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Bloomington committee reviews budget, seeks to meet Wisconsin expenditure restraint cap
Summary
At its Sept. 30, 2024 meeting the Village of Bloomington Finance & Purchase Committee reviewed proposed revenues and expenditures. Consultant Jay Bennett outlined options for reducing budgeted spending to remain under the State’s expenditure restraint cap and qualify for incentive aid.
The Village of Bloomington Finance & Purchase Committee reviewed a draft budget at its Sept. 30, 2024 meeting, with consultant Jay Bennett of Johnson Block leading a detailed presentation of proposed revenues and expenditures.
Bennett advised the Village on measures to reduce budgeted expenses so the Village can remain under the State’s expenditure restraint cap and thereby qualify for state incentive aid; the transcript notes the recommendation but does not list specific line-item amounts. Committee members — including Village President Robert McLimans, Dawn Drew, Al Mergen and Dennis Moris — discussed where reductions might be made but did not record final line-item decisions in the public minutes.
The discussion was framed around maintaining eligibility for the state program that ties incentive aid to compliance with the expenditure restraint cap. The transcript does not specify the proposed operating total, specific departmental cuts, or the fiscal year targeted by the draft budget. The committee did not take a formal vote on budget adoption at the meeting; further review and adjustments were indicated as next steps.
