Shorewood — In the weeks ahead, village officials will be weighing several issues - including proposed storm and sanitary sewer enhancements - as the 2011 budget is assembled.
Village Manager Chris Swartz said he and fellow staffers at Village Hall have assembled a status quo budget that includes a proposed 2.9 percent increase in the property tax levy.
If approved by the Village Board, the nearly $300,000 increase in property taxes - the village's largest source of income - would offset losses elsewhere. The budget calls for more than $10 million in tax levy income in 2011.
"The interest rates on all of our investments are down, as is state revenue," Swartz said. "Because of this, we're already starting with a deficit."
The tax rate in the village is set to increase a projected 20 cents per $1,000 of assessed value. Based on numbers crunched, the proposed budget - if approved - would result in a $2,330 tax bill for the average resident with a property assessed at $344,300. The proposed figure would represent a $68.86 increase in the village portion of the tax bill from 2010.
The village comprises about 28 percent of a Shorewood resident's tax bill, second to the Shorewood School District, which makes up 41 percent. Other taxing bodies include the state and county, Milwaukee Metropolitan Sewerage District and Milwaukee Area Technical College.
The village budget of more than $10.5 million, as proposed, includes a number of initiatives, including $200,000 toward road maintenance and $30,000 toward prevention of the emerald ash borer disease that afflicts trees. The village is once again proposing natural lawn care on all land under municipal jurisdiction.
Also under consideration in the 2011 budget is $300,000 that could be allocated toward future principal and interest payments that would help fund $4 million in storm and sanitary sewer improvements. The projects, if approved, would be earmarked to address the flooding and sewer back-up issues that erupted during the major downpours in July.
The Village Board will be hashing over the budget at workshop meetings scheduled for today and Oct. 25.
A public hearing has been scheduled for Nov. 15, and the board could adopt the 2011 budget that same night.
- Dave Fidlin
By the numbers
percent increase for property tax levy
cent increase per $1,000 of assessed value in tax rate over 2010
increase in property tax bill for average value home of $344,300
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