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The original item was published from 11/5/2020 3:44:01 PM to 11/16/2020 11:05:02 PM.

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Posted on: November 5, 2020

[ARCHIVED] Village Sets Public Hearing for 2021 Proposed Budget

budget chart

The Village Board will be having a public hearing on the 2021 proposed Village budget on Monday, November 16 at 7:30 p.m. Finance Director Mark Emanuelson will present the proposed budget to the Village Board and public. The Village Board and staff spent countless hours getting the budget to this point in the process. Community feedback throughout the year and priorities identified by the volunteer committees and Village officials help shape this year's proposed budget.

Here are the main things you need to know as it relates to the 2021 budget:
  • The Village is proposing a 0.98% increase on the Village's portion of the property tax levy.
  • A homeowner with an assessed value of $320,000 will see about a $17 increase in their property taxes for the Village portion.
  • The Village portion is only roughly 27% of your total property tax bill. The other taxing authorities include the school district, Milwaukee County, MMSD, and MATC.
  • Some of the new capital funding includes a new police squad, multiple DPW vehicles and equipment that needs replacing, new street markings for Capitol Drive, continuation of the Alley reconstruction program, scheduled mill and overlay projects, and multiple facility improvements to the public buildings.
  • Parking fees for monthly evening off-street permits are budgeted for a 40% decrease in 2021 based on an anticipated new fee structure reducing permit fees from $50 to $30.
  • No anticipated rate increases for the Water or Sewer Utility.

I encourage for you to take a look through the 2021 proposed budget. If you have any questions, please contact me at rewald@villageofshorewood.org or give me a call at 414.847.2701.

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