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COMMON COUNCIL Minutes - 10/24/2016 Approved CITY OF MUSKEGO COMMON COUNCIL MINUTES October 24, 2016 6:00 PM Muskego City Hall, W182 S8200 Racine Avenue CALL TO ORDER Mayor Chiaverotti called the meeting to order at 6:00 p.m. PLEDGE OF ALLEGIANCE Those present recited the Pledge of Allegiance. ROLL CALL Present: Aldermen Wolfe, Hammel, Borgman, Kapusta, Engelhardt, Kubacki and Madden. Also present: Finance and Administration Director Mueller and Accountant Mustapich. STATEMENT OF PUBLIC NOTICE Director Mueller stated that the meeting was noticed in accordance with the open meeting law. PUBLIC HEARING To hear any citizen on the proposed 2017 City Budget. Mayor Chiaverotti declared the hearing open and turned the presentation over to Director Mueller. Ms. Mueller reviewed the proposed 2017 budget with the use of a Power Point presentation. She noted that there was a minimal change to the tax levy (0.812% increase). The City portion of the tax bill will decrease by approximately $0.02 per $1,000 or 0.40%. This is noteworthy because it reflects the third consecutive year that the City tax rate was reduced. Ms. Mustapich reviewed the Debt Service Fund. For the current year, the City's total outstanding principal balance is $32 million, of which $11.5 million (36%) is tax increment debt that is outstanding. Available debt capacity is $106 million. She also reviewed the Special Revenue Fund Expenditures. Finally, the 2017 Capital Budget Projects are proposed at $7.7 million. In summary, Ms. Mustapich stated the 2017 General Operations and Debt Service Budgets reflect a City tax rate of $4.87 per $1,000 of assessed value. It was noted that the proposed budgets would be considered for adoption at the October 25, 2016 Common Council meeting. (Presentation is available in the Finance and Administration Department.) No one came forward to speak. The Mayor declared the hearing closed. Common Council Minutes 2 October 24, 2016 ADJOURNMENT Alderman Borgman made a motion to adjourn at 6:08 p.m. Alderman Kubacki seconded; motion carried. Minutes transcribed by Jill Blenski, Deputy Clerk.