Westlake council votes to maintain millage rate

July 21, 2010 at 8:29 pm

WESTLAKE — The City Council on Monday voted to maintain the city’s millage rate at 6.4 for the 2010-2011 fiscal year.

Finance Director Lonnie Smart said the maximum allowable increase to 6.49 would have upped the city’s income by only about $2,300.

“We just didn’t see the need to pass that on to the taxpayer,” Smart said. “It’s such a small amount.”

Smart said the recommendation was from the city’s senior accountant, Jimmy Ashworth.

“This doesn’t mean we won’t look at increases in the future, but right now we don’t see the need,” Smart said.

For the 2009-2010 year, revenue based on the assessed value of property in the city declined by $390,027 to $23,749,360, according to city records.

A taxing body may roll millages forward to make up for any loss of revenues caused by reduced assessment.

link: http://bit.ly/9GfH0Q

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