Mmsd Proposes 30% Budget Increase; but District Plans to Seek Just a 3% Increase in the Tax Levy

Summary

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While the Milwaukee Metropolitan Sewerage District is proposing to increase spending by 30.5% in 2007, Milwaukee County taxpayers can expect the MMSD portion of their property tax bills to increase only slightly if the district's proposed budget is approved, district officials said Wednesday.

The reason: The largest revenue source for the district's proposed $352.9 million budget is money borrowed for capital projects. The proposed spending for capital improvements in 2007 will be $285.4 million, up from $206.9 million in 2006.

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Extract

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Mmsd Proposes 30% Budget Increase; but District Plans to Seek Just a 3% Increase in the Tax Levy

In addition to tax income, low-interest state loans would account for 30.8% of the district's proposed revenue stream next year; 19.2% would come from bonds issued and federal or state aid....

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