City Budget Update Highlights and Changes
Explore the key updates from the 2025 budget presented at the common council meeting, including property tax levy reductions, general fund allocation changes, and adjustments in various allocations and expenditures. Learn about the impact on the mill rate, state transportation aid, and specific fund reallocations. Discover details on reductions in services like EMS, increases in taxi funding, and adjustments in insurance and forestry budgets. Stay informed about community fund reallocations and capital improvement changes that affect the city's financial outlook.
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Presentation Transcript
2025 Budget Update 10/8/2024 Common Council Meeting
Budget Updates Property Tax Levy: The property tax levy decreased from $4,158,664 to $4,052,277, a reduction of $106,387. (Page 1) General Fund Allocation: General fund allocation decreased from $2,630,564 to $2,522,220, a reduction of $108,344. (Pages 1 and 2) Library Allocation: The allocation for the Ripon Public Library increased slightly from $448,043 to $450,000, an increase of $1,957. (Pages 1 and 44) General Fund Revenues: General fund revenues decreased from $6,483,082 to $6,462,529. (Page 1) General Fund Expenditures: General fund expenditures decreased the same as revenues to balance the budget. (Page 1) State General Transportation Aid: This allocation increased by approximately $105,000, bringing the total to $787,380. This is a result of significant increases in transportation related expenditures by the city on a 3- and 6-year average. (Page 2) Expenditure Restraint Limit: The city s Expenditure Restraint limit is set at 4%. The proposed 2025 budget reflects a 2.98% increase, which is below this limit. Mill Rate and Assessed Values: With these changes, the anticipated mill rate will increase from $8.97 to $9.14, a $0.17 increase. This increase is based on an estimated 2% increase in assessed property values.
GF Changes EMS Transfer: There is a reduction of $5,000 in the transfer to EMS services. (Page 13) Taxi Service Transfer: An increase in the transfer to the city s taxi services to $30,000.(Page 123 Insurance Adjustments: Updated figures for property, liability, and worker's compensation insurance across all funds. Forestry Reductions: A reduction in the budget for forestry removals to $90,000. (Page 24) Equipment Removal: The removal of a 5-gallon shaker from the equipment list ($5,000). (Page 27) Super Fund Expense: The elimination of super fund expenses ($10,000). (Page 30)
Additional Budget Changes Community Promotions Fund: The Community Development Authority (CDA) allocation was reduced by $5,000, and that amount was reallocated to the Little White Schoolhouse (LWSH). (Page 41-42) Capital Improvement Fund: A planned allocation of $50,000 for a City Hall boiler was eliminated. (Page 49-50) TID Budgets: Minimal changes have been made to the Tax Increment District (TID) budgets. Sharing (11), Water Tower (14)
Taxi fund Tax Allocation: The 2025 general fund budget allocates $30,000 to the Taxi Fund. This is the Budget Impact/Decision. Additional Cuts and Service Reductions: Additional cuts and potential service reductions for the Taxi Fund will be brought forward for discussion. Area of Concern: Despite the $30,000 allocation, the current budget deficit for the taxi service will not be resolved, and projected deficits remain a concern for future budgets.
Wheel Tax Considerations A wheel tax would be established via City Ordinance. DMV Notification: The Wisconsin Department of Motor Vehicles (DMV) must be notified at least 90 days prior to implementation of a wheel tax and charges a $0.03 per vehicle collection fee. Vehicle Count: As of July 8, 2024, there are 7,750 wheel tax-eligible vehicles in the City of Ripon. Revenue Projections: -A $20 wheel tax would generate approximately $154,767.50 annually. -A $25 wheel tax would generate approximately $193,517.50 annually. CIP Planning: Staff have been gathering information to create a 10-year Capital Improvement Plan(CIP) based on projected wheel tax revenues. Rotating within community. Staff will need guidance if this is a program the council would like to pursue.
PASER Ratings
Current Pace Year Road Miles Miles Miles Total Miles 2026 Houston St. 0.27 0.27 2025 Hamburg, Hennie 0.31 0.11 0.42 2024 St. Wenceslaus Street 0.21 0.21 2023 State Street 0.28 0.28 2022 W Thorne, Woodside, Watertown 0.34 0.32 0.11 0.77 2021 Vermont St. / Parkway Terrace 0.3 0.22 0.52 Average 0.41 Total Miles 42.06 Years to Replace 102.17 PASER Rating 1 to 2 Percent 2.75% Miles 1.16 Repair Miles 23.89 Percent Repair 56.79% Years to Repair (.41) 58.02 3 to 4 5 to 6 7 to 8 9 to 10 17.24% 36.80% 28.53% 14.68% 7.25 15.48 12.00 6.17
Discussion and next steps Fee Schedule Review Finalize Budget with Assessed Value to Determine Final Mill Rate
