Weathersfield loses revenue from ’11 taxes

February 3, 2012 at 12:00a.m.

MINERAL RIDGE

Weathersfield Township lost 18 percent of its state reimbursement of personal-tangible property tax and public-utilities taxes in 2011 and expects further cuts in 2012, officials said.

Township trustees approved a final budget of $4.9 million for 2011 on Thursday, which is required to be submitted to the county after the year is over.

The township spent $3.5 million in appropriated expenditures and has a carry-over of $1.8 million, which it needs to get through the first three months of this year, because it receives no tax money from the county for the first three months of the year, officials added.

Clerk Fred Bobovnyk said the township lost $245,834 in 2011, first with the state taking away $114,926 in taxes, and it lost an additional $130,909 in personal-property taxes due to delinquencies and reduced valuations.

The township received $419,323 last year in state- tax reimbursements of tangible property and utilities’ taxes, and Bobovnyk said he anticipates that in 2012 the township will receive $117,693 less in those taxes.

He won’t know exactly what the state will do until later this year, he said.

The new Trumbull County valuation of property is not expected to be felt until either 2012 or 2013, Bobovnyk said. Property values were reduced in the latest valuation.