Lake Geneva city's tax rate to be less than first proposed for 2008 budget

Recent information from the Wisconsin Department of Revenue
indicates that the Lake Geneva city’s tax rate for the 2008 budget will drop to
$5.28 per $1,000 of assessed value; property owners will be happy to hear that
the initially proposed amount of $5.40 was not the final amount decided on in
the budget. Although this is only one of
five taxing districts property owners will see on their bills, it is a small
relief to what it could have been. According
to a recent Lake Geneva Regional News online article, the drop in the proposed tax
rate is due to assessed valuation increasing rather than a decrease in
spending.

You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.