Stevens Point News

Main Menu

  • Covid 19
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
  • Crime
  • Arts & Entertainment
  • Opinion
  • Obits
  • Contact
    • Subscribe
  • Classifieds
    • View Ads
    • Place Ads
  • Legal Ads
    • Our Legals
    • Statewide
  • E-Edition
    • Stevens Point City Times

logo

Stevens Point News

  • Covid 19
  • Sports
    • Sports News
    • High School Sports Scores
    • Wisconsin Rapids Rafters
  • Crime
  • Arts & Entertainment
  • Opinion
  • Obits
  • Contact
    • Subscribe
  • Classifieds
    • View Ads
    • Place Ads
  • Legal Ads
    • Our Legals
    • Statewide
  • E-Edition
    • Stevens Point City Times
News
Home›News›Point looks to create new development

Point looks to create new development

By STEVENS POINT NEWS
August 18, 2017
1145
0
Share:

By Gene Kemmeter


The city of Stevens Point needs to increase new construction each year by $35 million to $36 million to enable a 2-percent hike in its annual budget in order to maintain existing services and infrastructure.

Comptroller-Treasurer Corey Ladick told the Common Council Monday, Aug. 7, about the Fiscal Impacts of Land Use Policy that he developed based on the city’s reliance on property taxes to fund local services and the need to develop a sufficient tax base to support city services and capital replacement.

He talked briefly about the policy at the meeting and expanded upon it for The Gazette Friday, Aug. 11.

The Wisconsin Legislature has imposed levy limits on property taxes throughout the state, Ladick said, and allows the levy to increase on “Net New Construction” only, which is the growth in tax base due to new construction, minus demolitions.

That means there’s no levy increase without new construction, not even an allowance for inflation.

If the new construction increases the cost of providing services, the city has to find ways to finance the increased costs without additional taxes, he said, particularly the costs for road maintenance and construction

To read the rest of the story, pick up a copy of the Portage County Gazette at one of the many newsstands in the area, including gas stations and grocery stores. Or subscribe at https://www.shopmmclocal.com/product/portage-county-gazette/ to have weekly copies delivered by mail.

For more information or to subscribe over the phone, call 715-343-8045.

 

TagsStevens Point constructionStevens Point developmentStevens Point news
Previous Article

SPASH teacher to bring history to life ...

Next Article

Tomorrow River Trail leads to nearby treasures

0
Shares
  • 0
  • +
  • 0
  • 0
  • 0
  • 0

Related articles More from author

  • NewsTop Feature

    City seeks to buy land on east side

    July 28, 2017
    By STEVENS POINT NEWS
  • News

    Plover EMS expansion may be two-paramedic model

    July 28, 2017
    By STEVENS POINT NEWS
  • News

    Private interest in Health Care Center sought

    July 28, 2017
    By STEVENS POINT NEWS
  • NewsTop Feature

    ‘Little Hitters’ a home run

    August 4, 2017
    By STEVENS POINT NEWS
  • News

    County executive’s assistant announces bid for lead post

    August 3, 2017
    By STEVENS POINT NEWS
  • News

    FEMA awards grant for six CPR automatic devices

    August 4, 2017
    By STEVENS POINT NEWS

High School Sports

Go to High School Sports

Free SP Newsletter

  • Sports

  • Commentary

  • Kristin Britz

    Kage retires, Britz joins WIAA staff

    By Kris Leonhardt
    August 13, 2022
  • Roisin Willis

    Former SPASH track star Willis presented with proclamation

    By Kris Leonhardt
    August 11, 2022
  • Rafters logo

    Rafters Weekend Roundup: Rapids splits the weekend with two wins

    By Kris Leonhardt
    August 10, 2022
  • Matt Glodowski

    Stevens Point Gazette Senior Spotlight: Matt Glodowski – Amherst

    By Kris Leonhardt
    August 9, 2022
  • SentryWorld preview

    Making it better than ever

    By Kris Leonhardt
    August 8, 2022
  • Ice fishing contest Reels in $1,500 for Portage County Literacy Council

    By Taylor Hale
    March 17, 2022
  • Kemmeter Column: County celebrates year after quarantine

    By Taylor Hale
    July 12, 2021
  • Isherwood Column: Great engineering projects two

    By Taylor Hale
    July 11, 2021
  • Shoes News Graphic

    Show Column: Odd Jobs

    By Taylor Hale
    July 9, 2021
  • Looking ahead with Larry: July 2

    By Taylor Hale
    July 5, 2021

About Us


The Portage County Gazette is published every Friday by Multi Media Channels. It is locally-owned, locally-operated and locally-written. Subscriptions are $59 annually, delivered via the U.S. Postal Service.


To subscribe, go www.shopmmclocal.com/product/portage-county-gazette or call 715-258-4360

  • 2619 Post Road, Stevens Point, WI 54481
  • (715) 343-8045
  • News editor: [email protected]
Copyright © 2022 Multi Media Channels LLC.
All Rights Reserved. No part of this publication or any of its contents may be reproduced, copied, modified or adapted without the prior written consent of Multi Media Channels LLC.
×