Trustees have approved a new budget for Nameoki Township that calls for a decrease in property taxes and salaries.
The budget and appropriation ordinance for the township and road district for the fiscal year from March 1 to Feb. 28, 2016, was available during a public hearing June 22 at the Township Hall.
Property taxes will decrease by approximately $23,000 from last year. There will be $263,616 in property taxes for the new fiscal year. Also, replacement taxes will drop by $6,100 this year and interest income will go from $208 last year to $1,608 this year. There will be $682,503 in the general town fund.
Salaries for supervisor, clerk and trustees will be cut by $5,000 this year. There will be a $3,000 increase in office supplies, a $7,000 increase in office equipment, a $17,000 decrease in building expenses and a $13,000 decrease in mosquito abatement. Grants will be cut by $10,000 and the funds for the Morrison Road Ground Water Project will go up by $13,000.
There will be $29,349 in funds for the Illinois Municipal Retirement Fund. Retirement contribution will increase from $11,000 to $29,349 this year and property tax will remain at $10,150.
There will be a decrease in property tax, but Social Security contributions will go up in the Social Security Fund. Property taxes will drop to $20,793, compared to $21,055 last year. There will be $24,212 in Social Security contribution funds, a $212 increase from last year.
Property taxes will drop from $100,000 to $97,024 in the general assistance fund. There will be a $2,000 budget in fuel cost and a $5,000 increase in utilities and miscellaneous expenses. There will be $293,645 in general assistance funds.
The road district budget will include $535,907 in the general road fund, $270,305 in the permanent road fund, $28,932 in the Social Security fund and $16,793 in the Illinois Municipal Retirement Fund.
Trustees Curt Edwards, Fritz Nemsky, Charles Luehmann and Dan Abel, Town Clerk Helen Hawkins and Supervisor Randall Viessman were present at the township meeting.