PANDEMIC IMPACT ON VILLAGE FINANCES MINIMAL

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BY CALEB ALEXANDER

            While the impact of the coronavirus pandemic raging throughout the United States for over 10 months now has been powerfully negative in the form of lives lost, unemployment, people hospitalized, drastic alterations to the educational system, shuttered businesses and restrictions on how many people go about life, the Village of New Baden has not suffered financially, according to a report from its treasurer, Casey Pierce.

            Pierce reported to the New Baden Village Board that the circumstances created by the pandemic, which she referred to as “out of the ordinary,” prompted her to do some research concerning how the health crisis has affected the village’s financial status.

            For the fiscal year which started on May 1 of 2020, through the end of November 2020, Pierce compared the revenue and expenses for the village with the same time period in 2019 when there was no pandemic.

            Her findings, as she told the trustees, indicated that the village was in the same financial position in November 2020 as it was a year earlier, according to her examination of costs and income numbers, explaining at the meeting on January 18, “I thought it would be good to know.”

In December, however, the village board approved the estimated property tax levies for 2020 with an increase of 6.34% over the previous year during the COVID 19 Pandemic. That total levy, according to the New Baden News, which is the village’s city hall-controlled publication of information for residents, for the new year is $551,150, up by $32,924 from the tax levy extended for year before which reached $518,226.

This action means an increase in the real estate tax paid by owners of property in New Baden, the exact total depending on the results of the assessed valuation of each property.

Caleb Alexander

Caleb Alexander

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