Plover Board Approves Tax Increase for 2015
By Jacob Mathias
The Plover Village Board has approved the 2015 budget, which calls for a 1.9 percent increase in expenditures from the previous year.
Plover approved a balanced budget with expenditures and revenues both at $8,057,400. The budget also increased the tax rate the village by 7 cents from $6.38 to $6.45 per $1000 of assessed property values. The increase in expenses is directly related to fixed cost such as utilities, wages and fringes and insurance.
With current revenues, there is a projected increase in the general fund balance of $204,143, bringing the total general fund to $2.5 million.
“That fund balance is what we use for our cash flow throughout the year,” said Debbie Sniadajewski, village treasurer. “Our major state aids that we get come in the latter part of the year, so we have to have funds available to meet our obligations through the year.”
“The Village of Plover does not have specific projects or plans with respect to those dollars,” said Village Administrator Dan Mahoney.
According to Sniadajewski, it is recommended that the fund balance for the village be about 15 percent of its annual expenses. It is currently at 30 percent of expenses.
The budget also shows an increase in the assessed value of the village, from about $910 million to $921 million. The increase takes into account the loss of property value due to the impending construction on Post Road.
“Even with the loss of some value that we’ve seen along Business 51, we still had some nice growth in the Village of Plover,” said Mahoney.
Plover is also losing about $40,000 in transportation aid provided by the state of Wisconsin as some previous road projects age beyond the six year limit for state aid.
“In those years when we had big construction, our transportation aids were jumping up every year,” said Sniadajewski. “We’re basically settling back down to where we were.”