WINFIELD | The Town Council has approved two 2014 budgets that will provide services to residents and businesses throughout the coming year.
A Winfield Civil Town budget of $2,385,144 was advertised and approved by the council. That includes $880,000 in the general fund, $532,269 set aside for debt service, $77,000 for local roads and streets, $150,000 for cumulative capital development and $20,000 for redevelopment.
The adopted property tax levy for the budget is $1.255 million with an adopted tax rate of 50.2 cents per $100 of assessed value. However, Winfield Clerk-Treasurer Rick Anderson said the 50.2 cent rate “should come in less than 36 cents (per $100 of assessed value).”
The council also passed a $34,053 budget for the Winfield Waterworks in 2014. The $30,000 adopted tax levy for its budget will represent 10 cents per $100 of assessed value on property taxes.
Both of these budgets have now been submitted to the Indiana Department of Local Government Finance. The actual budgets approved by the DLGF will be available in February.
The Winfield Town Council also adopted four budgets that are home-ruled funds. These are not reviewed by the DLGF, Anderson said.
Those budgets include $75,000 for the Lake County CEDIT fund, $71,875 for Lake County Solid Waste, $20,000 for Lake County park donations, $40,000 for the Lake County public safety fund and $90,000 for the casino gaming grant.