Cridersville leaders hear budget concerns

Staff Writer

The Cridersville Village Council met for a speedy meeting on Monday night highlighted by a look into the village's finances.

Eric West, President of Council and Chair of the Finance Committee, recapped the committee's recent meeting, which put Cridersville's budget–of both the past and future–under the microscope.

West said that the village's general fund has been on the decline the last few years, and they identified two likely culprits.

"It has been brought to our attention that the general fund of the village has been on decline for the last few years," West said. "The biggest contributor has been the loss of local government funding and the loss of the inheritance tax."

"These are revenue funds that have been in absence for the last five-plus years," he continued. "The last year of the inheritance tax was 2014, and that gave us $35,000. In 2013, that particular tax gave us $406,000 to the village. With those taxes being lost, it's a substantial loss of income."

West also noted that the village has seen a slow increase in budget in recent years, with 2005 being the last year the budget didn't exceed $2 million.

West didn't cite any specific reason for the steady rise, only that "simply, every line item costs a little more each year, and that adds up over time."

West also mentioned that around half of the general fund spending is budgeted for the...

For more on this and other stories, pick up a copy of The Wapakoneta Daily News.