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CITY ELECTION PROFILES: WARD 8: Reid Stangel
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Q: In expectation of falling revenues (such as state shared revenue) and increasing costs (such as health care and pension plans costs), what should the City of Monroe do to balance its budget next year?A: The proposed state budget and cuts will put Monroe and every other municipality in a tight budget situation. Balancing the budget without cutting services will be a challenge.Q: Equalized property values in Monroe's five Tax Increment Districts (TID) fell by about $6 million total last year. If a TID does not raise enough tax revenue annually and does not have enough excess funds to meet its debt payment, the city must pay those shortfalls from its general fund.