The proposed referendum is a resolution authorizing the village to exceed the levy limit by $600,000 starting in 2018 for 5 years. The funding will be used to maintain current public safety and road maintenance while the board works on restructuring the Village infrastructure. You will be asked to vote on the resolution on the November 6, 2018 ballot.
A decade of state-imposed levy caps has limited the amount the Village can increase the annual levy limit, leaving net new construction increases and borrowing as the only options for budgeted revenue shortfalls. The Village has seen very minimal net-new construction over the last ten years. The Village of Bloomfield has been in a negative budget position for many consecutive years and has been borrowing annually to cover budget shortfalls.
How is Mill Rate Calculated?
Village Levy ÷ Assessed Value x $1,000 = MILL RATE
HISTORICAL MILL RATES – HOW DO WE COMPARE?
2012
2013
2014
2015
2016
2017
Village of Bloomfield
2.78
2.85
2.84
3.86
4.40
5.04
Estimated State Village Average
5.12
5.21
5.32
5.42
5.50
BLOOMFIELD 2018 VILLAGE TAX LEVY
Operation Levy + Capital Projects Debt Levy + Operation Shortfall Debt Levy = Total Tax Levy
$1,104,773 + $571,909 + $177,311 = $1,853,993
BLOOMFIELD COMPARED TO OTHER VILLAGES IN WALWORTH COUNTY:
2017 VILLAGE
MILL RATE
DARIEN
13.91
SHARON
11.18
GENOA CITY
8.31
MUKWONAGO
7.63
EAST TROY
7.47
WALWORTH
6.81
BLOOMFIELD
5.04
FONTANA
3.47
WILLIAMS BAY
3.46
Basic Information on current Village Services
Frequently Asked Questions:
What will this referendum do to my tax bill, if it passes?
