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Mentor Exempted Village holds tax budget hearing; CFO says county "piggyback" may reduce certified property tax
Summary
The district's chief financial officer reviewed the purpose and schedule for the 2006 tax budget, said he excluded a county "piggyback" resolution from the district's calculation, and said the tax budget will be approved at the regular meeting on Jan. 13. No public comments were recorded.
Mentor Exempted Village held a brief tax budget hearing on Jan. 7, 2006, during which the district's chief financial officer, Mister Wade, outlined the purpose and timeline for the tax budget and said a separate county "piggyback" resolution was not included in the district's calculation.
"The tax budget is an annual regulatory requirement for us to identify and justify the need for previously authorized tax revenue," Mister Wade said, explaining that the hearing is a preliminary step that allows the district to collect voter-approved levies for the general and permanent improvement funds. Wade…
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