Village of Eagle spends now to save in long run
Village of Eagle - Sometimes it pays to spend a little bit more now to save in the long run, which is exactly what the village wants to do in its 2013 budget.
With the switch to the state health insurance plan last June, the village will need to pay a surcharge of $920 per month per family plan and $310 per month per single plan for 2013, in addition to premiums, explained Village President Rick Spurrell. However, that amount will be less in some instances, as some employees are joint employees with the town. After the surcharges are paid during 2013, the village will save about $40,000 per year in premiums, said Spurrell.
He explained that the state regulates how much the village can contribute to premiums, setting that rate somewhere between 50 and 88 percent of the total premium. Because of this, employees will contribute significantly more toward their benefits this year.
The village went with the state plan with a long-term vision, but didn't anticipate this high of a surcharge, Spurrell added. However, looking long-term, "it's certainly a benefit to the village." The village has already paid for six months worth of the surcharge, he noted.
The good news is that the surcharge is not expected to affect the levy or tax rate under the proposed budget. The proposed levy for 2013 is the same as 2012 at $759,071. The tax rate is also expected to stay the same at $4.97 per $1,000 of assessed value. This means that a person owning a $250,000 home could expect to pay $1,243 in village taxes for 2013. The proposed budget for 2013 is about $1.24 million, a 4-percent increase over 2012's budget of about $1.2 million.
Village residents will vote on the proposed budget during a public hearing set for 6 p.m. Nov. 8 at Village Hall, 820 E. Main St.
Top stories from the Lake Country area. Tuesday afternoons and Thursday mornings.
Enter your e-mail address above and click "Sign Up Now!" to begin receiving your e-mail newsletter Get the Newsletter!
A Lake Country Twist
on holiday favorites
Click here for stories
on community pride
Do you have news or a nonprofit event that you would like to share with the community? Whether it's a community organization, a business, a local school, or a notable neighbor, we'd love to hear about it.
- CPA Presents - "Avner the Eccentric"
- Hamilton National Honor Society hosts food drive
- Hamilton students selected for Honors Band Festival
- Need some holiday gift ideas for that golfer in your life?
- Elation Dance Center Presents: Wonders of the Season
- Cornerstone Community Bank Hosting Cash Drive for Menomonee Falls Area Food Pantry
- Santa Lucia Festival & Craft Fair Dec. 7
- Local Chiropractors Discuss: Fun With Google Body Browser
Lake Country residents share their views on news, happenings and current events.
LivingLakeCountry.com features more than a dozen community bloggers - a group of volunteer conversation leaders who are up on the latest topics and never short on an opinion. Just a few are pictured here. Check out the rest and see what they have to say!
View All Blogs
Do you want to become a Community Blogger? LivingLakeCountry.com welcomes your thoughts and opinions. Contact us for more information:
I want to blog