Special Town Board Meeting — Documents

be held on the proposed 2026 Town Budget. The proposed detail budget is available for inspection at the New Glarus Town Hall. The following is a summary of the proposed 2026 Town of New Glarus Budget. 2025 Actual Estimated 2024 2025 Thru 2025 2026 % Actual Budget September Actual Budget Change Revenues: Property taxes 914,552 $ 948,674$ 948,674$ 948,674$ 1,004,869$ 5.92% Other taxes 2,274 2,200 4,171 6,371 2,200 0.00% Intergovernmental 233,550 267,555 160,516 295,559 226,364 -15.40% Licenses & Permits 39,008 37,200 36,644 39,820 37,200 0.00% Public charges for services 124,527 140,350 123,528 127,028 123,250 -12.18% Interest 79,595 39,000 64,794 64,794 39,000 0.00% Miscellaneous revenues 11,634 650,000 507,679 507,679 150,000 -76.92% Loan Proceeds 200,000 1,500,000 - 1,500,000 900,000 -40.00% Total revenues 1,605,140 3,584,979 1,846,006 3,489,925 2,482,883 -30.74% Expenses: Current: General government 358,370 277,141 226,487 335,470 332,493 19.97% Public safety 129,408 134,368 131,330 137,336 207,556 54.47% Public works 496,977 524,267 327,831 526,736 609,204 16.20% Culture & recreation 93,344 35,000 4,887 15,000 35,000 0.00% Conservation & development - 4,000 - - 4,000 0.00% Capital outlay 34,149 2,701,400 487,822 812,512 2,442,778 -9.57% Debt Service: 460,898 496,385 24,123 496,385 590,570 18.97% Total expenditures 1,573,146 4,172,561 1,202,480 2,323,439 4,221,600 1.18% Net surplus (deficit) 31,994 (587,582) 643,526 1,166,486 (1,738,718) Net Change in Fund Balance - Use of Reserves / Fund Balance 31,994 (587,582) 643,526 1,166,486 (1,738,718) Fund Balance - beginning of year 1,376,484 1,408,478 1,408,478 1,408,478 2,574,964 Fund Balance - end of year 1,408,478 $ 820,897 $ 2,052,004$ 2,574,964$ 836,247 $ Fund Balance Nonspendable 6,839 $ 6,900$ 7,000 $ 7,000$ Fund Balance Restricted (Impact Fees) 11,040 $ 64,390$ 11,040 $ 11,040$ Fund Balance Restricted (Unspent Debt) 200,000$ - $ 1,500,000 $ 254,500 $ Fund Balance Restricted (Other Funds) 40,000 $ 20,000$ 40,000 $ 20,000$ Fund Balance committed 68,674 $ 65,473$ 68,674 $ 68,674$ Fund Balance assigned 713,215 $ 276,182$ 614,603 $ 158,503$ Fund Balance unassigned 368,710 $ 387,952$ 333,647 $ 316,530$ Applied Fund Balance (587,582) $ (1,738,718) $ 2024/2025 2025/2026 Increase % Increase Total tax levy 948,674 $ 1,004,869$ 56,195 $ 5.9% Assessed value estimate 260,267,700$ 263,962,500$ 3,694,800 $ 1.4% Tax rate (per $1,000) 3.65 $ 3.81$ 0.16$ 4.4% Equalized value 340,335,700 $ 361,783,800$ 21,448,100 $ 6.3% Equalized tax rate 2.79 $ 2.78$ (0.01)$ -0.4% Long-term debt outstanding 12/31 2,548,031$ 2,816,098$ Notice is also given that a SPECIAL TOWN MEETING of the electors of the Town of New Glarus will follow the Budget Hearing pursuant to applicable sections of the Wisconsin Statues. The purpose is as follows: 1. To approve the 2026 Town Highway Expenditures Total Highway Budget = 1,169,204$ Total Hwy Construction = 275,000 $ 2. To adopt the 2025 Tax Levy to be paid in year 2026 pursuant to Sec. 60.10(1)(a) of Wisconsin Statues:Statutes 2025/2026 Town Tax Levy Proposed = 1,004,869$ 2024/2025 Town Tax Levy Proposed = 948,674$ Dated October 22, 2025 Darla Kramer, Deputy Clerk / Treasurer Posted: New Glarus Post Office, New Glarus Garage and Town Hall file: NG 2026 Draft Budget TOWN OF NEW GLARUS YEAR 2026 TOWN BUDGET SUMMARY Notice is hereby given that on November 13, 2025 at 6:00 PM. at the Chalet Landhaus, 801 WI Hwy 69, a Public Hearing will