Supervisor's Message - November 2010
From the Desk of Lima Supervisor Pete Yendell
posted November 10, 2010
Budget update: The Lima Town Board adopted the 2010 budget. The townwide portion of the budget increased slightly. As a result, the property tax rate per $1000.00 of assessed value will increase from $2.80 to $2.85. This rate increase translates to an additional $5 in taxes on a property assessed for $100,000. I believe in today’s economic environment this is a great accomplishment by the Board. We needed to use a little more of the fund balance to keep the rates this low, however that is why we carry a fund balance.
The Town Outside of Village budget decreased 1.27%. Including the fire tax, residents outside of the Village served by the Lima Volunteer Fire Department will pay approximately $511.07 per $100,000 of assessment, a decrease from $516.65 paid in 2009. Residents of South Lima who are served by the Lakeville Volunteer Fire Department will pay $547.34 per $100,000 of assessment as compared to $538.20 in 2009.
Town and Village of Lima
7329 East Main Street
Lima, NY 14485