WAUSAU, Wis. (WSAU) – Wausau passed a budget Tuesday that raises property taxes in 2011 but does not give the city an extra $100,000 in reserves.
The budget had proposed a 12 cent increase in the property tax rate. That would have included 4 cents or $100,000 that the city could set aside in its contingency fund. Supporters of the extra four cents said the money would only be used on an emergency basis and was necessary to help maintain the city's aging infrastructure
But seven City Council members voted to strip out the four cents and leave the increase at 8 cents. They said the cushion comes at the wrong economic time and that many families could not afford it.
The budget raises the property tax rate from $8.41 to $8.49 per $1,000 of assessed property value.
Editor's note: The text of the above news story is correct. However, in several newscasts this morning WSAU incorrectly reported that city property taxes for the owner of a $100,000 home would rise $80. This is incorrect; the increase would be $8.