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The original item was published from 3/7/2019 6:06:15 PM to 1/1/2021 12:00:12 AM.

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Impacts of Levy Limits

Posted on: March 7, 2019

[ARCHIVED] Village of Hortonville

Hortonville

How does the levy limit impact your community's services?    Level of service has remained consistent but we are cutting in other areas.

How does the levy limit impact your community's budgeting practices and finances, eg, your amount of borrowing?     The 2019 budget utilized 20k of fund balance which is down from 70k in 2018. We have not had to borrow for operations, but have put projects and purchases aside for the year. 2019 CIP is $6900.00. Very weak. We have called debt and saved money on interest expense to help with operations.

How does the levy limit impact your community's staffing levels and employee compensation?    No affect. 

Anything else you'd like to say regarding the impact of levy limits on your community?     We are seeing growth in the region. We have been fortunate the traffic has come into the village. What happens when this ceases or we have another recession? 

March, 2019 

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