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Village of Bloomington committee reviews budget and options to meet Wisconsin expenditure restraint cap
Summary
At its Sept. 30 meeting the Village of Bloomington Finance & Purchase Committee heard a budget review led by Jay Bennett of Johnson Block and discussed trimming expenses to remain under Wisconsins expenditure restraint cap and qualify for state incentive aid.
On Sept. 30, 2024, the Village of Bloomington Finance & Purchase Committee met at 4:00 p.m. for a budget review led by Jay Bennett of Johnson Block. Bennett provided a detailed breakdown of proposed revenues and expenditures and advised the committee on strategies to remain under Wisconsins expenditure restraint cap so the Village could qualify for state incentive aid. The presentation included recommendations to reduce budgeted expenses, though no specific dollar reductions were recorded in the public minutes.
Committee members Robert McLimans, Dawn Drew, Al Mergen and Dennis Moris discussed options and where adjustments would need to be made in the draft budget to meet the cap and preserve eligibility for incentive aid. The discussion in the public record did not specify final line-item changes or amounts. The committee did not take a public vote on the budget at this meeting; staff and consultants were directed to continue reviewing options.
