Park board talks tax levy, park benches
PRINCETON — The Princeton Park Board has adopted a preliminary tax levy which is basically flat with last year’s.
At Monday’s meeting, park district attorney Bob Russell said the 2013 tax levy is money which will be received by the park district in the summer and fall of 2014. The tax levy is based on the district’s Equalized Assessed Valuation (EAV), which was $136,628,001 one year ago, compared to $148,632,159 two years ago. In talking to Supervisor of Assessments Tom Sweeney, the 2013 EAV for the park district is expected to be basically the same as in the previous year, about $137 million, the attorney said.
The proposed 2013 tax levy extension is $484,000 for the regular funds in the budget, plus another $811,725 for the general obligation bonds which will be issued by the park district. The estimated 2013 tax rate is about 35 cents for the regular funds, with another 59 cents for the bonds, for a total of about 94 cents. The 2012 tax rate totaled 95 cents. The proposed tax levy extension represents an overall decrease of about $14,530 from the previous year, Russell said.
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