CORRECTION: Transportation Plan Proposed Tax Increase Explained

20-year plan expected to cost $92 million over 20 years. Proposed tax increase $50 per $100,000 of assessed value

The Lake Country Calendar would like to clarify its story on Lake Country’s Transportation for Tomorrow Plan, as published in the Dec. 4, 2013 edition of the newspaper.

The Calendar inaccurately reported that the plan will cost Lake Country $200 million over 20 years.

However the actual figure is $92 million over 20 years.

The Calendar apologizes for the error.

The district says it is looking at increasing funding from $3.1 million to $4.6 million each year in its 20-year plan That equates to $92 million over 20 years and includes maintenance as well as renewal and improvement projects.

The district also says a proposed tax hike for Lake Country residents will equal $50 per $100,000 of assessed value for homeowners in Lake Country.

Budget deliberations are underway in Lake Country.

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