MONROE - The City of Monroe Finance and Taxation Committee opted to recommend $9.79 per $1,000 of equalized property values as the 2014 city property tax rate.
The committee voted 3-1, Monday, Oct. 28, to send the 2014 proposed budget to the Common Council for more discussion and to set a public hearing for Nov. 19.
Tyler Schultz voted against the motion made by Reid Stangel and seconded by Brooke Bauman.
The proposed tax rate is about 13 cents, or 1.34 percent, higher than the 2013 rate of $9.66.
The owner of a $150,000 home can expect to pay about $1,940 in city taxes next year, about $20 more than in 2013. The owner of a $200,000 will pay $2,586, an increase of $26, in property taxes.
The budget is expected to go before the council Nov. 5.
The city is looking to raise $6.3 million in property taxes.
Of that amount, $5.9 million will cover the revenue gaps in the general fund. Debt service of $1.14 million, with no increase from last year, will use $225,000. Capital projects need $94,000 and the airport will receive $72,000.
General expenditures will total about $10.01 million, compared to $10.09 million in 2013. General expenditures include general government; public safety; public works; health and human services; and cultural, recreation and education services.
General government expenses will increase by about $25,000 or 1.7 percent, from $1.68 million to $1.70 million. Public safety went down by 3.5 percent, due largely to an unfilled position, from about $4.0 million to $3.9 million. Public works will hold steady compared to 2013 at $2.97 million.
Health and human services will remain at $69,000. Cultural, recreation and educational expenses will be $1.39 million, an increase of 3.3 percent, or $44,000, from $1.34 million in 2013.
Capital funds and debt service are not included in the state-mandates levy limits.
The city is hoping to see revenues from public services charges increase slightly, about $27,000, from $648,000 to $675,000. Utility bills for water, storm water and sanitary sewer billings are not included. License and permits are also expected to raise $26,000 more than last year, bringing in $232,300 in 2014 compared to $206,000 in 2013. However, other sources of revenue are expected to decline by a total of $62,000.
State revenues are expected to be about 1 percent higher this year, up $22,000, from $2.35 million to $2.37 million.
The committee voted 3-1, Monday, Oct. 28, to send the 2014 proposed budget to the Common Council for more discussion and to set a public hearing for Nov. 19.
Tyler Schultz voted against the motion made by Reid Stangel and seconded by Brooke Bauman.
The proposed tax rate is about 13 cents, or 1.34 percent, higher than the 2013 rate of $9.66.
The owner of a $150,000 home can expect to pay about $1,940 in city taxes next year, about $20 more than in 2013. The owner of a $200,000 will pay $2,586, an increase of $26, in property taxes.
The budget is expected to go before the council Nov. 5.
The city is looking to raise $6.3 million in property taxes.
Of that amount, $5.9 million will cover the revenue gaps in the general fund. Debt service of $1.14 million, with no increase from last year, will use $225,000. Capital projects need $94,000 and the airport will receive $72,000.
General expenditures will total about $10.01 million, compared to $10.09 million in 2013. General expenditures include general government; public safety; public works; health and human services; and cultural, recreation and education services.
General government expenses will increase by about $25,000 or 1.7 percent, from $1.68 million to $1.70 million. Public safety went down by 3.5 percent, due largely to an unfilled position, from about $4.0 million to $3.9 million. Public works will hold steady compared to 2013 at $2.97 million.
Health and human services will remain at $69,000. Cultural, recreation and educational expenses will be $1.39 million, an increase of 3.3 percent, or $44,000, from $1.34 million in 2013.
Capital funds and debt service are not included in the state-mandates levy limits.
The city is hoping to see revenues from public services charges increase slightly, about $27,000, from $648,000 to $675,000. Utility bills for water, storm water and sanitary sewer billings are not included. License and permits are also expected to raise $26,000 more than last year, bringing in $232,300 in 2014 compared to $206,000 in 2013. However, other sources of revenue are expected to decline by a total of $62,000.
State revenues are expected to be about 1 percent higher this year, up $22,000, from $2.35 million to $2.37 million.