Marshfield Common Council Continues Budget Discussions

Monday, October 21st, 2024 -- 11:01 AM

The Marshfield Common Council continues their budget discussions.

At their recent budget meeting, the presentation contained a dashboard displaying major financial metrics, outlining six critical categories: debt management, general fund status, credit rating, active Tax Increment Financing (TIF) districts, property values, and the tax rate.

The city's equalized value reached approximately $2.2 billion, showcasing growth and financial stability. General fund revenues and expenses are about 24.8 million, a slight decrease in revenue and expenses from last year.

Moving forward, the organization plans to create a five-year strategic plan to prioritize mission-critical services while balancing a limited budget. Property tax rate $7.86 per $1,000.

Request more information about possible service cuts, such as Sunday library hours and the inability to refill vacant positions within City departments. The importance of transparency in identifying which services are being cut was highlighted, as public awareness is crucial when taxpayer dollars are allocated.

Several members of the Council requested concise summaries from department heads regarding the implications of vacant positions on local services. These details will help paint a clearer picture for residents about how budget cuts could affect community needs and service quality.

Recommended 2025 budget here. The following 2025 budget meeting takes place Monday, October 21, 2024, at 5 p.m. in the Council Chambers at City Hall.

Feel free to contact us with questions and/or comments.