Beaver Dam Holding Public Hearing On 2023 Budget Monday

(Beaver Dam) The city of Beaver Dam is holding its public hearing on the proposed 2023 budget Monday evening in advance of their vote on the document. The $19.6-million-dollar budget includes a tax levy of $13.3-million dollars with $6.3-million of intergovernmental revenues. The levy increase totals $922-thousand dollars. The mill rate is projected at $9.44 per thousand dollars of assessed value, compared to the $9.65 mill rate adopted last November.

The council began budget talks with around a million dollars in red ink. The budget is being balanced by removing the costs of garbage and recycling collection from the levy and adding it to the quarterly utility bill. The common council meets at 7:30pm tonight in the Municipal Building. Beaver Dam Mayor Becky Glewen our guest on today’s Community Comment. 

Meanwhile, the Beaver Dam Common Council approved their 2023 borrowing plan last month but apparently inflation is resulting in a six-figure amendment that will be considered at Monday meeting. Elected officials unanimously approved the $4.6-million-dollar Capital Improvements Plan, which includes $4.1-million in borrowing.

As part of the CIP, a half-million dollars is being set aside starting next year for a new $2-million dollar aerial ladder truck for the fire department. In 2024, the city is expected to borrow the remaining $1.5-million dollars. Tonight’s amendment would add an additional $100-thousand dollars to the CIP.