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East Troy adopts 2026 budget and levy after brief public hearing; mill rate falls amid reassessment
Summary
The village adopted the 2026 budget and levy (Ordinance 2025-10) after an abbreviated presentation. Officials said assessed value increases lowered the village mill rate by $1.77 per $1,000; key capital projects include the Highway 20 multi-use trail with major grant funding and carryover TID projects.
The East Troy Village Board adopted the 2026 operating budget and levy (Ordinance 2025-10) on Nov. 17 following an abbreviated presentation by Eileen. The board opened a public hearing on the budget; no members of the public spoke, and the hearing was closed.
Eileen summarized the budget structure and major drivers: the village uses fund accounting across 15 funds, with the general fund receiving most levy support. Revenues in the general fund remain steady and nearly half of those revenues come from taxes. Public-safety expenses (police, ambulance/EMS, fire and building inspection) were listed as the largest growing expense categories. Capital projects highlighted included the Highway 20 multi-use trail (more than $1,000,000 in grant funding), a planned fire ladder truck, and other grant-funded programs. Eileen said more than $1,600,000 in grant funds were budgeted across 2024–2026.
Two tax-related figures were emphasized: total assessed value rose by $191,000,000 after a market update, and equalized value increased by about $48,000,000; as a result the village mill rate fell by $1.77 per $1,000 from $6.42 to $4.65 (village portion only), though residents still face school and county levies beyond the village portion. Staff noted that some expenses—like the sewer and certain capital projects—are funded outside the capital fund and that reserves and planned borrowing will be used for some planned capital work.
A motion to adopt the ordinance appropriating funds for 2026 and adopting the levy was made, seconded, and approved by voice vote. The board set no further hearings and directed staff to complete levy and appropriation paperwork.
