Lake Linden OKs budget
LAKE LINDEN — The Lake Linden Village Council approved a balanced $622,700 budget at its meeting Thursday.
Like many municipalities in the area, the village is waiting on the outcome of Federal Emergency Management Agency projects, said Clerk Bob Poirier.
“Our 2018-19 budgets were twisted because of those projects,” he said. “We did a lot of work that year in the street funds, as opposed to the general fund, which left a lot of money in the general fund.”
The council also approved transferring money from the general fund to the street funds at Thursday’s meeting. Poirier estimated the general fund would contirbute about $10,000. The final amount will not be known until closer to the end of the fiscal year on June 30.
“We have to kind of play it close to the vest in the general fund until we can determine the money necessary to make those funds balanced,” he said.
Moving into the new fiscal yar, the priority will be finding out what the village can spend on repairing and upgrading heavy equipment, Poirier said.
The council also approved a millage rate of 19.9859 mills. With an increase in taxable value, the rate was rolled back under the Headlee Amendment from last year’s 19.3389 mills.
Even with the lower rate, the village will still receive about $7,000 of extra revenue, Poirier said.