RESOLUTION OF TOWN BOARD PROPOSING EXCEEDING LEVY LIMIT

VIA SPECIAL TOWN ELECTOR MEETING

Whereas, the State of Wisconsin has imposed levy limits on town, village, city and county levies for 2023 and thereafter under s. 66.0602 of Wis. Statutes;

Whereas, s. 66.0602 of Wis. Statutes limits the allowable local levy for 2023 to a percentage increase of no more than the greater of (a) 0% of the 2022 payable 2023 adjusted actual levy as calculated under the state’s levy limit law* or (b) a percentage equal to the percent change in equalized value due to net new construction less improvements removed, which for the Town of St. Croix Falls is 1.747 percent;

Whereas, the Town Board of the Town of St. Croix Falls, Polk County believes that for the 2023 tax levy (to be collected in 2024) it is in the town’s best interest to exceed the state levy limit as described above by a greater percentage than 1.747 percent.

Whereas, the Town of St. Croix Falls 2022 payable 2023 adjusted actual levy was $511,167; and further whereas the state law would limit this year’s increase to $8,931 for a total allowable town tax levy after adjustments for 2023 (to be collected in 2024) of $586,855.

Therefore the Town Board of the Town of St. Croix Falls, Polk County does hereby resolve and order as follows:

1. The town board supports an increase in the town tax levy for 2023 that will exceed the amount allowed by the state levy limit.
2. The town board directs that the question of increasing the allowable town tax levy for 2023 (to be collected in 2024) by 40.896 percent, which would increase the town levy by $240,000 for a total tax levy (after adjustments) of $826,855, shall be placed on the agenda for the special town meeting to be held on November 15, 2023.

Adopted this 18^th day of October, 2023.