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2019 budget presentation

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2019 Fall River budget

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2019 budget presentation

  1. 1. Village of Fall River 2019 BUDGET PRESENTATION
  2. 2. 2019 Budget Highlights Total budget $1,216,075 Local property tax levy $741,142 Net new construction $3,532,500 (2.575%) Village mill rate .0055971743 Equalized value $145,090,700 Assessed value $132,413,600 Assessment ratio 91.26%
  3. 3. 729,893 87,051 86,235 95,300 62,619 22,850 20,825 66,065 2,043 11,000 1,183,881 741,142 94,311 84,241 94,100 71,954 22,900 21,775 66,412 6,491 12,750 1,216,076 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Revenue 2018 2019
  4. 4. 359,881 272,279 83,345 127,102 74,876 76,550 36,896 39,800 38,500 65,977 8,675 1,183,881 400,346 216,142 133,616 129,325 75,012 76,800 36,896 32,400 22,000 83,837 9,700 1,216,074 0 200,000 400,000 600,000 800,000 1,000,000 1,200,000 1,400,000 Expenses 2018 2019
  5. 5. 2019 Projects Project Cost Funding Village Hall roof $65,000 2018 & 2019 budget Dam repairs $50,000 Grant, Reserve Fund, Split w/ Fountain Prairie SCBA for Fire Department $40,000 2019 budget Portable generator $35,000 2019 Water & Sewer budgets Squad $30,000 Reserve Fund
  6. 6. $0 $200,000 $400,000 $600,000 $800,000 $1,000,000 $1,200,000 $1,400,000 $1,600,000 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 – 2018 Levy History School Village County MATC State
  7. 7. 0 5 10 15 20 25 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2009 – 2018 Mill Rate History Total School Village County MATC State School tax credit
  8. 8. School 39% Village 28% County 28% Vo-Tech 5% State 0% Property Tax Distribution
  9. 9. $3,331 $3,666 $3,529 $3,647 $3,388 $3,309 $3,250 $3,415 $3,500 $3,356 $3,000 $3,100 $3,200 $3,300 $3,400 $3,500 $3,600 $3,700 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Property tax – $170,000 home
  10. 10. School, $1,291 Village, $952 County, $944 Vo-Tech, $169 Property Tax Distribution $170,000 home $3356 total tax Includes School Tax Credit Does not include First Dollar or Lottery Credits

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