Cuts to Elm Grove's state aid will be deeper than expected under Gov. Scott Walker's proposed budget bill, according to reports from the Wisconsin Legislative Fiscal Bureau.
The bill would cut shared revenues to municipalities by an average of 8.5 percent.
The exact amount each community would lose is based on population and assessed value, however. Elm Grove, with a relatively low population and high assessed value, stands to lose the maximum - 50 percent of its shared revenue, according to the bureau.
That will cost the village $53,500, significantly more than if Elm Grove's cut was closer to the average, which would have been a $9,000 hit to village coffers.
Transportation aid would also be cut at the maximum level - 15 percent, a loss of $85,756.
The new information is to be presented to the Village Board tonight. Check back with ElmGroveNOW.com for updates from that meeting.
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