THE CITY REBORN FROM THE ASHES OF AMERICA'S MOST DISASTROUS FOREST FIRE
County To Air Budget Proposals Sept. 29
Starting at 9 a.m. Thursday, Sept. 29, Marinette County Board's Finance Committee will hold a special meeting on the proposed county budget for 2017. In addition to the regular annual budget discussions, Bonding Consultant Jeff Belongia, of the county's financial consulting firm Hutchinson, Shockley, Erley & Co. will provide information including Shackley and Poor's long term rating of the county for general obligation notes.
The meeting will include presentations and discussion on the budget for 2017 as proposed by Administrator Shawn Henessee. County Board will look at the budget in November and adopt it with or without revisions in November.
The proposed budget calls for debt service and operating levy equaling $4.56 per $1,000 of equalized value, down slightly from last year's $4.615 total.
At least partly because borrowing for 2017 is to be less than originally proposed, the recommended budget for Public Ways and Facilities, which includes the Highway Department Road Construction budget, is down from last year's $16,255,761 to $13,612,035.
In each budget category the amount slated to be placed on the property tax levy remains very close to what it was last year.
Total debt service expenditures of $3,957,725 are to be offset by using $3,250,000 of sales tax proceeds, leaving $853,246 to be placed on the property tax levy. This comes to .238 per $1,000 of assessed value, up from last year's 20 cents per $1,000.
Reducing the county's dependence on borrowing to pay for road construction and other capital improvement costs has been a major issue of discussions on the County board floor for much of this year. Henessee and a majority of supervisors have agreed that borrowing cannot continue at the levels it of the last three or four years.
In addition to hearing the budget proposals by department, debt report, budget summary, and a report on how special funds have been applied, the committee will consider authorizing payment of per diems and expenses for Executive Committee members who attend what could be a day-long meeting.