The Town Board of Trustees will begin their review of the Town's 2020 budget and 2020 - 2024 financial plans in September. The Board's first review date is scheduled for September 16th from 1:00 - 7:00 PM at Town Hall. Town budgets are then tentatively planned to be formally discussed and adopted by the Board in October.
2020 proposed budgets total over $49 million. Because of increasing property values, stable to increasing sales and use tax revenues, combined with continued cost control efforts, property tax rates controlled by the Town are projected to continue to remain stable or decrease including:
- Town General Fund tax at 7.93 mills – the same as 2019. This tax rate is down 10% since 2007.
- Town Library tax at 1.50 mills
- Superior/McCaslin Interchange Metropolitan District tax reduced to 23.85 mills – down from the 2019 rate of 24.00. Since 2012 this tax rate has decreased 32%.
2020 will be the 17th consecutive year the Town has decreased at least one of our property tax rates.
Utility fee changes include a 5% increase in sewer service/usage charges. A residential customer will see their bill increase a little more than $1 per month as a result of this fee increase. This rate adjustment is necessary to offset increased operational utility costs, routine system capital maintenance, debt service and utility system capital improvements anticipated as a result of unfunded State and Federal mandates. Previously, water rates were projected to increase at 5% annually for the foreseeable future (at least through 2024). However, with recent new growth to the Town’s utility system (primarily in Downtown Superior), water and storm drainage rates are projected to remain flat, or no increases, through 2024.
The 2020 capital program calls for the street maintenance and replacement program (88th Street Reconstruction) to continue at $3.7 million. 2020 water, sewer and storm drainage capital improvements are budgeted at $6.7 million. The majority of this work is at Superior’s wastewater treatment plant.
In terms of parks and recreation amenities, there will be continued significant maintenance activities and improvements at our pools, parks, ball fields and tennis courts. Tree, plant and shrub enhancements will continue throughout the community. The Superior’s 4th of July festivities, Chili Fest and dozens of other community events are planned to continue.
The 2020 preliminary budget is available below for your review. Please plan to attend the September and October Town Board budget reviews and contact Town Hall at 303-499-3675 with any questions.