title
Resolution authorizing the use of previous year’s unused levy capacity for the 2025 budget
body
WHEREAS, the Common Council adopted the 2025 budget on November 19, 2024 and the budget assumes $772,124 in unused levy;
WHEREAS, under Wiis. Stat. 66.0602(3)(f)(3), a majority vote must approve the use of these funds and a vote must be taken as to not lose the capacity to raise the levy;
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Wauwatosa that the use of $772,124 of levy capacity be used in the 2025 Budget.
By: Financial Affairs Committee
recommendation
Recommendation: Approve 8-0 (3/4 vote required)