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Edgerton council adopts 2025 budget, sets mill rate above Revenue Neutral Rate
Summary
The Edgerton City Council approved the 2025 budget on Aug. 22, 2024 by a 3-1 vote and passed a resolution setting an estimated mill rate of 29.550, exceeding the Revenue Neutral Rate after a required public hearing and staff presentation on SB13 and tax calculations.
The Edgerton City Council approved the city's 2025 recommended budget on Aug. 22, 2024, with a 3-1 vote. Councilmember Clay Longanecker moved to adopt the budget and Councilmember Deb Lebakken seconded; Councilmember Ron Conus cast the lone vote against the measure.
Karen Kindle, the city's director of finance, briefed the council on the final steps of the budget process and on the Revenue Neutral Rate (RNR) established under SB13. Kindle said the previously estimated mill rate was 25.990 mills and that the draft resolution presented that night would establish an estimated mill rate of 29.550 mills for the 2025 budget.
The council held the statutorily required public hearing on exceeding the RNR; Mayor Roberts opened and closed the hearing at 7:16 p.m. after no members of the public spoke. Following the hearing the council approved Resolution No. 08-22-24A setting the estimated mill rate to exceed the RNR, in a 4-0 vote.
Kindle told the council the packet was updated to reflect TIF information from the county, more detail on properties coming off abatement and adjustments council requested during prior work sessions, including reduced allocations to Frontier Days and Project Grad. Staff also noted three unfunded equipment items recommended for 2029 that were added to an exhibit after council discussion.
With the budget approved, the council will sign the certificate page and submit the budget to the county by the statutory deadline.
Background: SB13 (effective March 2021) created the RNR mechanism that local governments must follow when setting property tax rates; the city played a Budget 101 video as part of the public hearing packet.
