The South Milwaukee City Council unanimously passed the 2015 budget Tuesday night … one that maintains our first-class services while providing needed investments in some key areas to better our city.
You can see the document here. Some highlights …
- The city tax levy is budgeted to fall 4.96% to just over $10 million, due primarily to the shift of fire hydrant maintenance fees from the property tax to a fee on property owners’ water bills. You can learn more about that decision here.
- Tax rates are also decreasing, from $8.85 per $1,000 of assessed valuation in 2013 to $8.41 per $1,000 in 2014. This is the city tax rate only.
- Revenues are budgeted to increase 5.95% to more than $9.3 million, again primarily due to the hydrant fee shift.
- Expenditures are budgeted to increase 0.8% to $18.7 million.
Obviously, there is a lot more detail behind all of this, and I share a lot of those details in my previous post.
In the end, I am proud of this first budget — proud of the investments it makes in our people, services and promising future. We are spending wisely to grow our city, and stepping up our game in key areas like economic development, downtown planning, urban forestry and human resources.
And we’re just getting started.
On, South Milwaukee!