Sponsor
Alderman Shields
Title
A Resolution to Exceed the Levy Increase Limit Under Wis. Stat. § 66.0602
WHEREAS, the State of Wisconsin has placed levy limits on towns, villages, cities, and counties under s. 66.060 of Wisconsin Statutes, and;
WHEREAS, Wis. Stat. § 66.0602 limits the local levy to a percentage increase of no more than the greater of either: (a) 0% increase over the maximum allowable levy based on the state's levy limit law; or (b) a percentage equal to the percent change in equalized value due to net new construction, and;
WHEREAS, the Racine Common Council believes it is in the best interest of its citizens to exceed the state levy limit as described above by a greater percentage than the amount otherwise allowed to maintain the proper level of police, fire, and other public services.
NOW, THEREFORE, BE IT RESOLVED that:
The Racine Common Council hereby supports an increase in the City tax levy for 2013 (to be collected in 2014) that would exceed the amount otherwise allowed by the state levy limit by 5% ($2,498,016), on an ongoing basis and;
The Racine Common Council directs that the following referendum question be directed to the voters of the City of Racine at the election scheduled for April 2, 2013:
"Under state law, the increase in the levy of the City of Racine for the tax to be imposed for the next fiscal year, 2014, is limited to 0%, which results in a levy of $49,960,322. Shall the City of Racine be allowed to exceed this limit and increase the levy for the next fiscal year, 2014, by a total of 5%, which results in a levy of up to $52,458,338 for 2014 and future years?"