Town Of Middleton Levy Approved

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MTT News Desk's picture
By: 
Kevin Murphy

Town of Middleton residents last week unanimously approved a 2014 property tax levy that is slightly larger than this year’s and a road budget that is a little less than the current year’s.

Approximately 15 residents attended the budget hearing and approved a $2.834 million property tax levy, up from the $2.775 million levy they approved in November 2012. They also approved a $1.071 million road budget, which is down from the $1.084 million approved a year ago.

The property tax levy is imposed this year and due by Jan. 31. Many property owners pay by the end of the current year to obtain a deduction on their itemized income tax returns.

Unlike residents of a city or village, town residents, and not their board of supervisors, are empowered to set the total amount the town can tax property and spend on road maintenance and improvements.

State law limits increases in the property tax levy to the net value of new construction and improvements in the town.

The town’s portion of the property tax bill is combined with the Middleton-Cross Plains Area School District, Madison Area Technical College and Dane County on the bills the county will mail next month.

Town residents also approved a 2014 town budget in which revenues increased by 6.3 percent and spending reduced by 5.13 percent compared to the 2013 budget.

Next year’s total revenues are budgeted at $2.962 million, compared to this year’s revenues which are on pace to top $2.923 million and up from the $2.786 million projected in the 2013 budget.

The projected revenue increase is based on more construction activity, which is expected to boost income from charges for services, and more state aid.

Meanwhile, total expenditures are projected to decrease from $2.985 million budgeted in 2013 to $2.832 million in 2014. This year’s actual expenditures are expected to only reach $2.673 million.

Spending decreases are budgeted in general government and public works categories.

Town Administration David Shaw said the general government’s budget was decreased by the $37,000 cut from the town assessor’s contract. Last year’s contract was increased to cover the expense of the first town-wide property re-evaluation in 20 years. That work has been completed.

 

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