The South Milwaukee City Council approved the 2011 budget on Tuesday night in a 7-0 vote.
The details (and context) are not much different than what I reported in my previous post found here.
But here is some updated information …
- The city tax levy will increase 1.86 percent, from $10,001,640 to $10,188,003. This is actually lower than the increase called for in the initial draft of the budget.
- The city tax rate will increase 2.13%, from $7.09 per $1,000 of assessed valuation to $7.24 per $1,000. That means for the owner of a $150,000 home in South Milwaukee, the city portion of that person’s property tax bill we be $1,086 in 2011, up less than $23 from 2010.
- Changes from the proposed executive budget include a small increase in auditing fees, a decrease in fees paid to Milwaukee Area Domestic Animal Control and a small increase in the Police and Fire Commission budget due to the looming search for a new fire chief.
I should also point out some of the fears raised about the local impact of state budget woes for the back half of 2011 and beyond. A potential loss in shared revenue, among other impacts, looms when the new governor and legislature hammer out the 2011-13 biennial budget.
Why is this potentially significant for us? Shared revenue is a more than $3.1 million line item for us, so any cut could hurt. I’ll keep you posted.
South Milwaukee Blog 