Budget Summary & Trends

The 2015-16 budgeted revenues total $71.4 million and include the following major components for the governmental fund types:

  • Local Property Tax – 21%
  • Federal Aids/Grants – 19%
  • Tuition and Fees – 13%
  • State Aids/Grants – 35%
  • 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 2015-16. In 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 $20.4 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
2015-16 $16,178,160 1.33 $24,136,188,699 2.00 0.42584 .24445 0.67029
2014-15 $15,965,042 (56.06) $23,662,930,097 2.20 0.42112 .25356 0.67469
2013-14 $36,337,317 0.53 $23,160,025,338 (1.50) 1.30990 .25907 1.56897
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

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 $100.54 to support Moraine Park for the 2015-16 tax year.  This compares to a payment of $101.20 for the previous year — a decrease of $0.66.

The 2015-16 budgeted expenditures total $77.3 million and include the following major components for the governmental fund types:

  • Personnel Services – 50%
  • Current Expenses – 35%
  • Debt Service – 8%
  • Capital Projects – 7%