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  •  

     Town of Texas 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 2014 and thereafter under s. 66.0602 of Wis. Statutes;

                Whereas, s. 66.0602 of Wis. Statutes limits the allowable local levy for 2016 to a percentage increase of no more than the greater of (a) 0% of the 2015 payable 2016 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 Texas  is .773 percent;

                Whereas, the Town Board of the Town of Texas, Marathon County believes that for the 2016   tax levy (collected in 2017)  it is in the town’s best interest to exceed the state levy limit as described above by a greater percentage than .773.

          Whereas, the Town of Texas 2015 payable 2016 adjusted actual  levy  is $325,765; And further whereas the state law would limit the increase to $2,518  for an allowable town tax levy of $328,283 before adjustments, for 2016, collected in 2017.

                Now Therefore the Town Board of the Town of Texas, Marathon County does hereby resolve and order as follows:

                  1.The town board supports an increase in the town tax levy for 2016 that will exceed the state levy limit.

    2. The town board directs that the question of increasing the town tax levy for 2016  (to be collected in 2017) by 30.46152 percent , which would increase the town levy by $100,000  for a total town tax levy of $428,283, shall be placed on the agenda for the special town meeting to be held on December 12, 2016.  

    Adopted this 14th__________ day of November________________, 2016. 

    Signature of Town Chair  Matthew Bootz             

  • Attested by Town Clerk: Lorraine I Beyersdorff

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