OPINION: Under municipal levy caps, it`s borrow or crumble
s they advance 2021 budgets, the Town of Oakland and Village of Cambridge are a tale of two approaches to meeting crippling state tax levy caps.

Borrow or crumble?

For municipalities, neither is a good alternative.

The state levy limit law adopted in 2006, and update in 2011, continues to base how much a city, town, village or county can raise its tax levy over the previous year solely on the recent net value of new construction within its borders.

The law grants fast-growing communities that are seeing a lot of new development the needed flexibility to raise taxes to cover vital infrastructure upgrades and other costs...
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Ken Notes: This a great read and a good summary of the struggles of smaller communities in Wisconsin. We often legislate without thinking about the impact on all of our communities.



- - Volume: 8 - WEEK: 44 Date: 10/29/2020 9:33:56 AM -