Sharing is Caring

As election season heats up, it’s important not to forget about the important local items that you’ll be asked to vote for on November 5. To that end, Mayor Satya Rhodes-Conway talked to Thursday 8 O’Clock Buzz hosts Tony Castañeda and Eli Wilz about a referendum on the ballot which asks voters to allow the city of Madison to raise property taxes.

Another property tax hike will be a tough pill to swallow for homeowners who already await their December tax bills with trepidation that borders on dread. Mayor Rhodes-Conway brings some historical context to the conversation this morning, explaining what “shared revenue” is and how, under Republican control, the State Legislature allocates shared revenue to Madison at a rate of just $29 per resident; (compared to most Wisconsin cities which receive $195 per resident) only 40% of what the city is owed by the state. It’s a shortfall that could easily be covered by the State’s $3 billion+ surplus, and would go a long way toward bridging Madison’s projected $22 million budget deficit.

Photo courtesy of Wave Generics on Pixabay.

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