Lake Geneva WI’s 2009 Budget Approved, tourism revenues keep it within levy limit

Lake Geneva WI’s city council unanimously approved the $7.54 million city budget for next year this past Monday night.  Included in the new budget is a 5.46 percent increase in expenses, which is predicted to cause an estimated $5.53 tax rate per $1,000 of assessed value; this amount is about 25 cents more than this year.  However, the actual tax rate has not been given as officials are still waiting for more valuation information which will be given from the Department of Revenue.

Also, the city will be able to stay within its levy limit without major cuts due to the constantly increasing revenues from pier rentals, Riviera rental, buoy rentals, beach use, and room taxes; these revenues bring in from $1.8 to 2.2 million.

For more information on Lake Geneva WI real estate, contact your local agent Bob Webster via email or by phone at (262) 348-3233 or 800-364-7579.