Amid tax hike on ballots, Madison mayor pitches record capital budget
As Madison city leaders ask voters to hike property taxes to help pay for government services, Mayor Satya Rhodes-Conway is proposing a record-breaking $418.3 million capital spending plan for 2025.
The mayor’s plan would prioritize spending on infrastructure projects, a new public works facility and a north-south line for the city’s forthcoming bus rapid transit system, which is scheduled to launch an east-west route this month.
The city’s capital budget funds large-scale projects like construction, relying on borrowing, tax-incremental financing and grants. By comparison, its operating budget pays for services, staff and programs with a mix of property taxes, state aid, fees and special charges.
While facing an estimated $22 million shortfall in next year’s operating budget, Rhodes-Conway said the city’s capital budget should have different priorities from previous years.
https://captimes.com/news/government/amid-tax-hike-on-ballots-madison-mayor-pitches-record-capital-budget/article_12c69848-6fe0-11ef-9232-1f3712ed57ec.html