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Oconomowoc finance director previews balanced 2026 budget; typical homeowner faces roughly $24 annual increase
Summary
Finance Director presented a preliminary 2026 budget that staff said is balanced under state levy limits; large net new construction and modest shared‑revenue growth offset most operating increases. The average home will see an estimated $24 increase in city property tax under the draft.
Oconomowoc's finance director presented the preliminary 2026 operating budget to the Common Council on Sept. 16, showing a balanced proposal that staff said meets state levy‑limit rules and maintains core city services.
Steve, the city's finance director, said the draft shows a modest net tax impact for the typical homeowner and that the budget is balanced using projected net-new construction value and modest increases in shared state revenue. He told aldermen the city's 2026 budget would rely in part on a sizable growth in the tax base driven by new construction: staff reported roughly $133 million of net new construction in the most recent valuation period, producing a calculated permissible levy increase of…
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