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Village administrator outlines plan for proposed 0.5% income tax to fund capital projects
Summary
Village Administrator Marcus Ballinger presented how a proposed 0.5% income tax increase — if approved by voters in November — would be allocated to capital projects over the next 20 years; councilers asked questions but took no action.
Village Administrator Marcus Ballinger presented a proposed spending plan showing how a 0.5% income tax increase would be allocated to capital projects over a 20-year period if voters approve the measure in November.
Ballinger described the capital priorities that would be funded by the proposed increase and answered questions from council during the presentation. The transcript records general discussion and questions but no formal motions or votes related to placing the measure on the ballot were recorded at this meeting.
Council members asked follow-up questions during the presentation; Ballinger referenced the council packet materials and the multi-decade funding scenario. The presentation was informational and intended to clarify how revenues would be used should voters approve the tax increase.
