Important Update Regarding Property Tax Impact Estimates:
The Village would like to share two important things about the upcoming Public Aquatics Facility Referendum. First, and most importantly, be sure to VOTE on November 8th or by absentee ballot. Click here for voting information (https://www.vil.waunakee.wi.us/1077/November-8-2022-Election-Information).
Second, we would like to provide an update on the estimated cost impact of the proposed facility. When the Village Board approved the referendum question, they made assumptions based on the very best information available. One assumption related to the cost of interest in order to borrow project capital funds. We were able to estimate that if the Village moves forward with the project, the approximate impact on property taxes due to construction and operating costs is an increase of $44 per $100,000 in assessed property value. The $44 estimate included those initial interest cost assumptions.
However, recognizing that interest rates are increasing, the Village asked our professional financial advisors to reconsider the interest rate assumption and the property tax impact estimate. Their revised estimate is that the impact on property taxes is an estimated increase of $53.75 per $100,000 in assessed property value. For example, if your property is worth $350,000, the estimated property tax increase would be $188.13 ($53.75 x 3.5).
Meeting Video Recordings
Staff Summary Video
This video provides an overview of the referendum produced by Village staff and a representative with the Village's consultant - Counsilman-Hunsaker.
Public Information Meeting #1 (October 3, 2022)
This meeting was held at the same time as the regular Village Board meeting and included a presentation from Village Staff and a Q&A session from the public.
Public Information Meeting #2 (October 18, 2022)
This meeting was held virtually via Zoom and included a presentation from Village Staff and a Q&A session from the public.