Marshfield adopts 2019 budget and levy
By Hub City Times staff
MARSHFIELD – Marshfield’s property owners will see a slight increase in their tax rates for next year. With Alderman Jason Zaleski absent, the Marshfield Common Council voted, 7-2, Nov 28 in favor of a 2019 budget which calls for a tax rate of $9.26 per thousand of equalized valuation. City Finance Director Ron Aumann says that’s just over a half-percent increase from the 2018 budget, and will cost property owners an additional $6.
Spending is going up just $60,000 over the current year’s budget. The overall spending plan for the city next year totals just over $44 million.
Aumann said the tax rate increase is well below what was originally forecast, and it is well within state guidelines.
“It started out actually closer to two percent, then with some adjustments and some cuts, it ended up at 0.65 percent,” Aumann said.
“It’s well below our statutory allowed increases of 3.8 percent and below the last 12-month CPI of about 2.5 percent.”
The city is able to increase its tax rate because the state allows municipalities to capture the value of new construction or higher equalized values through increases in local property tax rates. From roughly 2004 through 2013, Marshfield’s tax rate was essentially held steady. The city has implemented increases of less than 1 percent in each of the past six years.
Just a few of the items funded in that budget are more street repairs and a 2.5 percent pay raise for city of Marshfield employees.