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Shorewood staff present two long‑range levy scenarios; trustees told to expect a mix of approaches
Summary
Staff updated the long-range financial plan with two 'bookend' scenarios — holding the levy flat (3%) versus raising it to preserve operations and fund capital — and advised the board that the actual path will likely combine elements of both to smooth levy spikes from infrastructure debt.
Christina Domar presented an updated page in the long-range plan showing two scenarios: one that holds the tax levy roughly flat (a 3% reference) and trims operations and another that allows levy increases to maintain services and complete planned capital projects. She told trustees the scenarios were intended as bookends and that the eventual path will likely be a mix designed to smooth the levy over the 10‑year planning horizon.
Trustees asked how those scenarios translate into household tax bills and debt‑service shares; staff acknowledged a clerical error in an example assessed-value number and agreed to provide corrected tables and clarifications. The discussion noted that debt service related to infrastructure projects is the primary driver of future levy spikes and that choices on operations, equipment and capital funding will determine future levy policy.
