The City of Janesville prides itself on providing quality services at a great value to our residents. The value residents receive for City services is best illustrated by data published by the Wisconsin MunicipalFacts 2018. Let's see how the City of Janesville stacks up against 14 peer communities!
In 2016, Janesville's per capita spending on general government; street maintenance; fire and ambulance; and law enforcement services all rank within the bottom five of our peer communities. When combined, the City spends the lowest amount on these basic services among peer communities. Also, Janesville's per capita spending on all government operations is the fifth lowest among peer communities.
#1 - Property Taxes
The City of Janesville has been a fiscally-responsible steward of taxpayer dollars with the fourth lowest property taxes per capita and the second lowest property tax rate among our peer communities.
#2 - State Shared Revenue
The City of Janesville receives the fourth lowest state shared revenue per capita among our peer communities. Janesville receives only $81 per resident in state shared revenue, while our peer communities receive an average of $179 per resident, or 221% more than Janesville.
#3 - Property Taxes and State Shared Revenue (combined)
The City of Janesville receives the lowest combined property taxes and state shared revenue per capita among our peer communities. Property taxes and state shared revenue should be inversely related, meaning communities who receive greater state shared revenue can afford to have lower property taxes while communities who receive little state shared revenue often have higher property taxes to make up the difference. In spite of receiving little state shared revenue, Janesville's ability to keep property taxes relatively low compared to our peer communities is truly a testament to the great value residents receive for quality City services!
#4 – General Obligation Debt Per Capita
As referenced above, Janesville receives the lowest combined revenue from property taxes and state shared revenue compared to our peer communities. As a result of restrictions on operating revenue generation, the City funds many capital projects through acquiring general obligation debt. Janesville’s general obligation debt per capita ranks below the average for our peer communities. The City also maintains a “AA” bond rating from Standard & Poor’s.
#5 – General Obligation Debt Per Equalized Assessed Value (EAV)
Equalized assessed value (EAV) refers to the dollar value assigned to a property for tax purposes. Calculating the debt per EAV provides an analysis of Janesville’s debt management in comparison to our peer communities. Janesville’s debt per EAV ranks below the average for our peer communities.
If you have any questions or want additional information, please contact Maggie Darr, Assistant to the City Manager, at firstname.lastname@example.org or (608) 755-3103.