Supervisors approve 2024 Lincoln County budget
By Jalen Maki
Tomahawk Leader Editor
LINCOLN COUNTY – The 2024 Lincoln County budget is officially set.
During its meeting on Tuesday, Nov. 14, the Lincoln County Board of Supervisors unanimously voted to approve next year’s spending plan.
Supervisors had the opportunity to propose amendments to the budget during this week’s meeting, as long as the budget remained balanced once amended. No amendments were proposed.
The 2024 tax levy came in at $15,658,766.00, a 3.61% increase from this year’s $15,113,054.00 levy.
The county’s equalized valuation increased from $3,093,555,100.00 this year to $3,523,732,700.00 in 2024, a 13.91% jump.
A balanced proposed budget was presented to the board in October. During the board’s meeting last month, Finance Director Samantha Fenske said the county’s net new construction had increased to 1.06% for 2024, the “highest it’s been in a very, very long time.” Last year, net new construction was 1.02%.
Fenske last month also noted the roughly $630,000.00 supplemental payment the county received as part of the state’s updated shared revenue formula, which Fenske said helped the budgeting process.
The 2024 Lincoln County Budget Report is available online at www.tinyurl.com/4xpuzspk.