said Village Manger Robert LaFave. “Even today, people are paying a lower rate for the same services than in ’97.”
Overall, LaFave said, the budget calls for income and expenditures to be almost equal, meaning the General Fund balance should remain at or near its current $300,000.
“We lost some personal property tax value,” LaFave said. “We had hoped to have a bit extra to pad the fund balance.”
The Sewer and Water Funds, with planned expenditures of $1,139,499 million and $803,429, show deficits on paper, but LaFave explained that planned depreciation in equipment actually balances those accounts.
With the exception of the Electric Fund, with expenditures of $1,672,346 about $3,600 less than revenue, all other funds’ planned revenues and expenditures match exactly. The Major Street Fund is budgeted for $207,895, the Local Street Fund is $177,580, the Municipal Street Fund is $200,475, and the Downtown Development Authority is budgeted at $135,593.