Why is this petition to vote on dissolution being passed around?The Village Board needs direction from its constituents. Significant financialchanges have occurred recently that affect our revenue e.g. the lost of sale tax revenueand the diminished funding of AIM monies. The result of these changes means that our current 2011 expenses now are in excess of our current income. In the budget year of 2011, $20,000 of the appropriated fund balance (retained earnings) was used tobalance the budget rather than tax for new revenue. This is not an unusual way tobalance the budget when the fund is well appointed as it was. What was really bad luckis that tax relief was granted in the year before a 2% tax cap was enacted and has nowset in stone for the foreseeable future yearly increments in real estate tax growth(assuming the assessment does not change drastically) at a amount around $6,000.On January 1
of this year we did have $275,000 in the appropriated fund balance.This $275,000 that we had been accumulating for ³back burner projects´ like the repair or take down the back garages , repair or replacement of part of a roof in the VillageHall, road repair or emergency type projects. We are not insolvent. Checks are notbouncing now but to ensure future solvency expenses must be cut and new non realestate tax revenues should be found and enacted.The ability to bring additional revenue to the table through our usual avenue, namelythe increase in real estate property taxes, is now legally not available to us as the statetax cap of 2% has been passed. Change, rather drastic change, is now demanded. As I see it we have one of two directions before us. We can either struggle to stay aVillage or dissolve the Village and role into the Town.If we are to stay a Village hard sacrifices and changes in the quality of day to day willhave to happen.1. We will have to do without most forms of road repair. We should look to stop thetonnage of vehicles that use our roads as the constant wear and tear of the roadsurface from their use by heavy vehicles will cause damages that we can no longer afford to fix.2. Changes in garbage pick-up will have to occur. We can maintain the same serviceand charge additional fees such a ticket on each bag. We would also have to roll outour rental property fee for each rental unit that we service. The garbage fees couldactually finance all the garbage expenses and allow up to move some revenue to theminimal road work services that we might be able to provide like hot patches onpotholes.The other option on garbage service would be to hire an outside vendor, and thereforelay- off some current employees and reduce some of our employee expense.3. All community Village sponsored activities like our Christmas celebration, donationsto the parade and side walk sale may have to end.