11/20 Village of Kewaskum Increases Annual Tax Levy by Three Percent

The Kewaskum Village Board adopted their 2014 budget at a meeting Monday night that includes a three percent levy increase to cover a tax incremental district shortfall and road repairs. Village Administrator Matt Heiser presented two budgets in his report.
The first budget didn’t include a three percent levy increase. The total revenues were $2.42 million and the total expenditures equaled that same amount. Heiser pointed out that the spending portion in terms of expenditures is down by a margin of one point five percent. He said that even with that one and half percent decrease on spending, the increment bumped up just a little bit, so that means for the total bottom line, the village tax levy would be at a four cent increase.
The mill rate would increase from $6.15 per 1,000 to $6.19 per 1,000. That would be a $6 increase for a home worth $150,000, according to Heiser. The other budget option with a three percent levy increase would see the total revenues at $2.45 million and the total expenditures would be equal at $2.45 million. Heiser said the total levy would increase from $288 to $316. The village mill rate would increase from $6.15 to $6.38. The budget with the increase was approved by a five to one vote margin. Trustee Kevin Scheunemann was the lone representative voting no.
 
Filed Under :
Topics : Business_Finance
Location : Kewaskum
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