The Lansing Town Board passed the 2011 $5,480,544.05 budget Wednesday. $1,829,976.60 will be raised by taxes at a tax rate drop of 5.32%. While the overall budget is $1,157,149.25 higher than this year, the levy is $384,793.36, $384792.61 less than last year's levy. The board approved the budget unanimously after a public hearing. They also approved a special districts budget of $1,526,390, which is paid by residents of those districts only. Special districts include water, lighting, drainage, and sewer districts.
$192,340 from an existing fund balance is is being used to pay down debt. $186,840 will be used to pay off the debt on the Town Hall. A 2008 equipment loan for the highway department will also be paid off.