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Mount Pleasant residents will not see an increase in their village taxes next year as long as their property values don’t rise.
Village President Mark Gleason called the 2015 budget “responsible” because spending is only going up 1.7 percent and the property tax mill rate will remain at $7.32 per $1,000 of assessed value, a story in The Journal Times reads.
The 6-1 approved budget includes $2.5 million of borrowing for roads and a new police officer.
Trustee Gary Feest cast the lone dissenting vote because, he said, he doesn’t think borrowing for roads in sustainable, the story continues.
Village Finance Director Terri Gayhart confirmed tax rates will remain flat as long as property values don’t rise.