November 14, 2023 Public Budget Hearing and Special Town Meeting Town Of Lake

Minutes
Monday, November 14, 2023 Town of Lake Hall
W6202 Loomis Road, Porterfield, WI 54159

7:00 p.m. Special Town Board Meeting

PUBLIC BUDGET HEARING
#1

1. Call to order.
The meeting was called to order at 7:00 p.m. by Chairman Sotka.

2. Approval of agenda.
A motion to approve the agenda was made by Nelson, seconded by Burmek and carried.3-0-0

3. Slide presentation by Chairman Sotka
Chairman Sotka gave a slide presentation showing a break-down of the 6 taxing entities and the amounts and percent of the total bill that the Town of Lake residents receive in December of 2023 due in 2024 The report also included five-year revenue and expenditure history, the two bride reports for the Town of Lake, equipment description and ages, and road repairs for the last 5 years. Included was the cost associated with road maintenance and road construction, a slide showing when some of the roads were constructed that are in dire need of re-construction. At the end of the presentation a slide of the request for the resolution to exceed the revenue limit for the Town of Lake Tax Levy of $100,000 showed the impact of a home with assessed value starting at $25,000 ending with the impact of a $1,000,000 assessed value.

4. Presentation of 2024 Budget
Clerk/Treasurer Tarmann presented in-depth report of the 2024 Budget of revenues and expenditure to be approved including the request for the Resolution to exceed the Town of Lake revenue limit.
5. Motion to Adjourn
A motion to adjourn was made at 8:45 p.m. by Nelson, seconded by Burmek and carried.