all seasons for a 2 0 1 9 B u d g e t wn f town a to R O M E … a w w w. ro me w i . co m November 26, 2018 Presented by Jami Gebert, Town Administrator
Leadership Town Board Staff all seasons Chairper erson Zoning Administrator Dr. Wayne Johnson Greg Broniec Supe pervis isor Chief of Police Jerry Wiessinger Jason Lauby for a Supe pervis isor Clerk/Treasurer John Haugen Amy Reuteman wn f town Supe pervis isor Public Works Superintendent Bob Baurhyte Jon Sonnenberg a to Supe pervis isor Fire Chief R O M E … a Bob Radder George Taub Administrator Jami Gebert Town Attorney (contracted) Nick Flanagan Assessor (contracted) Associated Appraisal Building Inspector (contracted) Dan Hansen
R O M E … a a to town wn f for a all seasons
all seasons 2019 Budget in Brief N u m b e r s O v e r v i e w for a T o u r i s m T I D wn f town P r o p o s e d T a x R a t e a to R e v e n u e s & E x p e n d i t u r e s R O M E … a T h e m e s & F o c u s A r e a s Q u e s t i o n s
Numbers Overview – Defining the #’s all seasons • ASSESSED ED V VALUE UE – established by the local assessor, is the estimated value of real, manufacturing, and certain personal property. • EQUAL ALIZE ZED VALUE UE – established by the Wisconsin Department of Revenue, is the full market value of the classes of property within a taxation district (town, village, city). for a • NET NEW G GROWT OWTH – changes to equalized value due to the construction of new buildings and improvements to land wn f minus change to equalized value due to the demolishing or destruction of buildings and removal of land improvements. town • LEVY VY – the amount of property tax dollars to be raised by a taxing jurisdiction for its use. It is usually calculated as the a to remainder after subtracting all other expected revenues from the total expenditures proposed in the jurisdiction’s adopted R O M E … a budget. • MIL R RAT ATE – the amount of taxes levied for each $1,000 (mil) of assessed property valuation. • TAX IN INCREMENT D DIS ISTRICT ( (TID) – is a public financing method that is used for redevelopment, infrastructure, and other community-improvement projects. Municipalities divert future property tax revenue increases from a defined area or district toward an economic development project or public improvement project in the community. • ROOM T TAX X - is a tax authorized by a municipality on the renting of sleeping rooms at hotels, motels, resorts, inns, bed & breakfasts and other lodging facilities in the local area. The tax rate can be set from 0 – 8%, with limited exceptions.
all seasons Numbers Overview • Town’s electors approve the levy amount to be spent by the town. for a → The levy amount proposed sed for 2019 is $3,127,480 and the total budget is $5,495,529. wn f town → The updated levy amount for 2019 is $3,135, 135,378 378 and the total budget is $5,503, 03,427 427. a to R O M E … a Year Levy Total Budget 2019 $3,135,378 $5,503,427 Updated 2018 $3,120,299 $5,200,350 2017 $3,011,514 $5,503,962
Numbers Overview all seasons • 2018 ASSESSED VALUE $652,636,700 → 2017 $638,591,500 → 2016 $615,460,300 for a • 2018 EQUALIZED VALUE $680,582,400 wn f town → 2017 $631,750,900 a to → 2016 $601,439,800 R O M E … a • 2018 NET NEW GROWTH 2.68% → 2017 3.77% → 2016 0.70%
Tourism TID all seasons • 2018 Current Value $32,513,100 → 2017 $19,112,900 → 2016 $1,778,100 for a → 2015 TID Base Value $1,249,400 wn f town • Equalized TID Value Increment is removed from the Town’s Equalized Valuation a to → Equalized TID Value = Current Year TID Value - R O M E … a TID Base Value → $32,513,100 - $1,249,400 = $31,263,700 → Tax Increment from the TIF is estimated at $732,807 • TID Current Value is ahead of 2015 projection and is scheduled to terminate in 2031.
all seasons Proposed Tax Rate Summary Tri ri-La Lake kes Town • The proposed Town of Rome Levy was $3,127, 127,480. 480. • The updated Town of Rome Levy is $3,135, 35,378 378 and is for a levied at a 2018 rate of $5.0354 354 per $1,000 of assessed wn f value. town School D District → The median home value in the Town of Rome is $181,300 according to the U.S. Census Bureau, 2012-2016 American a to Community Survey 5-Year Estimates. R O M E … a → Example: $181, 1,300 300 x $5.0354 / 0354 / $ $1,000 00 = $ $912. 2.92 92 State & & Count unty • For comparison in 2017, the tax rate was $5.0355, Techinical representing little change in the Town’s portion of the College five-part tax bill. Due to the varied assessment ratios of equalized values determined by the Five ve-part t tax x bil ill State Department of Revenue and property value changes (inflation/deflations), the tax bill on a specific property will vary.
Inte tergov't, C Charges fo for Public lic C Char arges f for or S Servic ices Fines, Forfeitu tures a and Service ces $72, 2,230 230 Penalti ties $24, 4,170 170 $36, 6,000 000 Miscellaneous R Revenues Propose sed $52, 2,223 223 License ses s and P Permits s all seasons $114, 14,435 435 2019 R Rev evenu nues es Prior ior Year ar R Revenues Inte tergovernmental R Revenues $1,040, 040,22 221 1 $533, 33,770 770 Other er T Taxes es for a $495, 95,000 000 wn f town a to R O M E … a Tax L Ta Levy $3,127, 127,480 480 $5,495, 495,529 T 529 Total Budg udget
Inte tergov't, C Charges fo for Fines, Forfeitu tures a and Public lic C Char arges f for or S Servic ices Service ces Penalti ties $72, 2,230 230 $24, 4,170 170 $36, 6,000 000 UPD PDATED Miscellaneous R Revenues License ses s and P Permits s $52, 2,223 223 all seasons $114, 14,435 435 2019 R Rev evenu nues es Prior ior Year ar R Revenues Intergo governmenta tal R Revenues $1,040, 040,22 221 1 $533, 33,770 770 for a Other er T Taxes es $495, 95,000 000 wn f town a to R O M E … a Ta Tax L Levy $3,135, 135,37 378 8 $5,503, 503,427 T 427 Total Budg udget
Propose sed all seasons Debt S t Service 2019 Ex Expenditures General G Gover ernmen ent $653, 53,196 196 $879, 79,843 843 Capit ital al O Outla lays $627, 27,670 670 for a Conservati tion a and Public lic S Saf afety Devel elopmen ent $1,209, 209,45 452 2 wn f $439, 39,470 470 town a to R O M E … a Public lic W Wor orks $1,293, 293,89 891 1 Cultu ture, Recreati tion a and Education Ed $387, 87,697 697 $5,495, 495,529 T 529 Total Budg udget Health th a and Human S Services $4,310 310
UPD PDATED all seasons Debt S t Service 2019 Ex Expenditures General G Gover ernmen ent $653, 53,196 196 $887, 87,741 741 Capit ital al O Outla lays $627, 27,670 670 for a Conservati tion a and Public lic S Saf afety Devel elopmen ent $1,209, 209,45 452 2 wn f $439, 39,470 470 town a to R O M E … a Public lic W Wor orks $1,293, 293,89 891 1 Cultu ture, Recreati tion a and Ed Education $387, 87,697 697 $5,503, 503,427 T 427 Total Budg udget Health th a and Human S Services $4,310 310
Revenue T Trends all seasons $3,500,000 $3,000,000 $2,500,000 $2,000,000 for a $1,500,000 wn f town $1,000,000 a to $500,000 R O M E … a 2016 BUDGET $- 2017 BUDGET 2018 BUDGET 2019 PROPOSED BUDGET
Expenditure T Ex Trends all seasons $1,800,000 $1,600,000 $1,400,000 $1,200,000 for a $1,000,000 wn f $800,000 town $600,000 a to $400,000 R O M E … a $200,000 2016 BUDGET $- 2017 BUDGET 2018 BUDGET 2019 PROPOSED BUDGET
Water U Utility all seasons ROME WATER U UTILITY ROME WATER U UTILITY 2019 19 B BUDG DGET EXPEN ENSE/ E/CASH OUT UTFLOW B BY 2019 19 B BUDG DGET REVEN ENUE/I UE/INFLOWS B BY TYPE CATEGOR GORY $16,500 , 2% $31,000 , 3% $150,542 , 15% Residential Sales & Water District $228,431 , 22% Public Fire Protection for a Payroll & Benefits $43,100 , 4% Commercial /Public Auth Sales Principal & Interest wn f $277,868 , 27% Public Fire Protection- Non- town Residential Capital /Utility Plant a to Public Fire Protection-Residential $135,000 , 13% Payment in lieu of Taxes R O M E … a $687,262 , 67% Late Fees/Interest Income Prof fees & Business Insurance $395,742 , 39% $35,673 , 3% Non-Operating & Other Inflows $27,386 , 3% Other $24,000 , 2% $1,026, 026,252 252 Total B Budget
R O M E … a a to town wn f for a all seasons Themes & s & F Focus A s Areas as
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