Resolution of Town Board to Propose Exceeding Levy Limits
(Only for Towns under 3,000 in population)
Whereas, the State of Wisconsin has adopted levy limits on town, village, city and county levies for 2018 and thereafter under s. 66.0602 of Wis. Statutes;
Whereas, s. 66.0602 of Wis. Statutes limits the allowable local levy for 2018 to a percentage increase of no more than the greater of (a) 0% of the 2017 payable 2018 adjusted actual levy as calculated under the state’s levy limit law** or (b) a percentage equal to the percent change in equalized value due to net new construction; which for the Town of Hammond is 3.144 percent;
Whereas, the Town Board of the Town of Hammond, St. Croix County believes that for the 2018 tax levy (collected in 2019) it is in the town’s best interest to exceed the state levy limit as described above by a greater percentage than 3.144%.
Whereas, the Town of Hammond’s 2017 payable, 2018 adjusted actual levy is $371,032, and further whereas the state law would limit the increase to $11,665 for an allowable town tax levy of $381,767 before adjustments, for 2018, collected in 2019.
Now Therefore the Town Board of the Town of Hammond, St. Croix County does hereby resolve and order as follows:
1. The town board supports an increase in the town tax levy for 2018 that will exceed the state levy limit.
2. The town board directs that the question of increasing the town tax levy for 2018 (to be collected in 2019) by 78.58 percent, which would increase the town levy by $300,000 for a total town tax levy of $681,767 shall be placed on the agenda for the special town meeting to be held on September 10, 2018.
Adopted this 13th day of August 2018