65.07 Power of council to levy taxes.

158 words·~1 min read·/wi/chapter-65/65-07

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)The common council shall have power to levy annually a tax upon all the taxable property in the city for the following purposes:

(a)A sufficient general city fund to pay the expenses of city departments, boards and commissions which are subject to the control of the common council. The rate of taxation for the purposes enumerated in this paragraph shall be established only by affirmative vote of at least two-thirds of all members elected to the common council.

(b)A fund to pay the city’s contribution to the fire fighters’ and police officers’ pension fund and for any similar fund which may be created by law.

(c)A sufficient permanent improvement fund for any purpose authorized by s. 66.0913

(1), 67.04 or 67.12 for which money may be borrowed or bonds issued, and for the initial furniture, fixtures, machinery and equipment required in such new facilities permitted thereunder.