The Stevens Point Common Council adopted a 2014 budget of $21,521,928 that keeps the tax rate steady while including extra retirement on the city’s debt, two new police positions and approximately $114,000 in city employee compensation adjustments.
The Common Council voted 9-0-2 to adopt the 2014 budget Monday, Nov. 18, with Mike Wiza, District 4, and Randy Stroik, District 9, excused.
The total tax levy of Stevens Point for 2014 will be $14,423,537 with a rate of $9.85 per $1,000 of assessed property value, the same as last year. The 2013 budget was $21,749,259, with a levy of $14,204,345.
“It’s certainly something we are very proud of and I think it is very important to keep the tax rate level because I understand it is a very difficult time for a lot of people,” said Corey Ladick, comptroller/treasurer of Stevens Point. “We try to keep our costs down and manage our money and make smart decisions. Overall that has helped to keep the tax rate stable.”