Fiscal Note
The 2026 tax levy established by this resolution is necessary to fund the 2027 budget. This levy will result in a tax rate of approximately [________] mills.
This resolution includes a paragraph authorizing the carryover of 1.5 percent or less, but more than 0.5 percent, of the actual levy in 2025. That paragraph must be separated during budget adoption and requires an affirmative three-fourths vote of the Council, pursuant to s. 66.0602 (3)(f), Wisconsin Statutes. The carryover amount, subject to certification by the Wisconsin Department of Revenue, is $4,898,934. One and one half percent of the 2025 actual levy is $4,900,006.
This resolution includes a paragraph authorizing the application of general debt reserves to pay general fund debt service without an appropriation of an equal amount from the general fund for capital projects. That paragraph must be separated during budget adoption and requires an affirmative two-thirds vote of the Council, pursuant to section 4.17, Madison General Ordinances. The amount of general debt reserves applied is $8.1 million. The amount appropriated from the general fund for capital projects is $3 million. The difference is $5.1 million.
The resolution includes reference to a Five-Year Operating Budget plan that is meant to guide the development of future operating budgets and present the implications of revenue limitations imposed by the State Legislature on local governments.
This resolution also sets the authorized maximum amount of intra- and inter-departmental transfers at $50,000 in 2027, which is the same level as in 2026.
The resolution includes a determination by the Council relating to MGO s 23.63(4) as it pretains to funding the purchase and implementation of body worn cameras for the Madison Police Department.
Title
Adopting the 2027 City Budget authorizing a 2026 general property tax levy of $[________] for City of Madison purposes, adopting a supplemental increase of $4,898,934 in the allo...
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