9:05 a.m. —

With all precincts reporting, it appears the Riverside levy referendum has failed, with about 81 percent of voters opposed.

11 p.m. —

The referendum to approve a property tax increase looks as though it will fail. Four of the 10 precincts were counted as of 11 p.m. and about 83 percent of voters were opposed. About 17 percent voted in favor of the property tax increase.

The current operating budget is in a deficit of $111,000. The question was whether residents wanted to approve a 4 percent increase in their total tax bill during the next four years.

The village claims cuts will have to be made with the referendum’s failure.

8 p.m. —
One precinct out of 10 in the Village of Riverside has reported, with 73 percent of voters saying no to the referendum.

Riverside residents were asked to approve a property tax increase officials say will provide the village with funds to maintain current service levels and to add more services.

The current operating budget is in a deficit of $111,000. The question will ask residents to approve a 4 percent increase in their total tax bill during the next four years. For an average home in Riverside, valued at $450,000, the increase would be $286 in 2009 and $350 per year until 2012.

If the referendum is approved, the revenue generated will be $930,000 per year.