WAUSAU, Wis. (WSAU) – Employees and taxpayers in Wausau will shoulder the costs of eliminating a $2.7 million budget deficit in 2010.
The City Council held a public hearing on the spending plan Tuesday. It will vote on the budget in two weeks.
Officials raised $700,000 in revenue by shifting $340,000 in spending on capital projects to operations and increasing the levy by $42,000.
The city has cut about $2 million in expenses by eliminating seven vacant positions, deferring $365,000 in raises by a year and choosing a new health insurer. Employees will pay 10 percent more for health care.
Staff either need to find enough revenue or cut expenses even more to fill the remaining $169,000 deficit.
The budget calls for a property tax increase. The owner of a $100,000 home can expect to pay about $19 more in city taxes, according to preliminary figures.
The total tax impact isn’t known yet because of possible changes to the school and lottery tax credits.