News Flash

Impacts of Levy Limits

Posted on: March 7, 2019

Village of Monticello

Monticello

How does the levy limit impact your community's services?    Had a successful levy increase with passing of referendum - $218,000/year for next five years. (Above budget number includes this increase.) Only way to keep employees and continue to keep street repairs and operations functioning.

How does the levy limit impact your community's budgeting practices and finances, eg, your amount of borrowing?     Will continue to borrow money for big equipment purchases and reconstruction of streets.

How does the levy limit impact your community's staffing levels and employee compensation?    No raises for past two years - referendum helped to change this to help maintain employees.

March, 2019 

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