(Beaver Dam) The mayor of Beaver Dam discussed the 2019 city budget and next year’s borrowing plan when she was our guest Friday on WBEV’s Community Comment. The common council adopted the city’s $16-million-dollar budget last month with two dissenting votes. Property taxes will contribute $10.5-million dollars, a levy increase of $231-thousand dollars from 2018. The mill rate is down 14-cents to $9.95-per-thousand.
Mayor Becky Glewen says the budget process included good discussions on the council floor. She says the budget itself keeps the city strong in terms of its bond rating while positioning Beaver Dam to be competitive with surrounding communities when it comes to taxes and amenities laying the foundation for a sound financial future.
Highlights includes a two-percent (2%) wage increase for city employees along with a 24-percent decrease in health insurance costs. Three full-time positions are being added. At the same meeting, the council approved their borrowing $2.78-million dollars for road projects and infrastructure improvements, the same amount borrowed last year. Around $2-million dollars is for roads and related improvements while $181-thousand dollars is being directed to downtown revitalization. Street projects include Roosevelt Drive, Haskell Street, Stone Street and the alley north of Front Street.
Glewen lamented the removal of the one-million dollar reconstruction of Spring Street from the final plan. She noted that it is a long stretch of road that’s already in bad shape and the funding proposed was only for a portion of what’s needed. Borrowing for the upcoming year will cost the owner of a $100-thousand-dollar home, on average, $17 per year for the next 12 years, assuming the city experiences no growth in that time.
You can listen to our entire conversation with Glewen here: