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Madison City Council Approves Operating Budget

Taxes on average home to rise 3.55 %

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The average Madison homeowner will see his taxes rise 3.55 percent after the Madison Common Council approved a new operating budget for 2017 Tuesday night.

The council approved a $300.3 million operating budget that will levy $219.7 million in taxes. That means the average assessed home in Madison will pay $2418.41 in property taxes to the city next year.

The operating budget Tuesday was significantly less controversial then the capital budget passed Monday.

The biggest expense on the table was a 1 percent increase in pay for general city employees that equals out to about $590,000. That expense did pass.

Mayor Paul Soglin is expected to sign the city’s capital and operating budgets Wednesday morning.

Council members approved the $360 million capital budget Tuesday morning.

The capital budget passed Monday night is the largest in city history, officials said.

Approving the capital budget allows the city to move forward on building a public market on the city’s near east side and a new police station.

It took council members until 2 a.m. to pass the budget, which includes funding for a new Midtown Police Department and $2 million for the planning and design of a Madison Public Market.