Pound Village Tax Rate Drops $1 Per $1,000 Issue Date: December 5, 2019
After receiving some good news from the Wisconsin Department of Revenue in regard to its levy limits, the Pound Village Board held a special meeting at 5 p.m. Friday, Nov. 29 to finalize its budget for 2020 and the tax levy to support it.
With no dissenting votes, the board revised totals approved at a special board meeting following the annual budget hearing on Tuesday, Nov. 25. The only members of the public present for the budget heating were Public Works Director Kevin Schutte and a reporter for the Peshtigo Times.
The final budget provides for a village tax rate of $9.10 per $1,000, down from $10.10 last year and $10.09 the year before. The revisions from the state allowed the board to restore $10,694 of the $15,868 it had cut from the proposed capital expenditures allocation to bring the budget into compliance with levy limits at the Nov. 25 meeting. With the restored allocation, the village has $37,559 to spend on capital improvements in 2020. Capital improvements include items like major equipment purchases, major building repairs, and street, sidewalk and water and sewer utility improvement projects.
Clerk/Treasurer Diane Patz explained the revised levy limit came to $124,694, up from the $114,000 that had been calculated at the time of the Nov. 25 budget meeting.
In addition to the $124,694 village tax levy, village taxpayers will pay $132,511 for the Coleman School District, $11,174.48 for NWTC, and $60,687.67 to support Marinette County government expenses.
Tax bills for village residents for village, county, school, and NWTC expenditures will total $24.02 per $1,000, or $2,402 on a property assessed at $100,000. Overall assessed value of the village is $13,700,200.
The $124,694 property tax levy is down 9.181 percent from last year, and total revenues are up 6.458 percent, from $337,021 to $348,138. The budget provided for expenditures of the same amount, which also was a 6.458 percent growth.
Most of the added revenue will come from an increase in intergovernmental revenues (mainly various state aids) from $172,071 to $198.416. The budget shows an increase in projected public charges from $5,100 to $16,500 and a drop in anticipated miscellaneous revenue from $11,450 to $500, mainly due to accounting changes.
Projected spending for general government dropped from $137,585 to $95,795; while projected public works spending was increased from $35,900 to $92,217, again mostly due to accounting changes. The public safety allocation, mainly for the Fire Department and Coleman Area Rescue Squad, was increased from $49,950 to $57,553.
The budget also provides for payment of $56,065 from the general government budget, up from $41,000 last year.
TIF District revenue is projected at $20,007, while planned expenditures total $71,570, mainly due to debt payments of $66,570, which is in addition to the general village debt payment.
Board members present for the 38-minute special meeting on Friday were Village President Terry Earley and trustees Mary Meyer, John Homontowski and Mike Rogodzinski. Trustee David Navis was absent and excused. The only member of the public present for the special meeting was Public Works Director Kevin Schutte.
The next regular monthly meeting of the Pound Village board will be at 6 pm. on Tuesday, Dec. 9.
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