1. CITY OF NEW BERLIN 2017 Financial Overview

2. 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

3. 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

4. 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.

5. Where Does the Money Go?

6. 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

7. Levy Rate

8. 2016 City Property Tax Rates of the 24 Cities with populations 30,000 to 150,000
5 Highest Cities 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

9. 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%

10. City General Fund Balance

11. 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

12. New Berlin Full Time Equivalent Employees

13. 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

14. 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.

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

16. Equalized Value Analysis
Residential is 71% of total city value

17. Levy Limit Calculation

18. Funding sources for debt service requirements

19. Proposed Budget Analysis

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