Armenia approves budget with tax increase

Armenia Materials 30 December 2006 14:37 (UTC +04:00)

(thedailyreview) - Supervisors gave the OK to the spending plan at the township's regular meeting this month.

Total expenditures are $131,852 and total revenues are $125,576, said Gary Horning, treasurer for the township, reports Trend.

The millage was increased from 6.25 mils to 6.75 mils.

With the increase, property taxes on a $50,000 property will go from $312.50 under the old millage rate of 6.25 mils to $337.50 under the new millage rate of 6.75 mils, an 8 percent, or $25 increase.

Horning said increased costs for such items as fuel caused the hike.

He said the deficit in the budget would be covered with carry-over funds resulting from state and federal flood reimbursement money received this year.

In other business at the meeting, supervisors opened bids for a new township truck.

Bradco Supply's bid was $15,000 and Auto Wholesalers' bid was $16,775.

Supervisors accepted the bid from Bradco Supply.

Mallory Babcock, township secretary, said the bid was not only the lower price, but closer to the specifications in the bid request.

In Columbia Township, meanwhile, supervisors approved a spending plan that keeps property taxes at 4.75 mils.

Expenditures are $362,570 and revenues are $332,802.

Horning, who is also treasurer for Columbia Township, said the deficit, as in Armenia Township, will be covered with the same type of carryover funds.