One point mentioned was that of the high mill rate in the Village. The insinuation was that a lower mill rate was preferable.
As explained in a blog post I made about a month ago, the reason our mill rate went up was that the total value of all our properties is lower this year than last! If the total value of all our properties had risen or stayed the same, our mill rate would have actually dropped.
The mill rate is set by council using these steps:
- After careful budgeting, council decides on the minimum amount of money needed to operate the Village for one full year.
- Council then looks at the total assesment and basically divides that figure by the amount required based on so many dollars taxed per thousand dollars of assesment.
Overall I was very impressed with the responses from the candidates and I am looking forward to having one of them join us around the council table!