Tiffin approves 2012-2013 budget
TIFFIN— The City Council approved the 2012-2013 budget Wednesday, April 11, during their regular monthly meeting at the Springmier Community Library.
The city’s property tax levy will be $11.97 per $1,000 valuation on regular property, no change from last year. Agricultural land subject to Tiffin’s levy will see a rate of $3.00304 per $1,000 of valuation.
The budget, which takes effect on July 1, shows $4,893,476 in total expenditures, which is up from the current re-estimation of the Fiscal Year (FY) 2012 budget. That figure was $2,676,740. However, the amount of expenditures budgeted for the current fiscal year was actually $8,571,331.
Interim city clerk Adelia Madden explained the city had budgeted for the completion of the Ireland Avenue extension, which has yet to be bid and will not be started in the current fiscal year.
“Since the fiscal year isn’t over yet, we do not have actual expenditures for the whole year.” Madden said the re-estimated amount for FY 2012 is in line with the actual expenditures for FY 2011, which totaled at $2,475,030. “Delay of the Ireland Avenue project significantly lowered the re-estimated expenditures for FY 2012,” she said.
The budget shows the city anticipates taking in more property tax money, $712,221 for the next fiscal year to an estimated $393,491 for the current year. The current year’s amount is up from the FY 2011 total of $312,195.
Some budget items which saw increases for FY 2013 include: public safety at $186,100, up from $167,965; culture and recreation at $155,034 (up from $106,220); and community and economic development at $73,758, up from $53,000 in the re-estimated FY 2012 budget.
Capital projects is the largest single line-item, with Ireland Avenue and the new water tower pending, at $3,177,473. Last year’s amount sits at $801,350 which was a jump from the FY 2011 amount of $429,898.
The city’s debt service for FY 2013 is $187,652 which is down from the FY 2012 amount of $202,966 and FY 2011 at $215,394.
A public hearing was held, and though people were in the audience, nobody took the opportunity to speak for or against the budget which passed 5-0 on a roll call vote.