Mayor Satya Rhodes-Conway is proposing to use $47.2 million in federal stimulus funds for affordable housing, homelessness, violence prevention, economic development and other services.
The next year will also bring the annexation of the town of Madison and an estimated $4 million in ongoing annual operating costs.
Village officials are predicting an average of 30% less premier resort and room tax revenue next year, considering COVID-19 will continue to affect tourism in 2021.
“We are obliged to deliver a balanced budget, and there were very few options to make that possible,” Mayor Satya Rhodes-Conway said.
The council adopted Wednesday a $349.5 million operating budget and $166.4 million capital budget that will raise taxes on an average-value home by $43.
After more than five hours of public comment Tuesday largely about whether to accept a federal grant to hire four officers, the City Council decided to wait until Wednesday before voting on changes to the 2021 capital and operating budgets.
Madison’s City Council will continue its deliberations Wednesday at 5:30 p.m. beginning with amendments to the 2021 Capital Budget.
City Council members have offered 11 more amendments to Mayor Satya Rhodes-Conway's operating budget, including one to accept a federal COPS grant for a police Downtown Entertainment Zone Team that with a focus on the greater State Street area.
Final deliberations on the city’s 2021 Capital and Operating Budgets begin Nov. 10.
The Dane County Board of Supervisors begins budget deliberations Nov. 9.
Dane County's Personnel & Finance Committee meets virtually Monday at 5:30 p.m.
Committee members ultimately adopted 20 amendments to the 2021 executive budget that would reduce spending in proposal by $76,207.
The mayor's proposed budget raises city taxes on the average home by 1.39%, or $37.46, to $2,723.20.
The Finance Committee will vote on 27 amendments to the mayor's executive operating budget at a virtual meeting Monday at 4:30 p.m.
By spreading the pain, Madison’s mayor hopes to navigate the financial hit of the coronavirus pandemic while accounting for social needs and racial reckoning.
"This has been an unprecedented and challenging year," Mayor Satya Rhodes-Conway said in a statement.
“2020 has been an absolutely unprecedented and challenging year,” Mayor Satya Rhodes-Conway said Tuesday.
The South Jersey Transportation Authority voted Wednesday morning to use $16 million in reserve funds toward its 2020 operating budget and debt service, because of revenue reductions related to COVID-19.
If approved, the proposal would amount to a $95.7 million increase in System spending over the biennial budget.
Though the budget shortfall for 2020 has tightened somewhat, the city is looking at an estimated $25 million budget gap in 2021.
City Council members voted 19-1, with Ald. Paul Skidmore, District 9, in opposition.
After evaluating seven options, the board voted 5-4 on a 2021 operating budget request that seeks to bridge a financial gap and cut costs by 5% per Mayor Satya Rhodes-Conway’s directives.
“We need to ask ourselves serious questions about whether or not we should be in the business of providing certain services," Madison Mayor Satya Rhodes-Conway said.
"The mayor’s budget message is clear – barring major positive action by either the state or federal government, the city is facing service reductions and possibly layoffs," city finance director David Schmiedicke said.