Edgerton City Hall
Referendum Information
Edgerton City Hall
Referendum Information
What will the project cost?
An estimated $28.10 of the tax bill for a $100,000 property will go to pay the debt associated with the city hall. The Recent Referendum Chart (at right) compares the estimated tax impact on a $100,000 property with other recently approved referendums.
Will the City Hall project increase my taxes?
No.
The City Hall debt will, in effect, take the place of the Highway 59 debt, which will retire in 2012. Therefore, the City Hall project will not raise taxes.
Will my taxes go down if the City Hall project is not completed?
Probably not.
To keep up with failing infrastructure, the city council annually approves capital expenditures to maintain things like streets, parks and buildings . . . and the city hall is one such building. These capital projects are financed through borrowings, which re-
sult in annual debt payments similar to those of a home mortgage. Like homeowners, the city tries to keep its debt payments consistent from year to year in an effort to stabilize tax levels. If a new city hall is not constructed, other projects will become the priority, and taxes are unlikely to fall.
Operating Costs and green technology.
The proposed City Hall will be larger than the current facility and serve more functions, yet its operating costs are projected to be lower. The building layout will streamline staff functions and more logically organize the city’s departments, resulting in potential savings to staff costs while enhancing services to customers. The new building will be energy efficient, employing solar and geothermal technologies. It will also use recycled or local materials where possible to minimize environmental impact.