Budget Summary & Trends

The 2014-15 budgeted revenues total $78.4 million and include the following major components for the governmental fund types:

  • Local Property Tax – 21%
  • Federal Aids/Grants – 20%
  • Tuition and Fees – 13%
  • State Aids/Grants – 34%
  • Debt Proceeds – 7%
  • Institutional Revenues – 5%

As noted, the State Aids revenue represents the major source of support for the general operation and capital needs of Moraine Park for 2014-15. Effective for 2014-15, Governor Walker utilized excess state revenues to "buy down" the taxing authority within the Wisconsin Technical College System. As such, the total Moraine Park tax levy for 2014-15 was reduced by $20.6 million and budgeted as additional state aids. The following table documents related trend data:

          Mill Rate
Tax Year Total Levy % Change Equalized Value % Change Operational Debt Total
2014-15 $16,028,400 (55.89) $23,160,025,338 0.00 0.43300 .25907 0.69207
2013-14 $36,337,317 0.53 $23,110,860,722 (1.50) 1.31268 .25962 1.57230
2012-13 $36,147,317 0.56 $23,462,802,763 (3.33) 1.28490 .25572 1.54062
2011-12 $35,947,317 (0.14) $24,272,056,133 (1.83) 1.24206 .23896 1.48102
2010-11 $35,997,317 2.80 $24,725,264,984 (2.16) 1.21929 .23660 1.45589
2009-10 $35,016,845 3.99 $25,270,475,530 1.77 1.15716 .22852 1.38568
2008-09 $33,673,281 4.00 $25,077,484,948 3.80 1.10184 .24093 1.34277

The Mill Rate calculation is the ratio of total levy to equalized value multiplied by 1,000.   Therefore, a taxpayer with a home valued at $150,000 will pay $103.81 to support Moraine Park for the 2014-15 tax year.  This compares to a payment of $235.35 for the previous year — a decrease of $131.54.

The 2014-15 budgeted expenditures total $83.5 million and include the following major components for the governmental fund types:

  • Personnel Services – 49%
  • Current Expenses – 36%
  • Debt Service – 8%
  • Capital Projects – 7%