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Tonight the Madison Common Council approved the 2022 Capital and Operating Budgets after three evenings of deliberations. The Council adopted a $354,244,062 Capital Budget and a $360,321,028 Operating Budget.
“This was another difficult budget season given revenue losses caused by COVID-19 and a structural budget deficit all local governments in Wisconsin face due to severe limitations on our ability to raise revenue imposed by the State Legislature,” said Mayor Rhodes-Conway, “I want to extend my sincere gratitude to the Biden administration and Congress for passing the American Rescue Plan Act (ARPA). With the support of ARPA funding, we were able to adopt a fiscally responsible balanced budget that meets the needs of our community and keeps tax increases low.”
The Mayor is pleased that Council has continued to show strong support for City priorities, including:
“Taxpayers will be pleased to know that we accomplished all this while holding the property tax increase to the lowest level in many years. The 15-year average levy increase for City government has been 4.1 percent. This year, it will be 1.2 percent, the lowest in twenty years.” said the Mayor.