2026 CITY OF JEFFERSON BUDGET

City of Jefferson 20 2 6 BUDGET CITY OF JEFFERSON NOTICE OF PUBLIC HEARING ON 2026 CITY BUDGET [As Required by Section 65.90(3)] NOTICE IS HEREBY GIVEN that the Common Council of the City of Jefferson will hold a Public Hearing on the proposed 2026 City Budget on November 18, 2025 at 7:00 P.M. in the Council Chambers of the Jefferson City Hall at 317 South Main Street, Jefferson, WI. All interested persons are invited to attend the Public Hearing. Citizens will be given an opportunity to present written and oral comments and ask questions regarding the Proposed Budget. The proposed budget, in detail, is available for inspection at the City Administration Office from 8:00 am to 4:30 pm M-R & 8:00 am to 3:00 pm F or online at www.jeffersonwis.com. The following is a summary of the Proposed 2026 Budget: 2026 Proposed Budget **General Operating Fund** 2025 % Change % Amount 2025 Estimated 2026 Increase Increase Revenues Budget Actual Proposed (Decrease) (Decrease) Taxes (Other than Property Taxes) 4,525,325 4,367,250 788,600 Intergovernmental Revenues 1,594,935 1,719,025 1,767,575 Licenses and Permits 217,900 314,200 274,700 Fines, Forfeits, and Penalties 135,000 126,000 126,000 Public Charges for Services 809,800 946,650 937,300 Intergovernmental Service Fee 225,000 265,650 290,650 Interest & Misc. Revenues 125,125 168,625 154,625 Contribution from Fund Balance 345,000 354,125 154,000 Total Revenues. . . . . . . . . 7,978,085 8,261,525 4,493,450 -43.68% -3,484,635 Operating Expenditures General Government 1,095,175 1,198,010 1,212,450 Public Safety 3,392,000 2,970,830 3,536,500 Health & Social Services 22,500 21,000 22,500 Public Works 1,148,000 1,135,175 1,180,350 Leisure Activities 823,750 833,081 804,725 Conservation & Development 91,550 80,715 96,650 Contingencies 445,660 358,625 406,350 Total Operating Expenditures. . . 7,018,635 6,597,436 7,259,525 3.43% 240,890 Transfer to Debt Service Fund 1,086,725 1,086,725 1,091,825 0.47% 5,100 Transfers to Capital Project Funds 226,850 226,850 205,000 -10.66% -21,850 Gross Expenditures with Transfers 8,332,210 7,911,011 8,556,350 2.62% 224,140 Reimb from Sewer Utility (300,000) (300,000) (325,000) 8.33% 25,000 Reimb from Storm Utility (54,125) (54,125) (55,825) 3.14% 1,700 Net Expenditures (Minus Utility Reimb) 7,978,085 7,556,886 8,175,525 2.42% 197,440 Excess (Deficiency) of Revenues - 704,639 (3,682,075) Over Expenditures Surplus Funds (Applied/Gained) - 704,639 - 0 Gen Fund Local Property Levy 3,715,850 3,715,850 3,682,075 -0.92% -33,775 SURPLUS (Deficit). . . . . . . . . . 3,715,850 4,420,489 - Fund Balance-Beginning of Year 2,509,038 2,895,402 Fund Balance-End of Year (Est*) 2,895,402 2,895,402 2026 PROPOSED BUDGET *** All Governmental and Proprietary Funds Combined *** Est. Fund Balance Property Fund Bal. Total Total (w/ transfers) Tax FUND Jan. 1, 2026 Revenues Expenditure 31-Dec-26 Contribution General Fund 2,895,402 4,493,450 7,259,525 2,895,402 3,682,075 Debt Service Fund 103,446 4,175 1,091,825 107,621 Tax Incremental District Fund #5 574,167 51,775 246,375 953,567 574,000 Tax Incremental District Fund #7 136,147 13,100 76,025 362,072 288,850 Tax Incremental District Fund #8 956,654 30,225 179,800 973,779 166,700 Tax Incremental District Fund #9 (267,026) 6,150 169,150 (264,876) 165,150 Tax Incremental District Fund #10 72,458 68,175 50,100 167,983 77,450 Tax Incremental District Fund #11 627,305 - 431,150 331,105 134,950 Tax Incremental District Fund #12 (3,313) - - (3,313) - Refuse/Recycling Fund 59,565 635,875 639,400 56,040 Capital Project and Equipment Fund 504,211 475,950 1,008,000 588,211 616,050 Public Library Fund 78,127 170,475 716,750 78,127 546,275 Special Revenue Funds 1,190,532 218,075 287,500 1,163,607 Capital Projects Funds 359,464 15,475 99,800 337,639 Fire/EMS Referendum Fund 160,822 5,000 603,550 162,272 500,000 Storm Water Utility 641,924 391,000 336,875 640,224 Sanitary Storm Sewer Utility 2,734,448 2,216,100 1,642,075 2,983,473 Water Utility 1,614,736 2,168,400 2,122,600 1,660,536 Electric Utility 3,182,872 11,667,239 11,648,543 3,201,568 TOTALS 15,621,941 22,630,639 28,609,043 16,395,037 5,344,400 PUBLISH: 10/28/25 not in the legal section Need an Affidavit 1 FY 202 6 CITY OF JEFFERSON BUDGET SUMMARY INTRODUCTION The proposed FY 202 6 Budget represents the result of each department manager anticipating the needs of their department for the approaching fiscal year . Th e FY 202 6 B udget was prepared with the goal of maintaining present levels of service without requiring significant increases in City property taxes, fees , or other assessment s . As required by State law, I am pleased to advi se you that the proposed FY 202 6 Budget is balanced . The financial environment which the City will operate in during 202 6 is uncertain, and perhaps m ore negative than positive . Of major concern , t he local economy may contract as current inflationary and interest rate pressures create longer term growth implications for the community’s tax base . It remains to be seen whether current growth trend s continue , or whether existing real estate values and the construction of new taxable building improvements are negatively impacted . Also, t he City will continue to have limited ability to levy additional property taxes because of State imposed property tax levy limits. Inflationary pressures will make challenging the ability of the City to continue to provide services and programs at current levels . On the positive side, the recently adopted State of Wisconsin Budget will continue to meaningfully increase the amount of intergovernmental assistance the City receives in the form of state shared revenues. The severity of these conditions requires that F Y 202 6 spending again be restrained and may in the future necessitate the implementation of austerity measures that heretofore have not been required . The ability of the City to maintain current levels of service without requiring significant increases in property taxes or other fees and assessments will largely depend upon the cooperation of employees, their labor organizations , and the ability of staff and elected leadership to limit spending . B eyond 202 6 it is more probable than not that the City of Jefferson Government will need to operate on a smaller level . It will need to deliver services in a more intelligent fashion and flexible manner if it is to avoid significant reductions in the services it delivers to the residents of the community . This FY 202 6 Budget Summary concludes 2 with a brief discussion of policy recommendations that the Common Council may wish to consider as the City moves forward in the current economic and financial environment . The following narrative is a summary of maj or areas of the proposed FY 20 2 6 Budget. FY 202 5 BUDGET PERFORMANCE T he FY 202 6 Budget process begins with an analysis of the current FY 202 5 City of Jefferson Budget . Assessing current budget trends, it is possible to project the anticipated financial performance of the City’s major operating fund (General Fund) through the end of the current year . Based upon current budget data a n operating surplus of approximately $ 386,000 is projected to res ult by the conclusion of FY 202 5 . At the conclusion of the current year the unrestricted G eneral F und balance is anticipated to be slightly increased from its 2024 level ($2,500,000) . This level is consistent with the Common Council policy objective of mainta ining a significant unreserved G eneral F und balance equal to at least 20% of budgeted expenditures . This policy allows the City to maintain its strong A a 3 bond rating, meet or exceed accepted governmental accounting practices , and ensures that its cash flow requirements are met . PROPERTY TAX LEVY The FY 202 6 Budget as proposed requires a general property tax levy increase of $ 79,925 or 1 .5 % . Th e proposed tax levy increase represents the maximum City 20 2 5 tax levy limit as established by current law. The following fund levies compromise the total 20 2 5 City of Jefferson proposed property tax levy: Property Tax Levy 202 4 Adopted 202 5 Requested 202 4 - 202 5 Change Amount % General Fund $ 3, 715,850 $ 3, 682,075 ( $ 33,775) (0.9 % ) Library Fund $ 532,575 $ 546,275 $ 13,700 2.6 % Capital Fund $ 516,050 $ 616,050 $ 100,000 19.4 % Total $ 5,264,475 $ 5,344,400 $ 79,925 1 . 5 3 % Fire Referendum Fund $ 50 0 ,000 $500,000 $0 0% T he City of Jefferson may legally increase its 20 2 5 property tax levy by approximately $ 79,925 or 1 .5 % (Includes small levy adjustment due to credit for tax base growth from new construction and new debt service ) . PROPERTY TAX RATE The equalized value of City of Jefferson property as of January 1, 2025, was $ 938,543,300 . T his represents a $ 42,995,300 or 4.8 % in crease from the 20 2 4 equalized value of property ($ 895,548 ,000 ) . Approximately $ 81,182,200 of the City’s equalized 3 value is located within a tax increment district . The value of all tax increment district property increased by $ 15,103,700 or 22.9 % between 202 4 and 20 2 5 . Both equalized value trends continue to be indicative of a growing, diversified City tax base . The City’s tax base grow th is attributable to increasing real estate valuations and the construction of new, taxable improvements. Unfortuna tely, the City of Jefferson 202 5 assessment ratio is not known currently . The Wisconsin Department of Revenue releases this information on or about November 1 st each year . Absent this information it is possible to calculate a property tax rate based upon equalized value . The proposed gross 202 5 equalized property tax rate of $ 6. 23 per $1,000 of (TID - out) equalized value represents a $ 0. 12 or 1.9 % decrease from the 20 2 4 gross equalized tax rate ($ 6.35 ) . The decrease in gross equalized property tax rate is attributable to a n increase in the proposed City of Jefferson tax levy o ffset by an expanding Jefferson tax base . FY 20 2 6 BUDGET (ALL FUNDS) Like many units of local government , the City of Jefferson utilizes a system of fund accounting as the basis for its financial reporting . Th is is to say , several different funds are used to financially account for City operations . These funds are su mmarized in the proposed FY 202 6 Budget ( Please refer to the All - Funds Summary Section of the Budget). Total FY 202 6 City of Jefferson spending is proposed at $ 19,905,325 as compared to $ 21,820,160 in FY 20 2 5 . This represents a de crease in s pending of $ 1,914,835 o r 8.8 % . The rate of spending increase is primarily attributable to the scheduling of costly capital improvement project s . Year 202 6 will also be the second full year of Fire Department Referendum implementation which will lead to an increase in Fire Department labor costs as the City continues the transition to full - time fire/paramedics from volunteer and part - time based services. FY 202 6 BUDGET ASSUMPTIONS AND HIGHLIGHTS The following summary provide s a brief overview of the FY 202 6 Budget assumptions and highlights. Authorized Positions  The FY 202 6 Budget includes funding for 8 6 authorized Positions ( 61 full - time, 25 part - time and one limited term employees) . In addition, the City employs 4 5 volunteer firefight er s, 30 auxiliary emergency medical technicians, 35 seasonal employees, 45 recreation program instructors , and 60 election w ork er s . The City’s workforce remains virtually unchanged from FY 2025 . Please refer to Budget Attachment D for a classification of authorized City positions. 4 Employee Health Insurance Contributions  F Y 202 6 health insurance premium costs are anticipate d to incre ase by approximately 5 .9 % from 20 2 5 . FY 2022 was the final year that the City insured its employees with the Dean Health Care Plan as a member of the Dodge and Jefferson County Health Care Consortium . Beginning in FY 2023 , and continuing through 202 6, the City will insure employees with the Dean Health Care Plan but on a stand - alone plan basis . The Dean Health Care Plan renewal premium is advantageous to the City , and this is extremely beneficial to its bottom - line financial position as health care costs for its employees have been its single fastest growing budgetary expenditure .  The FY 202 6 Budget includes an appropriation of $ 56 ,000 to fund employee Health Savings Accounts at a level equal to slightly less than one - half of the annual employee family deductible ($ 3, 400 ) and s ingle deductible ($1, 7 00 ) .  Except for public safety personnel, employee health insurance contributions have been implemented to reflect the increases mandated by Wisconsin Act 10 . Contributions made by public safety personnel are a mandatory subject of collective bargaining and remain subject to the outcome of negotiations. Employee Retirement Contributions  Wisconsin Retirement System contributions paid by the City and its employees are anticipat ed to change slightly in FY 20 2 6 . Contribution rates for non - sworn personnel will decrease to 6. 9 5 % from 7.20 % (20 2 5 ) of base salary . For sworn personnel the contribution rate will decrease to 1 4. 8 0 % from 1 5.01 % (20 2 5 ) of base salary . The decrease in retirement contribution rates for City personnel will moderately i mpact labor expenditures in 20 2 6 .  Apart from public safety personnel, employee retirement contributions are consistent w ith the increases mandated by Wisconsin Act 10 . Contributions made by public safety personnel are a mandatory subject of collective bargaining and remain subject to the outcome of negotiations. Salary/Wage Adjustments  The FY 202 6 Budget funds a 3.0 % wage increase for full and part - time employees that have reached the control point for their position classification and are no longer in a wage step . The proposed 3.0 % wage increase is due to a “tight” labor market , made worse by a n existing inflationary environment . This results in the best opportunity to keep the City’s pay plan current with in market conditions and competitively compete for workforce talent .  The FY 202 6 Budget advances employees in the STEP portio n of the Jefferson pay plan to the next step effective January 1, 2026 . This will provide these 5 employees with a step wage increase equal to approximately 2.5% . The FY 202 6 Budget fund s a structural adjustment to the City’s Compensation Plan for these employees .  The FY 202 6 Budget does include funding for a wage increase for the City’s sworn police department employees represented by a collective bargaining unit . The wage increase s range from 3% to 5% depending upon STEP placement .  The Fy 2026 Budget includes a $120,000 line - item appropriation to fund “catch - up” wage increases for a segment of the City’s workforce. The City’s compensation consultant is currently completing a limited market analysis of the City’s wage structure . The City Council can use this appropriation to fund additional compensation for positions that have fallen behind market conditions at its discretion . Employee Benefit Cost Increases  Employe e health care cost s in 202 6 are projected to increase by 5.9 % per the rate negotiated with the Dean Care Health Insurance Plan . Costs are shared with the employee on an 88% (employer) / 12% (employee) cost basis . For family coverage , the City portion of the monthly premium will increase to $ 2,093.22 in 20 2 6 . Single family coverage will increase to $ 837.29 . A s noted above, the City exit ed the health insurance consortium that i t participated in the past five years in favor of a stand - alone insurance plan provided by D ean Health Care that provides a comparable benefit structure .  Dental and vision insurance renewal rates are anticipated to remain unchanged for FY 2026 . Monthly family coverage premiums are anticipated to be $1 33.81 for family coverage and $ 4 4.71 for single coverage . Premium costs are shared with the employee on a 75% (city) – 25% (employee) basis.  Life insurance ren ewal rates for 202 6 remain unchanged from their c urrent 20 2 5 level. The City assumes 100% of the monthly premium cost. Utility Cost Increases  No change to the Storm Water Utility User Charge is proposed in 2026.  Year 2026 wastewater revenues are projected based on the current rate tariff and do not reflect a change in rates.  Water rates are subject to review due to the Wellhouse #2 Project . Year 202 6 water revenues are projected based on the current tariff rate and do not reflect a change in rates.  Electric rates are antici p ated to remain unchanged in 202 6 . 6  Natural gas rates are anticip ated to remain unchanged in 202 6 . Refuse and Recycling Collection Services Increases  The City Council recently extended the John’s Disposal Service, Inc. Contract. Per this contract amendment rates for solid waste and recycling service will increase by 3% in the 2026 . For residential service customers the monthly service rate will increase from $18.35 to $18.90 . For commercial service customers the monthly rate will increase from $ 20.17 to $20.78 .  Local charges for r efuse and r ecycling f ees remain unchanged at $ 0.78 per month per residential dwelling . This amount offsets the cost of providing curbside brush pick - up and the operation of the City ’s compost facility . These costs transitioned off the property tax rolls to monthly utility bills beginning January 1, 2017. User Fees and Public Charges for Services  No new user fees or public charges for services or significant changes to existing fees and ch a rges are proposed in the FY 202 6 Budget . General Obligation Debt Issuance  New General Obligation Debt in the amount of $ 450,000 is proposed for 202 6 . The debt proceeds will be used to replace/rebuild the Diamond #1 lighting system at Riverfront Park ($100,000), replace Parks Department lawn mower units (two units - $50,000), and fund street reconstruction work ($300,000) General Fund Miscellaneous Appropriation  The FY 20 2 6 Budget includes a $ 33,725 line item for undesignated/contingency purposes . General Fund Balance  As noted previous ly, at the conclusion of FY 202 5 the City of Jefferson’s unreserved general fund balance is estimated to be approximately $ 2. 50 million or 29 % of FY 202 6 General F und E xpenditures . This amount is expected to allow the City to adequately “cash flow” municipal operations and maintain the City’s Aa 3 bond rating. Expenditure Restraint  The City of Jefferson’s expenditure restraint limit is not known currently . The City is currently well protected, though, as the 20 2 6 contingency line - item appropriation is $ 184,000 . To balance the budget with in available revenue s the 7 same amount General Fund Balance appropriation is required . The City may adjust the contingency line - item appropriation either up or down pending the final release of expenditure limit numbers by the Wisconsin Department of Revenue . GENERAL FUND The General Fund serves as the primary operating fund of the City of Jefferson; and thus, is utilized to account for many of its services, programs, and operations . The proposed FY 202 6 Budget is a constant service budget designed to maintain the City’s existing service and program levels . As a rule of thumb expenditure increases tend to be incremental in nature and required to offse t the unusually high inflationary impacts impacting the economy. A. Expenditures Proposed FY 202 6 G eneral F und spending ( $ 8,562,350 ) represents an increase of approximately $ 230,140 or 2.8 % from budgeted FY 20 2 5 G eneral F und spending ( $ 8,332, 210 ) . The rate of expenditure growth can generally be attributed to increasing direct labor expenditures for employee wage s and health insurance and other inflationary impacts . Anticipated expenditures will approximate the rate of inflation forecast for the State of Wisconsin ( 3.0% ) in 202 5 . The FY 202 6 Budget is largely a constant service budget designed to maintain municipal programs and service at current 20 2 5 levels . The budget does not provide for any new positions or a n increase in hours to current staffing level s . As noted previously, p roposed FY 202 6 G eneral F und spending will significantly impact the City’s expenditure restraint limit (threshold) established by the Wisconsin Department of Revenue . For 202 6 the City will likely not have the ability to add to its expenditure restraint threshold . When th e exact number is released, the City can adjust its contingency funding downward or upward from its current proposed level of $ 184,000 . B. Revenue The FY 202 6 Budget includes total G eneral F und revenue of $ 8,021,525 ( Prior to transfers to other funds) which represents an increase of $ 388,440 or 5. 1 % from 20 2 5 budgeted revenue ($ 7, 633085 ) . The General Fund supported property tax levy decreased by approximately $ 33,775 to $3,6 82,075 . Payments made to the City in l ieu of property tax es by Jefferson Utilities and Water Utility are projected to decrease by $ 30,000 to $6 50 ,000 in FY 202 5 . Fortunately , the majority of 20 2 6 intergovernmental revenue sources received from the State of Wisconsin are known at this time . Most importantly, the City’s State Shared Revenue Payment is projected to increase by approximately $ 34,175 to $ 901,225 in 202 5 . The expenditure restraint component of the Shared Revenue Program is anticipated 8 to increase by approximately $1 8 ,000 to $ 105,075 . The City’s State H ighway A id P ayments are not known at this time (Final 20 2 4 highway aid payment estimates have not been made available by the Wisconsin Department of Transportation . As you may be aware, Wisconsin local governments are no longer able to tax personal property for manufacturing operations . This amount s to a loss of approximately $ 81,375 . The State of Wisconsin will make the City whole for the loss of this revenue but will freeze the payment at this level in future years. The per capita charge assessed to area township governments for emergency medical services is scheduled to increase to $3 7 in 202 6 . Area townships will pay $ 112,650 to the City for these services. 202 6 will be the fourth year of a five - year agreement that was negotiated between the City and townships. Parts of five bordering townships receive contracted fire suppression service from the City. In addition to the regular cost of service the townships are contributing to costs funded by the fire referendum for full - time fire fighter personnel . In 2026 the townships are contributing $75,000 toward this cost . In 2027, the final year of the current fire suppression service agreements, the annual cost will increase to $100,000. Patient billed revenue from residents requesting EMS service is projected to increase significantly due to steep increases in call volume and requests for services . In 2026 this revenue is projected to increase by $100,000 to $700,000 . Revenue derived from the investment of City funds is projected to increase significantly in 202 6 . Interest revenue is projected to increase by $ 2 5 , 000 to $ 6 0,000 in 20 2 6 due to a favorable investment interest environment . The City has implemented a more long - term investment strategy that was first begun when a subsidiary of Ehlers and Associates was retained to assist the City with its investment practices. Other locally derived revenue sources remain stagnant and little unchanged . There is little prospect for improved revenue growth during the near term , and these revenue sources have therefore been conservatively forecast. As previously noted, to provide service at current level s in 20 2 4 , a General Fund Property Tax Levy $3,682,075 is required . CAPITAL IMPROVEMENT PROJECT AND EQUIPMENT REPLACEMENT FUND Outlays for capital improvement projects and equipment replacement expenditures are budgeted in this fund . The FY 202 6 Budget includes a total capital outlay appropriation of $ 1,736,500 . Please refer to Budget Attachment B for a summary of capital i mprovem ent project and equipment replacement e xpenditures . Only a small amount of 202 6 capital improvement projects and equipment replacement is tax supported . A property tax levy of $ 616,050 is included in the 202 6 Budget to fund expenditures a t levels proposed . The pro posed capital levy is increased by $ 1 00,000 from the FY 20 2 5 9 levy due to inflationary impacts which have begun to limit the amount of capital projects and equipment replacement that the City can annually undertake. The FY 2026 Budget also utilizes funding from other, non - tax levy sources to fund the City’s capital spending . Th e se sources include the Wastewater Utility Fund ($ 202,000 ) , Storm Water Utility Fund ($ 83,500 ) , and Water Fund ($ 452,000 ) . In addition, General Obligation Bond proceeds in the amount of $ 450,000 are required to fund street repair and equipment replacement projects included in the budget . Major capital improveme nt projects scheduled for FY 202 6 include the re construction of Hyer Drive and West Clark Streets ($950,000) , Riverfront Park baseball diamond lighting replacement ($100,000) , and Aquatic Center Feasibility Study ($20,000) . Major equipment replacement include s a Police Department S quad C ar replacement ( $ 4 7 ,000 ) , Department of Public Works Plow Truck replacement ($ 300 ,000 ) , Wastewater Utility Pick - Up Truck replacement ($ 5 0,000), and Jefferson EMS Lucas Compression System ($ 2 0,000) . DEBT SERVICE FUND The City of Jefferson ’s total FY 20 2 6 general obligation debt service is $ 1,096,000 . I note that this is the portion of the City’s total general obligation debt service that is property tax supported . This represents a decrease of approximately $ 156,250 or 12.5 % from FY 20 2 5 ($ 1, 252,250 ). Of the total debt service payment , approximately $ 910,000 represents principal payments with the remaining amount of $ 175,800 represent ing interest payments . Please refer to Budget Attachment C for the City of Jefferso n debt service s chedule . The City has chosen to repay its general obligation debt on an aggressive schedule . Most of this debt was issued on a 10 - year repayment basis . Wisconsin municipal governments are limited to issuing general obligation debt in an amount not exceeding 5% of its equalized value . At the conclusion of FY 20 2 5 the City’s total general obligation debt (principal) outstanding is estimated to be $ 18,814,645 . This represents approximately 41 % of it s borrowing limit , leaving the City with residual general obligation bonding capacity of approximately $ 26,858,303 . TAX INCREM ENT DISTRICT FUND ( #5 , #7 , #8 , #9 , #10 , #11, and #12 ) The City of Jefferson’s 7 remaining “open” tax increment districts are financially self - supporting and require no direct taxpayer subsidy . The increment generated to date will continue to allow the City to meet existing financial commitments and obligations . It is worth noting that the tax increment derived from these districts is trending higher due to new construction occurring with the districts . (Please refer to the Property Tax Levy and Rate Budget Memo for a summary of tax increment district valuations). 10 TID #5  During FY 2 02 6 TID #5 is anticipated to generate approximately $ 574 ,000 in property taxes . Approximately $ 2 32 , 875 of tax increment will be used to service debt incurred to facilitate street construction projects within the district , including the R econstruction of Riverside Alley Project . In 2021 the City requested a three - year statutory extension of TID #5 which the Jefferson Joint Review Board subsequently granted . This extended the statutory life of TID #5 to 2030 . This District has reached the end of its statutory investment period meaning no additional improvements can be undertaken within the District. TID #5 will remain important as it will become a donor district to TID #13 (once established) to assist with the 1 Rock River Road Redevelopment Project. TID #6  Tax Increment District #6 was terminated in FY 2024 . TID #7  TID # 7 is expected to generate property tax in c rement of a pp roximately $ 288,500 in 20 2 6 . This will provide the revenue required to fund the City’s 2024 general obligation bond debt service payment of appro ximately $70,000 . These debt proceeds were used to complete the extension of Reinel Street and the install ation of municipal utilities serving the tax increment district . By the conclusion of 2025, the District will have met all existing developer obligations . The remaining surplus increment will be added to TID #7 fund balance which will allow the City to close the District in 2028 or 2029, several years prior to its statutory life. TID #8  TID #8 is anticipated to generate property tax increment of approximately $166,700 in 2026 . The majority of this increment is attributable to the single - family homes constructed in the Meadows Estates Subdivision and a partial valuation o f the former Xcel Facility located along Pitzner Parkway . In 2022 t he City incurred significant new debt to purchase property and install a residential subdivision . In 202 6 the City will continue to service this debt with a principal and interest payment of $ 1 72,650 . The District is currently self - supporting with subsidy required from other revenue sources. TID #9  TID #9 is expected to provide tax increment of $1 65,150 in 202 6 . Most of th is tax increment is provided by the hotel and gas station development located near the STH 26 North By p ass . Approximately $ 95,550 of tax increment will be returned to the developers of these projects in the form of a development incentive . The District will service debt in the amount of $68,600, incurred to extend City 11 services to and within the District . Future increment will be generated with construction of condominiums associated with the Jefferson Hills Project slated to begin in 2026 . TID #10  TID #10 was approved by the City Council and the Jefferson Joint Review Board 2022 . The major anticipated expenditure is a development incentive to be paid to the Nestle Purina Pet Care Company following the completion of a large expansion project . This is a single activity District with no debt service or other financial obligations . The Nestle municipal revenue obligation payment is estimated to be $42,150 in 2026. TID #11  TID #11 was created to finance infrastructure related improvements for the Jefferson Food and Beverage Park . Currently the Park is undergoing the completion of these improvements and construction of the first Food and Beverage Park business tenant (Kikkoman Corporation). TID #12  TID #12 was created in 2024 to facilitate the redevelopment of the former Jefferson County Highway Shop Property . No expenditures have been made within the District at present, and no property tax increment has been generated since the property continues to be owned by Jefferson County . STORMWATER UTILITY FUND The Storm Water Ut i lity will continue to fund a variety of storm water related activities, i ncluding personnel costs, contractual services, equipment replacement , and capital improvement projects . Please refer to Attachment B for a summary of the Storm Water Utility Fund schedule of capital improvement projects and equipment replacement .  The City Council last approved a 15% adjustment in the Storm Water Utility Residential Equivalent Based Annual Charge effective January 1, 2016 . This increase was requested to provide funding for the replacement of storm water infrastructure associated with various street reconstruction projects programmed for the next five (5) year period . Th is increase raise d the annual charge per Residential Equivalent Unit from $39.93 to the current $46.10. The revenue impact of this adjustment has been factored into the Storm Water Fund Budget . Revenue derived from the Storm Water User Fee is anticipated to be $3 90 ,000.  A $50,000 appropriation is included in the FY 202 6 Storm Water Fund Budget to fund the storm water component of the City 20 2 6 Street Reconstruction Pro gram 12 and $3 3 ,500 for the fourth year of a five - year street sweeper lease . No additional capital investment for stormwater - related improvements is included in the proposed FY 202 6 Budget.  No change is proposed to the current Storm Water Utility Residential Equivalent Based An nual Charge . SEWER UTILITY FUND Total FY 20 2 6 Sewer Utility spending is proposed at $2, 216,000 . This represents a decrease of approximately $ 396,000 or 22 % from FY 20 2 5 ($ 2,216,100 ) . Operating and maintenance expenditures for the Sewer Utility are projected to increase due to increased demand for wastewater services . Higher strength industrial surcharges are estimated to increase by $405,000 to $7 2 0,000 in 2026 . Outlays for capital project completion and equipment replacement are projected at $202,000 for FY 2026. Major expenditures include $150,000 for sewer main lining or replacement ($150,000) and replacement of a Sewer Utility service vehicle ($50,000) . T he Wastewater Utility Fund will continue to reimburse the City’s General Fund for administrative support services in 202 5 . The amount of reimbursement is increased by $25,000 from the 20 25 level ($300,000) due to increasing support provided the Utility upon assuming responsibility for wastewater billing . This amount has been budgeted as a 202 6 General Fund Revenue. The Wastewater Utility plans to conduct rate studies on a once every two - year basi s . This requires that the Wastewater Utility review th e current rate structure in 20 2 6 . The Wastewater Utility will continue to implement the rate increase last approved by th e Common Council in summer 2018 . The current rate structure continues to fund the transition from va riable charge s to fixed charge s for residential properties. WATER UTILITY FUND Tot al FY 202 6 Water Utility spending is projected to be $2,168,400 . This represents a n increase of $110,900 or 5.4% from 2025 ($2,057,500). Operating and maintenance expenditures for the Water Utility are projected to be little or incrementally changed . Year 202 6 expenditures are driven primarily by increases in capital project spending. Capital improvement project and equipment replacement funding is projected at $452,000 and includes $450,000 for the Hyer Drive and Clark Street water main replacement . The Riverside Alley Well House Replacement Project completed in 202 5 at an estimated cost of $2.7 million . This project is funded with the proceeds of a Clean Water Fund Loan which recently closed . In 2026 the Water Utility will make principal and interest payments on this debt in the amount of $ 135,337 . Water revenue is projected to increase by $88,500 to $1,452,000 in 2026 due to strong demand from residential and industrial users . 13 The Water Utility plans to conduct a rate study beginning 202 5 with completion scheduled for 202 6 . The last rate adjustment was in 2016 following the closure of the Tyson Meat Processing Facility which resulted in a loss of significant water revenue . Because the Wisconsin Public Service Commission regulates the Water Utility , there will likely be a rate case which will have to be prepared and submitted by the Utility. Baker Tilly will be preparing the Utility’s rate analysis and submitting any rate review request authorized by the City Council SHARED TAXI RIDE FUND The Shared Taxi Ride Fund will require a significant transfer of funds from the General Fund to balance financial operations in 2026 . The transfer is anticipated to be approximately $90,000 based upon current system ridership and federal/state intergovernmental assistance . The transfer of funds from the General Fund results in less available funding for the City’s operating departments . Most City services are funded from the General Fund, including police, fire, EMS, and public works operations . Staff are beginning to review the current taxi operating hours and will likely recommend that hours be reallocated to periods of the day when ridership is at its highest . In the event a reallocation of hours strategy fails to address the financial shortfall it is likely that the final recourse available to the City would be a reduction in service hours. CIVIC PROMOTION FUND Beginning in FY 2016 e xpenditures for civic promotions and community events are no longer funded in the General Fund . A new Civic Promotion Fund was created to account for these activities and their resulting expenditures . Funding for civic promotions and community events is proposed at $ 51, 3 00 in 20 2 6 . The breakdown of project funding is as follows :  Fireworks - $21,000 (a ssumes Festival Foods $14,000 fireworks contribution)  Community Events - $ 2 4 ,400  Legion/VFW Flag Program - $1,0 00  Memorial Day Program - $500  National Night Out - $ 2, 7 00 (expenditures offset by contributions and sponsorship fees)  Rotary Park Flag Replacement - $ 7 00  Historical Society/Museum - $1,000 POLICY RECOMMENDATIONS With the improvisation of strict levy limits in 20 10 , the anticipation that future State of Wisconsin Biennium Budget s will include a continuation of strict levy limits, and the persistence of current economic conditions into 202 6 , and perhaps some years beyond, Wisconsin local governments face an uphill battle to maintain current service levels. Simply said, local governments, including the City of Jefferson, for an interim period , may not be able to generate the revenue necessary to preserve future service levels . The following policy recommendations are identified for your consideration . While these 14 issues may not necessarily create an immediate, direct financial impact in 202 6 , they nonetheless merit consideration for implementation at some future point. Tax Increment District #5 Donor District Designation  Planning for the eventual redevelopment of the former Tyson Meat Processing Property (1 Rock River Road Redevelopment Project) will include a large outlay of City finances to address, environmental remediation, demolition, and floodplain removal conditions . This will necessitate that City create a new tax increment district in 2026 . At the same time, the City may designate existing Tax Increment District #5 a donor district to provide tax increment assistance to the 1 Rock River Road Redevelopment Project . The amount of assistance is estimated to be approximately $3.5 million . This would be the best strategy to further the City’s redevelopment objectives for this important project. Review of Labor Market and its Impact on Employee Compensation  The City Council will soon review the results of the Carlson - Dettman Limited Labor Market Analysis . Should the analysis conclude that certain City positions have fallen behind the labor market, the City can adjust its compensation plan to address inequalities . The FY 2026 Budget does include funding for additional pay should the City decide to do so . In terms of employee recruitment and retention it is imperative that the City remain wage/salary competitive with local labor market conditions. Increase Funding Capital Improvement Project and Equipment Replacement Fund  The FY 2026 Budget includes a tax - levy increase of $100,000 for capital purposes. The capital tax levy is proposed at $616,000 for 2026 . Inflationary pressures have pushed costs to a degree, that without additional funding projects and equipment replacement schedules will be delayed or require additional borrowing. As a long - term strategy the City should attempt to increase funding for capital projects and equipment replacement if available and not negatively impactful to its ability to fund operations . Fire Department and EMS Service Consolidation  With approval of the Fire Department Referendum this past April, the City should continue steps to begin the consolidation of the Fire Department and Emergency Services Department . As the Referendum will allow the City to begin the transition to full - time firefighter/paramedics it seems appropriate to place personnel working in both departments under a unified command structure . The Common Council is strongly urged to consider this consolidation. Numerous organizational, operational, and financial issues will need to be resolved prior to operational which will involve both time and thoughtful consideration. 15 Review Wastewater and Water Rate Analysis  The City should anticipate conducting a review of existing water and wastewater rates. C ompleting this rate analysis in 202 6 will ensure an adequate revenue base required to offset system expenditures . This is particularly important for the Wastewater Utility as the City will be forced to undertake a significant financial investment to address its aging and largely obsolete wastewater treatment plant infrastructure. Health Insurance Changes  The City will need to determine future Health Savings Account employer contributions beginning 202 6 . The level of contribution for 202 6 is budgeted at the same level as 20 2 5 . Beginning 2021 the City beg a n to reduce the amount of reimbursement as Dean Health Care HMO insurance costs increase . Determining future HSA contribution rate s as early as possible in 202 6 will assist employees in their health insurance needs planning. Expenditure Restraint Base Protection  I n prior years, the City has taken steps to increase its expenditure restraint base during y ears where expenditures fall below expenditur e restrictions . This practice protect s the City’s future expenditure restraint base and provide s a cushion to fund services below expenditure restraint limits . The City has participated in the p rogram for many years , and it presently qualifies for an additional $ 105,075 annual shared revenue payment . If for any reason expenditures exceed the expenditure restraint base t he City will lose these funds. While the 2 02 6 expenditure restraint threshold has not been released by the Wisconsin Department of Revenue, it is expected that the new expenditure threshold will continue to be historically high due to a high inflationary environment . Our current estimate is that the expenditure restraint payment threshold will be approximately 5.86 % . Proposed FY 202 4 Budget expenditure growt h is currently projected at 5.86 % . The Common Council can adjust the contingency appropriation either up or down to accommodate the City’s expenditure threshold once known. SUMMARY COMMENTS The propos ed FY 202 6 Budget is a basic framework to begin discussions regarding City resources, priorities, and objectives. City staff and I look forward to discussing the proposed FY 202 6 Budget with the Finance Committee during their work sessions. The F inance Committee Budget Hearing ha s been scheduled for Monday , October 20 , 202 6 . I would invite all the members of the Common Council to attend th is work session 16 as it afford s elected leaders the best opportunity to provide input into the budget development process. Timothy J. Freitag Administrator Summary of Revenues and Expenditures All Funds CITY OF JEFFERSON 2026 GENERAL FUND 2024 2025 2026 7 MONTHS ACTUAL BUDGET ACTUAL PROJECTED APPROVED BEGINNING BALANCE 2,895,402 REVENUES Taxes 4,425,653 4,525,325 3,974,339 4,367,250 788,600 Intergovernmental Revenues 1,583,160 1,594,935 818,620 1,719,025 1,767,575 Licenses and Permits 535,508 217,900 262,520 314,200 274,700 Fines, Forfeits, and Permits 117,939 135,000 64,107 126,000 126,000 Public Charges for Services 1,160,864 809,800 531,950 946,650 937,300 Intergovernmental Service Fee 223,995 225,000 227,386 265,650 290,650 Interest & Misc. Revenues 193,467 125,125 90,138 168,625 154,625 Contribution from Fund Balance 0 345,000 0 354,125 154,000 TOTAL REVENUES: 8,240,586 7,978,085 5,969,060 8,261,525 4,493,450 Transfers From Utilities 353,825 354,125 0 354,125 380,825 Transfers To Other Funds (1,080,850) (1,313,575) 0 (1,277,725) (1,296,825) TOTAL AVAILABLE FUNDS 7,513,561 7,018,635 5,969,060 7,337,925 3,577,450 EXPENSES ELECTED REPRESENTATION Expenses 21,386 76,425 46,693 83,500 78,350 2.52% TOTAL ELECTED REPRESENTATION 21,386 76,425 46,693 83,500 78,350 MUNICIPAL COURT Expenses 51,875 57,075 32,093 56,725 57,400 0.57% TOTAL MUNICIPAL COURT 51,875 57,075 32,093 56,725 57,400 CITY ATTORNEY Expenes 65,566 60,000 35,123 65,000 60,000 0.00% TOTAL CITY ATTORNEY 65,566 60,000 35,123 65,000 60,000 GENERAL ADMINISTRATION Expenses 564,305 650,850 452,909 727,085 751,800 15.51% TOTAL GENERAL ADMINISTRATION 564,305 650,850 452,909 727,085 751,800 CITY HALL Expenses 3,463 52,600 61,711 53,000 53,000 0.76% TOTAL CITY HALL 3,463 52,600 61,711 53,000 53,000 INSURANCE Expenses 207,020 198,225 42,143 212,700 211,900 6.90% TOTAL INSURANCE 207,020 198,225 42,143 212,700 211,900 GENERAL MISCELLANEOUS Expenses 131,323 445,660 178,938 358,625 406,350 -8.82% TOTAL GENERAL MISCELLANEOUS 131,323 445,660 178,938 358,625 406,350 POLICE DEPARTMENT Expenses 1,895,033 2,145,450 1,094,140 1,768,110 2,229,950 3.94% TOTAL POLICE DEPARTMENT 1,895,033 2,145,450 1,094,140 1,768,110 2,229,950 FIRE DEPARTMENT Expenses 225,984 286,500 124,514 271,050 285,500 -0.35% TOTAL FIRE DEPARTMENT 225,984 286,500 124,514 271,050 285,500 CODE ENFORCEMENT Expenses 115,323 106,250 84,903 189,750 151,250 42.35% TOTAL CODE ENFORCEMENT 115,323 106,250 84,903 189,750 151,250 EMERGENCY MEDICAL SERV Expenses 1,006,434 876,300 431,445 762,920 892,300 1.83% TOTAL EMS 1,006,434 876,300 431,445 762,920 892,300 MACHINES & EQUIPMENT Expenses 115,624 216,050 119,264 210,800 230,425 6.65% TOTAL MACHINES & EQUIPMENT 115,624 216,050 119,264 210,800 230,425 ENGINEERING/PW ADMINISTRATION Expenses (20,035) 127,925 42,992 129,850 106,725 -16.57% TOTAL ENGINEER/PW ADMINISTRN (20,035) 127,925 42,992 129,850 106,725 STREET AND HIGHWAY MAINT. Expenses 769,838 804,025 464,056 794,525 843,200 4.87% TOTAL STREET & HIGHWAY MAINT. 769,838 804,025 464,056 794,525 843,200 VFW/RECREATION CENTER Expenses 7,108 11,600 7,017 12,100 12,100 4.31% TOTAL MUSEUM 7,108 11,600 7,017 12,100 12,100 RECREATION DEPARTMENT Expenses 256,453 257,500 162,183 283,266 226,250 -12.14% TOTAL RECREATION DEPARTMENT 256,453 257,500 162,183 283,266 226,250 SENIOR CENTER Expenses 117,140 120,475 70,812 121,565 124,200 3.09% TOTAL SENIOR CENTER 117,140 120,475 70,812 121,565 124,200 AQUATIC CENTER Expenses 50,553 74,950 43,844 87,085 77,000 2.74% TOTAL AQUATIC CENTER 50,553 74,950 43,844 87,085 77,000 PARK MAINTENANCE Expenses 314,642 359,225 179,280 329,065 365,175 1.66% TOTAL PARK MAINTENANCE 314,642 359,225 179,280 329,065 365,175 FORESTRY Expenses 59,152 91,550 36,923 80,715 96,650 5.57% TOTAL FORESTRY 59,152 91,550 36,923 80,715 96,650 TOTAL FUND REVENUES 8,594,411 8,332,210 5,969,060 8,615,650 4,874,275 TOTAL FUND EXPENSES W/ TRANSFERS 7,039,037 8,332,210 3,710,983 7,875,161 8,556,350 (4,062,900) 3,682,075 2,895,402 0 FUND SURPLUS (DEFICIT) PROPERTY TAX LEVY ENDING FUND BALANCE 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2025 2026 BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET BUDGET PROJECTED BUDGET REVENUES GENERAL FUND 6,119,210 6,344,280 6,524,965 6,819,700 6,875,900 6,970,550 7,079,300 7,227,675 7,651,000 8,332,210 8,261,525 8,562,350 WATER UTILITY FUND 1,910,850 1,906,600 2,299,900 4,618,350 2,057,500 2,098,025 2,168,400 SANITARY SEWER FUND 2,121,375 1,637,000 1,650,000 1,767,150 2,477,025 2,486,750 1,739,000 1,862,450 1,800,500 1,820,100 2,242,975 2,216,100 STORM WATER FUND 805,100 350,500 375,500 580,625 378,300 378,300 378,300 378,300 378,000 378,000 392,700 391,000 CAPITAL IMPROVEMENT/EQUIPMENT FUND 948,600 710,450 710,600 1,092,000 2,035,500 1,664,000 2,245,650 1,198,000 2,935,650 886,000 929,925 1,092,000 TAX INCREMENT DISTRICT #2 TAX INCREMENT DISTRICT #4 27,075 28,075 29,300 37,000 92,150 TAX INCREMENT DISTRICT #5 280,150 733,825 292,350 935,350 1,089,900 343,000 303,025 413,300 457,225 515,325 606,275 625,775 TAX INCREMENT DISTRICT #6 157,300 160,775 160,825 173,000 185,950 174,350 173,980 157,450 195,525 TAX INCREMENT DISTRICT #7 82,150 135,400 210,750 224,275 254,925 242,600 231,300 253,675 275,400 333,400 366,325 301,950 TAX INCREMENT DISTRICT #8 3,550 3,675 18,675 17,375 16,725 299,675 138,000 175,775 172,650 321,450 196,925 TAX INCREMENT DISTRICT #9 2,650 81,925 120,850 129,225 167,400 195,475 171,300 TAX INCREMENT DISTRICT #10 42,725 7,950 68,175 145,625 TAX INCREMENT DISTRICT #11 3,529,875 3,579,875 566,100 DEBT SERVICE FUND 751,850 799,575 819,825 947,075 952,100 942,500 970,500 1,013,450 999,050 1,252,250 1,253,225 1,096,000 RECYCLING FUND 484,725 489,225 489,225 489,225 542,300 543,700 565,900 616,900 617,875 635,725 635,725 639,400 SPECIAL REVENUE FUNDS 166,350 166,350 186,750 186,750 376,900 117,025 218,275 218,275 189,850 296,375 221,075 310,575 CAPITAL PROJECTS FUNDS 90,275 160,900 124,600 124,600 733,000 77,400 79,525 79,525 87,150 110,175 77,975 100,075 PUBLIC LIBRARY FUND 538,575 553,525 566,500 559,500 619,150 582,600 600,650 604,025 677,525 701,225 703,400 716,750 PUBLIC SAFETY REFERENDUM 624,000 591,000 605,000 TOTAL REVENUES 12,572,735 12,273,430 12,144,865 13,954,925 16,630,475 16,453,000 16,873,605 16,581,775 21,230,825 21,820,160 22,545,125 19,905,325 EXPENDITURES General Fund 6,119,210 6,344,280 6,524,965 6,819,700 6,875,900 6,970,550 7,079,300 7,227,675 7,651,000 8,332,210 7,875,161 8,562,350 Water Utility Fund 985,075 1,906,600 1,899,900 4,618,350 2,057,500 1,870,500 2,168,400 Sanitary Sewer Fund 2,121,375 1,637,000 1,650,000 1,767,150 2,477,025 2,486,750 1,739,000 1,862,450 1,800,500 1,820,100 1,919,725 2,216,100 Storm Water Fund 805,100 350,500 375,500 580,625 378,300 378,300 378,300 378,300 378,000 378,000 583,150 391,000 Capital Improvement/Equipment Fund 948,600 710,450 710,600 1,092,000 2,035,500 1,664,000 2,245,650 1,198,000 2,935,650 886,000 1,054,960 1,092,000 Tax Increment District #2 Tax Increment District #4 27,075 28,075 29,300 37,000 92,150 Tax Increment District #5 280,150 733,825 292,350 935,350 1,089,900 343,000 303,025 413,300 457,225 515,325 300,200 625,775 Tax Increment District #6 157,300 160,775 160,825 173,000 185,950 174,350 173,980 157,450 195,525 Tax Increment District #7 82,150 135,400 210,750 224,275 254,925 242,600 231,300 253,675 275,400 333,400 605,775 301,950 Tax Increment District #8 3,550 3,675 18,675 17,375 16,725 299,675 138,000 175,775 172,650 173,000 196,925 Tax Increment District #9 - - 2,650 81,925 120,850 129,225 167,400 79,950 171,300 Tax Increment District #10 42,725 7,950 7,950 145,625 Tax Increment District #11 3,529,875 3,524,875 566,100 Debt Service Fund 751,850 799,575 819,825 947,075 952,100 942,500 970,500 1,013,450 999,050 1,252,250 125,050 1,096,000 Recycling Fund 484,725 489,225 489,225 489,225 542,300 543,700 565,900 616,900 617,875 635,725 612,450 639,400 Special Revenue Funds 166,350 166,350 186,750 186,750 376,900 117,025 218,275 218,275 189,850 296,375 296,940 310,575 Capital Projects Funds 90,275 160,900 124,600 124,600 733,000 77,400 79,525 79,525 87,150 110,175 98,250 100,075 Public Library Fund 538,575 553,525 566,500 559,500 619,150 582,600 600,650 604,025 677,525 701,225 718,100 716,750 Public Safety Referendum 624,000 590,775 605,000 TOTAL GENERAL GOVERNMENT EXPENDITURES 12,572,735 12,273,430 12,144,865 13,954,925 16,630,475 15,527,225 16,873,605 16,181,775 21,230,825 21,820,160 20,436,811 19,905,325 CITY OF JEFFERSON ALL FUNDS BUDGET 2026 Property Tax Levy And Rate Calculation BUDGET MEMO 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Equalized Value 481,758,700 481,469,500 521,951,000 535,314,100 573,134,000 602,460,400 660,914,000 747,576,000 814,604,800 895,548,000 938,543,300 Less TID Value 19,845,800 23,339,300 27,176,600 29,736,800 31,491,000 32,157,300 36,638,000 45,566,800 56,877,800 66,078,500 81,182,200 Total Equalized Value Reduced by TID 461,912,900 458,130,200 494,774,400 505,577,300 541,643,000 570,303,100 624,276,000 702,009,200 757,727,000 829,469,500 857,361,100 Assessment Ratio 100.63% 102.45% 98.57% 97.94% 96.93% 99.20% 93.85% 94.07% 99.92% 90.57% 105.15% Total Estimated Assessed Value Reduced by TID 464,837,029 469,537,642 487,699,126 501,308,018 524,997,788 565,728,445 619,736,598 703,208,755 757,107,802 748,201,202 905,692,083 * Gross City Tax Rate -- 9.070 9.129 9.025 8.923 8.584 7.979 7.814 7.014 6.796 7.034 5.928 Property Tax Levy -- 4,214,075 4,286,525 4,345,275 4,473,025 4,506,575 4,514,225 4,574,675 4,631,900 5,145,350 5,264,475 5,344,400 PROPERTY TAX LEVY AND RATE CALCULATION FY 2026 BUDGET CITY OF JEFFERSON General Fund Revenues and Expenditures Water Utility Fund Revenues and Expenditures Sanitary Sewer Service Fund Revenues and Expenditures Storm Water Management System Fund Revenues and Expenditures Special Fund Revenues and Expenditures Housing Fund Revenues and Expenditures Shared Ride Taxi Fund Revenues and Expenditures Refuse/Recycling Program Fund Revenues and Expenditures Loan Fund Revenues and Expenditures Tax Incremental District #5 Revenues and Expenditures Tax Incremental District #7 Revenues and Expenditures Tax Incremental District #8 Revenues and Expenditures Tax Incremental District #9 Revenues and Expenditures Tax Incremental District #10 Revenues and Expenditures Tax Incremental District #11 Revenues and Expenditures Tax Incremental District #12 Revenues and Expenditures Debt Service Revenues and Expenditures Civic Promotion Fund Revenues and Expenditures Cemetery Association Fund Revenues and Expenditures Park Development Fund Revenues and Expenditures Redevelopment Fund Revenues and Expenditures Public Library Fund Revenues and Expenditures Cable Television Fund Revenues and Expenditures River Improvement Fund Revenues and Expenditures Land Acquisition Fund Revenues and Expenditures Fire and EMS Referendum Fund Revenues and Expenditures GIS Revenues and Expenditures Capital Improvement and Equipment Replacement Fund Revenues and Expenditures ATTACHMENT A ADMINISTRATIVE SUPPORT X = PERSONNEL City Administrator 192,716 $ 5.0% 9,636 $ Finance Director 148,151 $ 5.0% 7,408 $ Public Works Director 172,510 $ 8.0% 13,801 $ TOTAL PERSONNEL COST 513,377 $ 30,844 $ CONTRACTUAL EXPENSES 31,750 $ 7.0% 2,223 $ CITY HALL CONTRACTUAL EXPENSES 53,000 $ 7.0% 3,710 $ CITY ATTORNEY 60,000 $ 7.0% 4,200 $ INSURANCE 211,900 $ 7.0% 14,833 $ TOTAL COST FOR STORM SEWER ADMINISTRATIVE SUPPORT 55,810 $ 55,825 $ ADMIN/GENERAL ALLOCATION EXPENSES Elective Representation-Legal 29,250 $ Administration 126,750 $ City Hall 48,750 $ Engineering 107,250 $ BLDG & Equip Maintenance 13,000 $ 325,000 $ TOTAL COST FOR WASTEWATER ADMINISTRATIVE SUPPORT 325,000 $ Storm Sewer Administrative Support 2026 Salary & Benefits Percent of Cost to Storm Sewer Fund Wastewater Administrative Support Cost to Wastewater Fund ATTACHMENT B CAPITAL OUTLAY DETAIL CAPITAL OUTLAY DETAIL Department Description Capital Improvement Fund Wastewater Fund Storm Sewer Fund Other/Water Total All Funds Administration/Elections Comp/Soft. Upgrades -440 4,000.00 $ - $ - $ - $ 4,000.00 $ Paperless Packet Replacement -440 15,000.00 $ - $ - $ - $ 15,000.00 $ Copier Lease- 440 4,000.00 $ - $ - $ - $ 4,000.00 $ TOTAL ADMINISTRATION 23,000.00 $ - $ - $ - $ 23,000.00 $ Police Department Comp/Soft. Upgrades -410 6,000.00 $ - $ - $ - $ 6,000.00 $ Police Vehicle Replacement- 411 47,000.00 $ - $ - $ - $ 47,000.00 $ Police Vehicle Equipment/Setup- 411 16,000.00 $ - $ - $ - $ 16,000.00 $ Body Cameras (Yr 5 of 5)- 410 15,000.00 $ - $ - $ - $ 15,000.00 $ Body Armor- 410 7,000.00 $ - $ - $ - $ 7,000.00 $ TOTAL POLICE DEPARTMENT 91,000.00 $ - $ - $ - $ 91,000.00 $ Fire Department Turn Out Gear Replacement- 430 21,000.00 $ - $ - $ - $ 21,000.00 $ EV Fire Supression Equipment- 430 6,000.00 $ - $ - $ - $ 6,000.00 $ Comp/Soft. Upgrades- 430 2,000.00 $ - $ - $ - $ 2,000.00 $ TOTAL FIRE DEPARTMENT 29,000.00 $ - $ - $ - $ 29,000.00 $ EMS Department Lucas Compression System- 420 20,000.00 $ - $ - $ - $ 20,000.00 $ Stryker Power Cot- 420 20,000.00 $ - $ - $ - $ 20,000.00 $ Comp/Soft. Upgrades- 420 6,000.00 $ - $ - $ - $ 6,000.00 $ TOTAL EMS DEPARTMENT 46,000.00 $ - $ - $ - $ 46,000.00 $ Public Works Department Comp/Soft. Upgrades- 460 2,000.00 $ 2,000.00 $ Plow with Spreader- 460 300,000.00 $ - $ - $ - $ 300,000.00 $ Street Resurfacing Program- 461 - $ 150,000.00 $ 50,000.00 $ 750,000.00 $ 950,000.00 $ Sidewalk Repair Program- 461 30,000.00 $ 30,000.00 $ TOTAL PUBLIC WORKS DEPARTMENT 332,000.00 $ 150,000.00 $ 50,000.00 $ 750,000.00 $ 1,282,000.00 $ Parks & Rec Department Computer/Soft. Upgrades- 480 2,000.00 $ - $ - $ - $ 2,000.00 $ Riverfront Diamond Lighting- 451 - $ - $ - $ 100,000.00 $ 100,000.00 $ Aquatic Center Feasiblity Study- Fund 43 - $ - $ - $ 20,000.00 $ 20,000.00 $ Mower Replacement (2)- 450 - $ - $ - $ 50,000.00 $ 50,000.00 $ TOTAL PARKS & REC DEPARTMENT 2,000.00 $ - $ - $ 170,000.00 $ 172,000.00 $ Library Department Comp/Soft. Upgrades- 471 6,000.00 $ 6,000.00 $ TOTAL LIBRARY 6,000.00 $ - $ - $ - $ 6,000.00 $ Wastewater Department Pick-up Truck 50,000.00 $ - $ - $ - $ 50,000.00 $ Comp/Soft. Upgrades- Fund 5 2,000.00 $ - $ - $ - $ 2,000.00 $ TOTAL WASTEWATER DEPARTMENT 52,000.00 $ - $ - $ - $ 52,000.00 $ Storm Sewer Department Street Sweeper Lease- Fund 6 33,500.00 $ - $ - $ - $ 33,500.00 $ TOTAL WASTEWATER DEPARTMENT 33,500.00 $ - $ - $ - $ 33,500.00 $ Water Utility Comp/Soft. Upgrades- Fund 4 2,000.00 $ - $ - $ - $ 2,000.00 $ SUV Replacement- Fund 4 - $ - $ - $ - $ - $ TOTAL WASTEWATER DEPARTMENT 2,000.00 $ - $ - $ - $ 2,000.00 $ TOTAL CAPITAL OUTLAY 614,500.00 $ 150,000.00 $ 50,000.00 $ 920,000.00 $ 1,736,500.00 $ 2026 DISTRIBUTION ATTACHMENT C DEBT SERVICE SCHEDULE City of Jefferson, Wisconsin Schedule of Bonded Indebtedness General Obligation Debt Secured by Taxes (As of 08/29/2025) 35494 35494 38960 38960 331931 335411 331932 335412 335003 341279 Dated Amount Maturity Fiscal Year Ending Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest 2025 0 0 0 0 0 22,093 0 3,155 250,000 10,000 2026 50,000 11,000 54,000 15,872 75,000 43,135 70,000 5,330 250,000 15,000 2027 50,000 8,250 56,025 13,847 80,000 40,885 70,000 3,300 250,000 10,000 2028 50,000 5,515 58,094 11,778 85,000 38,410 75,000 1,125 250,000 5,000 2029 50,000 2,750 60,305 9,567 85,000 35,754 2030 62,566 7,306 90,000 32,910 2031 64,912 4,959 95,000 29,785 2032 67,340 2,532 100,000 26,373 2033 100,000 22,798 2034 105,000 19,056 2035 105,000 15,145 2036 110,000 11,060 2037 115,000 6,728 2038 115,000 2,243 2039 2040 2041 2042 2043 2044 200,000 27,515 423,243 65,860 1,260,000 346,373 215,000 12,910 1,000,000 40,000 --Continued on next page Promissory Notes Series 2019A 11/20/2019 $2,265,000 11/01 Promissory Notes Series 2018B 11/01/2018 $680,000 03/01 Police Facility Bonds Series 2018A 11/01/2018 $1,770,000 03/01 State Trust Fund Loan Series 2013 03/12/2013 $866,550 03/15 State Trust Fund Loan (BAB) Series 2009 10/07/2009 $950,000 03/15 City of Jefferson, Wisconsin Schedule of Bonded Indebtedness continued General Obligation Debt Secured by Taxes (As of 08/29/2025) 339391 348671 340046 350859 340591 353355 341443 355695 341973 357288 Dated Amount Maturity Fiscal Year Ending Principal Interest Principal Interest Principal Interest Principal Interest Principal Interest 2025 0 0 0 0 0 18,731 0 14,641 0 48,575 2026 180,000 35,915 22,353 12,056 280,000 33,263 40,000 28,583 460,000 85,650 2027 190,000 30,365 23,247 11,162 130,000 27,113 80,000 26,483 165,000 70,025 2028 205,000 24,440 24,149 10,260 100,000 23,738 110,000 23,158 160,000 61,900 2029 215,000 19,215 25,143 9,266 125,000 20,531 110,000 19,253 155,000 54,025 2030 235,000 15,890 26,149 8,260 100,000 17,250 110,000 15,293 155,000 46,275 2031 165,000 13,890 27,195 7,214 115,000 14,025 115,000 11,156 160,000 38,400 2032 185,000 12,140 28,266 6,143 100,000 10,800 120,000 6,750 160,000 30,400 2033 195,000 10,143 29,413 4,996 100,000 7,750 120,000 2,250 160,000 23,200 2034 215,000 7,780 30,590 3,819 100,000 4,650 100,000 18,000 2035 230,000 4,995 31,814 2,596 100,000 1,550 100,000 14,000 2036 250,000 1,750 33,082 1,327 100,000 10,000 2037 100,000 6,000 2038 100,000 2,000 2039 2040 2041 2042 2043 2044 2,265,000 176,523 301,402 77,101 1,250,000 179,400 805,000 147,565 2,075,000 508,450 --Continued on next page Corporate Purpose Bonds Series 2024A 03/07/2024 $2,515,000 03/01 Promissory Notes Series 2023A 06/01/2023 $845,000 03/01 Street Improvement Bonds Series 2022A 05/25/2022 $2,150,000 03/01 State Trust Fund Loan Series 2021 04/27/2021 $384,250 03/15 Corporate Purpose Bonds Series 2021A 02/04/2021 $2,695,000 02/01 City of Jefferson, Wisconsin Schedule of Bonded Indebtedness continued General Obligation Debt Secured by Taxes (As of 08/29/2025) 342247 358149 Dated Amount Maturity Fiscal Year Ending Principal Interest Total Principal Total Interest Total P & I Principal Outstanding % Paid Fiscal Year Ending 2025 0 211,400 250,000 328,595 578,595 18,814,645 1.31% 2025 2026 140,000 419,300 1,621,354 705,103 2,326,456 17,193,291 9.82% 2026 2027 175,000 411,425 1,269,273 652,854 1,922,126 15,924,019 16.47% 2027 2028 190,000 402,300 1,307,243 607,623 1,914,866 14,616,775 23.33% 2028 2029 200,000 392,550 1,025,448 562,911 1,588,359 13,591,327 28.71% 2029 2030 295,000 380,175 1,073,715 523,359 1,597,074 12,517,612 34.34% 2030 2031 310,000 365,050 1,052,107 484,480 1,536,587 11,465,505 39.86% 2031 2032 345,000 348,675 1,105,606 443,813 1,549,419 10,359,899 45.66% 2032 2033 360,000 331,050 1,064,413 402,186 1,466,599 9,295,486 51.24% 2033 2034 415,000 311,675 965,590 364,981 1,330,571 8,329,896 56.31% 2034 2035 530,000 288,050 1,096,814 326,336 1,423,149 7,233,082 62.06% 2035 2036 565,000 263,500 1,058,082 287,637 1,345,719 6,175,000 67.61% 2036 2037 590,000 240,031 805,000 252,759 1,057,759 5,370,000 71.83% 2037 2038 615,000 214,794 830,000 219,036 1,049,036 4,540,000 76.19% 2038 2039 680,000 187,275 680,000 187,275 867,275 3,860,000 79.75% 2039 2040 700,000 157,513 700,000 157,513 857,513 3,160,000 83.42% 2040 2041 745,000 125,438 745,000 125,438 870,438 2,415,000 87.33% 2041 2042 770,000 91,350 770,000 91,350 861,350 1,645,000 91.37% 2042 2043 805,000 55,913 805,000 55,913 860,913 840,000 95.59% 2043 2044 840,000 18,900 840,000 18,900 858,900 0 100.00% 2044 9,270,000 5,216,363 19,064,645 6,798,059 25,862,703 Promissory Notes Series 2024B 06/20/2024 $9,270,000 03/01 City of Jefferson, Wisconsin Schedule of Bonded Indebtedness Revenue Debt Secured by Electric Revenues (As of 08/29/2025) 342430 358099 Dated Amount Maturity Fiscal Year Ending Principal Interest Total Principal Total Interest Total P & I Principal Outstanding % Paid Fiscal Year Ending 2025 16,667 0 16,667 0 16,667 420,833 3.81% 2025 2026 50,000 0 50,000 0 50,000 370,833 15.24% 2026 2027 50,000 0 50,000 0 50,000 320,833 26.67% 2027 2028 50,000 0 50,000 0 50,000 270,833 38.10% 2028 2029 50,000 0 50,000 0 50,000 220,833 49.52% 2029 2030 50,000 0 50,000 0 50,000 170,833 60.95% 2030 2031 50,000 0 50,000 0 50,000 120,833 72.38% 2031 2032 50,000 0 50,000 0 50,000 70,833 83.81% 2032 2033 50,000 0 50,000 0 50,000 20,833 95.24% 2033 2034 20,833 0 20,833 0 20,833 0 100.00% 2034 437,500 0 437,500 0 437,500 WPPI Promissory Note Note 05/24/2024 $500,000 Monthly City of Jefferson, Wisconsin Schedule of Bonded Indebtedness Revenue Debt Secured by Electric, Sewer, and Water Revenues (As of 08/29/2025) 326939 327216 328428 330379 335345 350607 341916 356596 Dated Amount Maturity Fiscal Year Ending Principal Interest Principal Interest Principal Interest Principal Interest Total Principal Total Interest Total P & I Principal Outstanding % Paid Fiscal Year Ending 2025 0 4,420 0 6,450 0 3,015 0 21,644 0 35,529 35,529 3,427,278 .00% 2025 2026 61,904 8,243 90,000 11,865 75,000 5,674 93,046 42,291 319,950 68,072 388,022 3,107,328 9.34% 2026 2027 63,095 7,040 90,000 9,548 80,000 4,938 95,042 40,273 328,137 61,798 389,935 2,779,191 18.91% 2027 2028 64,310 5,814 95,000 6,911 80,000 4,058 97,080 38,213 336,390 54,995 391,386 2,442,801 28.72% 2028 2029 65,548 4,564 95,000 4,204 80,000 3,058 99,163 36,108 339,711 47,933 387,644 2,103,090 38.64% 2029 2030 66,810 3,290 100,000 1,425 80,000 1,938 101,290 33,958 348,100 40,611 388,710 1,754,990 48.79% 2030 2031 68,096 1,992 85,000 659 103,462 31,762 256,558 34,412 290,971 1,498,432 56.28% 2031 2032 69,407 668 105,682 29,519 175,088 30,187 205,276 1,323,344 61.39% 2032 2033 107,949 27,228 107,949 27,228 135,177 1,215,395 64.54% 2033 2034 110,264 24,888 110,264 24,888 135,152 1,105,131 67.75% 2034 2035 112,629 22,497 112,629 22,497 135,126 992,502 71.04% 2035 2036 115,045 20,055 115,045 20,055 135,100 877,457 74.40% 2036 2037 117,513 17,561 117,513 17,561 135,074 759,944 77.83% 2037 2038 120,033 15,013 120,033 15,013 135,047 639,911 81.33% 2038 2039 122,608 12,411 122,608 12,411 135,019 517,302 84.91% 2039 2040 125,238 9,753 125,238 9,753 134,991 392,064 88.56% 2040 2041 127,924 7,038 127,924 7,038 134,962 264,140 92.29% 2041 2042 130,668 4,264 130,668 4,264 134,933 133,471 96.11% 2042 2043 133,471 1,431 133,471 1,431 134,903 0 100.00% 2043 459,170 36,030 470,000 40,403 480,000 23,338 2,018,108 435,909 3,427,278 535,679 3,962,956 1) Pursuant to the Wisconsin Capital Finance Office, Project No. 5463-06, the amount of disbursements as of August 29, 2025, is $1,889,499.77. Sewer, Water & Elec Sys Rev Bds (SDWFL) 1) Series 2023 09/27/2023 $2,198,379 05/01 Sewer, Water & Electric SysRevenue Bonds Series 2021B 08/11/2021 $775,000 05/01 Taxable Revenue Refunding Bonds Series 2016A 07/26/2016 $1,470,000 05/01 Sewer, Water & ElecRevenue Bonds (SDWFL) Series 2012B 12/24/2012 $1,163,180 05/01 ATTACHMENT D AUTHORIZED CITY POSITIONS Aquatics Center-Seasonal Municipal Court 1 Manager 1 Court Clerk (60%) 5 Head Lifeguard 14 Lifeguard/Instructors 7 Concession Workers 1 Chief Crewperson 2 Crewperson Election Workers 2 Summer Help (Seasonal) 60 Workers (P/T) Police Department EMS 1 Chief 3 Firefighter/Paramedics 1 Captain 2 Paramedics 1 Lieutenant 30 Paid on Premise Paramedics/AEMT/BEMT 1 Detective 11 Patrol Officers Engineering 1 Dispatch Supervisor 1 Public Works Director 2 Dispatchers 1 Dispatcher (P/T) Fire Department-Volunteer 1 Patrol Officers (P/T) 1 Chief 5 Civilian Reserve Officers (P/T) 3 Asst. Chiefs 2 Crossing Guards (P/T) 2 Secretary/Treasurer 1 Clerical (P-T) 1 Custodian 5 Captains Public Works 27 Firefighters 1 Public Works Foreman 8 Drivers 1 Public Works Lead Crew Person 1 LTE Secretary (20 HRS. WK.) 5 PW Crew People 5 Firefighter/Paramedics 1 Fleet Manager/Chief Mechanic 1 Mechanic Attorney 2 Summer Help (Seasonal) 1 City Attorney (Contractual) Recreation General Administration 1 Director 1 Administrator 1 Supervisor 1 Finance Director/Treasurer 45 Referees, Umps, Baseball, Football, Skating Rink, 1 Clerk/Dep. Treasurer Scorekeepers,Softball, Soccer, Pool Staff 1 Deputy Clerk/Treasurer Activity Helpers-All P/T, Seasonal 3 Administrative Asst.-Gen/Rec/PW/Utility Billing *Utility Billing Clerk paid out of Water Utility Senior Center Library 1 Coordinator 1 Director 1 Youth Services Librarian Cable 1 Adult Services Librarian Ref./Tech Librarian 1 Programming Director VACANT 1 Adult Services Librarian Head of Circ/ILL (75%) 1 Assst. Programming Director 1 Adult Services Librarian/Programming/Outreach (80%) 3 Programming Assistants 1 Youth Svcs. Asst.(75%) 8 Library Asst. (P-T) WWTP/Water Utilities 1 Page (P-T) 1 Utility Director (Shared Position) 1 Chief Water/Wastewater Operator 5 Water/Wastewater Operators 1 Water/Wastewater Operators (P/T) CLASSIFICATIONS OF AUTHORIZED CITY POSITIONS 2026 Parks ATTACHMENT E COMPARATIVE TAX RATES EQUALIZEDEQUALIZED MUNICIPALITY SCHOOL TAX RATESPER 1000 $100,000 RATIO PER $1000 $100,000 TOWNS AZTALAN 1 282702JEFFERSON 0.016829971 $16.83 $1,683.00 0.7396 $12.45 $1,244.74 2 282730JOHNSON CREEK 0.018726140 $18.73 $1,872.61 $13.85 $1,384.99 3 282898LAKE MILLS 0.014494726 $14.49 $1,449.47 $10.72 $1,072.03 COLD SPRING1 281883FORT ATKINSON 0.013336758 $13.34 $1,333.68 0.9964 $13.29 $1,328.87 2 284221PALMYRA-EAGLE 0.011243762 $11.24 $1,124.38 $11.20 $1,120.33 3 646461WHITEWATER 0.011812775 $11.81 $1,181.28 $11.77 $1,177.02 CONCORD 1 282702JEFFERSON 0.013143134 $13.14 $1,314.31 0.9331 $12.26 $1,226.39 2 282730JOHNSON CREEK 0.014640202 $14.64 $1,464.02 $13.66 $1,366.08 3 674060OCONOMOWOC 0.009772019 $9.77 $977.20 $9.12 $911.83 4 286125WATERTOWN 0.010005425 $10.01 $1,000.54 $9.34 $933.61 FARMINGTON1 282702JEFFERSON 0.018340297 $18.34 $1,834.03 0.5981 $10.97 $1,096.93 2 282730JOHNSON CREEK 0.020684768 $20.68 $2,068.48 $12.37 $1,237.16 3 286125WATERTOWN 0.013426542 $13.43 $1,342.65 $8.03 $803.04 HEBRON 1 281883FORT ATKINSON 0.013625086 $13.63 $1,362.51 0.9426 $12.84 $1,284.30 2 282702JEFFERSON 0.013524108 $13.52 $1,352.41 $12.75 $1,274.78 IXONIA 1 674060OCONOMOWOC 0.010461998 $10.46 $1,046.20 0.9875 $10.33 $1,033.12 4 286125WATERTOWN 0.010683402 $10.68 $1,068.34 $10.55 $1,054.99 JEFFERSON 1 281883FORT ATKINSON 0.012859972 $12.86 $1,286.00 0.9688 $12.46 $1,245.87 2 282702JEFFERSON 0.012766324 $12.77 $1,276.63 $12.37 $1,236.80 3 282702LJEFFERSON 0.012766324 $12.77 $1,276.63 $12.37 $1,236.80 4 (L) 282702JEFFERSON 0.013055168 $13.06 $1,305.52 $12.65 $1,264.78 5 (L) 281883FORT ATKINSON 0.013418816 $13.42 $1,341.88 $0.00 $1,300.01 KOSHKONONG1 281883FORT ATKINSON 0.017933388 $17.93 $1,793.34 0.6713 $12.04 $1,203.87 2(L) 533612MILTON 0.015189283 $15.19 $1,518.93 $10.20 $1,019.66 3 646461WHITEWATER 0.015260880 $15.26 $1,526.09 $10.24 $1,024.46 4(L) 281883FORT ATKINSON 0.018350404 $18.35 $1,835.04 $12.32 $1,231.86 5(S) 281883FORT ATKINSON 0.017933388 $17.93 $1,793.34 $12.04 $1,203.87 6(S)(L) 281883FORT ATKINSON 0.018350404 $18.35 $1,835.04 $12.32 $1,231.86 LAKE MILLS 1 130896CAMBRIDGE 0.015721990 $15.72 $1,572.20 0.7373 $11.59 $1,159.18 2 282898LAKE MILLS 0.014320269 $14.32 $1,432.03 $10.56 $1,055.83 MILFORD 1 282730JOHNSON CREEK 0.020361018 $20.36 $2,036.10 0.6682 $13.61 $1,360.52 2 282898LAKE MILLS 0.015677472 $15.68 $1,567.75 $10.48 $1,047.57 3 286118WATERLOO 0.015893798 $15.89 $1,589.38 $10.62 $1,062.02 4 286125WATERTOWN 0.013863395 $13.86 $1,386.34 $9.26 $926.35 OAKLAND 1 130896CAMBRIDGE 0.012515582 $12.52 $1,251.56 0.9585 $12.00 $1,199.62 2(L) 130896CAMBRIDGE 0.013043890 $13.04 $1,304.39 $12.50 $1,250.26 3(L) 130896SCAMBRIDGE 0.013245282 $13.25 $1,324.53 $12.70 $1,269.56 4 281883FORT ATKINSON 0.013254397 $13.25 $1,325.44 $12.70 $1,270.43 5 282702JEFFERSON 0.013199442 $13.20 $1,319.94 $12.65 $1,265.17 6 282898LAKE MILLS 0.011443502 $11.44 $1,144.35 $10.97 $1,096.86 PALMYRA 1 281883FORT ATKINSON 0.021328911 $21.33 $2,132.89 0.6259 $13.35 $1,334.98 2 284221PALMYRA-EAGLE 0.016111346 $16.11 $1,611.13 $10.08 $1,008.41 3 284221LRPALMYRA-EAGLE 0.018320813 $18.32 $1,832.08 $11.47 $1,146.70 4 284221SPALMYRA-EAGLE 0.017796266 $17.80 $1,779.63 $11.14 $1,113.87 SULLIVAN 1 671376KETTLE-MORRAINE 0.017857929 $17.86 $1,785.79 0.5928 $10.59 $1,058.62 2 282702JEFFERSON 0.021627434 $21.63 $2,162.74 $12.82 $1,282.07 3 282702LJEFFERSON 0.022470904 $22.47 $2,247.09 $13.32 $1,332.08 4 674060OCONOMOWOC 0.016300440 $16.30 $1,630.04 $9.66 $966.29 5 284221PALMYRA-EAGLE 0.016279136 $16.28 $1,627.91 $9.65 $965.03 SUMNER 1 130896CAMBRIDGE 0.018960951 $18.96 $1,896.10 0.6148 $11.66 $1,165.72 2, 531568EDGERTON 0.018349488 $18.35 $1,834.95 $11.28 $1,128.13 3(L) 531568STEDGERTON 0.020180552 $20.18 $2,018.06 $12.41 $1,240.70 4(L) 531568SEDGERTON 0.020100201 $20.10 $2,010.02 $12.36 $1,235.76 5 281883FORT ATKINSON 0.020244269 $20.24 $2,024.43 $12.45 $1,244.62 6(L) 281883FORT ATKINSON 0.020699602 $20.70 $2,069.96 $12.73 $1,272.61 7(L) 531568EDGERTON 0.018804821 $18.80 $1,880.48 $11.56 $1,156.12 WATERLOO 1 282898LAKE MILLS 0.011588633 $11.59 $1,158.86 0.9382 $10.87 $1,087.25 2 286118WATERLOO 0.011741711 $11.74 $1,174.17 $11.02 $1,101.61 WATERTOWN1 282730JOHNSON CREEK 0.013372410 $13.37 $1,337.24 0.9848 $13.17 $1,316.91 2 282898LAKE MILLS 0.010316718 $10.32 $1,031.67 $10.16 $1,015.99 3 286125WATERTOWN 0.008832691 $8.83 $883.27 $8.70 $869.84 VILLAGES CAMBRIDGE 1 130896CAMBRIDGE 0.021790352 $21.79 $2,179.04 0.7591 $16.54 $1,654.11 4 130896SCAMBRIDGE 0.022455424 $22.46 $2,245.54 $17.05 $1,704.59 JOHNSON CREEK1 282730JOHNSON CREEK 0.018625422 $18.63 $1,862.54 0.8550 $15.92 $1,592.47 4 282730JOHNSON CREEK (4 TID)0.018625422 $18.63 $1,862.54 $15.92 $1,592.47 LAC LA BELLE1 674060OCONOMOWOC 0.014265396 $14.27 $1,426.54 0.7671 $10.94 $1,094.30 PALMYRA 1,4,5 284221PALMYRA-EAGLE (3,4 TID)0.015143044 $15.14 $1,514.30 0.9752 $14.77 $1,476.75 2 284221LRPALMYRA-EAGLE 0.016676417 $16.68 $1,667.64 $16.26 $1,626.28 SULLIVAN 1 282702JEFFERSON 0.015734756 $15.73 $1,573.48 0.9999 $15.73 $1,573.32 CITIES FORT ATKINSON1,2,3,4,5,6 281883FORT ATKINSON (6,7,8,9,10 TID) 0.019302109 $19.30 $1,930.21 0.9147 $17.66 $1,765.56 JEFFERSON 1,4,6,7,8,9 282702JEFFERSON(5,7,8,9, 10 TID) 0.018901219 $18.90 $1,890.12 0.9057 $17.12 $1,711.88 LAKE MILLS 1,3,4,5,6,7,8282898LAKE MILLS (3,4,5,6,7,8 TID) 0.021972619 $21.97 $2,197.26 0.6731 $14.79 $1,478.98 WATERLOO 1,4,5,6,7 286118WATERLOO (2,3,4,5 TID) 0.016331804 $16.33 $1,633.18 0.9650 $15.76 $1,576.02 WATERTOWN1,4,5,6,7,8 286125WATERTOWN (4,5,6.7,8 TID) 0.015100136 $15.10 $1,510.01 0.9981 $15.07 $1,507.14 WHITEWATER1,5,6 646461WHITEWATER (10,14 TID) 0.015064971 $15.06 $1,506.50 1.0511 $15.83 $1,583.48 COUNTY AVERAGE 0.015819331 $15.82 $1,581.93 0.8453 $12.19 $1,235.92 2024 JEFFERSON COUNTY REAL ESTATE TAX RATES