A slight tax increase of $308 will be levied for the village of Iola.
The Iola Village Board approved a 2014 tax levy of $669,871 at its Oct. 14 meeting.
The tax levy reflected an increase of less than half a percent from the 2013 levy of $669,563.
The 2014 budgeted expenditures for the village are $1,118,078, compared to $1,101,802 in 2013, with a 2014 revenue of $48,207, compared to $432,239 in 2013.
The only significant departmental increase was for the recycling center budget, which is up 300 percent.
For 2014, the recycling center budget increased to $4,596, compared to $1,500 in 2013 and 2012. This increase was due to a 40 percent decrease in state recycling funds. Also, there currently is a poor market for recyclables.
The board approved the 2014 budget following a public hearing.
Village President Joel Edler congratulated the Finance Committee for a job well done and for keeping the village’s tax rate down.
In other business, the board:
• Approved a $2,955 dam project change order.
• Noted the wastewater treatment facility (WWTF) roof repair has been completed.
• Discussed and tabled refinancing and reclassification of $1.75 million WWTF loan.