Janesville balances projects with taxes
It's a balancing act for the city of Janesville, deciding which major projects to fund and where to make cuts.
The operating budget will come out in about a month, says City Manager Eric Levitt, and there's a lot of pressure to keep taxes low. At the same time, there are a lot of reductions in revenue sources like state shared revenue and interest rates. The city could take advantage of lower-than-expected interest rates and borrow funds for several new projects like a fire station and ice rink.
Levitt says in order to keep taxes from increasing to the full levy limit, the city has to make reductions in spending, which could lead to service cuts. He says there will be impacts, potentially on employees and potentially on the public.
Last updated: 11:22 am Thursday, December 13, 2012