INDIAN LAKE - Like most of the local budgets, Indian Lake has managed to decrease their tax rate despite tough economic times. Taxes will be down 5 percent.
The total 2010 budget is proposed at around $4 million.
"This includes no major projects for the upcoming budget year," said Pam Howard, budget officer for the town of Indian Lake.
Of the aforementioned $4 million, 85 percent will be raised by taxes. The amount of the budget raised by taxes has seen an increase of 3.2 percent this year.
Taxpayers will see the 5 percent decrease in their taxes in the rate per $1,000 of assessed value. The rate included in the upcoming budget is $3.71 per $1,000.
Indian Lake made some major changes in their retirement and healthcare plans, which had a critical effect on the budget, according to Howard.
"It was a tough budget year because of the troubles in the economy and because it was an election year. Election years are always hard on budgets," she said.