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New Glarus Village Board Approves 2018 Annual Budget

 

November 30, 2017

On November 21st, the New Glarus Village Board adopted the 2018 Annual Budget following a public hearing. The 2018 Budget reflects the Village's continual mission to provide high quality, cost effective services, under various internal and external funding constraints. Like many other communities in the region, New Glarus is attempting to "do more with less." The submitted budget makes the difficult decisions on which priorities to fund, and which must be delayed to future years, in order to maintain a balanced and financially sound budget.

The 2018 Budget presents similar funding challenges to those experienced in 2017, due to tax levy limits and expenditure restraints to meet the State's Expenditure Restraint Program eligibility requirements. Net new construction for the Village (calculated through January 1, 2017) is 1.58% (up 0.26% from 2017). Based on this limited growth, the total allowable tax levy for 2018 is $1,494,987 or an increase of 1.5% ($21,696) compared to the 2017 levy amount. As such, the total allowable levy increase for the Village in the 2018 Budget is only $15,644 (not accounting for debt service).

Breakdown of the Village Property Tax Bill – Where do my tax dollars go?

The Village is only one of several taxing jurisdictions that share your annual property tax payment. In addition to the Village, taxing entities such as the New Glarus School District, Green County, the Madison Area Technical College District (MATC), and the State of Wisconsin also retain a portion of your annual tax payment.

In terms of impact to citizens, for a residence valued at $160,000, the Village portion of the property tax would be appropriately $1,292, a decrease of $133 compared to 2017 (excluding Tax Increment Financing).

Highlights from the 2018 Budget include:

The tax levy (excluding debt) increases $15,644 compared to 2017.

State Shared Revenue decreased $5,000 to $240,225 compared to 2017.

State Highway Aid is up $16,535 from 2017 at $143,462 due to recent Village street projects.

The 2017 Assessed Value for the community is $178,811,800, up $13,410,200 from 2016.

2% wage adjustment for union and non-union employees.

$41,000 to fund the Village's portion of the NGFD building expansion project.

$40,000 for annual street maintenance projects.

$5,000 for participation in UniverCity program in partnership with UW-Madison, and a number of Green County municipalities and school districts.

$16,500 to the Police Squad Car Sinking Fund for purchase of a new squad car in 2019.

$7,454 for 2018 Election Cycle expenses.

For more information on the 2018 Annual Budget, please see http://www.newglarusvillage.com/government/budget or contact Bryan Gadow, Village Administrator, at (608) 527-5971 or bgadow@newglarusvillage.com.

 
 

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