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The original item was published from 9/10/2021 10:36:02 AM to 10/13/2021 4:27:12 PM.

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Posted on: September 10, 2021

[ARCHIVED] Village Presents 2022 Proposed Budget Summary

tax levy history

The 2022 proposed budget was presented to the Village Board and public during the September 8 Village Board meeting. To review the 2022 proposed budget summary, go to the September 8 Village Board agenda packet and go to page 3. Click here for the proposed budget in its entirety. Below are some of the main points you should be aware about with the 2022 proposed budget:
  • The proposed budget contains an overall tax levy increase of 1.9% or $223,635 over the prior year tax levy.
  • This would compute to a $42 increase for the Village portion of a property tax bill on a $340,000 valued home in Shorewood in 2022.
  • Approximately $100,000 of this increase relates to a 5% increase in the debt service tax levy to pay for past projects.
  • Prior Village Board action changes the method of collection for the water utility public fire protection fees, which improves comparability between communities and can allow the village to restore annual capital funding to long‐term sustainable levels while still maintaining our eligibility for about $275,000 of state aids under the Expenditure Restraint program.
  • Court Fines have been projected to decrease by $40,000 due to changing trends. Parking fines (net) have been projected to decrease by about $40,000 due to the drop in overnight parking violations that came with the expansion of the on‐street parking permit program.

There will be multiple opportunities for the public to learn about the 2022 proposed budget. Below is the budget workshop schedule with meeting agendas and call-in information to be posted here.
  • Monday, September 13 at 6:00 p.m. - General Fund department budgets, General Capital Budget, Utilities
  • Monday, September 20 at 6:00 p.m. - Library, Senior Resource Center, Shorewood Today, Debt Service, TID's
  • Thursday, October 14 at 6:00 p.m. - Wrap-up with Village Board, Staff updates and review of follow-up list
  • Monday, November 15 at 7:30 p.m. - Public hearing on the 2022 budget

If you have any questions related to the 2022 proposed budget, please reach out to me at 414-847-2701 or via email at rewald@shorewoodwi.gov.

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