For those who may have questions pertaining to this year’s Sun Prairie referendum, it is imperative that we understand the laws governing our municipalities, particularly Wisconsin statute 66.0602.
This law caps municipal taxes based on net new construction, which has significant implications for our communities. Each year, Wisconsin sees a statewide net new construction rate ranging from 1 to 1.7%.
However, when we consider normal inflation, which currently sits conservatively at 2.5% annually, and health care inflation that can rise between 3.5 to 5%, the math becomes troubling. Eventually, it catches up with everyone, and we must address these realities…