NOTICE OF PUBLIC BUDGET HEARING FOR THE TOWN OF STEPHENSON

Notice is hereby given that on Monday, November 10th, 2025 at 7:00 P.M., there will be a PUBLIC HEARING ON THE PROPOSED 2026 BUDGET for the Town of Stephenson, Marinette County.   The hearing will be at the Town of Stephenson Municipal Building located at W11280 County Road X in Crivitz, WI 54114.

Below is a summary of the proposed budget. The budget worksheets in detail are available for inspection by calling the Clerk.

              GENERAL FUND                           2025 BUDGET                   2026 PROPOSED         % CHANGE

     REVENUES

Taxes:   General Property Taxes                                        931,930                                952,002.00                   2.2%

Other Taxes – mobile home                              30,000                                    34,000.00                 13.3%                              

Intergovernmental Revenues                                             865,174                                 856,352.56                 - 1.0%                              

Licenses and Permits                                                       13,378                                    16,700.00                 24.8%               

Public charges for Services                                              48,050                                   78,100.00                 62.5%                             

Recycling                                                                       51,000                                    35,000.00                 -31.4%               

Interest                                                                           80,000                                    55,000.00               -31.3%                            

Miscellaneous                                                                 72,300                                   72,000.00                 -0.4%

Occasional                                                                               0                                   38,000.00                                          

     TOTAL REVENUE                                               $ 2,091,832                           $   2,137,154.56                     2.2%

Cash Applied                                                                             0                                211,585.94                             

     TOTAL REV. & CASH BAL.                                $ 2,091,832                            $   2,348,740.50                   12.3%  

   EXPENDITURES

General Government                                                    354,500                                385,780.50                   108.8%                                      

Public Safety                                                                   275,468                                285,960.00                   103.8%                           

Transportation                                                                712,700                               727,000.00                   102.0%                           

Sanitation                                                                       168,000                                158,000.00                     94.0%                           

Culture & Recreation                                                          3,500                                  11,000.00                 314.3%     

Capital Outlay                                                                 544,714                                    671,000.00                   123.2%                            

Miscellaneous                                                                32,950                                110,000.00                   333.8%                           

                                                                                   $ 2,091,832                          $   2,348,740.50                 112.3%

TOTAL ANTICIPATED 2024 EXPENDITURES                                                  $2,348,740.50                                           

LESS: TOTAL 2022 ANTICIPATED NON-PROPERTY TAX REVENUE           1,396,738.50                             Mill Rate

AMOUNT REQUIRED FOR LEVY                                                                      $   952,002.00                                  0.93

     DESIGNATED FUNDS                              BALANCE 2024      ANTICIPATED YE 2025              % CHANGE

Land Use                                                           $   6.480.47                            $   6.480.47                              0.0%

Revaluation                                                             9,278.38                                  9,278.38                              0.0%

Fire Dept Depreciation                                           130,140.13                                47,465.13                          -63.5%

Highway Equipment                                             122,088.23                                     403.50                          -99.7%

Road Depreciation                                                118,000.22                              118,000.22                              0.0%

Parks                                                                     25,000.00                                25,000.00                              0.0%

Building                                                                     185,059.31                                185,059.31                                                                                                              0.0%

Invasive Species                                                       8,799.92                                  8,799.92                              0.0%

Unassigned Cash Reserves                                    235,521.76                              235,521.76                              0.0%

2% fire Dues                                                          74,515.45                               34,875.40                            -53.2%

2% Future Purchases                                                       .00                                77,654.75                            999.0%