Some potentially troubling news came out late this week.
Final fall equalized values were released (remember, that is the denominator) in the mill rate equation; the proposed tax levy is the numerator. If the denominator is reduced, the mill rate goes up.
We’ve all seen the new construction, so we were all anticipating at the very least a small INCREASE in the equalized values. The City of Sun Prairie was using 1% growth in its estimates. The school district stayed with 0%. It looks like the 0% is at least 1% closer to actual.