In a preliminary look at the Village of Lansing budget for the next fiscal year, Trustees overrode the tax cap in preparation for an estimated rise in its tax rate by 20 cents per thousand dollars of assessed property value. Mayor Donald Hartill told Village Trustees that major capital projects have spent down reserves to what will be unsustainable levels if an upward adjustment in property taxes is not implemented.
"We're spending down our capital reserve funds at a rate that is not sustainable over the long haul," Hartill said. "As a result I am proposing to increase the tax rate from $1.10 to $1.30 to partially offset that. In fairness, we've had several big projects in the last couple of years -- a new garage, the Village Hall, redoing Triphammer Road... this past year we made a fair amount of progress on Northwood Road... Bush Lane... several big projects."