Marinette City Budget Public Hearing Nov. 30Issue Date: November 29, 2017
Members of the public will have an opportunity to comment on the proposed 2018 budget for the City of Marinette at a public hearing at 4:30 p.m. Thursday, Nov. 30.
At 4:45 p.m., or immediately after the budget hearing, City Council will convene in a special session to approve the city budget of $5,293,030 and the total tax levy of $15,951,606.34 required to support it, as well as the Marinette County, Marinette School District, and NWTC tax levies.
After deducting school property tax credits from the state this equates to a tax of $1,096 on a $50,000 home, up $31 from last year's $1,064.98 tax, a 3% increase.
The proposed budget includes a levy of $5,293,030 for the city's general fund and debt service funds and $1,614,589 for Tax Incremental Financing (TIF) Districts 3 through 13.
The total tax bill, if approved as proposed, will include $5,293,030 for the City of Marinette budget, $5,711,188 for the school district, $522,479 for NWTC, $2,810,321 for Marinette County, and $1,614,589 for the TIF districts, bringing the total to $15,951,606 for which approval is expected. Tax rate before school property tax credits would be $23.49 per thousand. After deducting $1,055,617 from the required levy the rate will become $21.93 per $1,000.
The city's operating budget this year is $12,748,517 up 3.79% from last year's $12,282,865. Finance Director Jackie Miller explained that by keeping the budget increase under the 4.1% amount of new growth allowed by the state the city remains eligible for expenditure restraint money from the state, which in turn allows them to keep local levies down. She said last year the city was allowed only a .9% budget increase, which made it necessary to cut many items to cover the cost of other price increases. She said for example last year the cost of health insurance rose by 5%.
Miller said the large amount of new construction in the city this year allowed them to stay within the levy restraint limits while providing for some one-time capital outlay items.
In addition to budget and tax levy approval, the only other item on the agenda for the brief City Council meeting is approval of a special temporary Class "B" Beer and Wine License for St. Thomas Aquinas Academy for a fund raising event there on Friday, Dec. 1. Approval is expected.
According to the license application, proceeds of the Dec. 1 "Built By Bruno Productions," event will benefit the "Shop With a Cop" program.
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