Colfax approves $1.2 million budget for 2013

By LeAnn R. Ralph

COLFAX — Following a public hearing on December 6, the Colfax Village Board approved an expense budget of nearly $1.2 million for 2013.

The budget of $1,164,879 for next year compares to a 2012 budget of $1,375,053, representing a decrease in the expense budget of $210,174 for 2013.

Some of the decreases include $15,000 less for the municipal court budget; $20,000 less for administration; $60,000 less for streets; $100,000 less for capital improvements; and $16,000 less for debt service.

No residents from the village attended the meeting, and after keeping the public hearing open for 15 minutes, Gary Stene, village president, closed the public hearing.

According to preliminary numbers provided by Jackie Ponto, village administrator clerk-treasurer, the total assessed value of the village is $49.45 million. State tax generated on the assessed value will be $7,203.

Taxes for Dunn County on the assessed value will be $324,000.

Taxes for the Village of Colfax generated on the assessed value will be $504,000.

Taxes for the Colfax School District generated on the assessed value in the village will be $373,000.

Taxes for Chippewa Valley Technical College based on the assessed value in the village will be $75,000.

Total taxes collected for property located within the village are expected to be $1,282,586.63.

The mill rate for the village of Colfax is projected at $10.20 per $1,000 of property value.

The mill rate for the Colfax School District is projected at $7.52 per $1,000 of property value.

The mill rate for Dunn County is projected at $6.54 per $1,000 of property value.

The mill rate for CVTC is projected at $1.02 per $1,000 of property value.