WAYNE – Following the first of two budget public hearings, a second is being scheduled during the Wayne City Council regularly scheduled meeting this week.
From the council chambers inside City Hall, the Tuesday, September 7 meeting will begin at 5:30 p.m.
A tax asking/property tax levy public hearing will take place early in the meeting as the total fiscal year 2021-22 budget is $35,348,642. The property tax proposal for the General Fund operation is $925,180.00 which compares to the 2020 tax asking of $879,121.
Pursuant to State Law, the maximum levy for a municipality is $0.45 per $100 of property valuation. When combined with the debt service asking, the combined amount for the proposed budget year is $1,027,680.00 or $.412303 per $100 of property valuation which is slightly higher than last year – $.411663.
The valuation in the community, as reported by the County Assessor for 2021 is $249,253,762 which is up $11,165,435 from last year.
Council will then look to set the property tax request for 2021-22. A resolution item will pertain to approving the allowable 1% increase in base limitation of restricted funds’ budget prior to adopting the 2021-22 budget.
A second public hearing will address an application for Community Development Block Grant (CDBG) for owner occupied rehab funds. This grant was initially applied for by the Wayne Community Housing Development Corporation (WCHDC). DED, upon review of the submitted pre-application, determined that WCHDC was not eligible to submit an application for 2021 CDBG Owner Occupied Rehabilitation funds. However, it was determined that the City of Wayne could apply and would then be responsible for administering the grant if selected for award. All CDBG funds will benefit low-to-moderate income persons in the community and no persons or businesses will be displaced as a result of this project.
Several resolution items will follow.
More information will be provided during the meeting about an action item directing City of Wayne staff to solicit “Requests for Proposals” for the development of the 4th Street property. This area is better known as the old community gardens/brush pile/tree farm/upper rugby-soccer fields. Also, an update will be passed along on the 2020 census and current housing study.
