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Lake Shore: Property owners to see 9.47% hike in city property taxes

$10,500 for a long-term financial and sewer rate study from Ehlers & Associates.
2% cost-of-living increase for employees based off a poll of surrounding communities.
.6% increase for the Pine River Area Sanitary District (sewer).
2.4% increase for the audit.
$4,500 for liability insurance.
3%-5% increase for most and 10% increase for police in workers compensation insurance.
$4,000 increase for the fire contract.
$5,000 increase for road maintenance.
$130,000 for bond payments, which will increase to $165,000 in 2022.
$7,000 for council and committee member pay increases. Monthly increases are: mayor, $350 to $400; council members, $250 to $300; planning commission members, $35 to $125; and other committee members, $20 to $50.
No one from the public asked questions about the budget or levy. City Administrator Teri Hastings was at city hall while council members participated online via Zoom. ....

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Sun Prairie Utilities loan, bond issue OK'd

Sun Prairie Utilities will be able to purchase land for its new SPU facilities on Linnerud Drive and complete water and electrical line replacements in 2021, thanks to action taken Dec. 15 by the Sun Prairie City Council.
The council not only approved a resolution providing for the sale of approximately $6.77 million in Water and Light Utility Revenue Bonds, but also a $500,000 loan from Sun Prairie-based WPPI Energy to undertake water and electrical replacement projects in 2021.
The no interest loan from WPPI Energy was approved Nov. 23. Although the loan is interest-free, a one-time origination fee of $5,000, or 1% of the loan amount, will be repaid by SPU as part of the agreement. A schedule of payments shows SPU will pay back the loan in monthly installments of $4,166.67. ....

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