Homeowner Insurance Wisconsin

Waukesha Budget Memo Shows Details About Budget Cuts

Cover Letter

October 7, 2011

The Honorable Mayor Scrima, the Chairman of the Board Ybarra, president of the Finance Committee Joe Pieper, members of the Finance Committee and the full Common Council and directors of departments:

Presentation

In recent weeks the staff of Finance and I have worked with Mayor Scrima we developed the 2012 budget executive. Consequently, the finance staff and I have finalized the budget of the executive.This budget takes into account the financial reality of its taxpayers while meeting the operational needs of the City and citizens' expectations of a high level of service delivery. The mayor informed me that he has fully reviewed and approved the final budget and produces a 0% increase in the tax levy. On behalf of the Mayor, the Finance staff and I are pleased to present the 2012 Executive Budget. This budget is for all budgetary funds of the City of Waukesha.

Attached is the proposed budget for the 2012 Executive of the City of Waukesha for consideration by the Finance Committee and Common Council. The total 2012 budget, including all funds, equals $ 125,122,864 compared to total 2011 budget of $ 128,240,520, representing a decrease of 2.43%. The 2012 operating budget of the Fund was $ 57,200,909 compared to the 2011 budget adopted operating, which was $ 57,891,585, a decrease of $ 690,676 or 1.19%.

Mayor, Council and Finance Committee, have been clear about its desire to minimize the tax impact on residents Waukesha.Under this direction, and in assessing the financial challenges Waukesha citizens and businesses face, the contribution needed to support the 2011 budget proposed 2012 Executive remain stable at $ 51,405,434 for the second consecutive year. Therefore, there would be no change for the average homeowner because of the budget of the City.

Homeowner Insurance Wisconsin - News

Waukesha Budget Memo Shows Details About Budget Cuts

Therefore, there would be no change for the average homeowner as a result of the City's proposed budget. The recommended Executive Budget is consistent with budgetary goals established by the Council as follows, supporting sound financial policies,

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Q: Why do I need an owner's insurance, and that their home insurance for tenants and those who own a condo?

A: For most people, the biggest investment they make in their lives is the purchase of a house. An insurance policy is one of the best ways to help protect your investment.

A homeowners insurance policy will help to protect not only the individuals home from certain types of damage and theft, but it can also help to provide protection for the individuals possessions within the home, as well as cover the individuals liability should someone get hurt or injured on your property.

Individuals who are not current homeowners can also get similar protection through a renter’s insurance policy.Unlike an insurance policy, a tenant's insurance will protect the property of the tenant in the apartment or rental because the owner or the owner is only responsible for rent for the dwelling itself (and not tenant's possessions).

An owner can also buy a homeowner policy condominium to secure personal property. Condominium housing policies may be different, with some policies including additions / changes are not insured by the condominium corporation, and certain policies automatically, including these.

Condo owners should check with their condominium corporation and their insurance agent before buying a condo insurance policy to ensure they are adequately covered for their needs.