(Beaver Dam) The Beaver Dam Common Council will begin budget deliberations on Monday. The proposed $18.3-million-dollar document is just over one-million-dollars higher than the current budget, an increase of 5.8-percent. The 2022 budget anticipates a tax levy of $ $12.4-million dollars, up around $1.1-million dollars from the $11.3-million dollars levied in the 2021 budget.
That includes a two-percent increase in wages; a 7.5-percent increase in health insurance premiums; higher waste collection costs and the addition of personnel. One position would be a school resource officer/compliance officer, which would be partially funded by the school district. The understaffed parks department also has funding allotted for either full-time, part-time or contracted personnel.
The mill rate adopted last year was $9.46 per one thousand dollars of assessed value. While still early in the process, the preliminary calculation for next year is $9.26 per thousand, a decrease of 20-cents. However, if the council decides against adding new positions, the mill rate would be $9.17.
The budget does comply with state levy limits, which calculates increases based on new construction and tax increment finance district closures. Beaver Dam is looking at a six-percent increase in equalized property values and will see the addition of another $72-million in equalized value with the closure of TIF District #4.
The city will also qualify for the state’s Expenditure Restraint Program, allowing for an increase in the general fund levy next year by 3.4-percent, payable in 2023. This year, the city was able to receive nearly $362-thousand extra. There will be no pay out next year though because of the addition of six firefighters following a successful referendum last November.
A complete copy of Beaver Dam’s proposed 2022 budget can be found here: