Replacement levies on the ballot
The Village of Arcanum will have two issues on the ballot on November 5th for the citizens of Arcanum as issue #4 and #5. Issue #4 is a replacement levy for a 0.5 mill levy that will provide funds to maintain the village expenditures including facilities, street maintenance, equipment maintenance to name just a few. Issue #5 is a replacement levy for a 1.6 mil levy that will provide funds in the same manner as Issue # 4. If both levies pass they will generate $120,000 annually to the village.
The original levies were passed in 1976 and 1984, with both levies generating $26,190.00 a year. There has not been an increase in levy funding for general operations for the village in 40 years. The levies are again on the ballot due to the renewal not passing in March earlier this year. Since they are not a renewal, they are now called a replacement levy(s).
How are the Levy Funds Spent? The revenue from both levies help provide the following: Residential leaf removal, mowing, maintenance of public restrooms, snow removal, curb painting, sign replacement, street cleaning, street patching, tree trimming, building maintenance, vehicle maintenance, fuel expenses, training, and maintaining Ivester Park and the Arcanum Nature Preserve.
What is a Tax Levy? A levy is a property tax voted on by citizens that helps stabilize a village’s finances. A local operational levy provides extra funding that is used to pay for day0-to-day operations. Revenues received from Tax levies are used to supplement inflation, raising costs, and promote lower income taxes. When a village passes a levy, the village is required to spend the revenue received on the program identified in the ballot measure and it expires after 5 years without voter re-approval.
What will it cost me? The combined levies will cost $74 per year on every $100,000 assessed value of your property. Please note that the assessed value is 35% of the market value of your property.
Keep Arcanum Thriving, vote YES on November 5.
Vickie Rhodehamel
Arcanum
