CITY OF NEW BERLIN 2017 Financial Overview

Budget Philosophy Balance City spending needs with homeowner’s ability to pay Maintain best budgeting practices (for future stable budgets) Incorporate citizen and stakeholder involvement Base decisions on measurable objectives Effectively manage State budget decisions impact on City Protect AAA bond rating

Budget Environment Moderate growth in state and national economy, improving local economy No increase in revenue from the State State levy limits Improving permit & interest income revenue Increasing infrastructure maintenance costs

Where does the money come from? The city’s reliance on property taxes is 1.3 times the statewide average of 55% for cities & villages.

Where Does the Money Go?

2015 Operating Spending per Capita Median spending per capita is $884 – New Berlin is the Lowest in this category Median spending per capita is $884 – New Berlin is the Lowest in this category

Levy Rate

2016 City Property Tax Rates of the 24 Cities with populations 30,000 to 150,000 5 Highest Cities 5 Lowest Cities City Rank Tax Rate Racine 1 16.76 Oak Creek 20 6.39 West Allis 2 10.80 Brookfield 21 5.51 Kenosha 3 10.41 Franklin 22 5.50 La Crosse 4 10.07 New Berlin 23 5.09 Waukesha 5 9.61 Menomonee Falls 24 4.86 Source: Wisconsin Taxpayer Alliance

Per Capita Comparisons Cities population 30,000 to 150,000 Basic Spending Per Capita Per capita spending for general government, street maintenance, law enforcement, and fire-ambulance High: $833 Median: $607 Low: $491 Mid Range: $551 to $691 New Berlin - $531 Operating Spending Per Capita Per capita operating spending $1,334 $884 $689 $854 to $1,045 New Berlin - $689 Municipal Property Tax Levies Per Capita Per capita municipal property tax levies $990 $610 $403 $548 to $651 New Berlin - $628 Debt Per Capita / Debt as a % of Limit General obligation debt per capita and debt as a share of the state limit (5% of equalized value) $2,666 $1,395 $428 $1,294 to $1,783 77.7% 42.0% 13.1% 36.6% 55.3% New Berlin - $1,206 20.2%

City General Fund Balance

City Employment Statistics Unemployment Rate 2014 2015 2016 June 2017 City of New Berlin 4.7% 3.9% 3.7% 3.1% State of Wisconsin 5.5% 4.6% 4.1% United States 6.2% 5.3% 4.9% 4.5% Source U.S. Dept of Labor – Bureau of Labor Statistics, State of WI, Dept of Workforce Development

New Berlin Full Time Equivalent Employees

Statistical Information 36.7 Square miles with a population of 40,195 8th Highest property value in the State 2011 Digital City Survey winner 2010 Median household income as % of state:151% 2010 Per capita income as % of state: 140% 227 Miles of Streets 894 Acres of Parks & Conservancy Named a “Tree City USA” by the National Arbor Day Foundation & a “Bird City” by Bird City WI 170 miles of water mains

Highest Possible Bond Rating Moody’s Rating: Aaa “The Aaa rating reflects the city’s large and stable tax base located in the City of Milwaukee (Aa3 Stable) metropolitan area; above average wealth indices, history of sound financial management characterized by prudent management and a stable financial position. Additional considerations include an average debt burden with rapid principal amortization, and moderate unfunded pension liabilities.” -Moody’s Investment Services 8/17/2017 New Berlin is one of only 4 municipalities in the State of Wisconsin that have achieved the highest rating.

Source: Moody'sInvestor Services April 2016 Moody’s Bond Ratings 150 WI CITIES, 2,231 CITIES NATIONWIDE Source: Moody'sInvestor Services April 2016

Equalized Value Analysis Residential is 71% of total city value

Levy Limit Calculation

Funding sources for debt service requirements  

Proposed Budget Analysis

Proposed Tax Rate Analysis Revaluations in 2009, 2012, & 2015