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Finance committee recommends front‑loading principal to stabilize Middleton tax impacts
Summary
The Middleton Finance and Personnel Committee voted May 5 to recommend a debt structure that front‑loads principal payments (option B) to keep the city’s equalized tax rate relatively level while pursuing a proposed community campus. The recommendation moves the borrowing plan to the Common Council for final direction and refinements.
The Middleton Finance and Personnel Committee recommended on May 5 that the Common Council pursue a financing structure that accelerates principal payments in the 2026 borrowing to stabilize the city’s equalized tax rate while preparing for a proposed community campus that would include city hall, the library and the senior center.
Bill, the staff presenter, outlined three conceptual borrowing scenarios for a community campus: roughly $65 million, $85 million and $110 million. Under the $65 million scenario, staff estimated an average homeowner impact of about $35 to $40 per year; the $85 million scenario was closer to $50 per year; and the $110 million scenario…
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