Village Board Explores Financial Management and Budgeting Strategies for 2025

The Village Board of Jackson, WI, convened on August 12, 2025, to discuss significant financial matters impacting the community, including updates on Tax Increment Districts (TIDs), budget proposals, and funding for essential services.

A key highlight from the meeting was the discussion surrounding the closure of TID 4, which is expected to generate approximately $100,000 in disbursements for local jurisdictions in 2025. This closure marks a transition for the village as it prepares to allocate funds back to entities such as the school district and the village itself. The board emphasized the importance of final audits to ensure accurate disbursement of funds.

The board also reviewed the financial implications of the proposed budget, which includes a $100,000 increase in the debt service levy. This increase is part of a broader strategy to maintain stability in the village's financial obligations. The board noted that historical projections have shown consistent stability in the debt service levy, which is crucial for managing the village's long-term financial health.

In addition, the meeting addressed the funding for the Hasmer Lake Park project, with a proposed allocation of $100,000 for engineering costs. This investment is aimed at applying for a DNR grant that could significantly reduce construction costs in 2027. The board recognized the necessity of committing to the project before the grant application outcome is known, highlighting the proactive approach needed to secure funding for community enhancements.

The fire and rescue budget was another focal point, with Chief reporting a substantial increase in funding from the FAP (Funding Assistance Program) for EMS, amounting to over $60,000. This funding will be reserved for future equipment purchases, specifically heart monitors for ambulances, which are critical for maintaining emergency response capabilities.

The board concluded the meeting by reiterating the importance of the proposed budget and its implications for local services. They acknowledged that while the budget draft is not final, it reflects the necessary funding to sustain essential services for the community. Future discussions will continue to refine the budget and explore additional revenue opportunities to minimize the tax impact on residents.

As the village moves forward, the decisions made during this meeting will play a crucial role in shaping Jackson's financial landscape and ensuring the continued provision of vital services to its residents.