Category Archives: Budget

So What’s This Going to Cost Me?

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Neighbors,

Last Wednesday night the Morgan County Council approved our budget with the total levy being $105,000 for 2013. This amount sets the LDCD assessment rate at 0.2415%. This is tentative as we await final approval from the Department of Local Government Finance. If the budget remains the same, the numbers below can be used by you to ballpark how much you will be paying in assessment next year. Keep in mind that these numbers are the total for the year, not for each of the two assessments that will occur in May and November.

Assessed value      LDCD tax (0.2415%)

$50,000                    $121
$100,000                  $242
$150,000                  $362
$200,000                  $483
$250,000                  $604
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$350,000                  $845
$400,000                  $966
$450,000                  $1,087
$500,000                  $1,208
$550,000                  $1,328

Regards,

Dean Roberson

Budget Approved; Insects killing trees

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The Morgan County Council approved our LDCD budget at their September 12, 2012, meeting. A large chunk of the budget is paying Morgan County back for the zero interest loan that LDCD is using to get us to next June when we will receive the first tax assessment income. The budget also includes monies for lake treatment, mowing, mailings, public notification, legal, rainy day fund, etc.

We added tree removal to the budget since we have a couple of trees that are a problem. Looking to the future with the Emerald Ash Borer spreading through the State and the Asian Long-Horned Beetle in Cincinnati and primed to enter Indiana, tree removal will become a growing issue for the Board and  home owners. The Asian Beetle being the worst because it first attacks maple trees which are so plentiful and then other tree species as it is not species specific. I spoke with one arborist who surmised that in 10 -15 years we could conceivably lose 40% of our tree canopy. Not good news but it is coming.
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Dean Roberson