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The 2005-2006 tentative budget was delivered to the Village of Akron Board of Trustees on March 18, 2005. There will be a public hearing on Monday April 4, 2005 at 7:30 PM, at the Akron Village Hall, to discuss the budget. A final budget has to be passed by May 1, 2005 for the upcoming Village of Akron fiscal year beginning June 1, 2005 and ending May 31, 2006.
The tentative budget holds the property tax rate the same as it was last year at $5.75 per thousand. It also represents an increase in the garbage rate of $1.00 per quarter to $31.00 per quarter to help offset the cost of having Freon containing items removed from the Village during the past year. These items are not covered under our current refuse contract and the Village pays $45.00 per Freon unit when they are picked up by our current refuse collector. Also, the Village health care costs have increased 17.47% for the upcoming year.
The tentative budget has built in a $1.00/1000 increase across the board in the water rate. The minimum rate would increase to $28.75 per quarter from $23.75 per quarter for water usage below 5,000 gallons per quarter. The Village rate would increase to $5.75, outside the Village $8.50, Town of Newstead $6.25 and the easement rate of $6.95. The new tentative property tax assessments in the Town of Pembroke and the Town of Darien account for $0.50 of the tentative increase in the rates. Also, the Village health care costs have increased 17.47% for the upcoming year.
The sewer rate remains $3.15 per thousand. The Village has appropriated $25,000 of fund balance to balance the budget.