DECATUR — The Decatur Township Board of Trustees will lower its property tax levy for the coming fiscal year, keeping an earlier promise.
The board approved a tax levy during its Wednesday night meeting of about $1.63 million for the fiscal year that begins April 1. The levy is about $60,000 less than the $1.69 million tax levy approved last fall.
The township has not provided an estimate of the tax rate or how the levy decrease would affect the owner of a $100,000 home. Last year's rate was 35 cents per $100 of equalized assessed valuation. That worked out to about $117 for the owner of a $100,00 home.
The board first made plans to drop the levy during a special meeting held in November, with township Supervisor Lisa Stanley saying at the time that the township was in good enough financial health to lower residents' tax burden.
The township began its fiscal year with more than $550,000 on hand. As of Wednesday, Stanley said the township had $1.2 million on hand, or more than half of its current budget of $2.34 million. She credited salary and general assistance program savings for the township's financial health.
Among the areas where savings have been made is a decision in fall 2016 to cut the salaries of all elected officials chosen in this spring’s consolidated election. Those cuts will generate an annual savings of at least $40,000.
Stanley also noted cuts made the past several years in the township’s general assistance program, which has seen its budget drop by more than $100,000 since 2015.