Saturday, December 10, 2011

Kane 2012 budget

The tax rate for the Kane Borough 2012 budget is expected to increase when the borough council adopts its final budget on Monday. In the provisional plan, a 1.5-mil tax increase was proposed, but the revised budget appears to include a tax rate hike of four mills, or an increase of 34 percent. At that rate, a property assessed at $50,000 would take on an additional $200 in taxes on top of the approximately $394 currently paid each year. At a budget meeting held Thursday, council members discussed ways to cut back expenses, including the possible elimination of a full-time borough police officer position in exchange for part-timers. It was not clear Friday if all council members were in support of such a hefty tax rate hike for the borough. Reports indicated that some members would have rather seen smaller increases implemented over several years, but since former councils had not done so, a four mill tax increase may be unavoidable.

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