Monday, April 28th, 2014
By Amy Kronenberger
Rockford residents will decide levy
ROCKFORD - Residents voting in the May primary will decide on a replacement levy that would supersede the existing levy first passed in 1984.
The 2.8-mill, 5-year levy would replace the tax set to expire at the end of the year. If passed, it would generate $38,982 annually, an increase of about $17,000 from the $21,834 currently collected.
The owner of a $100,000 home would pay $98 per year, up from about $60.
Village council finance committee members last year considered several options and decided a replacement levy would best reflect Rockford's current home valuations.
Former council member Ron Searight previously said they haven't asked the town for an increase in levy funds since 1984 and noted the village's revenue was like trying to run a house on a 1984 income.
Rockford's original levy millage was 2.8, but it had been rolled back to about 1.25 mills to collect the same amount of money as home values rose, village administrator Jeff Long has said. The replacement levy would return the millage to 2.8 and increase the funds collected based on current home values.
Searight previously said cuts in state funding has led to the need for the levy increase. Total revenue losses for the village since 2008 are $64,608, including $37,441 from the general fund.