Horicon Officials Review 2021 Preliminary Budget

(Horicon) City officials in Horicon recently reviewed their preliminary 2021 budget. Proposed total expenditures for next year total just under $4-million-dollars with a tax levy of $2-million. City Clerk Kristen Jacobson says she has not been able to calculate preliminary mill rate figures because Horicon has not received their assessed values yet from the state. She says the city will likely be adopting a deficit budget and adds that doing so would still be fiscally responsible because of a generous fund balance. During the most recent budget workshop the deficit was just under $16-thousand-dollars with the goal of trimming off around $9-thousand in order to comply with the state’s Expenditure Restraint Program, which financially rewards municipalities that keep their spending in check. Final budget adoption is slated for November 24th.