The Grand Forks Park Board passed a budget that will lower its levy in 2010 by one more mill.
The board passed a levy of 38.22 mills, a decline for the fifth-straight year. The mill rate topped out at 45.89 mills in 2004 and 2005.
Most of the credit goes to the sagging economy, which has lowered loan interest rates. "We refinanced our bonds and got a big savings," said John Staley, Park District director.
The district will levy $5.39 million in taxes in 2010, about $29,000 more than in 2009. The increase comes from a 3 percent growth in property valuations.
