Property tax bills will be arriving in the next two weeks. It's something to look forward to -- and a gift from our taxing authorities.
Remember, municipalities, county government, school board and vocational schools all share a bit of the pie. Because property assessments are generally increasing, it's an even larger bite. The full impact is softened by the state tax credit. Broadly speaking, each taxing entity raised their budgets about 3% or more. The Town of Brookfield decided not to its increase their tax rate (not budget).
At budget time in the real world, some businesses mandate budget cuts in specific areas or departments to mitigate the impact. Others use zero-based budgeting. Funding must be justified.
Reportedly there are funds within the city's and school system's budget that are unallocated. "Slush" might be an advantageous word given recent weather. The city and school system are reluctant to use those funds because that will lessen their ability to get more money next year. In the meantime, taxpayers are paying more than is needed.
Remember that as you reach into your wallets.
Happy holidays.
