Wednesday, November 18, 2009
State Caps
The State of Wisconsin allows Cities and Village to increase their General Fund Levy based on their property tax base growth and a State-identified base of 3.00 percent on the previous year’s maximum allowable levy plus the unused cap from two years prior. For 2010, the City is allowed an 8.37 percent increase in the General Fund Levy. The approved 2010 Budget levy increase is at 3.94 percent. The based on the levy limit work sheet, the city will still have $296,900 of unused cap space.
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