Tuesday, November 20, 2012

2013 Village Budget and Tax Levy Approved

At the 11/19/2012 Village Board meeting, the Village Board adopted a total expenditure budget of $16,220,605. This budget includes funding for operations, debt service and major street projects both construction and reconstruction in nature. I am pleased to report that the current budget maintained current services, qualified for the expenditure restraint program, stayed well under the levy limit cap, provided for major capital projects and met the village’s financial policies.

The total village property tax levy for the 2013 budget year is $8,532,724. This is a 2% increase in total levy dollars over the 2012 property tax levy. The village’s total assessed value grew $1,829,500 over the 2012 budget assessed value or 1.83%. The total assessed value of the village is now $1,312,681,800.

The local assessed tax rate is $6.724 per thousand of assessed valuation compared to $6.605 for 2012 or an increase of 1.80%. The average home in Waunakee is valued at $281,076 and would see a local village tax of $1,890. The average home in Waunakee in 2012 was valued at $288,750 and paid a local village tax of $1,907.

I wish to specifically thank Finance Director Dave Ferris, Finance Department staff and the departmental managers for working hard to accomplish a responsible budget that guarantees delivery of the top notch services that our citizens have come to enjoy and appreciate. I am also thankful for the dedication of the Village Board and Finance Committee who gave careful consideration to the budget proposals.