While Pemberville Village Council earlier this month was approving the budget for 2010, councilmembers also discussed changing the 40/60 split of the income tax and the village’s current financial situation.

Council considered but took no action on a suggestion to reduce the amount allocated to permanent improvement funds – the water and sewer funds in particular.

Councilmembers decided to leave the split at its present ratio and to reconsider it later in the year if needed.

The next meeting of the village planning commission will be March 31. It had been scheduled for March 17.

Commission members last month met with representatives of Union Bank to discuss flooding issues.

Eastwood finances
Brent Welker, Eastwood school superintendent, is giving district residents a “heads up” in his weekly newsletter about the district’s financial condition.

Even in a “best case scenario” Eastwood schools will have about $1.1 million less in operating revenue by 2014 when a tax agreement with Troy Energy concludes.

“If you believe some of the more dire predictions for state funding, our losses could be $1.7 million,” he writes.

The revenue loss will have to be offset by making budget cuts, according to Welker, who argues the district’s stability will depend on the renewals of an emergency levy in May and an income tax next year.

A loss of revenue from the local tax issues and state funding would drop Eastwood’s operating budget to less than $10 million from about $14 million.

“At that amount we might be able to provide teachers for the core academic subjects of reading, English, math, science, and social studies as well as busing and utilities,” Welker writes. “Not much else.”

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