Reasons for 2023 Requested Tax Increase

News
  Posted on October 24, 2022


The last tax increase was in 2017.  In 2017, a home worth $562,000 paid $435.21.  Today, a home worth the same pays $223.48.  HFV is asking the tax levy to be restored to the 2017 levy, so a home worth $562,000 today will pay $423.15 (does not include a 21% inflation rate since 2017).
 
The reasons a tax increase is needed include the following:
 
  • The number of calls responded to has increased from 2,800 in 2017 to 5,000 in 2022 (projected through the end of the year based on current call volume)
  • 21.09% overall inflation, but substantially more in supply costs:
    •  Bandages: 650% increase
      • $0.30 in 2017 to $1.94 today
    • Pre-filled 10ml Flushes (IV Drips): 79% increase
      • $145 in 2017 to $260 today
    • Fuel: 81% increase
      • $2.87 in 2017 to $5.20 today
    • Oxygen Cylinders: 50% increase
      • $230.40 in 2017 to $345.60 today
    • Soap (5 gallon): 50% increase
      • $50 in 2017 to $75 today
    • Protective Gear: 56% increase
  • Average response times have increased; additional resources are needed to reduce response times
  • Population and tourism growth require additional stations, firefighters, and equipment to maintain an acceptable level of response
  • To reduce costs, HVF is buying used equipment and refurbishing for an average of 25% of the cost of new, which extends the reliable life of equipment by approximately 5 years
  • HVF had to borrow $3,424,000 to cover current year’s expenses
  • Requested tax increase is for $3,424,000 to avoid the need to borrow again
 
 

Closes on December 7, 2022



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