During a recent government meeting in Stevensville, council members discussed pressing financial issues facing the town as they prepared to establish mill levies for the fiscal year 2024-2025. The council reported a modest increase in mill levies, rising from 68.63 mills last year to 72.67 mills this year, which translates to an additional $13,392 in revenue. However, officials emphasized that this increase is insufficient to alleviate the tight budget constraints the town is experiencing.
Council members expressed concerns about the broader economic climate, particularly the impact of rising property taxes on local governments. The council noted that many towns, including Stevensville, are struggling with tight budgets as they recover from the financial strains of the COVID-19 pandemic. The discussion highlighted the challenges of maintaining essential services while facing stagnant revenue growth amid rising costs.
A significant point raised during the meeting was the affordability crisis in housing. One council member pointed out that housing prices have surged dramatically, making it increasingly difficult for working-class residents to afford homes. The council acknowledged that while property taxes are rising, the town does not benefit directly from the increased property values, as much of the tax revenue is allocated to schools.
Looking ahead, the council plans to engage the public in discussions about potential safety levies for police and fire departments, which could help free up funds for other community services, such as parks and recreational facilities. The council is committed to transparency and intends to hold public hearings to gather input on these financial matters.
As the meeting concluded, council members reiterated the importance of fiscal responsibility and the need for creative solutions to navigate the town's financial challenges. The council remains focused on ensuring that Stevensville can continue to provide essential services while addressing the concerns of its residents.